Core Points - The company has approved the 2021 Employee Stock Ownership Plan (ESOP) and its related proposals during board meetings held on June 4 and June 25, 2021 [1] - The company has revised the ESOP and its management measures during the board meeting on August 27, 2025, with the announcement made on August 29, 2025 [1] Summary by Sections - **Employee Stock Ownership Plan Implementation** - As of September 29, 2021, the company’s 2021 ESOP, named "Xingzheng Asset Management Xinzong Spring Airlines No. 4 Employee Stock Ownership Single Asset Management Plan," purchased a total of 615,000 shares through block trading, accounting for 0.07% of the total share capital at that time, with a total transaction amount of 30,996,000 RMB and an average transaction price of 50.40 RMB per share [2] - As of the date of this announcement, all shares held under the 2021 ESOP have been sold, and the company will proceed with asset settlement and distribution as per the plan's agreements, leading to the termination of this ESOP [2]

Core Points - Spring Airlines announced the approval of the 2021 Employee Stock Ownership Plan (ESOP) during board meetings held on June 4 and June 25, 2021 [1] - The ESOP involved the purchase of 615,000 shares, representing 0.07% of the company's total share capital, with a total transaction amount of 30,996,000 RMB and an average price of 50.40 RMB per share [1] - As of the announcement date, all shares held under the 2021 ESOP have been sold, and the company will proceed with asset liquidation and distribution as per the plan's agreements, leading to the termination of the ESOP [1]