Hainan Airlines Holding(SH:600221) Zheng Quan Zhi Xing·2025-08-27 11:24Core Viewpoint - Hainan Airlines Holding Co., Ltd. is planning to acquire 100% equity of Hainan Tianyu Flight Training Co., Ltd. through cash payment, and an independent financial advisor has conducted a review of insider trading activities related to this transaction [1][2]. Group 1: Insider Information and Self-Examination Period - The self-examination period for insider information related to this transaction spans from December 6, 2024, to June 6, 2025 [2]. - The scope of the insider information review includes individuals and institutions involved in the transaction [2]. Group 2: Trading Activities of Individuals and Institutions - During the self-examination period, relevant individuals and institutions engaged in buying and selling Hainan Airlines stock, with specific details on cumulative shares bought and sold provided [3][4]. - Individuals involved in trading have stated that their actions were based on personal investment judgments and not related to the major asset restructuring [3][4]. Group 3: Compliance and Internal Controls - The independent financial advisor, China Galaxy Securities, confirmed adherence to legal regulations and internal policies, ensuring the integrity of the trading activities [4][5]. - The company has established strict information barriers to prevent insider trading and conflicts of interest [4][5]. Group 4: Conclusion of the Independent Financial Advisor - After thorough verification, the independent financial advisor concluded that the trading activities of the relevant individuals and institutions did not constitute insider trading and do not pose substantial legal obstacles to the transaction [5].