Lucky Air: Shanghai Airlines intends to reduce its holding of company shares by no more than 1%.

Lucky Air announcement: Shareholder China Eastern Production Investment plans to reduce its holdings of the company's shares by no more than 21.84 million shares, which is less than 1% of the total share capital, through centralized bidding within 3 months after the disclosure date of this announcement, starting from 15 trading days. China Eastern Production Investment currently holds 13.35% of the company's shares, and the reason for the reduction is due to its own business arrangements and needs. The reduction price will be determined by the market price, and if there are any changes in the company's shares during the reduction period, the reduction quantity will be adjusted accordingly.