RESIGNATION OF CHAIRMAN
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 whatsoever 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)
RESIGNATION OF CHAIRMAN
AND
CHANGE IN DIRECTORS
|
The board of directors (the "Board") of Air China Limited (the "Company") announces that Mr. Kong Dong has rendered his resignations from his positions as chairman and a non-executive director of the Company effective upon the approval by the shareholders of the Company (the "Shareholders") of the appointment of a new director. With effect from the resignation of Mr. Kong, the Company shall convene a Board meeting as soon as practicable for the purpose of filling the vacancy of its chairman. The Company will issue further announcement in accordance with the requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
The Board further announces that Mr. Wang Changshun has been appointed as a non-executive director of the Company subject to the approval of the Shareholders. |
Resignation of CHAIRMAN
The Board announces that Mr. Kong Dong has rendered his resignations from his positions as chairman and a non-executive director of the Company due to retirement effective upon the approval by the Shareholders of the appointment of a new director. Following the resignation of Mr. Kong, there remains the outstanding appointment of chairman of the Company. With effect from the resignation of Mr. Kong, the Company shall convene a Board meeting as soon as practicable for the purpose of filling such vacancy. The Company will issue further announcement in accordance with the requirements of the Listing Rules. Meanwhile, Mr. Kong will cease to serve as a member of the Nomination and Remuneration Committee and Strategy and Investment Committee of the Board upon his resignation becoming effective, respectively.
Mr. Kong has confirmed that he has no disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the Shareholders.
The Board wishes to take this opportunity to express its sincere gratitude to Mr. Kong for his contribution to the Company during his tenure.
Proposed Appointment of New Director
The Company is pleased to announce that the Board resolved to propose that Mr. Wang Changshun be appointed as a non-executive director of the Company. An ordinary resolution to consider and approve the appointment of Mr. Wang Changshun will be proposed at an extraordinary general meeting of the Company.
Mr. Wang Changshun, aged 54, graduated from University of Science and Technology of China with a Ph.D. degree in Management Science and Engineering. Mr. Wang was ever Secretary of Communist Party Committee and Deputy Director of Xin Jiang Regional Administration (新疆管理局)
and served as Deputy General Manager, a Member of the Standing Committee to the Communist Party Committee and Secretary of Communist Party Committee of Xinjiang Airlines (新疆航空公司). From October 2000 to September 2002, Mr. Wang worked as General Manager, Deputy Chairman of the Board and Deputy Secretary of Communist Party Committee of China Southern Airlines Company Limited. Mr. Wang served as Deputy General Manager and a Member of Communist Party Committee of China Southern Air Holding Company and General Manager, Deputy Chairman of the Board and Deputy Secretary of Communist Party Committee of China Southern Airlines Company Limited from September 2002 to August 2004. Mr. Wang became Deputy Director and a Member of Communist Party Committee of General Administration of Civil Aviation of China from August 2004 to March 2008. Mr. Wang served as a Member of Communist Party Committee and Deputy Director of Civil Aviation Administration of China ("CAAC") and Secretary of Communist Party Committee of the department directly administered by CAAC and Chairman of National Labor Union of Civil Aviation（全國民航工會）from March 2008 to October 2011. Mr. Wang has served as General Manager and Deputy Secretary of Communist Party Committee of China National Aviation Holding Company since October 2011.
Save as disclosed above, Mr. Wang has not held any other directorships in public companies the securities of which are listed in any securities market in Hong Kong or overseas or taken up a position in any affiliated companies of the Company over the past three years. Mr. Wang does not have any relationship with any other directors, senior management, substantial shareholders or controlling shareholder of the Company.
As at the date of this announcement, Mr. Wang does not have any equity interest in the Company within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). There is no information to be disclosed on items from (h) to (v) in Rule 13.51(2) of the Listing Rules, and there are no other matters that need to be brought to the attention of the Shareholders in respect of the proposed appointment of Mr. Wang.
Mr. Wang will enter into a service contract with the Company and will not receive any remuneration from the Company during his tenure. The term of Mr. Wang's office shall commence on the date of approval by the Shareholders of his appointment and shall end on the expiry of the term of the current session of the Board.
By Order of the Board
Air China Limited
Rao Xinyu Tam Shuit Mui
Joint Company Secretaries
Beijing, 28 December 2011
As at the date of this announcement, the Directors are Mr. Kong Dong, 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
This information is provided by RNS
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