Hainan Airlines set for major share unlock on December 26, 2025

Hainan Airlines Holding Company Limited is preparing for the unlock and listing of 9,972,838,277 restricted shares on December 26, 2025. These shares originate from the company's 2022 non-public issuance, which was approved by the China Securities Regulatory Commission (CSRC) on December 16, 2022. The issuance involved Hainan Hanhui Investment Co., Ltd. subscribing to 9,972,838,277 yuan worth of A-shares, which were subject to a 36-month lock-up period.

The total number of shares to be released represents approximately 23.08% of Hainan Airlines Holding's current total share capital of 43,215,632,535 shares. CITIC Securities, as the sponsor, has confirmed that Hainan Hanhui Investment Co., Ltd. has fulfilled its commitment not to transfer the shares within the lock-up period.

Upon the lifting of these restrictions, the company's unlimited tradable shares will increase from 33,242,123,058 to 43,214,961,335, while limited tradable shares will decrease from 9,973,509,477 to 671,200. CITIC Securities has verified that this action complies with relevant regulations and that the information disclosed is accurate and complete.