AVIC Jonhon Optronic announces capital reduction, board changes

AVIC Jonhon Optronic Technology will reduce its registered capital from RMB 2,118,271,050 to RMB 2,117,427,561 and its total share capital from 2,118,271,050 shares to 2,117,427,561 shares. This follows the repurchase and cancellation of 843,489 restricted shares under its third restricted stock incentive plan. The repurchase, totaling RMB 21,207,865.6, was due to 95 incentive recipients’ departure, job changes, demotion, or failure to meet performance targets. This change necessitates amendments to the company's articles of association.

The company also announced the election of a new, 9-member eighth board of directors. This board comprises five non-independent directors (Mr. Li Sen, Mr. Zhang Hang, Mr. Li Zida, Mr. Zhang Li, Mr. Xu Dongwei) and three independent directors (Mr. Yang Yintang, Ms. Yu Lina, Ms. Liu Yongli). These appointments are subject to shareholder approval and regulatory review.

Additionally, AVIC Jonhon Optronic Technology has projected its 2026 daily related party transactions. These include RMB 24,200 for raw material purchases from the AVIC Industrial Group, RMB 40,000 for raw material purchases from Qingdao Xinghang Optoelectronic Technology Co., Ltd., and RMB 271,000 in product and commodity sales to the AVIC Industrial Group.