Juneyao Airlines progresses with share repurchase plan

Shanghai Juneyao Airlines (SSE:603885) announced continued progress on its share repurchase program via centralized bidding. Between March 2025 and March 11, 2025, the company bought back an additional 2,907,000 shares, representing 0.13% of total shares, at prices ranging from 12.84 to 13.46 RMB per share, for a total of 38,540,546.00 RMB (excluding transaction costs). Cumulatively, Juneyao has now repurchased 7,630,628 shares (0.35% of total shares) at prices between 12.24 and 13.46 RMB, spending a total of 98,531,069.60 RMB (excluding transaction costs). The buyback program aims to repurchase between 250 million to 500 million RMB worth of company stock for employee stock ownership plans or equity incentives, using its own funds. The company said that the repurchase activities conform to all relevant laws and regulations.