Securities code: 688297 Securities abbreviation: China UAV Announcement No.: 2025-013

AVIC (Chengdu) Unmanned Aerial Systems Co., Ltd

Indicative announcement on the chairman's proposal to repurchase part of the company's shares

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content.

AVIC (Chengdu) Unmanned Aircraft Systems Co., Ltd. (hereinafter referred to as the "Company") in April 2025

On the 8th, we received the letter from Mr. Zhang Xiaojun, chairman of the board of directors of the company (hereinafter referred to as the "proposer") on proposing that AVIC (Chengdu) UAV Systems Co., Ltd. repurchase part of the company's shares, the specific content is as follows:

1. The basic information of the proposer and the time of the proposal

1. Proposer: Mr. Zhang Xiaojun, chairman of the board

2. Proposal time: April 8, 2025

2. The reason and purpose for which the proposer proposes to repurchase the shares

Based on the confidence in the company's future development and the high recognition of the company's value, in order to enhance investor confidence and further establish and improve the company's long-term incentive mechanism, Mr. Zhang Xiaojun, the proposer, proposed that the company repurchase part of the company's shares through the Shanghai Stock Exchange system in a centralized bidding transaction, and the repurchased shares will be used for equity incentives or reduce registered capital, optimize the company's capital structure, and enhance the company's shareholder value.

III. Proposals

1. Types of shares to be repurchased: RMB ordinary shares (A shares) issued by the company.

2. The purpose of the repurchased shares: The repurchased shares will be used for equity incentives or to reduce the registered capital.

3. The way to repurchase shares: through the Shanghai Stock Exchange trading system to repurchase shares in a centralized bidding transaction.

4. The price of repurchased shares: the upper limit of the repurchase price shall not be higher than 150% of the average trading price of the company's shares in the 30 trading days before the board of directors deliberates and approves the resolution of the share repurchase plan, which shall be subject to the final review and approval of the share repurchase plan.

5. The total amount of funds for the repurchase of shares: RMB 100 million to 200 million yuan, which is deliberated and approved by the shareholders' meeting

The share repurchase plan shall prevail.

6. Source of funds for repurchasing shares: the company's own funds or self-raised funds.

7. The implementation period of the repurchase of shares: within 12 months from the date of the approval of the repurchase plan by the shareholders' meeting of the company, and shall comply with the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange, and the specific share repurchase plan approved by the shareholders' meeting shall prevail.

4. The proposer's trading of the company's shares within six months prior to the proposal

Mr. Zhang Xiaojun did not buy or sell the company's shares in the six months prior to this proposal.

5. A description of the proposer's plan to increase or decrease his holdings during the repurchase period

In order to further enhance investor confidence, based on the confidence in the company's future development and the high recognition of the company's value, Mr. Zhang Xiaojun has a plan to increase his holdings of the company's shares during the repurchase period, and he will cooperate with the company to fulfill its information disclosure obligations in a timely manner in accordance with the requirements of laws, regulations and normative documents.

6. Commitment of the proposer

Mr. Zhang Xiaojun, the proposer, promised that he would actively promote the company to convene a board of directors meeting as soon as possible to review the repurchase of shares in accordance with relevant laws and regulations, and would vote in favor of the company's proposal to repurchase shares at the board of directors.

7. Risk Warning

The Company will formulate a reasonable and feasible share repurchase plan in a timely manner based on the above proposals, and at the same time perform the necessary review procedures and timely fulfill the information disclosure obligations in accordance with relevant regulations. There is still uncertainty about the above-mentioned share repurchase, please pay attention to the investment risks.

The announcement is hereby made.

Board of Directors of AVIC (Chengdu) Unmanned Aircraft Systems Co., Ltd

April 8, 2025