Spring Airlines repurchases 0.3785% of shares, uses CNY189.96m

Spring Airlines (SSE:601021) announced it has repurchased 3,703,000 of its own shares through a centralized bidding transaction system as of April 7, 2025. This represents 0.3785% of the company's total share capital. The total expenditure for the repurchase reached CNY189,959,951.44, excluding transaction commissions and transfer fees. This accounts for 63.32% of the maximum planned repurchase fund. The repurchase program, approved on November 4, 2024, aims to use between CNY150 million and CNY300 million to buy back shares for an employee stock ownership plan. The company affirms its confidence in its future prospects and shareholder value. Spring Airlines assures investors that it will adhere to regulatory guidelines and disclose further developments in a timely manner.