China Express Airlines (002928.SZ) plans to spend 80 million to 160 million yuan on a share buyback.

China Express Airlines (002928.SZ) announced that the company plans to use its own funds and special loans to repurchase a portion of the company's publicly issued shares (A-shares) through centralized competitive bidding, for use in employee stock ownership plans or equity incentives. The repurchase amount will be no less than RMB 80 million and not more than RMB 160 million, with a repurchase price not exceeding RMB 13.54 per share. The repurchase period will last for no more than 6 months from the date of approval by the board of directors. The company has obtained a "Loan Commitment Letter" from CITIC Bank Limited Chongqing Branch, committing to provide the company with a special loan for stock repurchase of up to RMB 144 million, with a loan term not exceeding 36 months and an annual interest rate of 1.80%.