HNA infrastructure subsidiary sells Sanya airport economic zone stake

Hainan Island Construction, a wholly-owned subsidiary of Hainan Airport Infrastructure, is set to divest 90% of its equity in Sanya Airport Economic Zone Infrastructure Construction for 499,885,552.14 yuan. This transaction, approved by the board of directors and the Hainan Provincial State-owned Assets Supervision and Administration Commission, will result in Sanya Airport Economic Zone Infrastructure no longer being consolidated into Hainan Airport Infrastructure’s financial statements, aligning with the company's strategic focus on its core airport business.

This divestment is part of Hainan Airport Infrastructure’s "2025 'Quality Improvement and Increased Returns' Action Plan," which emphasizes optimizing asset structure and enhancing asset quality. The company anticipates an investment gain of approximately 200 million yuan from this equity transfer, contributing to its goal of improving overall operational efficiency and strengthening its core competitiveness.

The transfer will reduce the company's exposure to non-core assets, supporting its "de-real estate" strategy to shift towards a lightweight asset operating model. Concurrently, Hainan Airport Infrastructure is pursuing the acquisition of Hainan Meilan International Airport controlling stake, further consolidating its airport operating segment and expanding its revenue base within the civil aviation sector.