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Juneyao Air proposes cash dividend, alters buyback for capital reduction

April 22, 2025 at 05:24 AM UTCBy FilingReader AI

Juneyao Airlines (SSE:603885) announced a proposal for a 2024 cash dividend of CNY0.10 per share (CNY217.45 million total) and revealed plans to reduce its share capital by cancelling 15 million shares repurchased through prior buyback programs. The canceled shares are from past buyback programs and their values are adjusted on Jun. 24 for approximately CNY162.3 million in total, thus reducing the original budget spent on said programs. The moves aims to improve long-term shareholder value and boost earnings per share. The proposed distribution is contingent on shareholder approval at the 2024 annual meeting. The board has planned to also continue its 2025 buyback program, allocating between CNY250 million and CNY500 million. All moves align with requirements and will need approval. The company had 2024 revenues of CNY22.09 billion. The airline's actual controller is Mr. Junyao, with shares managed with a group of other key employees, is in charge.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Supplementary Source Documents

Shanghai Juneyao Airlines Co., Ltd. 2024 Annual Report SummaryApril 21, 2025 at 12:51 PM UTC
Audit Report of Shanghai Juneyao Airlines Co., Ltd.April 21, 2025 at 12:51 PM UTC
Shanghai Juneyao Airlines Co., Ltd.'s announcement on the proposed change of use of some repurchased shares and cancellationApril 21, 2025 at 12:51 PM UTC
Shanghai Juneyao Airlines Co., Ltd.'s special report on the company's deposit and actual use of raised funds in 2024April 21, 2025 at 12:51 PM UTC
Special audit report on the summary of non-operating capital occupation and other related capital transactions of Shanghai Juneyao Airlines Co., Ltd.April 21, 2025 at 12:51 PM UTC
Announcement of Shanghai Juneyao Airlines Co., Ltd. on Reducing the Company's Registered Capital and Amending the Articles of AssociationApril 21, 2025 at 12:51 PM UTC
Shanghai Juneyao Airlines Co., Ltd. 2024 Annual ReportApril 21, 2025 at 12:51 PM UTC
Cathay Pacific Haitong Securities Co., Ltd.'s special audit report on the deposit and use of raised funds of Shanghai Juneyao Airlines Co., Ltd. in 2024April 21, 2025 at 12:51 PM UTC
Internal Control Audit Report of Shanghai Juneyao Airlines Co., Ltd.April 21, 2025 at 12:51 PM UTC
Articles of Association of Shanghai Juneyao Airlines Co., Ltd. (revised in April 2025)April 21, 2025 at 12:51 PM UTC
Announcement of Shanghai Juneyao Airlines Co., Ltd. on providing guarantee for its wholly-owned subsidiary Shanghai Juneyao International Air Travel Service Co., Ltd.April 21, 2025 at 12:51 PM UTC
Announcement of the Resolution of the 16th Meeting of the 5th Board of Directors of Shanghai Juneyao Airlines Co., Ltd.April 21, 2025 at 12:51 PM UTC
Shanghai Juneyao Airlines Co., Ltd.'s announcement on the forecast of routine related-party transactions in 2025April 21, 2025 at 12:51 PM UTC
Shanghai Juneyao Airlines Co., Ltd. 2024 Internal Control Evaluation ReportApril 21, 2025 at 12:51 PM UTC
2024 Performance Report of the Audit Committee of the Board of Directors of Shanghai Juneyao Airlines Co., Ltd.April 21, 2025 at 12:51 PM UTC
SSE:603885Shanghai Stock Exchange
Airlines

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