Juneyao Airlines to cancel 15m repurchased shares

Shanghai Juneyao Airlines (SSE:603885) announced it will cancel 15 million repurchased shares on July 1, 2025, reducing the company's total share capital from 2,199,005,268 to 2,184,005,268. This move, approved at the company's board and shareholder meetings, involves changing the use of the repurchased shares from employee stock ownership plans to capital reduction. The decision will not materially impact the company's financial status or operations and will not affect its listing status. The cancellation will reduce the registered capital by CNY 15,000,000 and will not cause changes in company control. The funds for the repurchase came from the company's own funds and self-raised funds, and the action complies with relevant laws and regulations.