Spring Airlines' controlling shareholder proposes to repurchase the company's shares for 300 million to 500 million yuan.

date
20:21 31/03/2026
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GMT Eight
Spring Airlines (601021.SH) announced that on March 31, 2026, the company received a letter from its controlling shareholder, Shanghai Spring International Travel Agency (Group) Co., Ltd. (referred to as "Spring Group"), proposing that Spring Airlines repurchase a portion of its issued RMB ordinary shares (A shares) through centralized auction trading. The total amount of funds for repurchasing shares shall not be less than 300 million yuan (inclusive) and not more than 500 million yuan (inclusive). The repurchased shares will be used entirely for maintaining the company's value and shareholders' equity, and will be subsequently sold through centralized auction trading.
Spring Airlines (601021.SH) announced that on March 31, 2026, the company received a letter from its controlling shareholder, Shanghai Spring International Travel Agency (Group) Co., Ltd. ("Spring Group"), proposing a share repurchase plan. Spring Group proposed that the company repurchase some of its issued Renminbi ordinary shares (A shares) through centralized auction trading, with the total amount of funds for repurchase not less than 300 million yuan (inclusive) and not more than 500 million yuan (inclusive). The repurchased shares will be used solely to maintain the company's value and shareholder interests, and will be subsequently sold through centralized auction trading.