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HNA Group Issues Statement on Succession and Governance

July 6, 2018

HAIKOU, China--(BUSINESS WIRE)--Jul 5, 2018--HNA Group (“HNA”) today issued the following statement regarding the company’s succession and governance following the death of its co-founder and Chairman, Wang Jian:

“HNA Group’s Board of Directors recently met and has reaffirmed its commitment to the orderly continuity of the company’s strategy and operations, under the leadership of Chairman Chen Feng and Chief Executive Officer Adam Tan. The Board has determined that Chairman Chen will assume the duties of Chairman Wang. Adam Tan will continue to serve as Chief Executive Officer.

HNA’s Board and senior management team are comprised of talented individuals with deep global experience, and a long track record of working together successfully. They remain focused on steering the company and its operations through this difficult period.

The disposition of the shares in HNA Group held by Mr. Wang at the time of his death will be addressed in due course, consistent with his pledge to donate them to charity, and in accordance with all applicable legal and regulatory guidelines. HNA Group is committed to providing timely updates, as appropriate, when they become available.”

View source version on businesswire.com:https://www.businesswire.com/news/home/20180705005650/en/

CONTACT: HNA Group

June Wang

jun.wang2@hnair.com

or

Sard Verbinnen & Co

Ron Low, +852-3842-2200

rlow@SARDVERB.com

or

Matt Benson or Robert Rendine, +1-212-687-8080

MBenson@SARDVERB.com

RRendine@SARDVERB.com

KEYWORD: ASIA PACIFIC CHINA

INDUSTRY KEYWORD: TRANSPORT AIR TRAVEL VACATION PROFESSIONAL SERVICES FINANCE

SOURCE: HNA Group

Copyright Business Wire 2018.

PUB: 07/05/2018 10:28 PM/DISC: 07/05/2018 10:28 PM

http://www.businesswire.com/news/home/20180705005650/en

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