Spring Airlines’ controlling shareholder unpledges significant block of shares

Spring Airlines announced on October 29, 2025, that its controlling shareholder, Shanghai Spring International Travel Service (Group) Co., Ltd. ("Spring International Travel"), has unpledged 19,600,000 shares. These shares, previously pledged to Yunnan International Trust Co., Ltd., represented 3.89% of Spring International Travel's total holdings and 2.00% of Spring Airlines' total share capital.

Following this release, Spring International Travel now holds 504,000,000 shares, representing 51.52% of Spring Airlines' total share capital. The cumulative pledged shares held by Spring International Travel have been reduced to 16,310,000 shares, which constitutes 3.24% of its total holdings and 1.67% of Spring Airlines' total share capital.

Spring International Travel has stated that there are no immediate plans for further pledges of the unpledged shares, though future financing needs will determine any subsequent actions.