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RNS Number : 4817C Air China Ld 02 September 2024
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 (the "Board") of directors ("Director(s)") of Air China Limited (the
"Company") announces that, the Board received a resignation letter from Mr. Li
Fushen ("Mr. Li"), by reason of age, Mr. Li resigned from his positions as an
independent non-executive Director, the chairman and a member of the Audit and
Risk Management Committee (the Supervision Committee) of the Board, a member
of the Nomination Committee of the Board, a member of the Remuneration and
Appraisal Committee of the Board, a member of the Strategy and Investment
Committee of the Board and a member of the Aviation Safety Committee of the
Board with effect from 30 August 2024.
Mr. Li 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 and
the Board. The Board would like to express its sincere appreciation to Mr. Li
for his outstanding contribution to the Company during his tenure of office.
Following the resignation of Mr. Li, the Company will fail to meet (i) the
composition requirement of board of directors that the board of directors
shall include at least one independent non-executive director who has
appropriate professional qualifications or accounting or related financial
management expertise under Rule 3.10(2) of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules");
(ii) the composition requirement of audit committee that the audit committee
shall comprise a minimum of three members, at least one of whom is an
independent non-executive director with appropriate professional
qualifications or accounting or related financial management expertise and the
audit committee shall be chaired by an independent non-executive director
under Rule 3.21 of the Listing Rules; and (iii) the composition requirement of
nomination committee that the nomination committee shall comprise a majority
of independent non-executive directors under Rule 3.27A of the Listing Rules.
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 Rules 3.10(2), 3.21 and 3.27A of the Listing Rules. The Company will make
further announcement(s) as and when appropriate.
By Order of the Board
Air China Limited
Xiao Feng Huen Ho Yin
Joint Company Secretaries
Beijing, the PRC, 30 August 2024
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. He Yun*, Mr. Xu Junxin* and Ms. Winnie Tam Wan-chi*.
* Independent non-executive director of the Company
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