China Eastern Airlines Corporation Limited released a circular outlining two key issues to be tabled at the 29 April 2026 extraordinary general meeting (EGM) in Shanghai:

1. Share Repurchase Plan • Size & Pricing: The board proposes to repurchase 100–200 million A shares—equivalent to 0.45%–0.91% of the current share capital—through centralized price bidding on the Shanghai Stock Exchange at no more than RMB5.00 per share. • Investment: Total outlay ranges from RMB0.50 billion to RMB1.00 billion, financed with self-raised funds. • Period & Execution: The buyback window will last up to 12 months following shareholder approval. All repurchased shares will be cancelled, reducing registered capital. • Capital Structure Impact: Assuming full execution, total shares outstanding would fall from 22.09 billion to between 21.99 billion and 21.89 billion. H-share free float (5.06 billion shares) remains unchanged, lifting the H-share proportion to 23.03%–23.13%. • Rationale: Management cites optimisation of capital structure and enhancement of market capitalisation management. The board asserts the proposed outlay represents 0.34% of total assets and 3.93% of current assets as at 31 December 2025, signalling limited balance-sheet impact.

2. Unrecovered Losses Exceeding One-Third of Paid-Up Capital • Scale of Losses: Audited accumulated losses stood at RMB59.66 billion as of 31 December 2025, surpassing one-third of the RMB22.09 billion paid-up share capital, triggering mandatory shareholder review under PRC Company Law. • Causes: Management attributes the deficit to historical factors despite 2025 operating profit improvements aided by steady recovery in China’s civil aviation market. • Remedial Actions: The carrier plans to (i) refine domestic and international route networks, (ii) strengthen hub operations in Shanghai, Beijing Daxing, Xi’an and Kunming, (iii) expand ancillary “aviation +” ecosystem revenues, (iv) enforce comprehensive cost-control measures, and (v) upgrade passenger service quality.

3. EGM Logistics • Date & Venue: 29 April 2026, 14:00, Eastern Air Hotel, Shanghai. • Agenda: Approval of the share repurchase proposal (special resolution) and acknowledgment of accumulated losses (ordinary resolution).

The board recommends shareholders vote in favour of both resolutions, noting that authorisations include discretion to adjust or terminate the buyback should market or regulatory conditions change.