The board of directors of the Jia Yao Holdings Limited announced that Mr. Li Tie, Mr. Liu Daoqi and Mr. Huang Erwei have been appointed as executive Directors with effect from 24 February 2017. Mr. Li Tie is the director and president of China Civil Aviation Investment Group Limited, and the sole director and president of China Civil Aviation (Cayman) Investment Group Limited. Mr. Liu Daoqi is the chief investment officer of HNA Tourism Group Co. Ltd. and the chief executive officer of China Civil Aviation Investment Group Limited. Mr. Huang Erwei is the financial controller of China Civil Aviation Investment Group Limited. Mr. Huang was designated as the general manager of financial department in March 2014 at Hainan Airlines Co. Ltd.