Guolonghui November 12th China Express Airlines (002928.SZ) announced that on November 12, 2024, the company received the Confirmation of Securities Transfer Registration issued by the Shenzhen Branch of China Securities Depository and Clearing Corporation, stating that the company repurchased 4,630,299 shares of company stock held by the repurchase special securities account had been transferred to the "China Express Airlines Co., Ltd. - 2024 Employee Stock Ownership Plan" securities special account in a non-trading transfer form on November 11, 2024, accounting for approximately 0.3622% of the company's current total share capital, with a transfer price of 2.82 yuan per share. After the completion of this non-trading transfer, the remaining number of company shares in the repurchase special securities account is 0 shares. The actual use of the repurchased shares is consistent with the intended use of the repurchase plan.
According to the relevant regulations of this Employee Stock Ownership Plan, the term of this Employee Stock Ownership Plan shall not exceed 36 months, calculated from the date when the last target stock is transferred to the Employee Stock Ownership Plan under the company's announcement. The target stocks obtained by this Employee Stock Ownership Plan are unlocked in two phases, with unlocking points at 12 and 24 months respectively from the date when the last target stock is transferred to the Employee Stock Ownership Plan, with each unlocking phase accounting for 50% of the target stocks.
