Hainan Airport plans to acquire a 50.19% stake in Meilan Airport for 2.339 billion yuan.

Hainan Airport announced on the evening of April 30th that it plans to acquire 2.38 billion domestic shares of Hainan Meilan International Airport Co., Ltd. held by its related party Meilan Limited, with a transaction price of 2.339 billion yuan, equivalent to 9.85 yuan per share. After the transaction is completed, the company will hold 50.19% of Meilan Airport's shares, becoming the controlling shareholder of Meilan Airport. According to relevant regulations, the company will act as the domestic stock tender offeror for all domestic shares of Meilan Airport and its wholly-owned subsidiary Hainan Airport Facilities Limited will act as the H-share tender offeror for all H shares issued by Meilan Airport. This comprehensive tender offer is intended to maintain Meilan Airport's listing status, with the H-share tender offer price equivalent to 10.62 Hong Kong dollars per share.