Avica aircraft convenes EGM following executive resignation, key financial approvals

Avica Aircraft announced that its director and deputy general manager, An Gang, has resigned due to work reassignments, effective immediately. An will continue to serve as chairman of Shaanxi Aircraft Industry Co., Ltd., a wholly-owned subsidiary. The company's board has nominated Zhou Quan as a non-independent director candidate, subject to shareholder approval.

The company will convene its third extraordinary general meeting on December 29, 2025, to address An Gang's resignation, elect new directors, and approve a range of financial and operational matters. Shareholders will vote on proposed 2026 daily related party transactions, estimated at 23,035,100,402 yuan.

Additionally, the meeting will seek approval for 2026 financial services with AVIC Industrial Finance Co., Ltd. These services include a maximum daily deposit limit of 30 bn yuan, a revolving loan facility of up to 16 bn yuan, and a comprehensive credit line of 25 bn yuan, all designed to enhance capital efficiency and operational stability.