Baiyun Airport completes private placement, cancels shareholder meeting

Guangzhou Baiyun International Airport Company Limited (Baiyun Airport) has completed a private placement of 210,526,315 A-shares to its controlling shareholder, Airport Group, at a price of CNY 7.60 per share. This issuance raised a total of CNY 1,599,999,994.00, with net proceeds of CNY 1,592,859,874.82 after deducting issuance expenses. The shares are subject to an 18-month lock-up period.

The issuance process, including internal and regulatory approvals, was deemed compliant by lead underwriter China International Capital Corporation Limited. Airport Group's funds for the subscription were confirmed to be from its own or legally raised sources, without reliance on external financing or related party arrangements.

Following the successful conclusion of this private placement, Baiyun Airport announced the cancellation of its second extraordinary general meeting originally scheduled for December 24, 2025. The meeting, which aimed to extend the validity of shareholder resolutions and related authorizations for the issuance, is no longer necessary as the transaction has been completed.