Section 1: Necessity of Issuing Securities and Choice of Product Type
Lu'Air Aviation Technology Co., Ltd. (hereinafter referred to as "Lu'Air Aviation," "the Issuer," or "the Company") is a company listed on the Main Board of the Shenzhen Stock Exchange. To meet the Company's capital needs for development, expand its business scale, and enhance its overall competitiveness, the Company, considering its actual situation and in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as "Company Law"), the "Securities Law of the People's Republic of China" (hereinafter referred to as "Securities Law"), and the "Administrative Measures for the Registration of Issuance of Securities by Listed Companies" (hereinafter referred to as "Administrative Measures"), proposes to raise funds by issuing convertible corporate bonds to unspecified targets (hereinafter referred to as "convertible bonds").
I. Type of Securities to be Issued
The type of securities to be issued is convertible corporate bonds that can be converted into the Company's shares. These convertible corporate bonds and the shares to be converted in the future will be listed on the Main Board of the Shenzhen Stock Exchange.
II. Feasibility and Necessity of the Fund-Raising Investment Project
The fund-raising investment projects for this issuance of convertible corporate bonds to unspecified targets have been carefully considered by the Company. They comply with national industrial policies and the Company's strategic development direction. The implementation of these projects will further enhance the Company's core competitiveness, strengthen its sustainable development capabilities, and be in the interests of the Company and all shareholders, demonstrating both feasibility and necessity. For detailed analysis, please refer to the "Feasibility Analysis Report on the Use of Raised Funds for the Issuance of Convertible Corporate Bonds to Unspecified Targets by Lu'Air Aviation Technology Co., Ltd." published on the website of the Shenzhen Stock Exchange on the same day.