Hainan Meilan International Airport Company Limited to Hold Extraordinary General Meeting: Key Governance Changes Proposed

Hainan Meilan International Airport Company Limited (Stock Code: 357) has announced that it will convene an Extraordinary General Meeting (EGM) on Wednesday, 22 April 2026, at 10:00 a.m. The meeting is set to take place at the company’s office on the 3rd Floor, Office Building of Meilan Airport, Haikou City, Hainan Province, PRC.

Key Resolutions to Be Considered at the EGM

• Appointment of New Directors:
  • Mr. Qiu Guoliang is proposed for appointment as Executive Director. The Board seeks authorization for the chairman or any executive director to execute his service contract and related documents.
  • Mr. Xiang Xiujin, Mr. Ya Zhihui, and Mr. Zhou Peng are each proposed as Non-Executive Directors, with similar authorization for their contracts and documentation.

  These board changes could impact company strategy and governance, making this a potentially price-sensitive development for shareholders.

• Proposals by Major Shareholders:
  • Shareholders holding at least 1% of voting shares have the right to put forward proposals at the meeting. This grants substantial influence to significant shareholders, and any surprise proposals could impact the share price.
• Major Amendments to Corporate Governance Structure:
  • Amendments to the Articles of Association and Cancellation of the Supervisor Committee: The company proposes to eliminate the Supervisor Committee, pending shareholder approval. This is a potentially significant governance change and may affect oversight functions, which could be material to investors.
  • Amendments to the Rules of Procedures of General Meetings and Board Meetings: The company also seeks approval for changes to meeting procedures and authorizations for the Board chairman to complete all related regulatory filings and documentation. These changes will enable the company to adapt its governance more flexibly in line with regulatory guidance.

Important Information for Shareholders

• Share Registration and Voting:
  • The register of members will be closed from Thursday, 2 April 2026 to Wednesday, 22 April 2026. No share transfers will be registered during this period.
  • Only shareholders registered as of 2 April 2026 are eligible to attend and vote at the EGM. Transfers must be lodged by 1 April 2026, 4:30 p.m. at the company’s share registrar or the secretary’s office.
  • Shareholders can appoint proxies to attend and vote on their behalf. Proxy forms and required authorizations must be delivered at least 24 hours before the EGM.
• Voting Method: All resolutions at the EGM will be decided by poll, as mandated by the Hong Kong Stock Exchange rules. This ensures transparency in the voting process.
• Logistics: The EGM is expected to last no more than one day. Shareholders and proxies are responsible for their own travel and accommodation.

Potential Price-Sensitive Developments

• Director Appointments: Changes in the Board composition, especially the addition of new executive and non-executive directors, could signal strategic adjustments or new directions for the company.
• Cancellation of the Supervisor Committee: The proposal to remove this oversight body may be viewed as a significant change in corporate governance, impacting market perceptions of checks and balances within the company.
• Amendments to Key Governance Documents: Changes to the Articles of Association and meeting procedures could affect how the company operates and responds to regulatory requirements.
• Shareholder Proposals: The possibility for major shareholders (with at least 1% holdings) to introduce new proposals at the EGM adds an element of uncertainty, as any significant motions could materially affect company operations or strategy.

Summary

The upcoming EGM of Hainan Meilan International Airport Company Limited presents several important governance changes and director appointments that could influence the company’s direction and share value. Investors should closely monitor the outcomes of this meeting, as the cancellation of the Supervisor Committee and the appointment of new directors are significant events that may affect the company’s governance and risk profile.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should exercise their own judgment and consult with their financial advisors before making investment decisions. The information is based on public disclosures by Hainan Meilan International Airport Company Limited and may be subject to change.

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