China Express Aviation controlling shareholder pledges company shares

China Express Airlines announced its controlling shareholder, China Express Aviation Holdings, has pledged 9,861,933 shares of the company's stock. This represents 3.30% of the controlling shareholder's total stake and 0.77% of the company's total share capital. The pledge began on November 19, 2025, with the shares serving as equity-backed investment and the counterparty being Huachuang Securities.

Following this pledge, the controlling shareholder's total pledged shares amount to 24,188,583 shares, representing 8.08% of its total holdings and 1.89% of the company's total share capital. The company stated the financing from this pledge is not related to the company's production and operational needs. The controlling shareholder has not engaged in non-operational fund occupation or illegal guarantees that would harm the company's interests.

The pledge is not expected to significantly impact the company's production, operations, corporate governance, or the fulfillment of performance compensation obligations. No shares held by the controlling shareholder or its concerted parties are frozen, auctioned, or subject to trust arrangements, indicating no immediate risk of forced liquidation or transfer. The company will continue to monitor the situation and provide timely disclosures.