Hainan Airlines Holdings: Nearly 1 billion restricted shares from the 2022 private placement will be unlocked in December 2025.

Hainan Airlines Group announced that in 2022, the company privately issued 9,972,838,277 shares to Hainan Hanwei Investment Co., Ltd., with a lock-up period of 36 months. The lock-up period is about to expire, and the restricted shares will be listed and traded on December 26, 2025, accounting for 23.08% of the total share capital. After the restricted shares are listed and traded, there will be 671,200 shares remaining with restricted conditions, and the shares with unrestricted conditions will increase to 43,214,961,335 shares. The total share capital remains unchanged at 43,215,632,535 shares. China CITIC Securities has no objection to the lifting of the lock-up period for the restricted shares after verifying.