ANNOUNCEMENT ON INCREASE IN SHAREHOLDINGS
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 20 December 2013, 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 20 December 2013, CNAHC increased its shareholdings in the Company by 760,000 A shares via the trading system of the Shanghai Stock Exchange, representing approximately 0.01% 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 6,982,871,013 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 6,983,631,013 shares of the Company, representing approximately 53.37% 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 20 December 2013 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").
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 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, 23 December 2013
As at the date of this announcement, the directors of the Company are Mr. Wang Changshun, 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. Yang Yuzhong*, Mr. Pan Xiaojiang* and Mr. Simon To Chi Keung*.
* Independent non-executive Director of the Company
This information is provided by RNS
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