POLL RESULT OF EXTRAORDINARY GENERAL MEETING

RNS Number : 0508S

Air China Ld

16 December 2016

 

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AIR CHINA LIMITED

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

(Stock Code:00753)

POLL  RESULT  OF  EXTRAORDINARY  GENERAL MEETING

The board of directors (the "Board") of Air China Limited (the "Company")  is  pleased  to  announce the result of the resolution passed at the extraordinary general meeting of the Company  held  on  15  December  2016  (the "EGM").

References are made to: (i) the announcement of the Company dated 30 August 2016 relating to the continuing connected transactions (the "Announcement"); (ii) the circular of the Company dated 14 September 2016 (the "Circular") containing details of the resolution tabled at the EGM; and (iii) the notice of the EGM dated 28 October 2016. Unless otherwise indicated, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that the proposed resolution set out in the notice of the EGM was   duly passed by the shareholders of the Company (the "Shareholders") by way of poll at the EGM      held on Thursday, 15 December 2016 at the Conference Room One, 29/F, Air China Building, 36 Xiaoyun  Road,  Chaoyang  District,  Beijing,  the PRC.

RESULT  OF  THE EGM

As at the date of the EGM, the total number of shares issued by the Company was 13,084,751,004   shares.

Cathay Pacific, being a substantial shareholder of the Company and Air China Cargo Co., Ltd., has a material interest in the proposed resolution, and is required to abstain, and has abstained, from voting    on the resolution at the EGM. As at the date of the EGM, Cathay Pacific held an aggregate of 2,633,725,455 shares.  Accordingly, the  total  number of shares  entitling the  Independent  Shareholders

to attend and vote for or against the proposed resolution was 10,451,025,549 shares. The Shareholders  and authorised proxies holding in aggregate 7,626,715,706  shares,  entitling  them  to  vote  for  or  against  the  proposed resolution,  were present  at  the  EGM.

Save as disclosed above, there were no other restrictions on any Shareholders to cast votes on the following  resolution  proposed  at  the EGM.

The poll result in respect of the proposed resolution at the EGM was as follows:

ORDINARY  RESOLUTION	Votes  for Shareholders
	For	Against
To consider and approve (i) the framework agreement dated 30 August 2016 entered into between the Company and Air China Cargo Co., Ltd. in respect of the continuing connected transactions for the three years from 1 January 2017 to 31  December 2019 and (ii) the proposed annual caps  for  the continuing connected transactions contemplated thereunder, the details of which are set out in the Circular.	7,626,681,666 (99.9996%)	34,040 (0.0004%)
As more than 50% of the votes were cast in favour of the above resolution, the resolution was duly passed  as  an  ordinary resolution.

KPMG Huazhen LLP was the scrutineer for the vote-taking at the EGM.

By  order  of  the Board

Air  China Limited

Rao Xinyu      Tam  Shuit Mui

Joint  Company Secretaries

Beijing,  the  PRC,  15  December 2016

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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