Formal Notice-Change in Directors

RNS Number : 0634M

Air China Ld

11 July 2014

 



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.

中國國際航空股份有限公司

AIR CHINA LIMITED

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

(Stock Code: 00753)

(I)   RESIGNATION OF DIRECTOR

(II)  PROPOSED APPOINTMENT OF NEW DIRECTOR

(III)  ADJUSTMENT OF COMPOSITION OF BOARD COMMITTEES

RESIGNATION OF DIRECTOR

The board of directors (the "Board") of Air China Limited (the "Company") announces that the Board has recently received a resignation letter from Mr. Sun Yude in respect of his resignation from his position as a non-executive director of the Company due to his retirement with effect from 10 July 2014. Mr. Sun also ceased to serve as the chairman of the aviation safety committee and a member of the strategy and investment committee of the Board, respectively.

Mr. Sun has confirmed that he has no disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company (the "Shareholders").

The Board wishes to take this opportunity to express its sincere gratitude to Mr. Sun for his significant contribution to the development of the Company during his tenure of office.

PROPOSED APPOINTMENT OF NEW DIRECTOR

The Company is pleased to announce that the Board resolved to propose that Mr. Feng Gang be appointed as a non-executive director of the Company. An ordinary resolution to consider and approve the appointment of Mr. Feng Gang as a non-executive director of the Company will be proposed at a general meeting of the Company.

Mr. Feng Gang, aged 51, graduated from Sichuan University majoring in semiconductor. He started his career in July 1984. Mr. Feng became the  Deputy General Manager of China Southwest Airlines in October 1995, and was the Assistant to President of Air China International Corporation since October 2002.  He  also served as General Manager and Party Secretary of China National Aviation Holding Assets Management Company since February 2003, and was appointed as the Chairman, President and Deputy Secretary of the Communist Party Committee of Shandong Aviation Group in May 2007. He has been serving as Vice President of Air China Limited since April 2010, and concurrently served as a director, President and Deputy Secretary of the Communist Party Committee of Shenzhen Airlines from May 2010 to May 2014. He has also been serving as Deputy General Manager and Member of the Communist Party Committee of China National Aviation Holding Company since April 2014.

Save as disclosed above, Mr. Feng has not held any directorship in public companies the securities of which are listed on any securities market in Hong Kong or overseas or taken up a position in any affiliated companies of the Company over the past three years, nor does Mr. Feng have any relationship with any other directors, senior management, substantial or controlling shareholders of the Company. As at the date of this announcement, Mr. Feng does not have any interest in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Mr. Feng will enter into a service contract with the Company and will not receive any remuneration from the Company during his tenure. The term of Mr. Feng's office shall commence on the date of approval by the Shareholders of his appointment and shall end on the expiry of the term of the current session of the Board.

Save as disclosed above, there is no information to be disclosed on items (h) to (v) in Rule 13.51(2) of the Listing Rules, and there are no other matters in respect of the proposed appointment of Mr. Feng that need to be brought to the attention of the Shareholders.

ADJUSTMENT OF COMPOSITION OF BOARD COMMITTEES

The  Company  is  also  pleased  to  announce  that  the  Board  resolved  to  adjust  the composition of the Board committees as follows:

·      Mr. Cai Jianjiang is appointed as a member of the nomination and remuneration committee and a member of the strategy and investment committee of the Board;

·      Mr. Song Zhiyong is appointed as the chairman of the strategy and investment committee and a member of the aviation safety committee of the Board; and

·      Mr. Feng Gang is appointed as a member of the aviation safety committee and a member of the strategy and investment committee of the Board with effect from approval by the Shareholders of his appointment as a non-executive director of the Company.

By order of the Board

Air China Limited

Rao Xinyu     Tam Shuit Mui

Joint Company Secretaries

Beijing, the PRC, 10 July 2014

As at the date of this announcement, the directors of the Company are Mr. Cai Jianjiang, Ms. Wang Yinxiang, Mr. Cao Jianxiong, Mr. John Robert Slosar, Mr. Ian Sai Cheung Shiu, Mr. Song Zhiyong, Mr. Fan Cheng, Mr. Fu Yang*, Mr. Yang Yuzhong*, Mr. Pan Xiaojiang* and Mr. Simon To Chi Keung*.

*   Independent non-executive Director of the Company

 

END

 

 

MSCLFLBFZDFZBBK