AVIC Heavy Machinery Executives' Share Buyback Plan Progress: Four Executives Have Spent 2.2431 Million Yuan on Buybacks, Exceeding Lower Limit by 52.17%

MaticHoleFiller · 2026-03-23T00:59:54+00:00

AVIC Heavy Machinery announced that four senior executives have increased their shareholdings by 128,800 shares, totaling 2.2431 million yuan, accounting for 52.17% of the lower limit of the plan. The share purchase plan lasts for 12 months, with a total amount ranging from 4.3 million to 8.6 million yuan. They will continue to increase their holdings subsequently, but risk factors may impact the implementation.

MaticHoleFiller

2026-03-23 00:59:54

Abstract generation in progress

On March 19, 2026, AVIC Heavy Machinery Co., Ltd. (hereinafter referred to as “AVIC Heavy Machinery”) announced the latest progress of its share repurchase plan by some directors and senior management. The announcement shows that as of March 17, 2026, four senior executives have cumulatively increased their holdings by 128,800 shares through centralized bidding, with a total purchase amount of 2.2431 million yuan, accounting for 52.17% of the lower limit of the repurchase plan (4.3 million yuan), exceeding the 50% threshold.

Progress of the Repurchase Plan: Four executives have completed a total of 2.2431 million yuan in purchases

The announcement discloses that between March 16 and March 17, 2026, four directors and senior managers used their own funds to increase their holdings. Specifically:

Party Committee Secretary and Chairman Ran Xing increased by 58,000 shares, costing 1.0041 million yuan, representing 0.0039% of the total share capital.
Deputy Party Secretary, Employee Director, and Discipline Inspection Secretary Mao Yuan increased by 20,000 shares, costing 349,500 yuan, representing 0.0013% of the total share capital.
Vice President and Board Secretary Wang Zhihong increased by 41,600 shares, costing 729,800 yuan, representing 0.0028% of the total share capital.
Vice President Tang Chengjiang increased by 9,200 shares, costing 159,700 yuan, representing 0.0006% of the total share capital.

The four senior executives together increased their holdings by 128,800 shares, totaling 2.2431 million yuan, accounting for 0.0086% of the company’s total share capital.

Details of the participants and plan

The plan was disclosed on December 16, 2025, involving seven senior executives including Party Secretary and Chairman Ran Xing, Director and General Manager Hu Linghong, among others. The plan is to increase holdings of A-shares through centralized bidding within 12 months, with a total planned purchase amount of no less than 4.3 million yuan and no more than 8.6 million yuan, without a fixed price range, to be implemented based on stock price fluctuations.

No.	Name	Position	Planned Purchase Amount (10,000 yuan)
1	Ran Xing	Party Secretary, Chairman	100-200
2	Hu Linghong	Director, General Manager, Deputy Party Secretary	100-200
3	Mao Yuan	Deputy Party Secretary, Employee Director, Discipline Inspection Secretary	30-60
4	Shi Yongyong	Director, Chief Accountant	30-60
5	Wang Zhihong	Vice President, Board Secretary	100-200
6	Tang Chengjiang	Vice President	40-80
7	Song Guiji	Chief Legal Advisor	30-60

From the implementation status, Ran Xing has completed 100.41% of his minimum plan (100 million yuan), Mao Yuan has completed 116.50% of his minimum (30 million yuan), Wang Zhihong has completed 72.98% of his minimum (100 million yuan), and Tang Chengjiang has completed 39.93% of his minimum (40 million yuan). Meanwhile, Director and General Manager Hu Linghong, Director and Chief Accountant Shi Yongyong, and Chief Legal Advisor Song Guiji have not yet implemented any purchases.

Details of completed purchases and current holdings

The announcement also discloses the amounts, quantities, and current holdings of each participant:

No.	Name	Position	Planned Purchase (10,000 yuan)	Actual Purchase (10,000 yuan)	Shares Purchased	Current Shares Held	Shareholding Ratio
1	Ran Xing	Party Secretary, Chairman	100-200	100.41	58,000	453,880	0.0292%
2	Hu Linghong	Director, General Manager, Deputy Party Secretary	100-200	0.00	0	106,860	0.0069%
3	Mao Yuan	Deputy Party Secretary, Employee Director, Discipline Inspection Secretary	30-60	34.95	20,000	30,000	0.0019%
4	Shi Yongyong	Director, Chief Accountant	30-60	0.00	0	0	0.00%
5	Wang Zhihong	Vice President, Board Secretary	100-200	72.98	41,600	63,900	0.0041%
6	Tang Chengjiang	Vice President	40-80	15.97	9,200	102,200	0.0066%
7	Song Guiji	Chief Legal Advisor	30-60	0.00	0	0	0.00%
Total			430-860	224.31	128,800	756,840	0.0487%

Next steps and risk warning

AVIC Heavy Machinery states that the plan has not yet been fully implemented. Based on confidence in the company’s future sustainable and stable development and recognition of long-term investment value, the participants will continue to increase their holdings as appropriate within the implementation period.

The announcement also reminds that the plan may be delayed or unfulfilled due to market fluctuations, capital market changes, or funds not arriving on time. The company will fulfill its disclosure obligations in accordance with relevant regulations.

This purchase will not affect the company’s actual control or its governance structure and will not impact ongoing operations.

Disclaimer: The market involves risks; investment should be cautious. This article is automatically generated by an AI model based on third-party databases and does not represent Sina Finance’s views. All information herein is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for details. For questions, contact biz@staff.sina.com.cn.

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