INSIDE INFORMATION ANNOUNCEMENT
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)
INSIDE INFORMATION ANNOUNCEMENT
This announcement is made by Air China Limited (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provision under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The Company hereby announces that the Company is planning to acquire the control of Shandong Aviation Group Company Limited ( 山 , "Shandong Aviation Group Corporation"), and thereby acquiring the control of Shandong Airlines Co., Ltd. ( 山 , " Shandong Airlines ") (the "Transaction"). As of the date of this announcement, Shandong Aviation Group Corporation is held as to 49.4% by the Company and is an associate of the Company, and Shandong Airlines is held as to 22.8% by the Company and 42% by Shandong Aviation Group Corporation. The Transaction is currently at negotiation stage and no due diligence, audit, valuation and other related works have been completed. The Company and the counterparties have not yet signed any transaction agreement in relation to the Transaction and the specific proposal of the Transaction is still under planning. There is significant uncertainty as to whether the parties to the Transaction will ultimately reach an agreement on the Transaction and sign the relevant agreement.
The Transaction does not involve issue of shares by the Company to purchase assets, does not constitute a change in the shareholding of the Company and does not involve a change in the controlling interest of the Company. If the Transaction is materialized, it may constitute a notifiable transaction of the Company under Chapter 14 of the Listing Rules. However, there is no assurance that the parties will enter into a definitive agreement or that the Transaction will be implemented or finalized. The Company will fulfill its disclosure obligations under the Listing Rules and the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) in a timely manner.
Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.
By Order of the Board
Air China Limited
Huang Bin Huen Ho Yin
Joint Company Secretaries
Beijing, the PRC, 30 May 2022
As at the date of this announcement, the directors of the Company are Mr. Song Zhiyong, Mr. Ma Chongxian, Mr. Feng Gang, Mr. Patrick Healy, Mr. Li Fushen*, Mr. He Yun*, Mr. Xu Junxin* and Ms. Winnie Tam Wan-chi*.
* Independent non-executive director of the Company
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