China Avionics announces share repurchase program progress
China Avionics Systems Co., Ltd. announced the progress of its share repurchase program. The program, approved by the board on April 18, 2025, aims to repurchase shares using its own funds, ranging from CNY30,000,000 to CNY50,000,000, through centralized competitive trading on the Shanghai Stock Exchange. The repurchase price will not exceed CNY17.13 per share, with the repurchased shares intended for employee stock ownership plans or equity incentives. As of May 31, 2025, the company has not yet implemented the share repurchase. The company stated that it will make repurchase decisions based on market conditions within the repurchase period, and will fulfill its information disclosure obligations in a timely manner.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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