China Express Airlines begins share repurchase program

As of October 31, 2025, China Express Airlines has repurchased 293,100 shares, representing 0.0229% of its total share capital. The repurchases were executed through centralized bidding via a dedicated securities account. The highest transaction price was recorded at 10.50 yuan per share and the lowest at 9.75 yuan per share. The total transaction value, excluding trading fees, amounted to 3,025,924.00 yuan.

The company's board approved the share repurchase plan on September 15, 2025. The repurchased shares are intended for employee stock ownership plans or equity incentives. The program aims to repurchase shares worth between 8,000.00 yuan and 16,000.00 yuan, at a maximum price of 13.54 yuan per share, funded by a dedicated share repurchase loan.

China Express Airlines confirms that the initial repurchase activities comply with relevant laws, regulations, and the approved repurchase plan, including adherence to price limits and trading restrictions. The company will continue to implement the repurchase plan based on market conditions and funding availability, providing further disclosures as required.