Hainan Airlines Holding (600221.SH) plans to increase its capital by 750 million yuan for Hainan Airlines Cargo.

Hainan Airlines Holding (600221.SH) has announced that Hainan Airlines Cargo Co., Ltd. (referred to as "Hainan Cargo") plans to increase capital and expand shares to enhance its financial strength, optimize its asset-liability structure, and promote its business development. In order to seize the opportunity of growth in the air freight market and enhance strategic synergy with belly cargo agents, the company intends to inject 750 million yuan of its own funds into Hainan Cargo. Upon completion of this capital increase, the company will hold 16.2227% of the equity in Hainan Cargo.