According to the regulatory working letter published on the website of Shanghai Stock Exchange today, the Shanghai Stock Exchange has made clear the regulatory requirements on the litigation matters involved in the guarantee provided by HNA Technology Co., Ltd. (hereinafter referred to as “HNA technology”, 600751. SH). < / P > < p > the announcement on the progress of providing guarantee for related parties and related litigation issued by HNA technology on October 14, 2020 shows that the indirect controlling shareholder of the lawsuit company, HNA Group Co., Ltd., and the affiliated party of HNA Ecological Technology Group Co., Ltd. are the defendants; because the company provides guarantee for HNA Group, it becomes the co defendant; the controlling shareholder of the company, HNA technology group, is the defendant Ltd. is the third party and Bank of Communications International Trust Co., Ltd. is the plaintiff. According to the “guarantee contract” signed by the company to provide guarantee for HNA Group, it involves guarantee amount of 1.5 billion yuan and interest. In January 2017, HNA Group, the indirect controlling shareholder of one of the defendants, and the plaintiff, Bank of Communications International Trust Co., Ltd., signed the equity transfer contract of BOCOM Guoxin robust No. 2139 single fund trust, stipulating that HNA Group should transfer the equity of HNA Ecological Technology Group Co., Ltd. held by “bocom Guoxin robust No. 2139 single fund trust” at the time point agreed in the contract And pay the total equity transfer price of no more than 1.5 billion yuan to bocom Guoxin. < / P > < p > on March 22, 2018, the company and bocom Guoxin signed the “Bank of communications Guoxin – robust 2139 single fund trust guarantee contract” to provide guarantee for the equity transfer payment due from HNA Group to bocom Guoxin. Up to now, Bank of communications Guoxin and HNA Group have formed a lawsuit on the equity transfer contract of single fund trust No. 2139 between bocom Guoxin and HNA Group. As the company provided guarantee for HNA Group to bocom Guoxin, it became a joint defendant. < / P > < p > the announcement on providing guarantee to related parties within the mutual guarantee limit issued by HNA technology on March 24, 2018 shows that the guarantee amount is RMB 1.5 billion. As of the disclosure date of the announcement, the total amount of guarantee provided by the company and its subsidiaries to HNA Technology Group Co., Ltd. and its affiliated enterprises is RMB 2.094 billion (including the guarantee amount). In January 2017, HNA Group, the indirect controlling shareholder of the company, signed a contract with bocom International Trust Co., Ltd., stipulating that HNA Group should transfer the equity of HNA Bio Technology Group Co., Ltd. held by “Jiaoyin Guoxin – Zhongjian No. 2139 single fund trust” within 12 months or 24 months or 36 months after the establishment of the trust, and pay the total equity of no more than 1.5 billion yuan to bocom Guoxin Transfer price. As of the disclosure date of the announcement, the total amount of external guarantee provided by the company and its holding subsidiaries was RMB 2.094 billion (including the guarantee amount), accounting for 12.27% of the company’s latest audited net assets; the total amount of guarantees provided by the company to the holding subsidiaries was $4.00 billion, accounting for 148.60% of the company’s latest audited net assets. The company also said that HNA Group is an indirect controlling shareholder of the company, and its financial indicators are relatively stable, which will not bring guarantee risk to the company. The guarantee provided by the company to HNA technology group and its related parties conforms to the relevant provisions of laws, regulations and the articles of association, which is the normal needs of production and operation development and actual capital of both parties, and will not have a significant impact on the listed company and shareholders’ rights and interests. < p > < p > according to the inquiry of China economic network, HNA technology was established on October 23, 1996, with a registered capital of 2.9 billion yuan. It was listed on the Shanghai Stock Exchange on September 9, 1996. Li Weijian was the legal representative and chairman of the board. As of June 30, 2020, HNA Technology Group Co., Ltd. was the largest shareholder with 602 million shares, accounting for 20.76%. The largest shareholder of HNA Technology Group Co., Ltd. is HNA Group Co., Ltd., with a shareholding ratio of 65.67%. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. < p > < p > Chinanet is a national key news website under the leadership of the Information Office of the State Council and managed by China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website releases information 24 hours a day, which is an important window for China to carry out international communication and information exchange.