PROPOSED CHANGE OF SUPERVISOR

RNS Number : 8797D

Air China Ld

12 July 2016

 

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)

PROPOSED  CHANGE  OF SUPERVISOR

Air China Limited (the "Company") announces that, on 11 July 2016, the supervisory committee of the Company (the "Supervisory Committee") approved the nomination of  Mr.  Wang  Zhengang ("Mr. Wang") as a shareholder representative supervisor of the Company, subject to the approval by the shareholders of the Company (the "Shareholders") at a general meeting. Accordingly,  if  Mr. Wang's appointment is approved at the general meeting, Mr. Li Qinglin shall cease to be a shareholder representative supervisor with effect from the date of approval by the Shareholders of Mr. Wang's appointment. The Company will make further announcement(s) on the general meeting and cessation of Mr. Li Qinglin's office as a shareholder representative supervisor and the chairman of the Supervisory  Committee  in  due course.

The biographical details of Mr. Wang are set out below:

Mr. Wang Zhengang, aged 58, is a senior accountant who graduated from the Anti Chemical Command and Engineering Institute of the Chinese People's Liberation Army  with  a  bachelor's degree in Economics. Since July 2011, he has been serving as a director, the president and a member of the Communist Party Committee of China National Aviation Corporation (Group) Limited and the chairman of the board of directors of Chinawings Aviation Technology Co., Ltd. Since September 2014, Mr. Wang has also been serving as an assistant general manager of China National Aviation Holding Company. Mr. Wang is also a member of the twelfth session of the committee of Beijing Municipality for the Chinese People's Political Consultative Conference (the "CPPCC") and a member of the fourth session of the standing committee of Shunyi District in Beijing Municipality for the CPPCC.

Save as disclosed above, Mr. Wang does not hold any directorship in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years, nor does Mr. Wang hold any other position with the Company or any of its subsidiaries.

Save as disclosed above, Mr. Wang does not have any relationship with any director, senior management, substantial shareholder or controlling shareholder of the Company. Mr. Wang has no interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The Company will enter into a service agreement with Mr. Wang upon the approval of his appointment at the general meeting. Mr. Wang is not expected to receive any emolument serving as a supervisor of the Company. The term of Mr. Wang's appointment shall commence upon approval by the Shareholders at the general meeting and end upon the expiry of the term of the current session of the  Supervisory Committee.

Save as disclosed above, there are no other matters relating to the above appointment that need to be brought to the attention of the Shareholders and there is no other information that should be disclosed pursuant to items (h) to (v) under Rule 13.51(2) of the Rules Governing the Listing of Securities on The  Stock  Exchange  of  Hong  Kong Limited.

By  order  of  the Board

Air  China Limited

Rao Xinyu       Tam  Shuit Mui

Joint  Company Secretaries

Beijing,  the  PRC,  11  July 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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