Air China receives ongoing supervision report from CITIC Securities

CITIC Securities Co., Ltd. has released its 2024 continuous supervision report for Air China (SSE:601111), detailing oversight activities related to the airline's prior A-share issuances. The report covers a 2023 offering where Air China issued 1,675,977,653 shares at CNY 8.95 per share, raising gross proceeds of CNY 14,999,999,994.35. Net proceeds after deducting expenses totaled CNY 14,993,016,587.32. The report also addresses a 2024 offering of 854,700,854 A-shares at CNY 7.02 per share to China National Aviation Holding Company, generating gross proceeds of CNY 5,999,999,995.08 and net proceeds of CNY 5,995,841,631.45. CITIC Securities confirms it has maintained oversight through internal controls reviews, meetings, and document verification, and has found no issues requiring immediate reporting to regulatory bodies.