Juneyao Airlines' controlling shareholder adjusts share pledge status

Shanghai Juneyao Airlines (SSE:603885) announced that its controlling shareholder, Shanghai Juneyao (Group) Co., Ltd. ("Juneyao Group"), has unpledged 1.33 million shares, representing 1.30% of its total holdings and 0.61% of the company's total share capital. The unpledging was executed on September 9, 2025, with an expiration date of September 9, 2028. After this transaction, Juneyao Group's remaining pledged shares total 80.04 million, or 78.40% of its holdings and 36.65% of the company's total share capital. The shares were pledged to Shanghai Rural Commercial Bank Pudong Branch to provide performance guarantees for Juneyao Group's debts.

As of the disclosure date, Juneyao Group and its concerted parties collectively hold 105.69 million shares, with 84.12 million shares pledged, accounting for 79.59% of their combined holdings and 38.52% of the company's total share capital. Juneyao Group's pledged shares due within the next six months total 24.80 million, representing 24.29% of its holdings and 11.36% of total share capital, with a corresponding financing balance of 1.892 billion yuan.

The company states that Juneyao Group and Juneyao Investment have good credit standing and sufficient risk control capabilities, with no current risk of forced liquidation. The transactions do not negatively impact the company's core operations, financing, or corporate governance.