Avic Heavy Machinery announces share repurchase, dividend distribution

Avic Heavy Machinery has announced plans to repurchase and cancel shares, as well as distribute a cash dividend to shareholders. The share repurchase plan, approved at the company's second extraordinary general meeting in June 2025, reflects management's confidence in the company's long-term prospects and aims to enhance shareholder value by boosting per-share earnings. The company will now notify creditors with a 45-day window to claim debts or guarantees. The repurchase will reduce the company's registered capital. The dividend distribution is set at CNY 0.1218 per share, based on a total share capital of 1,575,492,153 shares, for a total payout of CNY 191,894,944.24. The ex-dividend date is set for June 17, 2025, with payments processed through China Securities Depository and Clearing Corporation Limited (CSDCC). Different tax treatments will apply to individual and institutional investors depending on holding periods, with certain QFII and Hong Kong Stock Exchange investors eligible for tax treaty benefits.