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Beneficial owner

Hainan Province Cihang Foundation

The purchase price has been determined based on market conditions including a low double digit premium and subject to increase in case of certain events. The closing of the transaction is subject to certain conditions. Date of transfer of equity securities: Latest on 21 August 2017 The only donor of Hainan Province Cihang Foundation is the Hainan Airlines Company Limited Employees Union Committee, Haikou, Hainan Province, People's Republic of China. Hongkong Huihaisheng Investment Co. Limited is indirectly fully owned by HNA Group Co., Ltd., Haikou, Hainan Province, People's Republic of China, which in turn is indirectly controlled by Hainan Province Cihang Foundation.