TIDMAIRC
RNS Number : 3693Z
Air China Ld
14 March 2017
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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.
AIR CHINA LIMITED
(a joint stock limited company incorporated in the People's
Republic of China with limited liability)
(Stock Code: 00753)
AMENDMENTS TO THE ARTICLES OF ASSOCIATION
References are made to (i) the poll results announcement of the
extraordinary general meeting, the H
shareholders' class meeting and the A shareholders' class
meeting of Air China Limited (the "Company") dated 23 January 2017;
and (ii) the announcement of the Company dated 13 March 2017 in
relation to the completion of the non-public A share issue of the
Company (the "Non-public A Share Issue") .
At the extraordinary general meeting of the Company on 23
January 2017, the shareholders of the
Company considered and approved the extension of the validity
period of the authorisation granted to the board of directors of
the Company (the "Board") and the Board's authorised person (s) to
handle all relevant matters relating to the Non-public A Share
Issue. As the Non-public A Share Issue was completed on 10 March
2017, the chairman of the Board has decided that certain provisions
in the Articles of Association will be amended to reflect the
completion of the Non-public A Share Issue.
The amendments to the Articles of Association (the "Current
Amendments") are as follows:
1. The original eighth paragraph of Article 20 of the Articles of Association reads:
"The present share capital structure of the Company is as
follows: the Company has a total of
13,084,751,004 ordinary shares in issue, of which 8,522,067,640
shares are held by holders of A Shares, representing approximately
65.13% of the Company's total share capital, and 4,562,683,364
shares are held by holders of H Shares, representing approximately
34.87% of the Company's total share capital."
An additional provision shall be added as the eighth paragraph
and the original eighth paragraph
(now the ninth paragraph) of Article 20 is amended as
follows:
"Upon the completion of the aforesaid non-public issue of A
Shares, as approved by the
approving authority authorised by the State Council, the Company
has issued 1,440,064,181 A Shares on a non-public issue basis in
the year of 2017.
The present share capital structure of the Company is as
follows: the Company has a total of
14,524,815,185 ordinary shares in issue, of which 9,962,131,821
shares are held by holders of A Shares, representing approximately
68.59% of the Company's total share capital, and 4,562,683,364
shares are held by holders of H Shares, representing approximately
31.41% of the Company's total share capital."
2. The original Article 23 of the Articles of Association reads:
"The registered capital of the Company is
RMB13,084,751,004."
Article 23 is amended as:
"The registered capital of the Company is
RMB14,524,815,185."
The Current Amendments will become effective after acquiring the
approval by the relevant
regulatory authorities, which will be announced in due
course.
By order of the Board
Air China Limited
Rao Xinyu Tam Shuit Mui
Joint Company Secretaries
Beijing, the PRC, 13 March 2017
As at the date of this announcement, the directors of the
Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Cao Jianxiong,
Mr. Feng Gang, Mr. John Robert Slosar, Mr. Ian Sai Cheung Shiu, Mr.
Pan Xiaojiang*, Mr. Simon To Chi Keung*, Mr. Stanley Hui Hon-chung*
and Mr. Li Dajin*.
* Independent non-executive director of the Company
This information is provided by RNS
The company news service from the London Stock Exchange
END
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