Hainan Airlines to release 10bn restricted shares in December 2025

Hainan Airlines Holding Co., Ltd. (HNA) announced the upcoming release of 9,972,838,277 non-publicly issued restricted shares. These shares will become freely tradable on December 26, 2025. Constituting 23.08% of the company's total share capital, these shares were acquired by Hainan Hanwei Investment Co., Ltd. through a private placement and were subject to a 36-month lock-up period following their registration on December 23, 2022.

The release of these shares will result in a significant shift in the company's share structure. Post-release, the number of limited-sale tradable shares will decrease from 9,973,509,477 to 671,200, while unlimited-sale tradable shares will increase by 9,972,838,277 to a total of 43,214,961,335. The total share capital of 43,215,632,535 will remain unchanged.

Hainan Hanwei Investment Co., Ltd. has fulfilled its commitment regarding the lock-up period, and the company confirmed no related-party fund occupation. The release of these shares aligns with regulatory requirements, as affirmed by independent verification from the financial intermediary.