Core Viewpoint - Hainan Airport Facilities Co., Ltd. has completed all prerequisite conditions for the acquisition of controlling interest in Meilan Airport, enabling the company to proceed with the transaction as planned [2][3]. Group 1: Transaction Details - The acquisition involves purchasing 23.75 million domestic shares of Meilan Airport, representing 50.19% of its total share capital, using self-owned and/or self-raised funds [2]. - The transaction has received necessary approvals from the National Development and Reform Commission, Ministry of Commerce, and the State Administration of Foreign Exchange [2]. Group 2: Strategic Implications - Upon completion of the transaction, Hainan Airport will unify the management of three major international airports in Hainan: Haikou Meilan, Sanya Phoenix, and Qionghai Boao, creating a large airport operation group with an annual passenger throughput exceeding 50 million [3]. - The company aims to enhance operational efficiency and service quality, leveraging the upcoming full closure operation of Hainan Free Trade Port to create greater value for investors [3]. Group 3: Market Context - The current tourism season in Hainan is experiencing strong growth, with daily passenger traffic at the three airports exceeding 140,000, indicating Hainan's strong appeal as a tourist destination [3]. - Preparations for the full closure operation of Hainan Free Trade Port are in the final stages, positioning Hainan Airport as a key transportation hub and service window for the region [3].