Microsoft Word - e-Announcement-Profit_Warning20150724-Draft2-clean.docx


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.

海航國際投資集團有限公司

HNA INTERNATIONAL INVESTMENT HOLDINGS LIMITED

(Incorporated in Hong Kong with limited liability)
(Stock Code: 521)

PROFIT WARNING

This announcement is made by HNA International Investment Holdings Limited (the "Company" and together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The board of directors of the Company (the "Board") wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that, based on the preliminary assessment of the latest unaudited consolidated management accounts of the Group for the six months ended 30 June 2015, it is anticipated that, for the six months ended 30 June 2015, the Group may incur a consolidated loss, the extent of which may be close to that for the six months ended 30 June 2014 but remains subject to the review and confirmation by the Company's auditor. The expected loss for the six months ended 30 June 2015 is mainly attributable to, but not limited to, 1) a decrease in revenue and gross profit as a result of the slowdown in new project contracts and provision for receivables due from customers in relation to intelligent information business; 2) depreciation expenses on equipment for the discontinued and held-for-sale digital television business; and 3) other potential provisions/impairment for the Group which are subject to the review of the Board and the audit committee of the Company together with the discussion with the Company's auditor.
The information contained in this announcement is only based on the Company's preliminary review of the unaudited consolidated management accounts of the Group, which have not been reviewed or confirmed by the Company's auditor or audit committee and may be subject to adjustments. Shareholders and potential investors of the Company are advised to refer to the details of the Company's results announcement for the six months ended 30 June 2015
which is expected to be announced by the end of August 2015.

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Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.
By Order of the Board
HNA International Investment Holdings Limited
Xu Haohao
Executive Director
Hong Kong, 24 July 2015
As at the date of this announcement, the Board comprises Mr. Wang Hao (Executive Director, Chairman and Chief Executive Officer), Mr. Li Xiaoming (Executive Director), Mr. Xu Haohao (Executive Director and Executive President), Mr. Leung Shun Sang, Tony (Non- executive Director), Mr. Li Tongshuang (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).

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