Hong Kong Aviation Capital Announces Bohai Leasing Transaction

Hong Kong, December 2, 2011 - Bohai Leasing Co., Ltd, (Shenzhen Stock Exchange China publicly listed financial service company Public, SLE: 000415 ), ( “Bohai Leasing” ), a company based in Tianjin, China has announced to the Shenzhen Stock Exchange that it contemplates acquiring a significant shareholding from HNA Group in Hong Kong Aviation Capital (“HKAC”), the global commercial aircraft lessor incorporated in Hong Kong.

HNA Group currently controls 62.14% of Bohai Leasing. Bohai Leasing’s principal activities relate to the leasing of infrastructure assets on mainland China. Following the closing of this transaction, HNA Group will continue to hold a majority interest in HKAC.  

This transaction provides HKAC with the potential to access new equity investment through future issuances of new shares by Bohai Leasing to the mainland Chinese public markets. Through its investment in HKAC, Bohai Leasing in turn will diversify its leasing interests by providing its shareholders with investment in commercial aircraft assets leased to airlines globally.

Bohai Leasing is  expected to complete the purchase of shares in early 2012. It is not anticipated that HKAC’s aircraft leasing operations and management team will be impacted by this transaction.

Additional information can be found on the website of Shenzhen Stock Exchange: http://www.cninfo.com.cn/ (stock code 000415 ).