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STATEMENT REGARDING MARKET SPECULATION
Reference is made to the announcement of Fosun Tourism Group, a subsidiary of Fosun International Limited (the "Company", together with its subsidiaries, the "Group") dated 24 September 2019 and the recent market speculation in relation to the investment in Thomas Cook Group plc ("Thomas Cook") by the Group.
As at 30 June 2019, the Group held approximately 18.6% equity interests in Thomas Cook and the carrying amount was approximately RMB327 million (approximately GBP37.6 million). Therefore, the application for compulsory liquidation of Thomas Cook has limited financial impact to the Group. The Group has not acquired any further interest in Thomas Cook after 30 June 2019. The Company would like to clarify that the Group has never provided any guarantee to Thomas Cook and has not made any investment in relation to the possible recapitalization of Thomas Cook.
By Order of the Board
Fosun International Limited
27 September 2019
As at the date of this announcement, the executive directors of the Company are Mr. Guo Guangchang, Mr. Wang Qunbin, Mr. Chen Qiyu, Mr. Xu Xiaoliang, Mr. Qin Xuetang, Mr. Wang Can and Mr. Gong Ping; and the independent non-executive directors are Mr. Zhang Shengman, Mr. Zhang Huaqiao, Mr. David T. Zhang, Mr. Yang Chao and Dr. Lee Kai-Fu.
Fosun International Limited published this content on 27 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2019 04:12:06 UTC