On 22 October 2025, a possible mandatory general offer was announced regarding Hainan Meilan International Airport Co. Ltd. The Executive received a disclosure reflecting that CITIC Securities International Capital Management Limited transacted in derivatives linked to 6,000,000 reference securities on 21 October 2025, with a reference price of US$10.82 and a total transaction amount of US$64,920,000. These dealings included a variation of an existing derivative and the establishment of a new derivative contract with a maturity date of 10 March 2028.

Following these transactions, the resultant balance held by CITIC Securities International Capital Management Limited reached 11,463,000 shares of Hainan Meilan International Airport Co. Ltd. According to the disclosure, CITIC Securities International Capital Management Limited is a Class (6) associate connected with the offeree company and undertook these dealings for its own account. It is ultimately owned by CITIC Securities Company Limited.