Group 1 - The core point of the article is that Hainan Airlines plans to acquire 100% equity of Hainan Tianyu Flight Training Co., Ltd. for 799.07 million yuan, marking a significant asset restructuring in the aviation sector following the new "National Nine Articles" policy [7][9][13] - The acquisition is expected to enhance Hainan Airlines' core competitiveness and operational efficiency by integrating flight training services into its business model, thereby reducing training costs for pilots and crew members [9][14] - The transaction price reflects a 34.37% increase over Tianyu's net asset value of 595 million yuan as of the end of 2024, indicating a strategic investment in a key asset within the aviation training industry [9][14] Group 2 - Hainan Airlines will also increase capital in its subsidiary HNA Technology, with Hainan Airlines contributing approximately 1.736 billion yuan and Hainan Airport contributing about 814 million yuan, raising HNA Technology's registered capital to approximately 5.019 billion yuan [7][9] - The acquisition is seen as a return of ownership, as Tianyu was previously sold to Hainan Airport, which is controlled by the Hainan State-owned Assets Supervision and Administration Commission [8][10] - The deal is positioned as a response to the recovery of the civil aviation market post-pandemic, with Tianyu's business stability and profitability expected to improve, thus contributing positively to Hainan Airlines' overall financial performance [11][14]

海南航空控股股份有限公司董事会 关于本次重大资产重组摊薄即期回报情况及填补措施 的说明 海南航空控股股份有限公司（以下简称"公司"或"上市公司"）拟以支付现金 的方式购买海南空港开发产业集团有限公司持有的海南天羽飞行训练有限公司（以下 简称"天羽飞训"）100.00%股权（以下简称"本次交易"）。本次交易构成重大资产重 组，不构成重组上市。 本次交易完成后，预计本次交易后不存在即期回报被摊薄的情形。从长远角度来 看，本次交易有利于提高公司的综合能力和持续经营能力，有助于公司每股收益的提 升。但若未来上市公司业绩未达预期，公司未来每股收益可能存在一定幅度的下滑， 导致公司的即期回报被摊薄。为降低本次交易实施后可能对公司即期回报的摊薄，公 司拟采取多种措施提高对股东的即期回报，具体如下： （1）加强经营管理，提升运营效率 本次重组完成后，上市公司将飞行训练业务纳入合并范围内，航空产业链条进一 步完善。上市公司将从整体战略发展规划出发，通过对相关企业组织机构、财务管理、 业务营运、内部控制等方面的整合，进一步完善管理体系和制度建设，健全激励与约 束机制，提升整体竞争实力，从而提升公司盈利能力。 为保障公司中小投资者 ...