BOC Aviation to renew connected transaction agreements

BOC Aviation (HKEX: 2588) is seeking to renew its continuing connected transaction agreements with Bank of China (BOC) and BOCHK Holdings, both connected persons of the company. The renewals pertain to the BOC Loan Framework Agreement and the BOCHK Loan Framework Agreement, set to expire on December 31, 2025, with automatic renewals for two years until December 31, 2027. Shareholder approval is required due to BOC's indirect 70% shareholding in BOC Aviation, making transactions subject to Chapter 14A of the Listing Rules. The company intends to maintain annual caps of US$500 million for secured loans and other banking services under each agreement. The independent Board Committee supports the renewals, advising shareholders to approve the continuing connected transactions. An extraordinary general meeting will be held on or about May 2, 2025, to seek shareholder approval.