Air China's top shareholder pledges not to reduce holdings

Air China (SSE:601111) announced that its controlling shareholder, China National Aviation Holding Company (CNAHC), and its wholly-owned subsidiary, China Aviation (Group) Company Limited, have voluntarily committed not to reduce their holdings in Air China shares for at least 18 months, starting from April 8, 2025. CNAHC and China Aviation (Group) Company Limited currently hold a combined 53.71% stake in Air China. The commitment excludes reductions due to the strict fulfillment of prior share sale commitments relating to refinancing. This pledge includes all unrestricted shares, encompassing any increases arising from capital reserves, stock dividends, rights issues, or additional issuances. Air China's board believes the commitment will promote stable and healthy development of the company. Air China will ensure the shareholders follow the commitment.