According to the Zhitong Finance App, Shenzhen International (00152.HK) announced that Shenzhen Airlines, the associated company of the company concerned, plans to increase its capital and shares in stages, totaling RMB 16 billion, and the Group has decided not to participate in the capital increase. Shenzhen Airlines has successfully introduced Shenzhen Kunhang Investment Partnership (Limited Partnership) as a new investor through public listing, and signed a capital increase agreement and related documents on December 18, 2025. According to this, Air China and Kunhang Investment will invest approximately RMB 2,082 billion and RMB 2 billion respectively to subscribe for the additional registered capital of Shenzhen Airlines. After the completion of the first phase of the capital increase, the Group's shares in Shenzhen Airlines will be diluted from 49% to about 28.09%. Air China and Kunhang Investment will hold 51% and about 20.91% of Shenzhen Airlines respectively. Shenzhen Airlines will continue to be the company's associated companies. Air China and Kunhang Investment will sign relevant agreements on subsequent capital increases in due course, and the Group's shares in Shenzhen Airlines are expected to be further diluted.

According to the Zhitong Finance App, Shenzhen International (00152.HK) announced that Shenzhen Airlines, the associated company of the company concerned, plans to increase its capital and shares in stages, totaling RMB 16 billion, and the Group has decided not to participate in the capital increase. Shenzhen Airlines has successfully introduced Shenzhen Kunhang Investment Partnership (Limited Partnership) as a new investor through public listing, and signed a capital increase agreement and related documents on December 18, 2025. According to this, Air China and Kunhang Investment will invest approximately RMB 2,082 billion and RMB 2 billion respectively to subscribe for the additional registered capital of Shenzhen Airlines. After the completion of the first phase of the capital increase, the Group's shares in Shenzhen Airlines will be diluted from 49% to about 28.09%. Air China and Kunhang Investment will hold 51% and about 20.91% of Shenzhen Airlines respectively. Shenzhen Airlines will continue to be the company's associated companies. Air China and Kunhang Investment will sign relevant agreements on subsequent capital increases in due course, and the Group's shares in Shenzhen Airlines are expected to be further diluted.