AVIC Aviation High-Tech announces share repurchase plan

AVIC Aviation High-Tech Co., Ltd. has announced a plan to repurchase its own shares through centralized bidding transactions. The company intends to use the repurchased shares for future equity incentive plans. The total repurchase amount will range from CNY100 million to CNY200 million, funded entirely from the company's own funds. The repurchase price is capped at CNY36 per share, and the program will be conducted within 12 months from the date of board approval. The number of shares to be repurchased is estimated between 2.77 million and 5.55 million, accounting for approximately 0.20% to 0.40% of the company's total share capital. The company's controlling shareholder, China Aviation Industry Group, plans to transfer no more than 1% of AVIC Aviation High-Tech shares to China Electronics Technology Group free of charge. The company has opened a dedicated repurchase account at China Securities Depository and Clearing Corporation with account number B887296635.