Spring Airlines begins share buyback for employee incentive plans

Spring Airlines (601021) announced on November 21, 2025, that it has initiated its first share repurchase through the Shanghai Stock Exchange. On November 20, 2025, the company bought back 35,800 shares, representing 0.0037% of its total share capital. The highest price paid per share was RMB 55.99 and the lowest was RMB 55.42, with a total expenditure of RMB 1,999,650.00.

This initial buyback aligns with the company's previously disclosed plan to repurchase shares totaling between RMB 300,000,000 and RMB 500,000,000. The repurchased shares are intended exclusively for employee stock ownership plans or equity incentives. The buyback program is set to run from August 27, 2025, to August 26, 2026. Following a semi-annual equity distribution on October 17, 2025, the maximum repurchase price was adjusted from RMB 65 per share to RMB 64.57 per share.

The company has affirmed its commitment to adhere strictly to relevant regulations throughout the buyback period, making decisions based on market conditions and providing timely disclosure of progress. Investors are advised to exercise caution.