China Express Airlines appoints new board, management; announces share buyback

China Express Airlines held its second extraordinary general meeting of shareholders on September 15, 2025, approving several key resolutions, including revisions to the Articles of Association and the election of its Fourth Board of Directors. Hu Xiaojun was elected chairman of the Fourth Board of Directors, which comprises nine directors, including five non-independent directors, three independent directors, and one employee director. Concurrently, the company announced new senior management appointments, with Wu Longjiang as chief executive, Li Sansheng as president, and Feng Jie as board secretary.

The company's board also approved a share buyback program, committing to repurchase shares worth between 80 million yuan and 160 million yuan. The repurchased shares will be used for employee stock ownership plans or equity incentives, with the buyback price not exceeding 13.54 yuan per share. This initiative is supported by the company's own funds and a special share buyback loan of up to 144 million yuan from China CITIC Bank Chongqing Branch. The buyback period will not exceed six months from the board's approval.

The Fourth Board of Directors also established four special committees, with independent directors chairing the Remuneration and Assessment, Nomination, and Audit Committees. These changes aim to enhance corporate governance and long-term value creation.