China Avionics Systems advances share buyback for employee incentives

China Avionics Systems Co., Ltd. announced progress in its share repurchase program. As of October 31, 2025, the company has repurchased 13,004,400 shares through centralized bidding, representing 0.2687% of its total share capital. The repurchased shares will be used for employee stock ownership plans or equity incentive schemes.

The highest price paid was CNY 12.80 per share, and the lowest was CNY 11.70 per share. The total amount spent on these repurchases, excluding transaction fees, reached CNY 159,885,393.78. This aligns with the company's initial plan to use between CNY 30,000.00 and CNY 50,000.00 to repurchase shares at a price not exceeding CNY 17.06 per share.

The repurchase program was approved on April 18, 2025, with an implementation period from April 21, 2025, to April 20, 2026. The company pledged to continue executing the program in accordance with market conditions and regulations, while fulfilling its information disclosure obligations.