China Express Airlines returns idle raised funds

China Express Airlines announced on November 26, 2025, that it has returned a portion of the idle raised funds previously used to temporarily supplement working capital. The company remitted 182,163,037.38 yuan to the dedicated raised funds account. This action was promptly communicated to Dongxing Securities Co., Ltd., the company's sponsor institution, and its representatives.

The decision to use idle raised funds for temporary working capital was approved on May 8, 2025. The resolution allowed for the use of up to 1,390,000,000.00 yuan from its 2022 non-public issuance of A-shares, for a period not exceeding twelve months, ensuring it would not affect the normal progress of its investment projects.

As of the disclosure date, the outstanding balance of idle raised funds still temporarily supplementing working capital is 675,508,974.89 yuan. The company affirmed that during the period these funds were utilized, it strictly adhered to relevant laws and regulations, without impacting project progress, altering the funds' intended use, or engaging in high-risk investments.