Juneyao Airlines nears half-billion yuan share buyback target

Shanghai Juneyao Airlines Company Limited announced that its share repurchase program had reached 35,296,686 shares as of October 31, 2025. This represents 1.62% of the company's total share capital, with a total spend of 447,953,924.73 yuan, excluding transaction fees.

The shares were acquired at prices ranging from 11.93 yuan to 13.46 yuan per share. Initiated on January 27, 2025, the program aims to repurchase shares within 12 months, with a total value between 250 million yuan and 500 million yuan. These shares are primarily intended for reduction of registered capital, with some designated for employee stock ownership plans or equity incentives.

In a notable development, 15,000,000 repurchased shares, initially earmarked for employee incentives, were re-designated for cancellation to reduce registered capital and officially cancelled on July 1, 2025. The maximum repurchase price was adjusted to 15.7017 yuan per share effective June 4, 2025, following the 2024 annual equity distribution.