Haiqi Group announced that the company plans to acquire tax-free control of Sea Travel after divesting the Huating project through cash and/or asset payments. The transaction does not involve issuing shares or supporting capital raising, and the specific scope of assets has yet to be negotiated. In September 2024, the company reviewed and passed a bill making major adjustments to the original restructuring plan. According to Hainan Travel Investment's 2025 corporate bond annual report, the target company lost 146 million yuan after excluding the Huating project in 2025. Affected by factors such as intense competition in the duty-free market and slowing consumer demand, there is great uncertainty about the target company's subsequent performance improvement. There are major obstacles to the progress of this restructuring, and there is significant uncertainty about whether it can be finally implemented.

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