China East Air(00670): Junyao Group plans to reduce its holdings of approximately 28.67 million A-shares.

China East Air (00670) announced that, due to the operational needs of Junyao Group, within 3 months after the disclosure of this announcement and 15 trading days later, Junyao Group intends to reduce its A-shares by up to 0.13% of the total share capital of the company through centralized auction trading and/or block trading, which is equivalent to approximately 28.6783 million shares. If there are any changes to the company's share capital during the implementation of the reduction plan, such as bonus shares, capital reserve conversion into share capital, or rights issue, the number of shares intended to be reduced will be adjusted accordingly (referred to as "this reduction plan"). As of the date of this announcement, Shanghai Junyao (Group) Co., Ltd. ("Junyao Group") holds 28.6784 million shares of the company, accounting for 0.13% of the total share capital. The above-mentioned shares were obtained from the company's non-public offering and have been released from restrictions on August 30, 2022.