The appointment of Mr. Li and Mr. Zhu is in connection with the US$500 million strategic investment from HNA Tourism Group the Company announced on November 23, 2015.
NANJING, China – Tuniu Corporation (“Tuniu” or the “Company”), a leading online leisure travel company in China, announced the appointment of Mr. Tie Li and Mr. Jie Zhu as directors to the Company’s board of directors. The appointment of Mr. Li and Mr. Zhu is in connection with the US$500 million strategic investment from HNA Tourism Group the Company announced on November 23, 2015.
Mr. Tie Li currently serves as Vice Chairman and CEO of HNA Tourism Group. Mr. Li joined HNA Group in 2002 and has headed various business divisions of the Group since then, such as Financial Director, President and Vice Chairman of HNA Aviation Group and Chief Investment Officer of HNA Tourism Group, before being named Vice Chairman and CEO of HNA Tourism Group in November 2015. Mr. Li has extensive experience in the investment, finance and legal fields within the travel and tourism industry and holds a Bachelor’s degree from Anhui University.
Mr. Jie Zhu currently serves as member of the Board of Directors and Chief Innovation Officer of HNA Tourism Group. After joining HNA Group in 2011, Mr. Zhu headed the investment and securities business divisions of HNA Tourism Group and its subsidiary Beijing Tourism Investment Fund. Mr. Zhu holds an MBA from Glendon-York University.
Mr. Donald Yu, Tuniu’s co-founder, Chairman and Chief Executive Officer, said, “We welcome Mr. Li and Mr. Zhu as new members of our board of directors. Their extensive experience and expertise in the travel industry in China are a valuable addition to us. In the future, Tuniu and HNA Tourism Group will continue to work closely together in order to unlock new synergies.“
Pursuant to these appointments and resignations, the board is now comprised of eleven members, a majority of whom are independent directors. The board’s audit, compensation and nominating and corporate governance committees each have three members, all of whom are independent directors.
Tuniu received the US$500 million in funding from HNA Tourism Group and issued the new Class A ordinary shares to HNA Tourism Group at the closing of the transaction on January 21, 2016.
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