Hainan Airlines shareholders approve related-party transactions at EGM

Hainan Airlines Holding Co., Ltd. announced that its 2025 fourth extraordinary general meeting (EGM), held on October 20, 2025, approved two significant resolutions. Shanghai Dentons (Shenzhen) Law Offices provided a legal opinion confirming the meeting's compliance. The EGM, convened by the company's board of directors and presided over by director and chief financial officer Li Doudou, saw 4,352 shareholders and proxies participate, representing 13.0915% of total voting shares.

The first resolution, "Proposal on Waiving the Right of First Refusal for Equity in an Associate Company and Related-Party Transaction," passed with 61.5500% of votes in favor, including 3,482,243,491 A-shares and 91,300 B-shares. The second resolution, "Proposal on Adjusting the Estimated Amount of Routine Production Related-Party Transactions for 2025," also passed, receiving 94.7256% of votes in favor, totaling 3,365,570,992 shares.

Associated shareholders, including Hainan Hanwei Investment Co., Ltd. and American Aviation LDC., abstained from voting on both resolutions due to their related-party nature. The legal opinion confirmed that the EGM's convocation, convening process, attendee qualifications, and voting procedures were in accordance with relevant laws and regulations.