China Avionics Systems announces share repurchase progress

China Avionics Systems has released an update on its share repurchase program, initially disclosed on April 19, 2025. The company's board approved the repurchase on April 18, 2025, with the intention to buy back shares via centralized bidding for employee stock ownership or equity incentives. The repurchase program is slated to run from April 21, 2025, to April 20, 2026, with an allocated budget between CNY 30,000.00 and CNY 50,000.00. The maximum repurchase price is capped at CNY 17.06 per share after adjustment from 2024 rights issue. As of June 30, 2025, the company has not yet implemented any share repurchases under this plan. The company will continue to evaluate market conditions and make repurchase decisions as appropriate.