AVIC Shenyang Aircraft adjusts project timelines, replaces self-funded capital

AVIC Shenyang Aircraft Corp. announced its decision to use raised funds amounting to 1,088,843,468.95 yuan to replace self-funded capital previously invested in fundraising projects and issuance expenses. This decision, made during a board meeting on November 20, 2025, aligns with regulatory requirements as the replacement occurred within six months of the funds being received. The company confirmed that the total funds raised were 4,000,000,000.00 yuan, with a net amount of 3,969,686,823.57 yuan after deducting issuance-related costs.

Concurrently, AVIC Shenyang Aircraft Corp. also approved the extension and optimization of several key fundraising projects. The Composite Material Production Line Capacity Building Project and the Titanium Alloy Production Line Capacity Building Project will have their expected operational dates extended from January 2026 to December 2026. The Aircraft Maintenance Service Assurance Capacity Enhancement Project will see its operational date moved from November 2025 to December 2027, with adjusted construction content, all without altering the project's implementing entity, investment method, or allocated funds.

These strategic adjustments and the capital replacement will be submitted for shareholder approval at the Third Extraordinary General Meeting on December 26, 2025, alongside other matters including the 2025 Q3 profit distribution and the appointment of an accounting firm. Additionally, the board approved the 2025 daily related party transaction execution and 2026 daily related party transaction forecast, highlighting ongoing operational engagements.