Spring Airlines progresses $40.7m share buyback for employee incentive scheme

Spring Airlines (SSE:601021) has announced the latest progress in its share buyback program, having repurchased 744,550 shares by the end of November 2025. This accounts for 0.0761% of the company's current total share capital. The repurchases were executed via concentrated bidding on the Shanghai Stock Exchange, with prices ranging from 53.99 yuan per share to 55.99 yuan per share, totaling 40,755,827.00 yuan, excluding transaction fees.

The company's board initially approved the buyback on August 27, 2025, with a planned expenditure between 300 million yuan and 500 million yuan. The primary purpose of this buyback is for an employee share ownership plan or equity incentive. Following a semi-annual equity distribution on October 17, 2025, the maximum buyback price was adjusted from 65.00 yuan per share to 64.57 yuan per share.

Spring Airlines reiterated its commitment to proceed with the buyback program in accordance with regulatory requirements and market conditions. The company will continue to disclose the progress of the buyback in a timely manner, urging investors to exercise caution. The buyback period is set to conclude on August 26, 2026.