INCREASE IN HOLDINGS BY CONTROLLING SHAREHOLDER

RNS Number : 9601U

Air China Ld

04 August 2015

 



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

On 3 August 2015, 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 through acquiring A shares via the trading system of the Shanghai Stock Exchange. Details of the acquisition are as follows:

1.   FIRST SHARE ACQUISITION

On 3 August 2015, CNAHC increased its shareholdings in the Company by 8,691,786 A shares via the trading system of the Shanghai Stock Exchange, representing approximately 0.0664% of the total issued share capital of the Company (the "First Share Acquisition"). Immediately prior to the First Share Acquisition, CNAHC directly and indirectly held 6,983,881,013 shares of the Company, representing approximately 53.37% of the total issued share capital of the Company. Immediately following the First Share Acquisition, CNAHC directly and indirectly held 6,992,572,799 shares of the Company, representing approximately 53.44% of the total issued share capital of the Company.

2.   FURTHER ACQUISITION PLAN

Considering the Company's value and the current share price of the Company, CNAHC intends to continue to increase its shareholdings in the Company, either in its own name or through parties acting in concert with it, via the trading system of the Shanghai Stock Exchange within 12 months from 3 August 2015 in an aggregated amount not exceeding 2% of the total issued share capital of the Company (including the increased shareholdings in the First Share Acquisition) (the "Further Acquisition Plan")

3.    OTHER INFORMATION

The First Share Acquisition complies with the requirements of the Securities Law of the PRC and other relevant laws and regulations, departmental rules and the trading rules of the Shanghai Stock Exchange.

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 shareholdings of the Company by CNAHC under the Further Acquisition Plan and will fulfill the information disclosure obligation timely 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, 3 August 2015

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

*Independent non-executive director of the Company

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