REG - Air China Ld - PROPOSED CHANGE OF AUDITORS

Air ChinaAnnouncement

28/03/2025 14:30

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RNS Number : 7534C  Air China Ld  28 March 2025

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)

 

PROPOSED CHANGE OF AUDITORS

 

This announcement is made by Air China Limited (the "Company") pursuant to
Rule 13.51(4) of the Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited.

 

Deloitte Touche Tohmatsu and Deloitte Touche Tohmatsu Certified Public
Accountants LLP (collectively, "Deloitte") have been providing audit services
to the Company for eight consecutive years. In accordance with the relevant
provisions of the Measures for the Administration of Selection

and Engagement of Accounting Firms by State-owned Enterprises and Listed
Companies 《( 國有企

業、上市公司選聘會計師事務所管理辦法》), following the
procurement process and based on the

results thereof, the board of directors (the "Director(s)") of the Company
(the "Board") has resolved, with the recommendation from the Audit and Risk
Management Committee (the Supervision Committee) of the Board, to propose to
appoint KPMG Huazhen LLP as the Company's domestic auditor and internal
control auditor for 2025 and KPMG as the Company's international auditor for
2025 (the "Proposed Appointment"). The estimated annual audit fees for the
year 2025 amount to RMB11.149 million, of which the fees for audit and review
of financial reports amount to RMB10.149 million and the audit fees for
internal control amount to RMB1.00 million, remaining basically unchanged from
the previous year's annual audit fees of RMB11.242 million.

 

The Proposed Appointment is subject to the approval of the shareholders of the
Company (the "Shareholder(s)") at the upcoming 2024 annual general meeting of
the Company (the "AGM"). Upon approval at the AGM, Deloitte will cease to be
the auditors of the Company.

 

Deloitte has confirmed that there were no matters relating to their retirement
as auditors of the Company that need to be brought to the attention of the
Shareholders. The Company also confirmed that there was no disagreement
between the Company and Deloitte regarding work arrangements, fees or
opinions.

The Audit and Risk Management Committee (the Supervision Committee), having
reviewed the credentials of KPMG and KPMG Huazhen LLP, including their basic
information, personnel details, professional competence, investor protection
capability, integrity status and independence, considers that they can meet
the requirements for providing audit services to the Company, and the reasons
for changing the auditors are sufficient and appropriate.

The Board would like to take this opportunity to express its sincere gratitude
to Deloitte for their professional services provided to the Company for the
past years.

By Order of the Board

Air China Limited

  Xiao Feng   Huen Ho Yin

Joint Company Secretaries

 

                Beijing, the PRC, 27 March 2025

As at the date of this announcement, the directors of the Company are Mr. Ma
Chongxian, Mr. Wang Mingyuan, 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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