Before the closing bell this morning,HNA Holdings (600221) hit the upper limit of the trading range,and just a week prior,HNA Holdings had reached the delisting red line of 1 yuan due to continuous decline.

Today's surge is related to several announcements made by HNA Holdings last night.One of the announcements revealed plans to increase holdings in the company's B shares.

The announcement showed that,based on a firm belief in the company's good development prospects and full recognition of the company's long-term investment value,on June 28,HNA Holdings' shareholder and person acting in concert,American Aviation,increased its B share holdings by 2,566,204 shares through a centralized competitive trading method.

In addition,American Aviation plans to continue to increase its B share holdings in the company through the centralized competitive trading system of the Shanghai Stock Exchange within six months starting from June 28,2024.The amount of increased shares will not be less than $5 million and not more than $10 million (including the amount increased on June 28,2024).

The announcements made by HNA Holdings this time are considered to be a series of self-help measures by HNA and its major shareholders as they approach the delisting red line.

Since June,the stock of HNA Holdings has continued to decline,with a monthly drop of 25% in June,the largest monthly drop since September 2015.

On the last trading day of June 28,HNA Holdings' A shares fell by 6.42%,once dropping to 1 yuan during the trading session,while the B shares had already closed below 1 yuan for seven consecutive days.

According to relevant regulations,companies listed with both A and B shares,if the closing prices of A and B shares are below 1 yuan for 20 consecutive trading days,will trigger mandatory delisting.Therefore,HNA Holdings chose to start self-help with B shares first.

In the afternoon of June 28,when the market opened,HNA B shares were still on the limit-down board,but they rebounded at 1:49 PM and closed at the upper limit,with a closing price of $0.138,higher than the delisting red line of 1 yuan.According to the latest announcement from HNA Holdings,the recent conversion of the ground-to-sky board is significantly related to the increase in B-share holdings,which also implies that HNA's "delisting defense battle" has chosen the "main battlefield" in B-shares,with plans to continue to increase holdings by up to $10 million in the future.

Following the release of HNA's "self-help" announcement,A-shares also turned red after the market opened today and hit the daily limit before the morning session closed.HNA Holdings' B-shares,on the other hand,hit the daily limit as soon as the market opened.

In addition to the self-help announcement,HNA Holdings also released several announcements related to business development,including the establishment of Hainan HNA Youxuan Business Co.,Ltd.with its indirect controlling shareholder,HNA Aviation Group,to carry out internet live broadcasting,sales,and other businesses.

The announcement stated that the establishment of the joint venture is beneficial for the company to fully explore its resource potential,enhance the sales of tickets and ancillary products through the construction of a live broadcasting platform,and expand the business scope using the platform to create new profit growth points for the company.

According to the reporter's understanding,HNA's new boss,Fang Wei,has recently mentioned in internal speeches the importance of vigorously developing the live broadcasting business."The e-commerce live broadcasting platform is not just about selling tickets; the entire platform needs to grow.We should introduce some popular hosts from outside Hainan Island,hire more people,and be willing to pay more.At the same time,we should sell products that can be sold online globally,revolve around the Hainan Free Trade Port,and extend to logistics and other supporting services."

In response to the previous continuous decline in stock prices,HNA Holdings once responded on the investor interaction platform that the stock prices in the secondary market are influenced by many complex factors,including the macroeconomic environment,domestic and foreign industrial policies,overall market trends,industry situations,investor psychological expectations,and the company's operating performance.The company will continue to focus on its main business operations,ensure aviation safety production and operation,continuously improve service quality,develop a rich array of aviation products,and enhance the company's core competitiveness and brand competitiveness.The company will also continue to improve its standard governance level,strengthen communication with investors,continuously enhance the company's transparency,and ensure the sustainable and healthy development of the enterprise.On this basis,the company will carry out value management in accordance with laws and regulations,striving to bring better returns to a wide range of investors.