Baiyun Airport completes share issuance, raises 1.6bn yuan to boost capital

Guangzhou Baiyun International Airport Company Limited has completed a targeted share issuance of 210,526,315 A-shares to its controlling shareholder, Guangdong Airport Management Group Co., Ltd. The issuance was priced at 7.60 yuan per share, raising a total of 1,599,999,994.00 yuan. After deducting issuance expenses, the net proceeds amounted to 1,592,859,874.82 yuan. The proceeds will be allocated to increase share capital by 210,526,315.00 yuan and capital reserves by 1,382,333,559.82 yuan.

The issuance received all necessary internal approvals and regulatory clearances, including approval from the China Securities Regulatory Commission (CSRC) and the Shanghai Stock Exchange. The controlling shareholder's newly acquired shares will be subject to an 18-month lock-up period, ensuring compliance with relevant regulations. This capital infusion is expected to improve the company's asset structure, reduce its debt-to-asset ratio, and enhance its overall financial stability.

In light of the successful completion of the share issuance, the company has canceled its Second Extraordinary General Meeting originally scheduled for December 24, 2025, as the resolutions related to the capital increase are no longer necessary. A dedicated fundraising account has been established with Agricultural Bank of China Guangzhou Baiyun Branch, with the funds primarily earmarked for supplementing working capital.