Juneyao Airlines' controlling shareholder adjusts share pledges

Shanghai Juneyao Airlines Company Limited disclosed that its controlling shareholder, Juneyao Group, has completed transactions to release and pledge a portion of its shares. Juneyao Group released 12.67 million shares, representing 1.24% of its total holdings and 0.58% of the company's total share capital, from a pledge with Industrial Bank Co., Ltd. Shanghai Pudong Branch.

Concurrently, Juneyao Group pledged 12.67 million shares to Industrial Bank Co., Ltd. Shanghai Pudong Branch, effective September 16, 2025, and maturing on September 16, 2026. These shares were pledged as performance guarantees for Juneyao Group's debt. Following these transactions, Juneyao Group's cumulative pledged shares amount to 813.7 million shares, representing 79.71% of its total holdings and 37.26% of Juneyao Airlines' total share capital.

As of the announcement date, Juneyao Group and its concerted parties have a total of 841.2 million shares pledged, accounting for 79.59% of their combined holdings and 38.52% of the company's total share capital. The controlling shareholder and its concerted parties assert that their credit status is sound, with sufficient capital to repay obligations, and that current pledge risks are manageable, with no immediate liquidation risk.