Spring Airlines: Major shareholder Chunqiu Travel proposes to buy back company shares with 300 million to 500 million yuan.

Spring Airlines announced that the company's controlling shareholder, China Spring Tour Group, proposed to repurchase company shares for 300-500 million RMB. The price range for repurchasing shares shall not exceed 150% of the average trading price of the company's stock in the 30 trading days prior to the board of directors' approval of the repurchase resolution.