Air China Ld

Share Issue/Capital Change • Jan 20, 2020

National Storage Mechanism | Additional information

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RNS Number : 2853A

Air China Ld

20 January 2020

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.

中國國際航空股份有限公司

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 PUBLIC ISSUE OF CORPORATE BONDS OVERSEAS  REGULATORY ANNOUNCEMENT

Reference is made to the announcement of  Air China Limited (the  "Company") dated 30 May 2019  on the poll results of the 2018 annual general meeting, relating to,  among  other  things,  the authorisation granted by the shareholders' meeting to the board of directors (the "Board") (and the Board's  authorised  person(s))  to  issue  debt  financing instruments.

The Board hereby announces that on 17 January 2020, the Company received the Approval Document Zheng Jian Xu Ke [2020] No. 60 from the China Securities Regulatory Commission ( 中 國 證 券 監 督管 理 委 員 會 ) (the "CSRC") (the "CSRC's Approval"), which approved the Company's public issue of corporate bonds with an aggregate principal amount of no more than RMB16,000,000,000 (the "Corporate Bonds") to qualified investors in the PRC. The Corporate Bonds will be issued in stages, with the first tranche of the Corporate Bonds to be issued within 12 months from the date of approval      of the issue by the CSRC (8 January 2020) and the other tranches to be issued within 24 months from    the date of approval of the issue by the CSRC. The CSRC's Approval is valid for 24  months  commencing from the date of approval of the issue by the CSRC.

By  Order  of  the Board

Air  China Limited

Zhou Feng         Tam  Shuit Mui

Joint  Company Secretaries

Beijing,  the  PRC,  17  January 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. Liu Deheng*, Mr. Stanley      Hui  Hon-chung*  and  Mr.  Li Dajin*.

*     Independent  non-executive  director  of  the Company

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