Juneyao Airlines controlling shareholder plans stake reduction and share unpledging

Shanghai Juneyao (Group) Company Limited, the controlling shareholder of Juneyao Airlines, announced a plan to reduce its stake by up to 3% of the company's total share capital, or 65,520,157 shares. The reduction is scheduled between December 15, 2025, and March 14, 2026, through concentrated bidding and block trades, aiming to free up capital for its own business operations. Currently, Juneyao Group holds 1,020,862,080 shares, representing 46.74% of the total share capital.

This announcement follows the unpledging of 122.1 million shares by Juneyao Group, reducing its total pledged shares to 688.5 million. This constitutes 67.44% of its holdings and 31.52% of the company's total share capital. The unpledging and share reduction are not expected to impact the company’s governance structure or ongoing operations.

Juneyao Group's outstanding pledged shares totaling 619.03 million (60.64% of its holdings and 28.34% of the company's total share capital) are set to mature within the next year, corresponding to a financing balance of 4.988 bn yuan. Its related party, Shanghai Juneyao Aviation Investment Company Limited, has 27.5 million pledged shares, corresponding to a financing balance of 200 million yuan, also maturing within the next year. Both entities maintain good credit and sufficient risk control capabilities.