HNA Holdings subsidiary boosts capital by over 2.4bn yuan

Hainan Airlines Holding Co., Ltd. (HNA Holdings) and non-related party Hainan Airport Development Industrial Group Co., Ltd. (Hainan Airport) have completed a proportional cash capital increase for their jointly owned subsidiary, HNA Aviation Technology Co., Ltd. The total investment amounted to 2,401,610,336.17 yuan. HNA Holdings contributed 1,634,764,147.78 yuan, with 815,844,386.17 yuan allocated to registered capital and 818,919,761.61 yuan to capital reserve. Hainan Airport invested 766,846,188.39 yuan, allocating 382,701,785.27 yuan to registered capital and 384,144,403.12 yuan to capital reserve.

Following the capital increase, HNA Aviation Technology's registered capital increased from 3,746,172,200.00 yuan to 4,944,718,371.44 yuan. The equity ownership structure remains unchanged, with HNA Holdings holding 68.0695% and Hainan Airport holding 31.9305%. The transaction was approved by HNA Holdings' board of directors and an extraordinary general meeting.

The capital increase has led to a significant improvement in HNA Aviation Technology's financial health, with its asset-liability ratio decreasing by approximately 27.91 percentage points from the beginning of 2025 to roughly 71.59%. The company has completed the industrial and commercial registration procedures for this capital change.