China Express Airlines begins share repurchase program for employee incentives

China Express Airlines, as per its board resolution on September 15, 2025, has begun its share repurchase program. On October 14, 2025, the company first repurchased 60,000 shares through its dedicated securities account via centralized bidding. This represents 0.0047% of its total share capital.

The shares were acquired at prices ranging from RMB 9.75 to RMB 9.85 per share, totaling RMB 588,200.00 (excluding transaction fees). The repurchase was funded by a dedicated share repurchase loan, with the price not exceeding the approved maximum of RMB 13.54 per share. This initial repurchase aligns with the company's plan to use these shares for employee stock ownership plans or equity incentives.

China Express Airlines intends to continue implementing the repurchase plan within the designated period, subject to market conditions and fund availability. The company assures compliance with all relevant laws and regulations and will make further disclosures as required. Investors are advised to be aware of investment risks.