Seven listed companies under the "Hainan Group" recently announced，The company’s controlling shareholder and actual controller have changed。Hainan Traffic Management Holdings Co., Ltd. becomes the controlling shareholder of 188bet online casino games，Hainan Cihang Charity Foundation becomes the actual controller of 188bet online casino games。

Since 2009，188bet online casino games has been required by regulatory authorities to sort out its controlling stake issues，The Hainan Airlines Labor Union Committee has attracted much attention because it has long been the actual controller of the "Hainan Airlines" listed company。As the "Hainan Airlines System" is actually controlled by the Hainan Airlines Trade Union, it has become a thing of the past，It may have greater operating space in the capital market in the future。

Reidentification of 188bet online casino games

November 13，HNA Investment (000616), a subsidiary of 188bet online casino games、Bohai Leasing (000415)、Caesar Travel (000796)、Island construction (600515)、Xi’an People’s Livelihood (000564)、Tianhai Investment (600751)、Jiulongshan (600555) and other 7 listed companies announced simultaneously，The Cihang Foundation Board of Directors reviewed and approved the revision of the "Hainan Cihang Charity Foundation Charter"。Revised the composition of the decision-making body of the Cihang Foundation caused by the HNA Trade Union、Decision-making process、Main position appointments and removals、Daily management、Decreased influence in inspection, supervision and foreign investment management。

Announcement，The HNA Labor Union no longer indirectly controls 188bet online casino games as the actual controller of 188bet online casino games Co., Ltd.；Hainan Traffic Management Holding Co., Ltd. is the controlling shareholder of 188bet online casino games，Cihang Foundation is the actual controller of 188bet online casino games。After the re-identification of the actual controller,It will not have any impact on the company’s production and business activities。

Displayed in the "Equity Report" released on November 13，Currently 188bet online casino games indirectly holds A shares of Bohai Leasing 44.64% of shares，Indirectly holds Xi’an Minsheng 39.71% of shares，Indirectly holding island construction 36.55% of shares，Indirectly holding Jiulongshan 29.9% shares，Indirectly holding Tianhai Investment 20.76% of shares，Indirectly holding HNA Investment 19.98% shares，Indirectly holding Caesar Travel 18.381% shares。

Also，188bet online casino games indirectly holds HNA International Investment (00521.HK）27.24% shares。Hainan Airlines (600221), another company in the "188bet online casino games", is not affected by this change，The company’s controlling shareholder is still Grand China Airlines Co., Ltd.，The actual controller is the State-owned Assets Supervision and Administration Commission of Hainan Provincial Government。

"Equity Report" display，After the re-identification of the actual controller of 188bet online casino games，188bet online casino games’s interest in Hainan Airlines has not changed。188bet online casino games holds Hainan Airlines 5.900 million shares， Accounting for 4% of the total share capital of Hainan Airlines.88%；Yangtze River Leasing Co., Ltd., a holding subsidiary of 188bet online casino games, holds Hainan Airlines 5.200 million shares，Accounting for 4% of the total share capital of Hainan Airlines.25%。

From the perspective of equity，Back in 2006，The actual controller of Hainan Airlines has been changed to Hainan Provincial State-owned Assets Supervision and Administration Commission。However，Hainan Airlines’ management，Mostly from 188bet online casino games。

Years of preparation

This time the "188bet online casino games" company re-identified the actual controller，In fact, careful preparation has already been made。

Since August 2009，188bet online casino games has been required by regulatory authorities to sort out its controlling stake issues，Because the "Hainan Airlines Trade Union" has long been the actual controller of HNA listed companies, it has attracted much attention。

Also，The equity structure initially controlled by the labor union was disadvantageous to the development of 188bet online casino games’s listed companies。The China Securities Regulatory Commission has previously issued express regulations，“Applications for public issuance of shares by companies with trade unions as shareholders or promoters are temporarily not accepted”、“For listed companies，When accepting refinancing applications，It is required that the issuer’s shareholders do not have employee stock ownership meetings and labor unions。”

For this，188bet online casino games issued 188bet online casino games Certificate [2009] No. 541 document to the China Securities Regulatory Commission in August 2009，Commitment to solve the problem of HNA Union being its actual controller。According to the "Explanation on Solving the Issues of Actual Controllers of Listed Companies" disclosed by 188bet online casino games，The plan is to establish the Cihang Foundation，Donate the equity held by HNA Labor Union to Cihang Fund，Ultimately Cihang Fund will become the actual controller of 188bet online casino games。

View public information，October 8, 2010，Initiated by 188bet online casino games，With China Elderly Development Foundation、Hainan Cihang Charity Foundation, a non-public foundation jointly established by Beijing Jinshi Advertising Co., Ltd., was approved and registered by the Hainan Provincial Department of Civil Affairs、Officially listed in 2011，All the original capital of 20 million yuan was donated by 188bet online casino games。

2013，Chen Feng, Chairman of the Board of Directors of 188bet online casino games, donated 3 billion yuan worth of equity in 188bet online casino games to the Hainan Cihang Charity Foundation on behalf of the entrepreneurial team。HNA’s entrepreneurial team will donate 20% of its equity in batches，The current total value is 8.5 billion yuan；After the donation, Cihang Foundation became the single largest shareholder of 188bet online casino games，Fundamentally solve the historical problem that the controlling shareholder of 188bet online casino games is a labor union。

In fact，Since this year，Four listed companies under the "188bet online casino games" have successively launched private placement plans of more than 52 billion yuan，Capital operations are very active。After the re-identification of the actual controller，The follow-up actions of “Hainan Airlines” in the capital market deserve attention。