Spring Airlines adjusts share buyback cap after differentiated dividend plan

Beijing Jiayuan Law Firm affirmed Spring Airlines' differentiated dividend distribution for its 2025 interim period aligns with relevant laws and regulations. The company’s total share capital is 978,333,423 shares, with 7,120,864 shares held in a special buyback account, resulting in 971,212,559 shares participating in the dividend. A cash dividend of RMB 0.43 per share (tax included) will be distributed based on the participating share count, totaling RMB 417,621,400.37.

The ex-dividend price reference will be calculated as (closing price - cash dividend) ÷ (1 + change in circulating shares), which is (closing price - RMB 0.43) ÷ (1+0). This differentiated distribution will not significantly impact the ex-dividend and ex-interest reference price, with an absolute difference of less than 1%.

Consequently, Spring Airlines adjusted its share buyback price ceiling. Effective October 17, 2025, the previous buyback price cap of RMB 65 per share will be reduced to RMB 64.57 per share to reflect the RMB 0.43 cash dividend. This adjustment ensures the buyback program continues in accordance with prior authorizations, without altering other terms of the buyback plan.