China Express Airlines returns idle funds to boost working capital

China Express Airlines announced on August 28, 2025, the return of 180,000,000 yuan from its idle raised funds to the dedicated fundraising account. This action follows a decision made on May 8, 2025, when the company's Third Board of Directors and Third Board of Supervisors approved the temporary use of up to 1,390,000,000 yuan of idle funds from its 2022 non-public issuance of A-shares to supplement working capital for a period not exceeding twelve months.

The company confirmed that during the period these idle funds were used, all relevant laws and regulations were strictly followed. The deployment did not impede the progress of its investment projects, alter the nature or use of the raised funds, or involve direct or indirect investment in securities, derivatives, or other high-risk ventures.

As of the disclosure date, the remaining balance of idle raised funds still temporarily supplementing working capital is 1,206,810,306.16 yuan. The company promptly informed its sponsor institution, Northeast Securities Co., Ltd., and its sponsor representatives of this return.