Hainan Airport completes Meilan Airport acquisition, prepares mandatory offer

Hainan Airport Infrastructure Co., Ltd. (Hainan Airport) announced the completion of the share transfer for 237,500,000 domestic shares in Hainan Meilan International Airport Co., Ltd. (Meilan Airport). This transaction grants Hainan Airport a 50.19% stake in Meilan Airport, securing its controlling interest. The acquisition was valued at RMB 2,339,375,000, translating to RMB 9.85 per share.

The acquisition was initially approved at Hainan Airport's board and supervisory meetings on April 30, 2025, and by shareholders on June 27, 2025. Following this share transfer, Hainan Airport is preparing to launch a mandatory general offer for the remaining domestic shares of Meilan Airport at RMB 9.85 per share. Its wholly-owned subsidiary, Hainan Airport Infrastructure (Hong Kong) Co., Ltd., will make an offer for H-shares at HK$10.62 per share.

The company will maintain Meilan Airport's listed status and continue to monitor the transaction's progress, adhering to information disclosure requirements. Investors are advised to be aware of investment risks.