Spring Airlines announces share buyback for employee stock ownership

Spring Airlines has announced a share repurchase plan valued between 300 million yuan and 500 million yuan. The funds will come from the company's own capital and borrowed funds, supported by a loan commitment of up to 450 million yuan from Industrial Bank Co., Ltd. Shanghai Branch. The repurchased shares are intended for a future employee stock ownership plan, demonstrating a commitment to long-term incentive mechanisms.

The company plans to repurchase its A-shares through centralized competitive bidding transactions at a maximum price of 64.57 yuan per share. Based on this price, the company expects to buy back between 4.61 million and 7.74 million shares, representing approximately 0.47% to 0.79% of its total share capital. The repurchase period will not exceed 12 months from the date of the board's approval.

The board of directors approved the repurchase on August 27, 2025. This move aligns with the company's goal to strengthen market confidence and shareholder interests, while maintaining a healthy financial position without impacting daily operations, profitability, or debt fulfillment capabilities.