Hainan Meilan International Airport Company Limited announced that with effect from 13 February 2026, Mr. Wang Hong, the chairman and president of the Company, has ceased to serve as the president of the Company, but he will continue to serve as the chairman of the Company. Mr. Wang has confirmed that he has no disagreement with the Board, and that there are no other matters relating to his resignation as the president that need to be brought to the attention of the Shareholders or the Stock Exchange. The Board has confirmed that there is no other matter relating to Mr. Wang's resignation as the president that needs to be brought to the attention of the Shareholders. The Board is also pleased to announce that Mr. Qiu Guoliang has been appointed as the president of the Company for a term commencing from 13 February 2026 and ending upon the expiry of the ninth session of the Board. Mr. Qiu Guoliang, aged 50, obtained a bachelor's degree from Nanjing University of Aeronautics and Astronautics in July 1997, majoring in air traffic management and dispatch. From December 1997 to October 2000, he successively served as the dispatcher and manager assistant of the flight planning office of the production operation centre of the flight affairs department of Hainan Airlines Holding Co. Ltd.("Hainan Airlines", a company listed on the Shanghai Stock Exchange (the "SSE"). From October 2000 to April 2003, he successively served as the operation command office director of the production operation and support centre, deputy manager and director of operation dispatch control office, and supervising director of the production operation control department of Chang'an Airlines Co. Ltd. From January 2002 to December 2002, he served as the general manager assistant of the branch flight department of HNA Group. From April 2003 to March 2004, he successively served as the supervising director, deputy director and deputy manager of the dispatch control centre of the operation control department of Hainan Airlines. From March 2004 to June 2011, he successively served as the manager of the command centre and reform assistant of the management reform office, the assistant to the chief operating officer and the vice president of the Company. From June 2011 to February 2012, he served as the executive vice president of Sanya Airport. From February 2012 to April 2017, he successively served as the vice president of HNA Airport Group, the general manager of HNA Infrastructure Industry, the vice president of HNA Industry Holdings (Group) Co. Ltd., the vice president of Hainan International Tourism Island Development and Construction Group Co. Ltd. and the chief security officer of HNA Infrastructure Industry. From April 2017 to August 2018, he also served the chairman of Tianjin Northern Petroleum Co. Ltd. and the operating president of Hy Energy Group Co. Ltd. ("Hy Energy") (a company formerly listed on the SSE and now delisted, stock code: 600387), respectively. From August 2018 to December 2020, he served as the operating president, president and chairman of Hy Energy. From December 2020 to August 2021, he served as the deputy general manager of Hainan Island Commercial Management Co. Ltd. From August 2021 to June 2022, he served as the vice president of Haikou Meilan. From March 2022 to April 2023, he served as a non-executive Director. Since December 2021, he has been serving as the chairman of Hainan Meiya Industrial Co. Ltd. From June 2022 to September 2023, he also served as a member of the party committee of Haikou Meilan. He has also been serving as the president of Haikou Meilan since June 2022, and the deputy secretary of the party committee of Haikou Meilan since September 2023.Mr. Qiu was subject to a series of regulatory actions relating to his roles at Hy Energy. On 24 June 2020, the Zhejiang Regulatory Bureau under the China Securities Regulatory Commission (the "CSRC") issued a regulatory warning letter (Decision No. [2020]51) to Hy Energy, Mr. Qiu and other responsible persons as Hy Energy provided guarantees totaling RMB1.7308 billion to Hy Energy's controlling shareholder and related parties without obtaining the required approvals and without making timely disclosure, in violation of the relevant provisions of the Measures for the Administration of Information Disclosure by Listed Companies . Mr. Qiu served as the chairman and general manager of Hy Energy at the relevant time. On 18 October 2022, the CSRC issued its Administrative Penalty Decision (Decision No. [2022]58) against Hy Energy and various responsible individuals, including Mr. Qiu, confirming Hy Energy's failure to disclose non-operating related-party transactions totaling RMB 1.9827 billion, which violated the applicable PRC securities laws. Mr. Qiu, as the then chairman and general manager of Hy Energy, received a formal warning and a fine of RMB 700,000. Subsequently, on 28 October 2022, in respect of (among others) the above non-compliance, the SSE issued Disciplinary Decision (Decision No. [2022]156) against Hy Energy and the relevant persons. Mr. Qiu, due to his capacity as the chairman and general manager, was publicly censured by the SSE. The Company proposes to make certain amendments to the Articles of Association, the Rules of procedures of General Meetings and the Rules of Procedures of the Board. Such amendments includes the cancellation of the Supervisory Committee. In accordance with the provisions of the new Company Law of the People's Republic of China regarding the cancellation of the Supervisory Committee, and in consideration of the Company's actual circumstances, the Company will no longer establish the Supervisory Committee nor have Supervisors. The Audit Committee shall exercise the functions and powers of the supervisory Committee as stipulated by laws and regulations, and the Articles of Association and other relevant rules will be amended accordingly. The Rules of Procedures of the Supervisory Committee and other corporate governance policies in relation to the Supervisory Committee will be simultaneously abolished after the amendments to the Articles of Association become effective, and the current Supervisors will no longer serve as
Supervisors after the amendments to the Articles of Association become effective.