Zhuhai Wanhou Damei Enterprise Management Co., Ltd. intends to acquire the remaining 75.1% stake in Beijing Guosheng Property Management Co., LTD. from Hainan Airlines Holding Co.,Ltd. (SHSE:900945) for CNY 1.3 billion on July 6, 2019. Zhuhai Wanhou Damei Enterprise will pay CNY 1.76 per share. After the completion of the transaction, Hainan Airlines Holding will no longer hold stake in Beijing Guosheng Property Management. Transaction is subject to approval of shareholders of Hainan Airlines Holding. Transaction has been reviewed and approved during Hainan Airlines Holding's 47th session of the 8th Directorate meeting. Zhuhai Wanhou Damei Enterprise Management Co., Ltd. cancelled the acquisition of remaining 75.1% stake in Beijing Guosheng Property Management Co., LTD. from Hainan Airlines Holding Co.,Ltd. (SHSE:900945) on July 6, 2020.