Avica aircraft shareholders approve governance and compensation updates

Avica Aircraft's second extraordinary general meeting of shareholders in 2025, held on September 26, approved several key proposals, including amendments to the company’s Articles of Association, Shareholder Meeting Rules, and Board of Directors Meeting Rules. These changes passed with overwhelming majorities, with the Articles of Association receiving 99.7636% approval from shareholders.

Additionally, shareholders approved revisions to the "Management Measures for Directors, Senior Management Personnel, and Allowances," with 99.7674% of votes in favor. The updated Articles of Association specify a registered capital of RMB 2,781,149,071 and outline new regulations concerning share issuance, buybacks, and transfers, enhancing corporate governance and shareholder rights. The approved changes will streamline the company's operational and decision-making processes, aligning them with current legal and regulatory requirements.

The meeting, presided over by chairman Han Xiaojun, was conducted through a combination of on-site voting and online polling. Shanghai Jintiancheng Law Firm provided legal oversight, confirming the validity of the meeting's procedures and resolutions. The full text of the revised documents will be available on the Juchao Information Network from September 27, 2025.