Juneyao Airlines advances share repurchase plan

Shanghai Juneyao Airlines (SSE:603885) announced progress in its share repurchase program, initiated to enhance shareholder value and for potential employee stock ownership or equity incentives. From the start of the program until February 28, 2025, the company repurchased 4,723,628 shares, representing 0.21% of the company's total share capital. The share buyback occurred at prices ranging from 12.24 yuan to 13.18 yuan per share, resulting in a total expenditure of 59,990,523.6 yuan, excluding transaction costs. The repurchase activities are in compliance with relevant laws and regulations. Juneyao Airlines will continue to assess market conditions and execute the repurchase plan accordingly, while adhering to disclosure requirements.