HNA Investment Group Co., Ltd. (hereinafter referred to as "HNA Investment" or "the Company") and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
On June 2, 2023, the Company received the inquiry letter from the Management Department of the Shenzhen Stock Exchange regarding HNA Investment Group Co., Ltd. (Company Department Inquiry Letter [2023] No. 254) (hereinafter referred to as "the Inquiry Letter"). After receiving the Inquiry Letter, the Company promptly communicated the relevant content to its controlling shareholder HNA Capital Group Co., Ltd. (hereinafter referred to as "HNA Capital") and its concerted actor HNA Investment Holdings Co., Ltd. (hereinafter referred to as "HNA Holdings"), and continued to communicate and verify the relevant issues one by one.
On June 9, 2023, HNA Capital responded to the relevant issues in the Inquiry Letter in the form of a reply letter (hereinafter referred to as "HNA Capital Reply Letter"). The response to the issues raised in the Inquiry Letter is as follows:
- As of May 31, 2023, the closing price of the Company's stock was 0.75 yuan/share, and the stock price had been below 1 yuan/share for eleven consecutive trading days. As of June 2, the stock price had been below 1 yuan/share for thirteen consecutive trading days, indicating a significant delisting risk. Please explain in detail the main considerations and feasibility of setting the repurchase price at not less than 0.95 yuan (inclusive)/share, considering the relevant provisions of the "Self-Regulatory Guidelines for Listed Companies No. 10 - Share Change Management" (hereinafter referred to as "Share Change Guidelines"), and the significant difference between the stock price disclosed before this announcement and the price for this repurchase, as well as fully disclose the related uncertainty risks.