




The retail business of HNA Group was operated and managed by the Retail Business Management Committee of HNA Group (in brief as "HNA Retail Business"). The subsidiary companies are Xi'an Minsheng Department Store Company Ltd. (in brief as "Minsheng Group"), HNA Baoshang Group Company Ltd. (in brief as "Baoshang Group"), HNA Duty Free Company Ltd., etc.
Minsheng Group is a large enterprise group focusing on the retail industry based Xi'an City, Shannxi Province. It's a listed company of Shenzhen Stock Exchange. Under the government reform plan about the state-owned enterprises, the company was restructured with the HNA Group on 27th May 2003. Minsheng Group will build a leading retail group in northwest China.
Baoshang Group is a well-known retail enterprise in Baoji City, Shannxi Province. It's a listed company of Shenzhen Stock Exchange. On 24th March 2006, Baoshang Group was restructured with the HNA Group.
HNA Duty Free Company is a joint-venture company by China Duty Free Group and HNA Group. Its business scale is to sale duty free goods in the airports and aircraft cabins of HNA Group.
With the rapid growing trend of the Chinese Retail Industry, HNA Retail Business will seize the opportunity to become the leading retail group of northwest China and build a excellent national retail brand.