MEILAN AIRPORT AGM Endorses 2025 Reports, Confirms Zero Dividend and 20% Share Issue Mandate

Bulletin Express
May 21

Hainan Meilan International Airport Company Limited (MEILAN AIRPORT) reported that all items tabled at the 21 May 2026 annual general meeting were approved by poll.

Key resolutions and voting outcomes:

1. 2025 Board and Supervisory Committee work reports as well as audited financial statements received overwhelming support, each securing 354.68 million votes in favour, representing 99.94% of total votes cast.

2. The meeting confirmed that no final dividend will be distributed for the year ended 31 December 2025. The proposal was passed unanimously with 354.88 million votes.

3. Director and supervisor remuneration for 2026 was approved with identical 100.00% support.

4. Pan-China Certified Public Accountants LLP was re-appointed as auditor until the next AGM; 354.87 million shares (99.999%) backed the motion.

5. A special resolution granted the Board a 12-month general mandate to issue up to 20% of each of the Company’s share classes. The mandate received 304.99 million votes (85.94%) in favour and 49.88 million votes (14.06%) against.

Capital base and voting rights:

• Issued share capital eligible to vote comprised 226.91 million H Shares and 246.30 million Domestic Shares, totalling 473.21 million shares. • No shareholder was required to abstain from any agenda item, and no alternative proposals were submitted.

Governance attendance:

The meeting was chaired by Executive Director and Chairman Wang Hong. All three executive directors, one employee director and the full slate of non-executive and independent non-executive directors participated, either in person or via electronic means.

The approval of the zero-dividend stance preserves cash, while the refreshed issuance mandate provides flexibility to raise equity of up to 20% of current issued H and Domestic share capital within the next year, subject to regulatory compliance.

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