ANNOUNCEMENT ON THE MIXED-OWNERSHIP REFORM

RNS Number : 0628D

Air China Ld

24 April 2017

 

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

AIR CHINA LIMITED

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock  Code: 00753)

ANNOUNCEMENT  ON THE

MIXED-OWNERSHIP REFORM IN AIR FREIGHT LOGISTICS BY  THE  CONTROLLING  SHAREHOLDER CNAHC

This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance  (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The  Stock  Exchange  of  Hong  Kong Limited.

The board of directors (the "Board")  of Air China Limited  (the "Company")  hereby announces that  the Company was recently informed by its controlling shareholder, China National Aviation Holding Company ("CNAHC") that the National Development and  Reform  Commission  had  approved  CNAHC  to  carry  out the  mixed-ownership  reform  in  air  freight logistics.

CNAHC will start to push forward the mixed-ownership reform in air freight logistics. The Company and some of its subordinated companies are engaged in the operation of air freight logistics business, thus implementation of the mixed-ownership reform may involve the Company and the aforesaid subordinated  companies.

As at the date of this announcement, it is learned that CNAHC has not formulated any enforceable and specific implementation plan for the mixed-ownership reform and has not reached any form of agreement or arrangement with any person. The Company  does  not  obtain  any  information  that  should be disclosed but has not been disclosed. The Company will actively take part in the mixed- ownership reform and perform the relevant procedures and disclose in a timely manner in accordance  with  relevant regulations.

  Click on, or paste the following link into your web browser, to view the associated PDF document.
  http://www.rns-pdf.londonstockexchange.com/rns/0628D_-2017-4-24.pdf

Shareholders of the Company and potential investors are advised to  exercise  caution  when  dealing  in  the  shares  of  the Company.

By  Order  of  the Board

                                                                                                                                                                                             Air  China Limited

  Rao Xinyu      Tam  Shuit Mui

Joint  Company Secretaries

Beijing,  the  PRC,  21  April 2017

As at the date of this announcement, the directors of the Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Cao Jianxiong, Mr. Feng Gang, Mr. John Robert Slosar, Mr. Ian Sai Cheung Shiu, Mr.  Pan Xiaojiang*, Mr. Simon To Chi Keung*, Mr. Stanley Hui Hon-chung* and Mr. Li Dajin*.

*     Independent  non-executive  director  of  the Company

 

END

 

 

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