CITIC Co., Ltd. (00267) issued an announcement. CITIC Haizhi (000099.SZ), a subsidiary of the company, was based on the Interim Measures for the Administration of Special Funds for General Aviation Development and the Notice of the Central and Southern Regional Administration of Civil Aviation on the Release of Special Funds for General Aviation Development in 2019. It is stipulated that the company applies to the Civil Aviation Administration of China for the 2019 General Aviation Development Special Fund (July 2017-June 2018) subsidy. On May 31, 2019, the company received a subsidy of RMB 21.463 million for special aviation development funds in 2019.

The above subsidies will be included in the company's 2019 profit and loss in accordance with the relevant provisions of the “Accounting Standards for Business Enterprises No. 16 – Government Subsidy”. The specific impact of the subsidies obtained on the company will be subject to the final audit results of the accounting firm in 2019.