Hainan Airlines shareholders approve major asset restructuring, new director

Hainan Airlines Holding Co., Ltd. announced the resolutions from its third extraordinary general meeting in 2025, held on September 8, 2025. Shareholders approved a major asset restructuring, which includes the acquisition of assets from related parties. Resolutions passed with significant majorities, with 88.7007% of shares approving the resolution on the validity period of the resolutions, and 88.7177% for the transaction agreements.

A key proposal, "About Providing Guarantees for Related Parties," also passed, with 61.7495% in favor and 38.0089% against, following the recusal of related shareholders. Additionally, shareholders approved the election of Mr. Li Duodu as a company director, and various related matters concerning the major asset restructuring, such as the transaction method, transaction target, pricing basis, and compensation arrangements for value impairment. Ernst & Young Hua Ming LLP (Shenzhen) verified the meeting's compliance.