AVIC Jonhon Optronic revises capital and share structure

AVIC Jonhon Optronic Technology's board approved a reduction in registered capital and amendments to its Articles of Association, driven by the repurchase and cancellation of 795,727 restricted A-shares. This adjustment modifies the registered capital from RMB 211,827.1050 million to RMB 211,747.5323 million, and the total issued shares to 211,747.5323 million. The buyback is due to employees no longer meeting the incentive plan's criteria, including departures and failure to meet performance targets.

Additionally, the company announced the achievement of the second unlocking conditions for 16,896,945 restricted shares under its third A-share incentive plan, representing 0.7977% of current total share capital. Performance targets, including net profit and EVA growth, were met, allowing 1,401 incentive recipients to unlock shares. The company also adjusted its 2025 daily related transaction forecasts, increasing raw material procurement and product sales to related parties based on market demand and operational needs.