Spring Airlines finalizes 2021 employee stock ownership plan termination

Spring Airlines, under its 2021 employee stock ownership plan, accumulated 615,000 shares of the company's stock through its asset management plan. These shares represented 0.07% of the company's total share capital at the time of purchase. The total transaction amount for these shares was RMB 30,996,000, at an average price of RMB 50.40 per share. The completion of these purchases was previously announced on September 29, 2021.

As of the date of this announcement, Spring Airlines confirms that all shares held under the 2021 employee stock ownership plan have been sold. This action aligns with relevant regulations and internal management protocols.

Following the sale, the company will proceed with asset liquidation and distribution as per the plan's terms, officially terminating the 2021 employee stock ownership plan.