NH Hotel Group CEO Ousted at Shareholder’s Meeting and HNA Group Board Representatives Replaced

HNA Group | June 23, 2016

MADRID--(June 23, 2016) - HNA Group ("HNA") today issued the following letter to NH Hotel Group ("NH Hotel") shareholders: Dear Fellow Shareholder, Three years ago, HNA Group rescued NH Hotel Group from the brink of failure by providing a necessary capital infusion. In the time since, we have advocated for the best interests of all NH Hotel shareholders, supported management in the execution of its Five-Year Plan, and worked with the Board to develop full participation by independent directors. We are disappointed to have been disenfranchised of our fundamental rights as a shareholder under the Spanish Good Governanc...