CITIC (00267): A subsidiary of CITIC Offshore Helicopter, Haizhi General Aviation, plans to initiate disposal procedures for two Ka-32 helicopters.

CITIC (00267) announced that Haizhi General Aviation Co., Ltd. ("Haizhi General Aviation"), a subsidiary of CITIC Offshore Helicopter Co., Ltd. (the "Company"), which is a subsidiary of CITIC Limited, plans to initiate disposal procedures for two Ka-32 helicopters (registration numbers B-7812 and B-7813). To optimize its fleet structure and achieve transformational development, Haizhi General Aviation, a subsidiary of the Company, intends to entrust a qualified property rights trading platform to publicly list and dispose of the two helicopters owned by Haizhi General Aviation through public listing. During the listing announcement period, interested buyers may bid online, and after the announcement period expires, the highest bidder will be awarded the listing and complete performance and asset transfer procedures. The appraisal results of the helicopters to be disposed of have been filed with the state-owned assets supervision and administration authority. The listing price is determined based on the filed appraisal results as the pricing basis, and the proposed initial listing reserve price is RMB171.66 million.