AVIC Optoelectronics' buyback progress: spent 151 million yuan, totaling 4.1M shares repurchased

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China Aviation Optical Electric Technology Co., Ltd. (hereinafter referred to as “AVIC Optoelectronics”) disclosed the latest progress of its share repurchase through centralized bidding trading in April 2026. The announcement shows that as of the end of March 2026, the company had repurchased a total of 4.0987 million shares, accounting for 0.1936% of the total share capital, with a total payment of about 151 million yuan, reaching the lower limit of the original repurchase plan funds.

Background and Adjustment of the Repurchase Plan

Reviewing the announcement information, AVIC Optoelectronics approved the repurchase plan at the 17th meeting of the 7th Board of Directors held on April 28, 2025. The plan is to use self-owned funds or raised funds to repurchase company shares, with a total repurchase amount between 150 million and 300 million yuan, and a maximum repurchase price of no more than 50.94 yuan per share. The implementation period is 12 months from the date of approval by the Board of Directors (i.e., until April 28, 2026).

Because the company implemented its 2024 annual equity distribution during the repurchase period, the maximum repurchase price was adjusted to no more than 50.14 yuan per share in June 2025. After the adjustment, the price still exceeds the actual transaction price range of the repurchase.

Progress of the Repurchase Implementation

According to the announcement, as of the end of March 2026, AVIC Optoelectronics had repurchased 4,098,670 shares (i.e., 4.1M shares) through centralized bidding, accounting for approximately 0.1936% of the company’s current total share capital. The highest transaction price for the repurchased shares was 38.04 yuan per share, and the lowest was 34.84 yuan per share. The total payment was 150,998,290.87 yuan (excluding transaction fees), funded by the company’s own funds.

From the progress of the repurchase, the company has used about 151 million yuan, reaching the lower limit of the original plan (150 million yuan), with some space remaining up to the upper limit of 300 million yuan.

Compliance Explanation

The announcement emphasizes that this repurchase strictly complies with the “Rules for Share Repurchase of Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange No. 9—Share Repurchase,” and other regulations. Specifically:

• The repurchase was not carried out during major decision-making and disclosure sensitive periods, nor during other prohibited periods specified by the CSRC and SZSE;
• The entrusted price did not reach the daily trading price limit, and no entrustments were made during opening call auctions, closing call auctions, or trading days without price fluctuation limits, in accordance with trading rules.

Follow-up Plans and Risk Reminder

AVIC Optoelectronics stated that it will continue to implement this repurchase plan within the repurchase period based on market conditions and will fulfill information disclosure obligations in a timely manner according to relevant laws and regulations. The company reminds investors to pay attention to relevant announcements and be aware of investment risks.

The implementation of this repurchase plan reflects the company’s recognition of its own value and confidence in future development. The subsequent progress of the repurchase and its market impact are worth continuous attention.

Disclaimer: The market carries risks; investments should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. All information appearing in this article is for reference only and does not constitute personal investment advice. For discrepancies, please refer to the actual announcement. If you have questions, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Express