HNA Holdings adds related-party transaction vote to shareholder meeting

Hainan Airlines Holding (HNA Holdings, SSE:600221) has added a proposal regarding significant related-party transactions to the agenda of its second extraordinary general meeting of 2025, scheduled for March 31. The proposal, initiated by shareholder Hainan Hanwei Investment, concerns the projection of approximately $1.18 billion (CNY 11.76 billion) in routine operational related-party transactions for fiscal year 2025. These transactions involve HNA Holdings and its subsidiaries, primarily with Hainan Hanwei Investment and its affiliates, for services including aircraft leasing, maintenance, and flight support. Shareholders will also vote on existing proposals related to aircraft leasing agreements with affiliated entities. The meeting will be held in person in Haikou, with online voting available. Related parties will recuse.