China Hainan Airlines (002928.SZ) plans to spend 80 million to 160 million yuan to implement a buyback.

Zhixin Finance APP news, Huaxia Airlines (002928.SZ) announced that the company plans to use its own funds and stock repurchase special loan funds to repurchase some of the company's publicly issued social shares (A shares in RMB) through centralized competitive bidding to be used for employee stock ownership plans or equity incentives. The amount of this repurchase shall not be 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 shall not exceed 6 months from the date of approval by the board of directors. The company has obtained a "Loan Commitment Letter" from Chongqing Branch of China CITIC Bank Co., Ltd., committing to provide the company with a stock repurchase special loan of up to RMB 144 million, with a loan term not exceeding 36 months and an annual interest rate of 1.80%.