CCOOP Group: HNA affiliates’ shares frozen amid legal disputes

CCOOP Group announced that Beijing Fangyuan Small Loan Co., an affiliate of Hainan Airlines Commercial Holdings Co. (HNA Commercial Holdings), has had 148,853 shares frozen by the Hainan Provincial First Intermediate People's Court. This represents 100% of Beijing Fangyuan Small Loan Co.'s stake, though it constitutes a minor 0.00% of CCOOP Group's total share capital. The freeze, effective from December 11, 2025, to December 10, 2028, is due to a judicial dispute.

As of December 12, 2025, HNA Commercial Holdings and its related parties collectively hold 2,668,991,498 shares, representing 14.78% of CCOOP Group's total share capital. Of these, 310,617,731 shares, or 11.64% of their total holdings and 1.72% of the company's total share capital, are currently frozen. This includes shares held by HNA Industrial Group Co., which has 310,468,878 shares frozen, accounting for 97.42% of its holdings and 1.72% of the company's total share capital.

The announcement indicates that while Beijing Fangyuan Small Loan Co. is not a controlling or largest shareholder, its frozen shares are part of a larger total of frozen shares linked to HNA Commercial Holdings and its affiliates.