EXTENSION OF TIME FOR APPOINTMENT OF INED
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.
中
AIR CHINA LIMITED
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 00753)
EXTENSION OF TIME FOR APPOINTMENT
OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Reference is made to the announcements of Air China Limited (the "Company") dated 21 January 2020 and 23 January 2020 in relation to, among others, following the resignation of Mr. Liu Deheng ("Mr. Liu") as an independent non-executive director of the Company and other duties on 21 January 2020, the Company failed to meet the requirement of at least one of the independent non-executive directors having appropriate professional qualifications or appropriate accounting or related financial management expertise under Rule 3.10(2) and the composition requirement of the audit committee under Rule 3.21 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Pursuant to Rules 3.11 and 3.23 of the Listing Rules, the Company shall appoint successor independent non-executive director and member of the audit and risk management committee within three months from the date of its non-compliance with Rules 3.10(2) and 3.21 of the Listing Rules (i.e. by 21 April 2020).
Over the past few months, the Company has been actively seeking for independent non-executive director with the relevant qualifications to fill the vacancy. As more time is required for the Company to complete the engagement, nomination and appointment procedures in relation to the appointment of the independent non-executive director, the Company has applied to the Stock Exchange and the Stock Exchange has agreed to grant a waiver from strict compliance with Rules 3.10(2) and 3.21 of the Listing Rules, and extend the deadline for filling the vacancy from 21April 2020 to 21 July 2020.
The Company will endeavour to appoint appropriate candidate to fill the vacancy in order to comply with the relevant requirements of the Listing Rules as soon as practicable, and make further announcement as and when appropriate.
By Order of the Board
Air China Limited
Zhou Feng Tam Shuit Mui
Joint Company Secretaries
Beijing, the PRC, 21 April 2020
As at the date of this announcement, the directors of the Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Patrick Healy, Mr. Xue Yasong, Mr. Wang Xiaokang*, Mr. Stanley Hui Hon-chung* and Mr. Li Dajin*.
* Independent non-executive director of the Company
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