Avic Heavy Machinery shareholders approve new director, subsidiary capital hike

Avic Heavy Machinery announced the outcomes of its fourth extraordinary general meeting of shareholders for 2025, held on September 15, 2025, in Guiyang City, Guizhou Province. The meeting saw 1,009 shareholders and proxies attend, representing 504,854,018 voting shares or 32.2889% of the total, and passed all proposed resolutions.

Key resolutions included the election of Mr. Shi Yongyong as a company director, which passed with 492,606,596 votes (97.5740% of votes cast). Additionally, a proposal regarding the capital increase for Avic Heavy Machinery's wholly-owned subsidiary, Hongyuan Company, using raised funds, also received shareholder approval with 492,886,906 votes (97.6295% of votes cast).

The meeting was chaired by Ms. Hu Lingling, a director and general manager, due to the absence of chairman Ran Xing. Beijing Jiayuan Law Firm provided legal oversight, confirming the legality and validity of the meeting's resolutions.