China Avionics adjusts share repurchase price limit after equity distribution

China Avionics Systems Co., Ltd. has adjusted the upper limit of its share repurchase price from 17.06 yuan per share to 17.03 yuan per share, effective December 4, 2025. This adjustment follows the implementation of the company's 2025 Q3 profit distribution plan, which saw a cash dividend of 0.022 yuan (tax inclusive) per share distributed based on a calculation using 4,825,892,230 shares.

The original share repurchase program, approved on April 18, 2025, aimed to repurchase shares at a price not exceeding 17.13 yuan per share. The adjustment was calculated using the formula: (Adjusted-before repurchase price limit - Cash dividend per share) ÷ (1 + Change in outstanding shares ratio). Based on a total share capital of 4,838,896,630 shares, the cash dividend per share, adjusted for the total share capital, amounted to approximately 0.02194 yuan per share. This led to the revised upper limit of 17.03 yuan per share.

The company plans to use its own funds for the repurchase, with a total amount ranging from 300m yuan to 500m yuan. The number of shares to be repurchased is estimated to be between 17,615,972 shares and 48,000,000 shares, representing 0.36% to 0.99% of the company's current total share capital. All other aspects of the repurchase program remain unchanged.