AviChina to fully circulate H shares and expand airborne business

AviChina Industry & Technology Company Limited announced the proposed implementation of H Share Full Circulation, converting 261,522,000 domestic shares held by National Military-civilian Integration Industrial Investment Fund Co., Ltd. into H shares. This move, approved by the board on December 12, 2025, is subject to regulatory approvals and the Stock Exchange's consent for listing and trading. Concurrently, the company also announced voting results from its EGM on December 12, 2025, where all resolutions were approved, including amendments to the articles of association, abolishment of the supervisory committee, and the appointment of Mr. Gao Jiming as a non-executive director.

Separately, AviChina disclosed a connected transaction involving its non-wholly owned subsidiary, AVIC Airborne, acquiring a 59.1816% partnership interest in AIC Yuhua from AVIC Industry Investment, a connected person. The preliminary consideration for this acquisition, valued at RMB202,105,702.57, aims to enhance the group's airborne business chain and synergistic effects. This acquisition is subject to reporting and announcement requirements but is exempt from circular and independent shareholder approval under Chapter 14A of the Listing Rules, given that the highest applicable percentage ratio is between 0.1% and 5%.