Beijing Capital International Airport Company (00694.HK) (Beijing Airport) and Airport City Development Co., Ltd (ACL) have signed the assets compensation agreement, whereby Beijing Airport agreed to transfer assets to ACL for RMB268 million.

In addition, Beijing Airport and Beijing Aviation Construction have entered into the de-icing facilities reconstruction contracting services agreement for the provision of reconstruction contracting services for the reconstruction of de-icing apron and relevant de-icing facilities at the south-end of the central runway of the Beijing Capital International Airport.

The assets comprise all objects, underground fundamental infrastructures, roads, etc and all ancillary machinery and facilities of the temporary warehouse erected a parcel of land whose land use rights were held by ACL.