Hainan Airlines Technology Co., Ltd. plans to repurchase B-shares worth 600,000-1,200,000 US dollars.

Hainan Airlines Technology announced that the company plans to repurchase foreign shares of domestically listed companies through centralized competitive bidding, with a repurchase amount of 600,000 to 1.2 million US dollars. The funds will come from self-owned or special loans from financial institutions, with a maximum price of 0.287359 US dollars per share. The repurchase period will not exceed 3 months from the approval of the Board of Directors, and it is expected to repurchase 2.088 to 4.176 million shares, accounting for 0.07% to 0.14% of the total shares outstanding. The repurchased shares will be cancelled. In addition, the company plans to repurchase A shares worth 90 million to 180 million yuan within 12 months for employee stock ownership or incentives. Furthermore, major shareholders do not have any plans to reduce their holdings in the next 3 to 6 months. This repurchase carries risks such as price, trading, and approval.