JUNEYAOAIR(SH:603885) Sou Hu Cai Jing·2026-01-27 19:34Core Viewpoint - The company has approved a share repurchase plan aimed at enhancing shareholder value and confidence through the buyback of its own shares, with specific allocations for employee stock ownership plans and capital reduction [1][2][3]. Share Repurchase Approval and Plan - On January 27, 2025, the company's board approved a share repurchase plan using self-funds and raised funds, with a total repurchase amount between RMB 25 million and RMB 50 million, at a maximum price of RMB 15.80 per share, within a 12-month period [1]. - The company later adjusted the maximum repurchase price to RMB 15.7017 per share starting June 4, 2025, while other terms of the repurchase plan remained unchanged [3]. Implementation of Share Repurchase - The company initiated its first share repurchase on February 13, 2025, and disclosed the details on February 14, 2025 [4]. - By January 26, 2026, the company had completed the repurchase of 36,474,886 shares, representing 1.67% of the total share capital, with an average repurchase price of RMB 12.70 per share, totaling approximately RMB 463.35 million [5]. Changes in Share Usage - On April 18 and May 12, 2025, the company decided to change the intended use of 15 million repurchased shares from employee stock ownership plans to cancellation and reduction of registered capital, with the cancellation completed on July 1, 2025 [2][7]. Remaining Shares and Future Plans - After the repurchase, the company has 31,854,390 shares remaining, which are intended for employee stock ownership plans or equity incentives. These shares will not enjoy voting rights or profit distribution during the holding period [8].