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.

海航實業集團股份有限公司

HNA HOLDING GROUP CO. LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 521) UPDATE ON VERY SUBSTANTIAL ACQUISITION

Reference is made to the announcements of HNA Holding Group Co. Limited (the "Company") dated 9 April 2017, 26 July 2017, 1 August 2017, 4 August 2017, 18 August 2017, 7 September 2017 and 21 September 2017 and the circular of the Company dated 30 June 2017 (the "Circular"). Unless otherwise defined, capitalised terms used herein shall have the same meaning as those defined in the said announcements and the Circular.

The Offeror has announced today, pursuant to the Singapore Takeovers Code, that as at 5.00

p.m. (Singapore time) on 5 October 2017, the total number of (a) CWT Shares owned, controlled or agreed to be acquired by the Offeror; and (b) valid acceptances to the Offer, amount to an aggregate of 507,722,331 CWT Shares, representing approximately 84.58% of the total issued CWT Shares.

A copy of the Offeror's announcement has been made available on the website of SGX-ST (www.sgx.com).

Nothing herein shall constitute an offer to sell or a solicitation of an offer to subscribe for the securities of the Company and/or CWT. Shareholders and potential investors of the Company should exercise caution when dealing with the Shares.

By order of the Board

HNA HOLDING GROUP CO. LIMITED Xu Haohao

Executive Director

Hong Kong, 5 October 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).

HNA Holding Group Co. Ltd. published this content on 06 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 October 2017 22:54:01 UTC.

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