Core Viewpoint - Hainan Airport Facilities Co., Ltd. has completed the acquisition of a controlling stake in Hainan Meilan International Airport Co., Ltd., marking a significant step in the integration of Hainan's airport operations and enhancing its position as an international aviation hub [1][2] Group 1: Acquisition Details - The company has acquired 23,750 million shares of Meilan Airport, resulting in a 50.19% ownership stake and control over the airport [1] - The share transfer process has been completed, and the company plans to advance the comprehensive offer related to this transaction [1] Group 2: Policy and Market Impact - The acquisition coincides with the historic full island closure of Hainan Free Trade Port, which began on December 18, 2025, and is expected to release various policy benefits that will enhance Hainan's attractiveness as an international tourism and aviation hub [2] - New policies such as duty-free shopping, the seventh freedom of the air, visa-free access for 86 countries, and tax incentives are anticipated to significantly boost passenger and cargo demand in the region [2] Group 3: Operational Synergies - Following the acquisition, Hainan Airport will unify the management of three major international airports: Haikou Meilan, Sanya Phoenix, and Qionghai Boao, creating a large airport operating group with an annual passenger throughput exceeding 50 million [2] - This consolidation is expected to enhance the company's competitiveness in route network planning, commercial resource development, and smart airport construction, positioning it to better capitalize on the growth opportunities arising from the full closure operations [2]