Announcement of the Share Swap Absorption Merger of AVIC Avionics Systems Co., Ltd.
The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Notice:
-
The share swap absorption merger of AVIC Avionics Systems Co., Ltd. (hereinafter referred to as "AVIC Avionics") by AVIC Electromechanical Systems Co., Ltd. (hereinafter referred to as "the Company" or "AVIC Electromechanical") and the fundraising related transactions (hereinafter referred to as "this transaction") have been approved at the third extraordinary general meeting of shareholders held on October 26, 2022, and have received the approval from the China Securities Regulatory Commission (CSRC) regarding the issuance of shares for the absorption merger and fundraising (CSRC Permit [2022] No. 3241).
-
To fully protect the interests of the Company's shareholders, this share swap absorption merger will provide cash options to eligible dissenting shareholders of AVIC Electromechanical, with AVIC Technology Co., Ltd. (hereinafter referred to as "AVIC Technology") acting as the provider of the cash options. Dissenting shareholders eligible to exercise the cash option may declare their intention to exercise the cash option for all or part of their shares during the cash option declaration period as stipulated in this announcement. If eligible dissenting shareholders do not declare or effectively declare their intention to exercise the cash option during the declaration period, their shares in AVIC Electromechanical will be forcibly converted into A-shares issued by AVIC Avionics.