Spring Airlines' shareholders' equity change hits 1% threshold

Spring Airlines (SSE:601021) announced that a group of its key shareholders, including Spring Travel, Spring Investment and Spring Wing Investment, have completed a reduction in their shareholdings. The cumulative reduction totaled 7,790,662 shares, representing 0.80% of the company's total share capital, triggering a mandatory disclosure due to crossing the 1% threshold. Post transaction, their collective stake decreased from 56.65% to 55.90%. The transactions were executed through centralized bidding between May 30, 2025, and June 20, 2025. Specifically, Spring Travel sold 3,935,400 shares, Spring Investment reduced its stake by 2,871,762 shares, and Spring Wing Investment sold 983,500 shares. The transactions for Spring Travel were valued at CNY 224,821,738.84, Spring Investment at CNY 163,983,839.62, and Spring Wing Investments at CNY 56,128,472.00. The airline confirmed this equity change will not impact its controlling shareholder or actual controller, and will not affect the company's governance structure or ongoing operations.