AVIC SAC(SH:600760) Zheng Quan Zhi Xing·2025-07-23 16:14Core Points - The company announced the repurchase and cancellation of 604,799 restricted stocks due to the termination of employment or contractual relationships with 9 incentive targets, including 8 due to relocation or retirement and 1 due to disciplinary action [1][2] - The repurchase and cancellation process has been approved by the board of directors, independent directors, and the supervisory board, with legal opinions confirming compliance with relevant regulations [1][5] - The total share capital will decrease from 2,835,699,513 shares to 2,835,094,714 shares after the cancellation, with specific changes in the structure of restricted and unrestricted circulating shares [3][4] Repurchase and Cancellation Details - The repurchase involves 9 incentive targets and a total of 604,799 restricted stocks, which will be processed through a dedicated securities account [2][3] - The cancellation is expected to be completed by July 28, 2025, and the company will proceed with necessary legal registrations [3][5] - The company has fulfilled the creditor notification procedures and has not received any claims from creditors regarding debt repayment or guarantees [2] Compliance and Legal Opinions - The board of directors confirmed that the decision-making process and information disclosure comply with laws and regulations, ensuring no harm to the rights of incentive targets or creditors [4][5] - Legal opinions affirm that the repurchase and cancellation are lawful and valid, with necessary authorizations and approvals obtained [5]