AviChina proposes governance overhaul, new non-executive director

AviChina Industry & Technology will hold an Extraordinary Shareholders' Meeting (EGM) on Friday, December 12, 2025, to address significant governance amendments and a new director appointment. Proposed changes to the Articles of Association and Rules Governing the Operation of Shareholders' Meetings include abolishing the Supervisory Committee and establishing an Audit and Risk Management Committee under the Board. These changes reflect updates from the China Securities Regulatory Commission and Listing Rules.

The EGM will also consider the appointment of Mr. Gao Jiming, 66, as a non-executive director. Mr. Gao, a researcher-level senior engineer, brings extensive experience from key roles at HIWING Technology Academy of China Aerospace Science and Industry Corporation and Aerospace Hi-Tech Holding Group Co., Ltd. His term will run from approval at the EGM to the 2027 Board election, with remuneration determined by the Board's remuneration committee.

Shareholders seeking to attend and vote at the EGM should note the H share register will close from November 22, 2025, to December 12, 2025. Transfer instruments for H shares must be lodged by 4:30 p.m. on November 21, 2025. Proxy forms should be returned at least 24 hours before the meeting.