Spring Airlines concludes 2020 employee stock ownership plan

Spring Airlines has announced the completion of its 2020 employee stock ownership plan, with all held shares now sold. The plan was initially approved through board meetings in December 2020 and January 2021, and an extraordinary general meeting in 2021. Further revisions were approved in August 2025.

As of March 31, 2021, the "Xingzheng Asset Management Xinzhong Spring Airlines No. 3 Employee Stock Ownership Single Asset Management Plan" had cumulatively purchased 521,200 company shares. These shares represented 0.06% of the company's total share capital at the time, with a total transaction value of 30,407,033 yuan and an average transaction price of 58.34 yuan per share.

Following the sale of all shares, Spring Airlines will proceed with the asset liquidation and distribution processes in accordance with the plan's regulations, officially terminating the 2020 employee stock ownership plan.