Hainan Airlines Holding Co.,Ltd. (SHSE:900945) agreed to acquire an additional 8.55% stake in Tianjin Airlines Co., Ltd. from Tianjin Chuangxin Investment Partnership Enterprise (Limited Partnership) for CNY 1.1 billion on December 13, 2018. Following completion, Hainan Airlines Holding Co.,Ltd. will hold 95.82% stake in Tianjin Airlines Co., Ltd. The transaction is subject to approval of the shareholders of Tianjin Airlines Co., Ltd. and regulatory approvals. As of December 13, 2018, the transaction was approved by the Board of Directors of Hainan Airlines Holding Co.,Ltd. in 37th meeting of 8th directorate. On December 28, 2018, the shareholders of Hainan Airlines Holding Co.,Ltd. approved the transaction. Hainan Airlines Holding Co.,Ltd. (SHSE:900945) cancelled the acquisition of an additional 8.55% stake in Tianjin Airlines Co., Ltd. from Tianjin Chuangxin Investment Partnership Enterprise (Limited Partnership) on December 13, 2019.