According to the Zhitong Finance App, China Airlines (03931) issued an announcement. On October 14, 2026, the company successfully bid for the shares of the subject sold by the auctioneer, Wuhan Economic Development Investment Co., Ltd., in a public tender held at the Beijing Equity Exchange (Beijing Stock Exchange). According to this, the company signed a property rights transaction contract with the seller and will purchase the underlying shares at a cash cost of RMB 692 million.
“Underlying equity” refers to 8.4958% of the shares of Innovation Aviation Technology (Wuhan) Co., Ltd. in the target company to be acquired by the company under the property rights transaction contract. After the acquisition is completed, the company's shares in the target company will increase from 59.3155% to 67.8113%, and the target company will continue to be a non-wholly-owned subsidiary of the company.
China Innovation Aviation Technology (Wuhan) Co., Ltd. is a limited liability company established under Chinese law. It is mainly engaged in R&D, production, sales and market application development of lithium batteries, battery management systems and related integrated products.
As a subsidiary of the Group, the Wuhan Company's operating income has continued to grow steadily in recent years, with good profitability and a manageable balance ratio. Based on good expectations for the development of the Wuhan company, the company participated in a public tender, and the completion of this acquisition will further increase the company's shareholding ratio in the Wuhan company.