Juneyao Airlines' shareholder adjusts share pledge status

Shanghai Juneyao Airlines announced that its controlling shareholder, Shanghai Juneyao (Group) Co., Ltd. ("Juneyao Group"), recently released 31 million shares from pledge. This represents 3.04% of its total holdings and 1.42% of the company's total share capital. Following this, Juneyao Group's cumulative pledged shares (including the latest transaction) stand at 810.60 million shares, accounting for 79.40% of its holdings and 37.12% of the company's total share capital.

Concurrently, Juneyao Group pledged 27.90 million shares, equivalent to 2.73% of its total holdings and 1.28% of the company's total share capital. The new pledge, valid until October 27, 2026, serves as a performance guarantee for Juneyao Group's debt. The collateral agent for this pledge is China Construction Bank Corporation, Shanghai Pudong Branch.

As of the announcement date, Juneyao Group and its concerted parties have pledged a combined 838.10 million shares, representing 79.30% of their total holdings and 38.37% of the company's total share capital. The company asserts that the controlling shareholder's credit status is sound, with no current risk of liquidation.