Hainan Airlines: Proposed change in the use of funds raised and the main implementer of some fundraising projects.

Hainan Airlines announced that the company held the nineteenth meeting of the third board of directors and the eighteenth meeting of the third board of supervisors on June 17, 2025, and approved the "Proposal on Changing the Use of Raised Funds and the Implementing Entity of Part of the Raised Fund Investment Projects". According to the proposal, the company changed the "introduction of 4 A320 series aircraft" to "introduction of 2 A320 series aircraft", and changed the implementing entity of the investment project from Hainan Airlines to its wholly-owned subsidiary Yunfei Aircraft Leasing Co., Ltd. At the same time, the company adjusted the originally planned investment of 487 million yuan for "purchase of 14 spare aircraft engines" to the project of "introduction of 5 C909 series aircraft". The revised investment amount for the project is 925 million yuan, accounting for 38.39% of the net raised funds. This change still needs to be reviewed by the company's shareholders' meeting.