Juneyao Airlines reports significant progress in share repurchase program

Shanghai Juneyao Airlines has provided an update on its ongoing share repurchase program, confirming that as of November 30, 2025, the company had cumulatively repurchased 36,474,886 shares. This represents 1.67% of its total share capital of 2,184,005,268 shares. The total expenditure for these repurchases reached RMB463,348,666.73, excluding transaction fees. The repurchases were executed at prices ranging from a minimum of RMB11.93 per share to a maximum of RMB13.46 per share.

The company's board approved the share repurchase scheme on January 27, 2025, with an initial plan to repurchase shares using self-owned and self-raised funds, including a dedicated bank loan. The repurchased shares are intended for employee stock ownership plans or equity incentives, with an estimated total value between RMB250,000,000 and RMB500,000,000.

In a significant update, Juneyao Airlines also announced changes to the purpose of a portion of its repurchased shares. On April 18, 2025, the board approved changing the use of 15,000,000 repurchased shares from employee incentives to cancellation and reduction of registered capital, effective July 1, 2025. Additionally, the maximum repurchase price was adjusted from RMB15.80 per share to RMB15.7017 per share following the 2024 annual equity distribution.