Hainan Airlines Technology: Subsidiary Companies to Increase Capital of 600 Million Yuan for Business Development.

Hainan Airlines Technology announced that on March 20th, the company held a board meeting to approve the proposals for Hainan Dahao Maritime and Hainan Shengwu Investment, subsidiaries of the company, to increase their capital by 500 million yuan and 100 million yuan respectively. The capital increase for Hainan Dahao Maritime will be used for updating and expanding vessel capacity, while the capital increase for Hainan Shengwu Investment will be used for investment management business. This capital increase will be funded by the company's own cash resources and does not require shareholder approval, it is not considered a related party transaction or a major asset restructuring. The operating performance of the subsidiary companies may be impacted by various factors after the capital increase, leading to uncertainties and risks.