REG - Air China Ld - Change of President & Director & EGM Book Closure

Air ChinaAnnouncement

06/03/2026 10:30

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RNS Number : 6922V  Air China Ld  06 March 2026

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 PRESIDENT AND EXECUTIVE DIRECTOR APPOINTMENT OF PRESIDENT AND
PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR

AND

BOOK CLOSURE PERIOD FOR EXTRAORDINARY SHAREHOLDERS' MEETING

 

RESIGNATION OF PRESIDENT AND EXECUTIVE DIRECTOR

 

The board ("Board") of directors ("Director(s)") of Air China Limited (the
"Company") announces that, due to retirement, Mr. Wang Mingyuan ("Mr. Wang")
resigned as the Vice Chairman of the Board, an executive Director, the
chairman and a member of the Aviation Safety Committee under the Board and the
President of the Company on 5 March 2026 with effect from the same day. Mr.
Wang has confirmed that he has no disagreements with the Board and the
Company, and that there are no other matters relating to the above resignation
that need to be brought to the attention of the shareholders of the Company
("Shareholder(s)").

 

The Board would like to express its sincere appreciation to Mr. Wang for his
outstanding contributions to the Company during his tenure of office.

 

APPOINTMENT OF PRESIDENT AND PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR

 

The Board resolved to appoint Mr. Qu Guangji ("Mr. Qu") as the President of
the Company on 5 March 2026 with effect from the same day.

The Board also resolved on the same day to propose the appointment of Mr. Qu
as an executive Director and Vice Chairman of the Company. The proposed
appointment of Mr. Qu as an executive Director of the Company is subject to
the approval by the Shareholders at a shareholders' meeting of the Company.
Mr. Qu's appointment as Vice Chairman of the Board of the Company shall take
effect immediately upon the approval of the resolution appointing him as an
executive Director of the Company at the shareholders' meeting of the Company.
Mr. Qu will enter into a service contract with the Company for serving as a
Director of the Company for a term commencing on the date of approval by the
Shareholders of his appointment and ending on the expiry of the term of the
current session of the Board. Mr. Qu will not receive any remuneration for his
serving as the President and a Director of the Company.

 

The biographical details of Mr. Qu are as follows:

 

Mr. Qu Guangji, aged 56, graduated from the Department of Economics and
Statistics of Xi'an Institute of Statistics with a bachelor's degree in
Statistics, obtained a master's degree in Economics from Dongbei University of
Finance and Economics, and achieved an Executive Master of Business
Administration (EMBA) degree from Tsinghua University, French National School
of Bridges and Roads and National School of Civil Aviation when he was on the
job. He is an economist. Mr. Qu started his career in July 1993, once served
as the General Manager of the Transportation Network Department of the
Marketing Committee, the General Manager of the Network Revenue Department of
the Marketing Committee, the Deputy Director General of the Marketing
Committee, the President of Hubei Branch, the President of Xinjiang Branch,
the President of Shenzhen Branch of China Southern Airlines Company Limited.
From July 2023 to January 2026, Mr. Qu served as the Deputy General Manager
and a member of the Party Leadership Group of China Southern Air Holding
Company Limited, as well as the Deputy General Manager and a member of the
Party Committee of China Southern Airlines Company Limited. Since January
2024, Mr. Qu has been serving as a non- executive director of TravelSky
Technology Limited. He has been serving as a director, the General Manager and
the Deputy Secretary of the Party Leadership Group of China National Aviation
Holding Corporation Limited since January 2026, and as the President of the
Company since March 2026.

 

Save as disclosed above, as at the date of this announcement, Mr. Qu does not
have any relationship with the Directors, senior management, substantial
Shareholder(s) or controlling Shareholder(s) of the Company nor hold any other
positions in the Company or any of its subsidiaries, or any directorships in
other listed companies in the last three years.

 

As at the date of this announcement, Mr. Qu does not have any interests in any
shares of the Company within the meaning of Part XV of the Securities and
Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

 

Save as disclosed above, the Board is not aware of any other matters in
relation to the appointment of Mr. Qu as the President of the Company and the
proposed appointment of Mr. Qu as an executive Director of the Company that
need to be brought to the attention of the Shareholders, nor is it aware of
any information that is required to be disclosed pursuant to Rules 13.51(2)(h)
to (v) of The Rules Governing the Listing of Securities on The Stock Exchange
of Hong Kong Limited.

 

BOOK CLOSURE PERIOD FOR EXTRAORDINARY SHAREHOLDERS' MEETING

 

The Company will hold an extraordinary shareholders' meeting (the "EGM") on
Wednesday, 25 March 2026. The register of members of H shares of the Company
("H Share(s)") will be closed from Friday, 20 March 2026 to Wednesday, 25
March 2026 (both days inclusive), during which period no transfer of H Shares
will be effected. In order to qualify for attendance and voting at the EGM,
the holders of H Shares must return all the transfer documents to the
Company's H Share registrar in Hong Kong, Computershare Hong Kong Investor
Services Limited, at Shops 1712-1716, 17/F, Hopewell Centre, 183 Queen's Road
East, Wan Chai, Hong Kong by 4:30 p.m. on Thursday, 19 March 2026. The holders
of H Shares whose names appear on the register of members of the Company at
the close of business on Thursday, 19 March 2026 are entitled to attend and
vote at the EGM.

 

A circular and a notice of the EGM containing, among others, detailed
information of the proposed appointment of Mr. Qu as an executive Director of
the Company will be published in due course.

 

By Order of the Board

Air China Limited

Xiao Feng

Company Secretary

 

Beijing, the PRC, 5 March 2026

 

As at the date of this announcement, the directors of the Company are Mr. Liu
Tiexiang, Mr. Cui Xiaofeng, Mr. Patrick Healy, Mr. Xiao Peng, Mr. Xu Niansha*,
Mr. He Yun*, Ms. Winnie Tam Wan- chi* and Mr. Gao Chunlei*.

 

*        Independent non-executive director of the Company

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