AVIC Aircraft Holdings' buyback is nearing completion: spent 294 million yuan, reaching 98% of the planned minimum

Log in to the Sina Finance app and search 【information disclosure】 to view evaluation tiers

On April 1, AVIC Aircraft (Shenyang) Avionics Systems Co., Ltd. (hereinafter referred to as “AVIC Aircraft”) released an announcement on the progress of its share repurchase, disclosing its implementation status as of March 31, 2026. The announcement shows that the company has cumulatively repurchased 22.9887 million shares, accounting for 0.48% of the total share capital, and has spent RMB 294 million (i.e., 300M yuan), which is close to the lower bound of the originally planned repurchase amount of RMB 300 million, with a completion rate of 98%.

Recap of the share repurchase plan

According to the announcement, AVIC Aircraft held the 2025 annual second meeting of the eighth session of its board of directors on April 18, 2025, during which the share repurchase plan was approved. The plan was proposed by the chairman and was first disclosed on April 19, 2025. The implementation period is from April 21, 2025 to April 20, 2026. The company expects to use its own funds of RMB 300 million (inclusive) to RMB 500 million (inclusive) to repurchase shares through centralized bidding on the Shanghai Stock Exchange. The maximum repurchase price per share will not exceed RMB 17.13 (later adjusted to RMB 17.03 per share after the distribution of dividends and other equity adjustments). All repurchased shares will be used for an employee stock ownership plan or equity incentives.

Latest repurchase progress

As of March 31, 2026, AVIC Aircraft has cumulatively repurchased 22.9887 million shares through centralized bidding, accounting for 0.48% of the company’s total share capital. The repurchase price range was RMB 11.70 per share to RMB 15.00 per share, which is below the adjusted maximum repurchase price limit of RMB 17.03 per share. The company has cumulatively paid a total amount of RMB 29432.9658 million (excluding transaction fees).

The announcement states that the above repurchase progress complies with relevant laws, regulations, normative documents, and the requirements of the company’s share repurchase plan. Based on the lower bound of RMB 300 million in the original plan, the company has completed 98% of the repurchase amount; if based on the upper bound of RMB 500 million, the completion rate is 58.87%.

Next steps

AVIC Aircraft said it will, within the remaining repurchase period (as of April 20, 2026), carry out repurchases when opportunities arise based on market conditions. In addition, it will promptly fulfill its information disclosure obligations in accordance with the provisions of the 《Rules for Share Repurchases by Listed Companies》, the 《Shanghai Stock Exchange Guidelines for Self-Regulation of Listed Companies No. 7—Share Repurchases》, and other relevant regulations.

Market analysis believes that by using repurchased shares for employee stock ownership or equity incentives, the company will help bind the interests of the core team and enhance governance effectiveness. Investors may pay attention to the subsequent implementation of the repurchase and the rollout of the employee incentive plan.

（The data in this article source: announcements by AVIC Aircraft (Shenyang) Avionics Systems Co., Ltd.）

Disclaimer: There are risks in the market; invest with caution. This article is automatically published by an AI large model based on third-party databases and does not represent views of Sina Finance. Any information appearing in this article is for reference only and does not constitute personal investment advice. If there are discrepancies, please refer to the actual announcements. If you have any questions, please contact biz@staff.sina.com.cn.

Click to view the full text of the original announcement>>

Huge amounts of information and precise interpretation—right on Sina Finance APP

Byline: Xiao Lang Express