Cathay Pacific (CX, Hong Kong International) proposed a share capital reduction of HKD7 billion (USD890 million), aiming to offset a reduction in distributable reserves following the off-market buyback of 643,076,181 shares from Qatar Airways Group, which the airline completed on February 24, 2026. Upon completion, the share capital will decrease from HKD31.1 billion to HKD24.1 billion (from USD4 billion to USD3.1 billion). Cathay Pacific expects the increased distributable reserves will increase its flexibility with corporate actions, including in determining future dividends.