Aviation Materials Co., Ltd: Chairman Yang Hui proposes to repurchase shares with a total amount of not less than 50 million yuan.

HNA Group announced that Chairman Yang Hui proposed that the company use the proceeds from the over-allotment to repurchase shares through centralized competitive bidding. The total amount of this repurchase shall not be less than RMB 50 million and not exceed RMB 100 million, of which not less than RMB 30 million and not more than RMB 60 million shall be used for employee shareholding plans or equity incentives; not less than RMB 20 million and not more than RMB 40 million shall be used to reduce registered capital. The repurchase price shall not exceed RMB 80 per share, and shall not exceed 150% of the average trading price of the company's stock in the 30 trading days prior to the board of directors' resolution to repurchase shares. The repurchase period shall be within 12 months from the date of approval by the company's shareholders' meeting.