HNA Group Co., Ltd. Statement

| 2021-01-29

On 29th of January 2021, HNA Group received a formal notice from the Hainan High People’s Court. The main content of the notice is: a creditor has filed an application for the initiation of reorganization procedure against our company, on grounds that we cannot pay off due debts to the creditor.

HNA Group will comply with the court’s instructions of judicial review in accordance with law, promote the debts disposition actively, support the court to protect the legal rights and interests of creditors in accordance with law, and safeguard our normal business to be operated successfully.

                            

 

HNA Group Co., Ltd.

January 29, 2021