[HNA Holdings: Subsidiary plans to set up a wholly-owned subsidiary with an investment of 300 million yuan] According to Jinshi Data on October 11, HNA Holdings announced that its wholly-owned subsidiary Hainan Airlines Import and Export Trading Co., Ltd. plans to set up a wholly-owned subsidiary Chongqing HNA Aviation Resources Recycling Co., Ltd. with a registered capital of 300 million yuan. The subsidiary will mainly engage in the dismantling of old aircraft and the disposal of aviation materials. This investment will help the company improve resource utilization efficiency and promote the coordinated development of upstream and downstream of the industrial chain. The investment amount will be gradually paid in cash and physical assets in installments according to the target company's funding needs, and the source of the investment funds will be the import and export trading company's own funds or self-raised funds. (Reprinted from: Jinshi Data)