Juneyao Group, the controlling shareholder of Juneyao Air, has completed the unpledging of 36.2 million shares and the pledging of 37.8 million shares, with a total pledge ratio of 72.52%.

MaticHoleFiller · 2026-03-18T09:36:06+00:00

Shanghai Juneyao Airlines' controlling shareholder Juneyao Group jointly pledged and re-pledged a portion of shares on March 11, with cumulative pledged shares of 692,800 shares. Within the next six months, pledged shares maturing total 359.3 million shares, with a financing balance of 3.037 billion yuan. The company stated that pledge risk is controllable and will not affect the stability of its main business operations and control rights.

MaticHoleFiller

2026-03-18 09:36:06

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Shanghai Juneyao Airlines Co., Ltd. (Stock Code: 603885, Stock Abbreviation: Juneyao Airlines) announced on March 14 that its controlling shareholder, Shanghai Juneyao (Group) Co., Ltd. (hereinafter referred to as “Juneyao Group”), recently completed partial share pledge releases and re-pledging operations. After this operation, Juneyao Group has pledged a total of 692.8 million shares, accounting for 72.52% of its holdings and 31.72% of the company’s total share capital.

The announcement shows that on March 11, 2026, Juneyao Group handled two transactions: first, releasing 36.2 million shares pledged to Shanghai Rural Commercial Bank Co., Ltd. Putuo Branch, representing 3.79% of its holdings; on the same day, it pledged 37.8 million shares to the same pledgee, representing 3.96% of its holdings, with a pledge period until March 12, 2029. The funds were used as “performance guarantees for Juneyao Group’s debts.”

Overview of Share Pledge Release

Shareholder Name	Shares Held (10,000 shares)	Shareholding Ratio	Shares Released (10,000 shares)	Percentage of Holdings	Percentage of Total Capital	Release Date	Pledgee	Remaining Pledged Shares (10,000 shares)	Remaining Pledged Shares as % of Holdings	Remaining Pledged Shares as % of Total Capital
Juneyao Group	9,553.52	43.74%	362.0	3.79%	1.66%	March 11, 2026	Shanghai Rural Commercial Bank Co., Ltd. Putuo Branch	6,550.0	68.56%	29.99%
Total	9,553.52	43.74%	362.0	3.79%	1.66%	-	-	6,550.0	68.56%	29.99%

Overview of Share Pledge

Shareholder Name	Is Controlling Shareholder	Pledged Shares (10,000 shares)	Is Restricted Stock	Additional Pledge	Pledge Start Date	Pledge Expiry Date	Pledgee	Shareholding Ratio	Total Capital Ratio	Purpose of Pledge
Juneyao Group	Yes	37.8	No	No	March 11, 2026	March 12, 2029	Shanghai Rural Commercial Bank Co., Ltd. Putuo Branch	3.96%	1.73%	Providing performance guarantees for debts of Juneyao Group
Total	-	37.8	-	-	-	-	-	3.96%	1.73%	-

Shareholder Pledged Shares Summary

As of the disclosure date, Juneyao Group and its concerted action partner, Shanghai Juneyao Airlines Investment Co., Ltd. (hereinafter “Juneyao Investment”), have pledged a total of 720.3 million shares, accounting for 72.65% of their combined holdings and 32.98% of the company’s total share capital. Details are as follows:

Shareholder Name	Shares Held (10,000 shares)	Shareholding Ratio	Pledged Shares Before Operation (10,000 shares)	Pledged Shares After Operation (10,000 shares)	Pledged Shareholding Ratio	Total Capital Ratio
Juneyao Group	9,553.52	43.74%	69,120	69,280	72.52%	31.72%
Shanghai Juneyao Airlines Investment	3,606.70	1.65%	27,50	27,50	76.25%	1.26%
Total	9,914.19	45.39%	71,870	72,030	72.65%	32.98%

The announcement also discloses the future debt repayment pressures of the controlling shareholder. Juneyao Group has 359.3 million pledged shares maturing within the next six months, corresponding to a financing balance of 3.037 billion yuan; within one year (including six months), pledged shares will total 594.7 million, with a financing balance of 4.886 billion yuan. Juneyao Investment has 27.5 million pledged shares maturing within one year, with a financing balance of 200 million yuan. The company states that Juneyao Group and Juneyao Investment are in good financial standing, capable of repayment through operating income, investment income, and stock dividends. The pledge risks are controllable, and there is currently no margin call risk.

Additionally, the announcement emphasizes that the controlling shareholder and its concerted action parties do not engage in non-operational capital occupation or illegal guarantees that harm the company’s interests. The pledge arrangements will not affect the company’s main business, governance structure, or control stability.

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