Core Viewpoint - Hainan Airport Facilities Co., Ltd. is transferring 100% equity of Hainan Tianyu Flight Training Co., Ltd. to Hainan Airlines Holding Co., Ltd. for a price of RMB 799.07 million as part of its strategic plan to focus on its core airport business and optimize resource allocation [1][2][3] Transaction Overview - The transaction involves Hainan Airport's wholly-owned subsidiary, Hainan Airport Development Industry Group Co., Ltd., selling its entire stake in Hainan Tianyu Flight Training Co., Ltd. to Hainan Airlines Holding Co., Ltd. for RMB 799.07 million [1][2] - The transfer is aimed at aligning with the company's overall strategic planning and resource optimization [2][3] Supplementary Agreement Details - A supplementary agreement was signed to adjust the transaction plan, which includes provisions for impairment testing and compensation arrangements for the target company, as well as additional agreements regarding transitional profit and loss [2][3] - The supplementary agreement was approved by the company's board and does not require shareholder approval [2][3] Impairment Testing and Compensation - The agreement stipulates that an accounting firm will conduct an impairment test on the target company, with the impairment amount calculated based on specific criteria outlined in the agreement [3][4] - The results of the valuation report will be used to determine any necessary compensation within 60 working days after the impairment report is issued [4] Financial Reporting - The financial statements of the target company will be prepared based on the accounting policies unified by the acquirer [5]