China Express Airlines updates on progress of share repurchase program

As of November 30, 2025, China Express Airlines has cumulatively repurchased 1,823,800 shares through its dedicated securities account via centralized bidding. This represents 0.14% of the company's total share capital. The highest price paid was RMB 11.38 per share, while the lowest was RMB 9.75 per share, resulting in a total transaction value of RMB 19,164,038.00, excluding transaction fees.

The repurchase is funded by a special loan for stock repurchases and adheres to the proposed maximum price of RMB 13.54 per share. The company's board initially approved the share repurchase plan on September 15, 2025, with an allocated amount between RMB 80,000,000.00 and RMB 160,000,000.00. The repurchased shares are intended for employee stock ownership plans or equity incentives.

China Express Airlines confirms that the repurchase activities comply with all relevant laws and regulations. The company plans to continue the repurchase program within the approved timeframe and will fulfill its information disclosure obligations.