Shenzhen Airport takes control of express mail center, revamps ad contracts

Shenzhen Airport recently approved a series of significant operational and governance updates. Key among these is the acquisition of an additional 1% equity in Shenzhen Airport International Express Mail Customs Supervision Center Co., Ltd. for CNY 3,807,365. This transaction increases Shenzhen Airport's stake from 50% to 51%, granting it controlling interest and integrating the center into its consolidated financial statements. The acquisition aims to enhance business synergy and stabilize decision-making for express mail services.

The company also revised its advertising media operating contract, shifting from a "fixed amount" fee model to a "base operating fee + excess revenue sharing fee" model, with the base fee for the second year adjusted to CNY 361m (excluding tax). This change, effective from the second year of the original contract, is designed to foster a stable, high-quality partnership and mitigate risks in the evolving advertising market.

Furthermore, Shenzhen Airport has revised several internal governance documents, including the "Insider Information and Insider Management System" and "Investor Relations Management System." These updates reflect a commitment to strengthening regulatory compliance, improving operational efficiency, and enhancing investor protection.