Hainan Airlines Holdings' subsidiary Beijing Xinhua Shunhang Trading Company has increased its capital to 2.2 billion, an increase of approximately 733,333%.

Tianyancha App shows that Beijing Xinhua Shunhang Trading Co., Ltd. recently underwent industrial and commercial changes, with Hainan Airlines Holding Co., Ltd. added as a shareholder. At the same time, its registered capital increased from 300,000 yuan to approximately 2.2 billion yuan, an increase of about 733,333%. The company was established in July 2010, with Wang Xin as its legal representative. Its business scope covers the sale of daily necessities, electronic products, decorative materials, hardware and electrical appliances, office equipment, clothing, shoes and hats, and home decoration. It is currently jointly held by China Xinhua Airlines Group Co., Ltd. and the above-mentioned new shareholder.