CSRC'S APPROVAL ON NON-PUBLIC A SHARE ISSUE
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)
CSRC'S APPROVAL ON NON-PUBLIC A SHARE ISSUE
Overseas Regulatory Announcement
Air China Limited (the "Company") published the overseas regulatory announcement regarding the obtaining by China National Aviation Holding Company of allocation of state-owned capital operation budget dated 31 August 2011 and the overseas regulatory announcement regarding the obtaining by China National Aviation Holding Company of allocation of energy-saving and emission-reduction funds under state-owned capital operation budget dated 17 January 2012 respectively. The Company's controlling shareholder, China National Aviation Holding Company ("CNAHC"), received state-owned capital operation budget of RMB1,050.74 million in total, which would be used towards capital expenditures for certain projects of the Company.
As approved by the shareholders at the 2012 second extraordinary general meeting of the Company held on 26 June 2012, CNAHC would apply the abovementioned state-owned capital operation budget in an amount of RMB1,050.74 million towards subscription of 188,642,729 A shares to be issued by the Company at an issue price of RMB5.57 per share (the "Non-public A Share Issue"). In light of the implementation of the Company's profit distribution plan for 2011 on 23 July 2012, the issue price and number of shares to be issued under the Non-public A Share Issue were adjusted to RMB5.45 per share and 192,796,331 shares in accordance with the relevant provisions under the Rules Governing the Trading of Stocks on the Shanghai Stock Exchange. For details of the adjustments, please refer to "the Announcement on Adjustment to Issue Price and Number of Shares to be Issued of the Non-public A Share Issue following the Implementation of the Profit Distribution Plan for 2011" published by the Company on 24 July 2012.
As of 31 October 2012, the Public Offering Review Committee of China Securities Regulatory Commission ("CSRC") has reviewed the application for the Non-public A Share Issue by the Company. According to the review results, the application for the Non-public A Share Issue by the Company has been approved. The Company will publish a further announcement once the Company receives a formal approval from CSRC.
This announcement is issued by the Company pursuant to Rule 13.09(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, 1 November 2012
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. Li Shuang*, Mr. Han Fangming* and Mr. Yang Yuzhong*.
* Independent non-executive director of the Company
This information is provided by RNS
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