HNA Holdings Subsidiary Beijing Xinhua Shunhang Trading Co. Capital Increase to 2.2 Billion Yuan

36Kr learned from Tianyancha App that recently, Beijing Xinhua Shunhang Trading Co., Ltd. underwent business registration changes, with Hainan Airlines Holding Co., Ltd. added as a shareholder. Simultaneously, its registered capital increased from 300,000 yuan to approximately 2.2 billion yuan, representing an increase of about 733,333%. The company was established in July 2010, with Wang Xin serving as legal representative. Its business scope includes sales of daily necessities, electronic products, decorative materials, hardware and electrical appliances, office equipment, clothing and shoes, home decoration, etc. It is currently jointly held by China Xinhua Aviation Group Co., Ltd. and the aforementioned new shareholder.