HNA Group: Risk disposal is progressing smoothly and is about to enter a critical period

　　China News Service, Haikou, January 22 (Huang Yi) HNA Group issued an announcement on the 22nd through the official WeChat public account "HNA Group" stating that Gu Gang resigned as director and executive chairman of HNA Group, and Ren Qinghua resigned as director and co-chair of HNA Group Chief Executive Officer.

HNA Group's risk disposal is progressing smoothly and is about to enter a critical period.

　　On February 29, 2020, the Hainan Provincial Government took the lead and dispatched professionals from relevant departments to jointly set up the "HNA Group Joint Working Group of Hainan Province" (hereinafter referred to as the Joint Working Group) to fully assist and fully promote the risk management of HNA.

The head of the joint working group is Gu Gang, chairman of Hainan Development Holdings Co., Ltd., and the executive deputy head is Ren Qinghua, director of the Hainan Yangpu Economic Development Zone Management Committee.

　　The HNA Group announced on the 22nd that since the establishment of the joint working group, the HNA Group has ensured the safe operation of the main aviation business and has fully resumed work and production.

At present, the joint working group has completed its due diligence work, formulated risk management ideas and plans in accordance with the principle of "rule of law and marketization", and has made positive progress in various tasks.

　　What is positive progress?

According to the information provided by HNA Group, after relevant due diligence, HNA has achieved "six stability", namely, stable production and operation, safety and stability, stable popular support, stable brand service, basically stable financial status, and safe and stable overseas assets.

　　The announcement stated that Gu Gang and Ren Qinghua's positions in the joint working group remained unchanged.

Under the guidance of the joint working group and the support of all parties, HNA Group will continue to go all out to promote the implementation of HNA Group's risk disposal, and properly handle the risks of HNA Group.

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