On 9 August 2018, Jin Jiang International Holdings, led international consortium, including SINO-CEE Fund, announced that the Consortium had entered into agreements with Radisson Hospitality Inc and HNA Sweden Hospitality Management AB, an indirectly wholly-owned subsidiary of HNA Tourism Group, respectively, to acquire shares in Radisson Hospitality AB.

The purchase price under the agreements is SEK 35.00 per share.

The completion of the acquisition was subject to receipt of regulatory approvals and other customary closing conditions, these conditions have now been fulfilled.

Consequently, the Consortium's joint acquisition vehicle, Aplite Holdings AB (the "Purchaser"), today completed the acquisition of 87,552,187 shares in Radisson AB from Radisson Hospitality Inc., corresponding to 50.21 percent of the shares and votes in Radisson AB^[1].

The Purchaser is now, in accordance with Chapter 3, Section 1 of the Swedish Public Takeover Act (Sw. lagen (2006:451) om offentliga uppköpserbjudanden på aktiemarknaden), under an obligation to either launch a mandatory tender offer for the remaining outstanding shares in Radisson AB or sell down its ownership in Radisson AB below 30 percent within four weeks from the completion of the acquisition, i.e. no later than 11th December 2018.

[1] Based on 174,388,857 shares in Radisson AB (including 2,532,556 shares held in treasury by Radisson AB).