Juneyao Airlines initiates its first share buyback, spending over 892.4k yuan to purchase 892.4k shares

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On March 26, Shanghai 吉祥航空 Co., Ltd. (hereinafter referred to as “吉祥航空”) released an announcement, disclosing that the company completed its first share repurchase via centralized competitive bidding. The announcement shows that on March 25, the company carried out its first repurchase through the Shanghai Stock Exchange trading system, accumulating 892.4 thousand shares, accounting for 0.04% of the total share capital, with a total amount of approximately 10.3364 million yuan. The repurchase price range was 11.48 yuan per share to 11.83 yuan per share.

First Repurchase Implemented: Invested More Than 892.4k Yuan to Buy 892.4 Thousand Shares

The announcement states that this first repurchase is a concrete action taken by 吉祥航空 to implement the share repurchase plan approved by the board of directors on March 24. According to the disclosure, the company’s first repurchase quantity was 892.4k shares (i.e., 892.4 thousand shares), representing 0.04% of the company’s total share capital (2,184,005,268 shares). In the repurchase transactions, the highest成交 price was 11.83 yuan per share, the lowest was 11.48 yuan per share, and the total amount paid was 10,336,406 yuan (excluding transaction fees).

Core Elements of the Repurchase Plan: 250 million to 500 million yuan to Protect Shareholder Interests

It is understood that the share repurchase plan was approved on March 24, 2026, at the 24th meeting of the fifth session of the board of directors. The repurchase period lasts 3 months from the date the board approves the plan, i.e., from March 24, 2026 to June 23, 2026. The total repurchase funds are set to be no less than 2.5B元 (including) and no more than 5B元 (including). The repurchase price will not exceed 14.50 yuan per share (including). The repurchase purpose is clearly stated as “maintaining the company’s value and protecting the rights and interests of shareholders.”

Next Steps: Complete the Repurchase Within 3 Months and Continue Fulfilling Information Disclosure

The announcement emphasizes that the company will continue to advance the share repurchase in accordance with the share repurchase plan and relevant laws and regulations, and will timely fulfill its information disclosure obligations based on developments. Regarding the purpose of this repurchase, the company stated that it aims to maintain the company’s value and protect the rights and interests of shareholders by repurchasing shares, and the repurchased shares will subsequently be used for sale.

Market analysts noted that 吉祥航空’s launch of a share repurchase at this time may reflect the company’s recognition of its own value and confidence in future development. However, investors still need to pay attention to the progress of the subsequent repurchase implementation and risks of market volatility.

At the same time, 吉祥航空’s board of directors reminded investors that the company will strictly implement the repurchase according to the repurchase plan and related provisions, and will promptly disclose progress. Investors are advised to pay attention to investment risks.

Statement: The market is risky; invest with caution. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s viewpoints. Any information appearing in this article is for reference only and does not constitute personal investment advice. If there are discrepancies, please refer to the actual announcements. If you have any questions, please contact biz@staff.sina.com.cn.

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Responsible editor: Xiao Lang Express