HNA Group Announces Changes to Management Team and Portfolio Company Board Representation

Consistent with its organizational changes and efforts to refocus its
strategy around its core aviation, tourism and logistics businesses, HNA
Group today announced the following changes to its management team and
portfolio company board representation, effective immediately.

Chen Feng, Chairman of HNA Group, said, “These changes will help us meet
our commitment to refocus around our core aviation and tourism and
logistics businesses. We are grateful to these individuals for their
unwavering commitment to our Company. The depth and breadth of our
talented leadership team has been a critical factor in our success and I
look forward to working with them to build a stronger, more focused HNA

“I would also like to thank Guang for his significant contributions to
our business and our growth in North America. We wish him great success
in his future endeavors.”

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