Air China Ld

AGM Information • May 27, 2020

National Storage Mechanism | Additional information

RNS Number : 0096O

Air China Ld

27 May 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)

POLL  RESULTS  OF  2019  ANNUAL  GENERAL MEETING 

The Board is pleased to announce that the resolutions set out in the Notice and the Supplemental Notice were duly passed by the Shareholders by way of poll at the AGM  held  at  11:00  a.m.  on Tuesday, 26 May 2020 at The Conference Room C713,  No.  30,  Tianzhu  Road,  Airport  Industrial Zone,  Shunyi  District,  Beijing,  the PRC.

Reference is made to the notice of the AGM dated 9 April 2020 (the "Notice") and the supplemental notice of the AGM dated 11 May 2020 of the  Company  (the  "Supplemental  Notice")  containing details of the resolutions tabled at the AGM. Unless otherwise stated herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Notice and the Supplemental Notice.

RESULTS  OF  THE AGM

As at the date of the AGM, the number of total issued shares of the Company was 14,524,815,185. Shareholders and authorized proxies holding an aggregate of 10,792,001,697 shares, representing 74.3005% of the total issued share capital of the Company were present at the AGM.

There were no shares the holder of which is required under The Rules Governing the Listing  of  Securities on The Stock Exchange of Hong Kong Limited (the  "Hong  Kong  Listing  Rules")  to  abstain from voting on the resolutions proposed at the AGM.  There  were  no  shares  entitling  the  holder to attend and abstain from voting in favour of the resolutions proposed at the AGM as set out in Rule 13.40 of the Hong Kong Listing Rules. No parties have stated their intention in the Notice and the Supplemental Notice to vote against the resolutions proposed at the AGM or to abstain from voting.

The poll results in respect of the resolutions proposed at the AGM were as follows:

ORDINARY  RESOLUTIONS		Votes for Shareholders
For	Against	Abstain
1.	To consider and approve the 2019 work report of the board of directors (the "Board") of the Company.	10,787,337,263 (99.9568%)	45,400 (0.0004%)	4,619,034 (0.0428%)
2.	To consider and approve the 2019 work report of the supervisory committee of the Company.	10,787,337,363 (99.9568%)	45,400 (0.0004%)	4,618,934 (0.0428%)
3.	To consider and approve the appointment of Mr. Feng Gang as a non-executive director of the Company.	10,769,760,669 (99.7939%)	21,417,668 (0.1985%)	823,360 (0.0076%)
4.	To consider and approve the audited consolidated financial statements of the Company for the year 2019 prepared under the PRC Accounting Standards and the International Financial Reporting Standards.	10,786,566,963 (99.9496%)	814,540 (0.0075%)	4,620,194 (0.0428%)
5.	To consider and approve the profit distribution proposal for the year 2019 as recommended by the Board.	10,791,126,797 (99.9919%)	52,800 (0.0005%)	822,100 (0.0076%)
6.	To consider and approve the re-appointment of Deloitte Touche Tohmatsu as the Company's international auditor for the year 2020 and Deloitte Touche Tohmatsu Certified Public Accountants LLP as the Company's domestic auditor and internal control auditor for the year 2020, and to authorise the management to determine their remunerations for the year 2020.	10,791,130,157 (99.9919%)	48,200 (0.0004%)	823,340 (0.0076%)
As more than 50% of the votes were cast in favour of the above resolutions, the resolutions were duly passed as ordinary resolutions.

SPECIAL  RESOLUTION		Votes for Shareholders
For	Against	Abstain
7.	To  consider  and  approve  the  resolution in	10,442,016,892	263,599,405	86,385,400
	relation to the grant of general mandate to the Board to issue debt financing instruments.	(96.7570%)	(2.4425%)	(0.8005%)
As more than two-thirds of the votes were cast in favour of the above resolution, the resolution was duly passed as a special resolution.
ORDINARY  RESOLUTION		Votes for Shareholders
For	Against	Abstain
8.	To consider and approve the appointment of	10,785,095,035	5,630,502	1,276,160
	Mr. Duan Hongyi as an independent non- executive director of the fifth session of  the	(99.9360%)	(0.0522%)	(0.0118%)
	Board of  the Company and authorise    the
	nomination and remuneration committee of
	the Board to determine Mr. Duan   Hongyi's
	director emoluments based on   actual
	circumstances upon  his  election as  an
	independent non-executive director of the
	Company.
As more than 50% of the votes were cast in favour of the above resolution, the resolution was duly passed as an ordinary resolution.

Zhongxinghua Certified Public Accountants LLP was the scrutineer for the vote-taking at the AGM.

The Shareholders approved the profit distribution proposal and declaration of a final dividend of RMB0.4442 (including tax) per ten shares (equivalent to HK$0.4854  per  ten  shares)  for  the  year  ended 31 December 2019. The amount of Hong Kong dollars payable shall be calculated on the basis of the average of the middle rate of Renminbi to Hong Kong dollars as announced by the People's Bank of China for the calendar week prior to the declaration of the final dividend for the year ended 31 December 2019 at the AGM (RMB0.9152 equivalent to  HK$1.00).  The Company will make further announcement on details of the payment of such dividends as and when appropriate.

By Order of the Board

Air China Limited

Zhou Feng    Huen Ho Yin

Joint Company Secretaries

Beijing,  the  PRC,  26  May 2020

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

*     Independent  non-executive  director  of  the Company

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

RAGGDGDUCUDDGGR