China Avionics Systems announces share repurchase plan, executive change

China Avionics Systems announced plans to repurchase company A shares through centralized bidding, allocating between CNY300 million and CNY500 million of its own funds. The repurchased shares will be used for employee stock ownership or equity incentive plans and, if those are not implemented within 36 months, the shares will be retired. The repurchase price will not exceed CNY17.13 per share, at a premium of no more than 150% of the average share price in the 30 trading days before the board's decision on the repurchase plan. The repurchase is scheduled to occur between April 21, 2025, and April 20, 2026.