May 2，Announcement issued by HNA Investment Group Co., Ltd.，Announced the transfer of a commercial and residential project in Shanghai to Fusheng Group，Involving 2.9 billion yuan。

Guandian Real Estate New Media Inquiry Announcement，HNA Investment signed a "Cooperation Agreement" with Shanghai Moxi Investment Management Co., Ltd. on May 1。

Accordingly，HNA Investment plans to acquire its subsidiary HNA Investment Group Shanghai Investment Management Co., Ltd.，100% 188bet app equity and debt are transferred。Among them，90.9091% of the equity is directly held。The remaining 9.0909% equity is held by the trust plan "Shanghai International Trust Co., Ltd. Yicheng Shanghai Equity Investment Collective Fund Trust Plan"。

At the same time，The total consideration of this transaction is RMB 2.9 billion。1.1 billion yuan is the equity transfer payment for 100% equity；16.200 million yuan is used to repay the loan principal of Shanghai Trust。

As understood，HNA Shanghai Company owns one，Plot No. 40-01, Qiantan, Qiantan, Haiyang West Road, Yangsi West Road, Haiyang West Road, Pudong New District, Shanghai, a southern extension of the Huangpu River，and the construction in progress。

The parcel number of this land parcel is 1/36 Hill, 107th Street, Sanlin Town，By HNA Group in September 2013，16.700 million won。Plot area is about 1.160,000 square meters。

January 2014，After signing a tripartite agreement, the land was developed and constructed by Yicheng Group Shanghai Investment Co., Ltd., a wholly-owned subsidiary of HNA Investment at the time。

The project on the 188bet Online Sports Betting and Casino land plot has been named "Haiyue Huating"，Involving residential and commercial，Estimated salable area after completion is 6.190,000 square meters。As of now，There are two residential buildings and an office building on the land，The residential building has completed secondary structural construction，90% of the secondary structure construction of the office building has been completed。

HNA Investment Name，This transfer will bring about 400 million yuan in income to the company，Can optimize the company's financial status，Accelerate the company's strategic transformation progress。

188bet Online Sports Betting and Casino HNA invests 2.9 billion to transfer Shanghai Qiantan project to Fusheng Group，Revenue of about 400 million yuan》.