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China Eastern Airlines approves management changes, financial adjustments

August 30, 2025 at 05:28 AM UTCBy FilingReader AI

China Eastern Airlines held its Second Extraordinary General Meeting of Shareholders on August 29, 2025, approving significant changes to its Articles of Association and Rules of Procedure for General Meetings and Board Meetings. The meeting also ratified adjustments to ordinary related-party transactions for 2025 aircraft and engine services, and outlined ordinary related-party transactions from 2026 to 2028. Additionally, the company's Supervisory Committee was abolished, and a continuous risk assessment report for China Eastern Airlines Financial Co., Ltd. was approved.

The approved related-party transactions include a ceiling of RMB 8.8 billion for passenger aircraft cargo exclusive operation services from 2026 to 2028, and a maximum of $46 billion for aircraft and engine leasing. The risk assessment for China Eastern Airlines Financial Co., Ltd. affirmed its stable operations and sound risk management practices, including robust internal controls over deposits, loans, and other financial activities. The financial company’s total assets are RMB 18,226,546,215.84, with shareholder equity totaling RMB 2,982,061,206.44 as of June 30, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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