Hainan Haiqi Transportation Group Co., Ltd. announced the progress of major asset restructuring. The company plans to acquire tax-exempt control of Sea Travel after divestment of the Huating project through cash and/or asset payments. It does not involve issuing shares or supporting capital raising; the specific scope of assets is subject to negotiation. The original restructuring plan planned to issue shares and raise capital, and major adjustments were made in September 2024. Since the adjustment, the company has continued to disclose progress. Affected by intense competition in the domestic duty-free market and slowing consumer demand, etc., the target company's performance fell short of expectations, and the company is still repeatedly arguing and negotiating with various parties. The transaction plan is subject to decision-making and approval procedures. There is significant uncertainty about the final implementation, and the company will promptly disclose the information in accordance with the regulations.

Hainan Haiqi Transportation Group Co., Ltd. announced the progress of major asset restructuring. The company plans to acquire tax-exempt control of Sea Travel after divestment of the Huating project through cash and/or asset payments. It does not involve issuing shares or supporting capital raising; the specific scope of assets is subject to negotiation. The original restructuring plan planned to issue shares and raise capital, and major adjustments were made in September 2024. Since the adjustment, the company has continued to disclose progress. Affected by intense competition in the domestic duty-free market and slowing consumer demand, etc., the target company's performance fell short of expectations, and the company is still repeatedly arguing and negotiating with various parties. The transaction plan is subject to decision-making and approval procedures. There is significant uncertainty about the final implementation, and the company will promptly disclose the information in accordance with the regulations.