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Beneficial owner

Hainan Province Cihang Foundation

Equity collar transaction which includes sales positions. Date of transfer of 9 045 275 registered shares: Latest on 21 August 2017 (cf. disclosure notification published on 26.04.2017). 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 and Success Horizon Limited are 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.