HNA : Announcements and Notices - Appointment of Non-executive Director and List of Directors and Their Roles and Functions

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Hong Kong with limited liability)

The Board announces that Mr. Mung Bun Man, Alan has been appointed as a Non-executive Director of the Company with effect from 5 September 2017.

The board of directors (the "Board") of HNA Holding Group Co. Limited (the "Company") announces that Mr. Mung Bun Man, Alan ("Mr. Mung") has been appointed as a Non- executive Director of the Company with effect from 5 September 2017.

Mr. Mung, aged 30, holds a Bachelor of Arts Degree in Business Economics from University of California-Santa Barbara and a Master Degree in Finance from Peking University. Mr. Mung has extensive working experience in investment and asset management. He was once an Executive Director of the Company from October 2013 to February 2015 and acted as directors of a number of subsidiaries of the Company during the said period. He is also an executive director and the managing director of Global Mastermind Holdings Limited (Stock Code: 8063), and an executive director and the chief executive officer of Global Mastermind Capital Limited (Stock Code: 905), both of which are listed companies in Hong Kong. He was also once an executive director of Global Mastermind Capital Limited (formerly known as Mastermind Capital Limited) from November 2010 to April 2013 and Tai United Holdings Limited (formerly known as Bestway International Holdings Limited) (Stock Code: 718) from October 2013 to June 2015, respectively.

An engagement letter will be entered into between Mr. Mung and the Company for a term commencing on 5 September 2017 and expiring on 31 December 2019. Under the engagement letter, Mr. Mung will be entitled to a directors' fee of HK$300,000 per annum, which will be paid in proportion to the actual length of services provided by Mr. Mung. Such director's fee was determined with reference to Mr. Mung's experience and duties, the performance of the Company as well as the market conditions.

As at the date of this announcement and within the meaning of Part XV of the Securities and Futures Ordinance, Mr. Mung does not have any interests in the shares of the Company. In accordance with the articles of association of the Company (the "Articles"), Mr. Mung will hold office until the next following annual general meeting of the Company, at which time he will be eligible for re-election. Thereafter, Mr. Mung will be subject to rotation requirements as contained in the Articles and shall retire from office by rotation at least once every three years.

Save as disclosed above, Mr. Mung does not hold any directorships in other Hong Kong or overseas listed public companies in the last three years and does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. There is no information relating to the appointment of Mr. Mung which is disclosable nor is/was he involved in any matters required to be disclosed pursuant to any of the requirements of the provisions under Rules 13.51(2) (h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, and there is no other matter that needs to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to welcome Mr. Mung to the Board.

With effect from 5 September 2017, the members of the Board and the membership of the five Board committees of the Company are as follows:

Members of the Board

Zhao Quan (Co-Chairman) Wang Shuang (Co-Chairman) Xu Haohao (President)

Mung Bun Man, Alan

Leung Kai Cheung Liem Chi Kit, Kevin Lam Kin Fung, Jeffrey

Membership of the five Board committees

Notes:

C Chairman/Co-Chairman of the relevant Board committees M Member of the relevant Board committees

By order of the Board

Executive Director

Hong Kong, 5 September 2017

As at the date of this announcement, the Board comprises Mr. Zhao Quan (Executive Director and Co-Chairman), Mr. Wang Shuang (Executive Director and Co-Chairman), Mr. Xu Haohao (Executive Director and President), Mr. Leung Shun Sang, Tony (Non-executive Director), Mr. Wang Hao (Non-executive Director), Mr. Mung Bun Man, Alan (Non-executive Director), Mr. Leung Kai Cheung (Independent Non-executive Director), Mr. Liem Chi Kit, Kevin (Independent Non-executive Director) and Mr. Lam Kin Fung, Jeffrey (Independent Non- executive Director).