Spring Airlines continues share repurchase program

Spring Airlines (SSE:601021) announced the progress of its share repurchase program. As of March 31, 2025, the company has cumulatively repurchased 3,602,200 shares, representing 0.3682% of the company's total share capital. The highest repurchase price was CNY 55.99 per share, and the lowest price was CNY 49.99 per share. The total expenditure on the repurchase amounted to CNY 184,993,141.63, excluding transaction commissions and other related expenses. The repurchased shares will be used for the company's employee stock ownership plan. The repurchase program, approved on November 4, 2024, aims to repurchase shares within a price range not exceeding CNY 60 per share, with a total repurchase amount between CNY 150 million and CNY 300 million. The company will continue to implement the repurchase plan based on market conditions and in accordance with relevant regulations.