Notice on Investor Preparations for Share Swap Absorption Merger
AVIC Electromechanical Systems Co., Ltd. and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, without false records, misleading statements, or significant omissions.
AVIC Electronics Co., Ltd. (hereinafter referred to as "AVIC Electronics") has completed the cash option for shareholders of AVIC Electromechanical Systems Co., Ltd. (hereinafter referred to as "AVIC Electromechanical") in the share swap absorption merger. The Shenzhen Stock Exchange (hereinafter referred to as "SZSE") has officially accepted the application for the termination of AVIC Electromechanical's stock listing. If the SZSE decides to terminate the listing of AVIC Electromechanical's stock, AVIC Electromechanical will cease to be listed, and the share swap will be implemented with AVIC Electronics, with the share swap registration date determined for all shareholders of AVIC Electromechanical registered by 3:00 PM on the share swap registration date.
Since AVIC Electronics is listed on the Shanghai Stock Exchange and AVIC Electromechanical is listed on the Shenzhen Stock Exchange, the share swap implementation will be divided into two parts: securities conversion and cross-market securities account conversion. "Securities conversion" refers to converting the shares of AVIC Electromechanical held by investors into the corresponding number of shares of AVIC Electronics according to the share swap ratio determined in the merger plan; "cross-market securities account conversion" refers to the registration of AVIC Electronics A-shares to the investors' Shanghai market securities accounts after the conversion of AVIC Electromechanical shares.
To ensure the smooth progress of the share swap absorption merger, AVIC Electromechanical reminds investors to prepare as follows: