Air China renews key related-party agreements, streamlining governance

** Air China (SSE:601111) announced the resolutions from its Seventh Board of Directors’ Fourth Meeting, outlining the renewal of key related-party transaction agreements and a significant streamlining of its governance structure. Subject to shareholder approval, Air China will renew its framework agreements with China National Aviation Holding and Cathay Pacific, extending these arrangements from 2026 to 2028. These agreements govern a range of services, including aircraft leasing, ground services, and air cargo handling. The proposed annual transaction caps are CNY 1.80 billion with China National Aviation Holding and are disclosed to be no more than 0.5% of the company's net assets and the proposed limits for 2026 and 2027 transactions with Cathay Pacific have not been disclosed.