Hainan Airlines delays board re-election amid reform plans

Hainan Airlines Holding Co., referred to as "the Company," has announced the postponement of the re-election for its tenth Board of Directors and Supervisory Board. Both boards' terms are scheduled to expire on November 13, 2025. This decision is being made as the Company prepares for a comprehensive reform, including the proposed abolishment of the Supervisory Board and the transfer of its functions to the Board of Directors' Audit and Risk Committee, in line with the "Company Law" and related regulatory requirements.

The postponement is intended to ensure the continuity and stability of ongoing work, including the revision of supporting management systems. Consequently, the terms of the current directors, members of the Board's specialized committees, and senior management will be extended accordingly, as will the terms of the Supervisory Board members.

Hainan Airlines assures that this delay will not impact the Company's normal operations. All current directors, supervisors, and senior management will continue to fulfill their responsibilities and obligations as per national laws, regulations, and the Company's Articles of Association until the re-election and Supervisory Board reform are finalized. The Company is committed to actively advancing the re-election process and timely disclosing relevant information.