March 15，HNA Innovation Co., Ltd. issued an announcement regarding the reorganization of its controlling shareholder ruled by the court。Announcement，The company received the "Notification Letter Regarding the Ruling of Reorganization" from the controlling shareholder HNA 188bet Live Casino Group Co., Ltd. on March 15, 2021。According to the "Notification Letter"，The company’s controlling shareholder HNA 188bet Live Casino was ruled to be reorganized by the Hainan Provincial Higher People’s Court。The court ruled that the company’s controlling shareholder HNA 188bet Live Casino should be reorganized，May have an impact on the company’s equity structure, etc.，There is uncertainty about whether the reorganization of the company’s controlling shareholder can be successful。

According to the announcement，As of the date of this announcement，The company’s controlling shareholder HNA 188bet Live Casino Holding Company 180,065,443 shares，Accounting for 13% of the company’s total share capital.81%。Hainan Airlines Travel enters reorganization process，May have an impact on the company’s equity structure, etc.。

According to Sky Eye Check，HNA 188bet Live Casino Group Co., Ltd. was established on March 20, 2002，Registered capital is 17,500,000,000 RMB，The business scope includes hotel project development、Management；188bet Live Casino project investment and management, etc.。