Air China Ld

Regulatory Filings • Feb 10, 2021

National Storage Mechanism | Additional information

RNS Number : 5522O

Air China Ld

10 February 2021

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)

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board of directors (the "Board") of Air China Limited  (the  "Company")  announces  that  the Board received a resignation letter from Mr. Wang Xiaokang ("Mr. Wang"), pursuant to which he resigned from his positions as  an  independent non-executive director of the Company and a member of the Nomination and  Remuneration Committee of the Board due  to his age. This resignation  shall  take effect from 9 February 2021.

Mr. Wang has confirmed that he has no disagreement with the Board and the Company and that there is no any other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board would like to express its sincere thanks to Mr. Wang for his contribution to the Company during his tenure.

Following the resignation of Mr. Wang, the Company will fail to meet  (i)  the  composition  requirement of remuneration committee that the remuneration committee shall comprise a majority of independent non-executive directors under Rule 3.25 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Hong Kong Listing Rules"); and (ii) the composition requirement of nomination committee that the nomination committee shall comprise a majority of independent non-executive directors under Code Provision A.5.1 of the Corporate Governance Code set out in Appendix 14 to the Hong Kong Listing Rules  (the  "Corporate  Governance Code").

The Company will seek suitable candidate to fill the vacancy and expects replacement to be appointed within three months from the date hereof pursuant to Rule 3.25 of the Hong Kong Listing Rules and Code Provision A.5.1 of the Corporate Governance Code. The Company will make  further announcement as and when appropriate.

By order of the Board

Air China Limited

Zhou Feng

Company Secretary

Beijing, the PRC, 9 February 2021

As at the date of this announcement, the directors of the Company are Mr. Song Zhiyong, Mr. Feng  Gang, Mr. Patrick Healy, Mr. Xue Yasong, Mr. Duan Hongyi*, Mr. Stanley Hui Hon-chung* and Mr. Li Dajin*.

*    Independent non-executive director of the Company

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