Chairman Wang Jiangang of AVIC Airborne Systems (600372.SH) proposed to repurchase shares worth 300 million to 500 million yuan.

AVIC Airborne Systems (600372.SH) announced that the company's chairman, Wang Jiangang, proposed the company repurchase some of its own shares through centralized competitive bidding using its own funds or bank loans. The repurchased shares will be used for future employee stock ownership plans or equity incentive plans. The total amount of the repurchase fund is between 300 million and 500 million RMB, and the repurchase price ceiling is not higher than 150% of the average trading price of the company's stock for the 30 trading days before the resolution of the board of directors.