HNA Brightness Action
Hainan Province Cihang Foundation was initiated by the HNA Group in 2010 and formally registered with the Department of Civil Affairs of the Hainan Province. On October 2013, HNA Group donated about 22% of its shares to the Hainan Province Cihang Foundation, making it become the largest single shareholder of HNA. This foundation is the charity platform of embodying HNA Group's sense of social responsibility and its indebtedness as well as intention to give feedback to the great society. 2015 Hainan Province Cihang Foundation was honored with the title of "National Advanced Social Organization" by the Ministry of Civil Affairs of Central Government.
Upholding the charitable idea of "good will and practice are one, and the ultimate goodness is like water," while abiding by the relevant state regulations on the management of foundation and constantly searching for new projects and new mode of practicing charity in active cooperation with HNA Group, the Cihang Foundation is also engaged with developing new charity projects that involves investment with a great social impact. This kind of projects utilizes the resourceful advantages of the HNA Group, combining investment with charity, functioning as a living mechanism of blood production so that the charity projects would remain robust for good.
Cihang Foundation as a non-profit charity organization cultivates projects in various fields such as educational aids, supporting the poor and helping the underprivileged, fighting earthquake and relieving disaster, cultural promotion, medical rescue, green EP, and scientific innovation. Until September 2016, it has covered some forty more charity projects and provided funding in total circa 400 million.