October 15th afternoon，According to HNA Group’s official public account，Afternoon on the 15th，Head of Hainan HNA Group Joint Working Group、Gu Gang, Secretary of the Group Party Committee, held a working meeting of HNA’s 321 substantive mergers and reorganizations in Shenzhen。Meeting，Gu Gang made arrangements for the next stage of development of Huaan Insurance and the plan and future development of 321 substantive merger trusts。

In view of the future development of HNA Group after reorganization，Especially 321 substantive consolidated trust plans，Gu Gang pointed out: 

First，321 substantive mergers and reorganizations of enterprises mainly focus on high-quality equity and assets，The trust plan has substantial solvency。321 substantive mergers and reorganizations include all existing equity and assets of HNA Group except the main aviation 188bet app business and airport segment，There are more than 30 hotels，5 A-share listed companies，7 high-quality equity and assets such as financial licensed institutions。From the actual situation of major enterprises，They are mainly high-quality enterprises and assets with sustainable production and operation，Most operations are in good condition，All can maintain a balanced cash flow。Among them，Bohai Leasing holds 70% of the world’s third largest aircraft leasing company，Holding 100% equity of the world’s second largest container leasing company。Based on the evaluation base date of February 10, 2021，The decline in valuation is due to the risk of HNA Group，But under the dual impact of the debt crisis and the epidemic，The assessed asset value of 321 companies still remains at 300 billion。Followup，The working group and the administrator will establish the trust plan as soon as possible in accordance with regulations，Protect the interests of creditors，Ensure the healthy development of each member company，After striving for successful reorganization，After two years of development，Let the asset values ​​of 321 companies return to normal levels and gain development and appreciation，Achieving steady growth and improvement。

Second，The debt repayment model of 321 companies’ substantive merger and 188bet online sports betting reorganization will protect the rights and interests of creditors to the greatest extent。Due to HNA’s past management model，Resulting in 321 corporate finance、Funds、Business、Management、People are highly confused，Choose to be compensated for the share of the trust plan established by the sponsor after the substantive merger and reorganization，Able to obtain fair payment for all creditors，Avoid uneven compensation due to different assets and liabilities in the case of substantial confusion，Especially for ordinary creditors who are ranked last，For ordinary creditors without property mortgage，Able to obtain legalization、Maximum protection under market conditions，Be able to enjoy the repayment after the appreciation of future asset equity。

Third，Replace space with time，321 companies are expected to achieve substantial development，Create imagination space for debt repayment。The idea of ​​​​exchanging time for space under the trust plan under the substantial merger and reorganization of 321 companies，Will be under the rule of law、Under the principle of marketization，Leave room for development in debt repayment，Also create enough space for future development。At the same time，Currently，The ordinary claims that may be repaid by 321 reorganized companies will be about 600 billion，188bet sports betting app download The corresponding assets can be effectively increased in value in the future。In addition，The total proportion of priority debt is not high，So within the next 10 years，The repayment ratio for ordinary creditors is estimated to be considerable。

Fourth，Will accelerate the promotion of trust plans and overall operations of 321 enterprises，Create greater returns for creditors and future shareholders。After the completion of the reorganization of HNA Group’s main aviation business and airport sector，Will concentrate on the overall operations of 321 substantive mergers and reorganizations，This will become the legalization of HNA、The next step of management and reorganization after market-oriented bankruptcy reorganization，Incorporate the spirit of today’s meeting，The management teams of each unit must further enhance their confidence，Strengthening Party Building Leadership，In accordance with the requirements of high-quality development，Further improve the three meetings system，Compliance with laws、Disclose relevant information openly and transparently to the society and shareholders，Create greater benefits for future creditors and shareholders，This should be regarded as the commitment of the management team and management teams at all levels to society，Implement it to the letter。