Chairman Ram Xing of Avic Heavy Machinery (600765.SH) proposed to repurchase shares worth 200 million to 400 million yuan.

Avic Heavy Machinery (600765.SH) announced that Chairman Ran Xing proposed the company repurchase some of its shares through centralized bidding trading. The repurchased shares will be used to reduce registered capital and optimize the company's capital structure. The total amount of funds for repurchasing shares is between RMB 200 million to 400 million, with an upper limit repurchase price not exceeding 150% of the average trading price of the company's shares for the 30 trading days prior to the resolution of the repurchase plan approved by the Board of Directors.