China Avionics Systems progresses share repurchase for employee incentives

As of November 30, 2025, China Avionics Systems Co., Ltd. has repurchased 13,004,400 shares through centralized bidding, representing 0.2687% of its total share capital. The highest price paid for a share was RMB 12.80, while the lowest was RMB 11.70. The total amount spent on repurchases, excluding transaction fees, reached RMB 159,885,393.78.

The share repurchase program, initiated on April 18, 2025, aims to utilize company funds ranging from RMB 300 million to RMB 500 million. These repurchased shares are intended for employee stock ownership plans or equity incentive plans. The repurchase price limit was adjusted on June 12, 2025, from RMB 17.13 per share to RMB 17.06 per share following the implementation of the 2024 equity distribution plan.

The company's board of directors approved the repurchase on April 18, 2025. The repurchase period is set from April 21, 2025, to April 20, 2026. The company affirms that the progress of the repurchase aligns with relevant laws, regulations, and the company's repurchase plan requirements, and it will continue to disclose information as the program advances.