Change of shareholding

RNS Number : 5652U

Air China Ld

23 December 2011

 



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 Increase in Shareholdings of

the Company by Controlling Shareholder

Air China Limited (the "Company") received a notice from China National Aviation Holding Company ("CNAHC"), its controlling shareholder, that CNAHC has increased its shareholdings in the Company by certain shares via the trading system of the Shanghai Stock Exchange on 21 December 2011. Details of the acquisition are as follows:

1.       First Share Acquisition

On 21 December 2011, CNAHC increased its shareholdings in the Company by 13,823,559 A shares via the trading system of the Shanghai Stock Exchange, representing 0.11% of the total share capital of the Company (the "First Share Acquisition"). Immediately prior to the First Share Acquisition, CNAHC directly and indirectly held 6,634,935,166 shares of the Company, representing approximately 51.47% of the total share capital of the Company. Immediately following the First Share Acquisition, CNAHC directly and indirectly held 6,648,758,725 shares of the Company, representing approximately 51.57% of the total share capital of the Company.

2.       Further Acquisition Plan

CNAHC intends to continue to increase its shareholdings in the Company by A shares, either in its own name or through parties acting in concert with it, via the secondary market within 12 months from 21 December 2011 in an aggregated amount not exceeding 2% of the total share capital of the Company (including the shares in the First Share Acquisition) (the "Further Acquisition Plan"). CNAHC undertakes that it will not sell any shares it held in the Company during the period of the implementation of the Further Acquisition Plan and within the statutory period.

The Company will continue to monitor the increase in the shareholdings of the Company by the controlling shareholder and will make timely announcement in accordance with the relevant rules and regulations.

By Order of the Board

Air China Limited

Rao Xinyu   Tam Shuit Mui

Joint Company Secretaries

Beijing, the PRC, 22 December 2011

As at the date of this announcement, the directors of the Company are Mr. Kong Dong, Ms. Wang Yinxiang, Mr. Cao Jianxiong, Mr. Sun Yude, Mr. Christopher Dale Pratt, Mr. Ian Sai Cheung Shiu, Mr. Cai Jianjiang, Mr. Fan Cheng, Mr. Fu Yang*, Mr. Li Shuang*, Mr. Han Fangming* and Mr. Yang Yuzhong*.

*　Independent non-executive director of the Company

 

END

 

 

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