Hainan Meilan International Airport : COURT RULING ON RESTRUCTURING OF THE CONTROLLING SHAREHOLDER

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Hainan Meilan International Airport Company Limited*

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 357)

COURT RULING ON RESTRUCTURING OF

THE CONTROLLING SHAREHOLDER

This announcement is made by Hainan Meilan International Airport Company Limited (the "Company") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong) (the "SFO").

On 15 March 2021, the Company received a notice from Haikou Meilan International Airport Company Limited ("Meilan Limited"), the controlling shareholder of the Company, regarding the court ruling on acceptance of the restructuring of Meilan Limited. As of the date of this announcement, based on the above information and as far as the Company is aware and since the Company has not yet received any notice on the change of controlling shareholder, the Company considers that the Company and its subsidiaries (the "Group") have independent and complete business and independent operation capabilities and the production and operation of the Group are normal.

The directors of the Company are of the view that, driven by many favorable policies including the construction of the Hainan Free Trade Port and the further opening of the off-shore duty-free policy, the business development prospects of the Group are promising. The Group will proactively take various measures to proceed with daily operations and maintain the stability of production and operation.

As there is uncertainty with the success of the restructuring of Meilan Limited, the Company will continue to pay attention to the progress of the above matters and fulfill its information disclosure obligations under the Listing Rules and the SFO in a timely manner.

* For identification purpose only

Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Hainan Meilan International Airport Company Limited*

Wang Zhen

Chairman

Haikou, the PRC

15 March 2021

As at the date of this announcement, the Board comprises of (i) five executive Directors, namely Mr. Wang Zhen, Mr. Wang Hong, Mr. Wang Hexin, Mr. Yu Yan and Mr. Xing Zhoujin; (ii) two non-executive Directors, namely Mr. Tu Haidong and Mr. Yuan Yubao; and (iii) four independent non-executive Directors, namely Mr. Deng Tianlin, Mr. Fung Ching, Simon, Mr. George F Meng and Mr. He Linji.

* For identification purpose only