Juneyao Airlines major shareholder reduces stake in recent transactions

Shanghai Juneyao Airlines Company Limited (SSE:603885) recently disclosed that Eastern Airlines Industrial Investment Co., a shareholder holding over 5% of its shares, reduced its stake. Through centralized bidding transactions between October 15, 2025, and October 21, 2025, Eastern Airlines Industrial Co. sold 9,397,500 shares. This transaction decreased its total shareholding percentage from 13.35% to 12.92%, triggering the 1% threshold for equity changes.

The company confirmed that this equity change aligns with Eastern Airlines Industrial Co.'s previously announced share reduction plan and does not trigger a mandatory tender offer. This adjustment in ownership is not expected to alter the company's controlling shareholder or actual controller, nor will it significantly impact its corporate governance structure or ongoing operations.

As of the announcement date, Eastern Airlines Industrial Co.'s share reduction plan has not been fully executed. Investors are advised to be aware of potential investment risks.