Spring Airlines has completed all buyback operations, repurchasing a total of 10.6388 million shares, representing 1.09% of the company's total share capital, with a total payment of approximately 500 million yuan. The highest repurchase price was 48.91 yuan per share, the lowest was 43.70 yuan per share, and the average repurchase price was 46.99 yuan per share. According to the proposal previously approved by the board of directors, the repurchase price cap was 65 yuan per share, with a total fund amount of no less than 300 million yuan and no more than 500 million yuan. All repurchased shares will be used to safeguard company value and shareholder interests. The shares repurchased this time will be temporarily held in a dedicated repurchase securities account and may be sold through centralized bidding 12 months after the announcement of the buyback results and share changes. If not sold or fully sold within three years, the unsold portion will be cancelled.
Spring Airlines Co LtdCompany completed share buyback of ~500 million yuan, signaling value support and potential price floor.