China Eastern Airlines shareholders approve capital reduction, new vice chairman

China Eastern Airlines Corp. convened its Third Extraordinary General Meeting of Shareholders for 2025 on December 2, 2025, in Shanghai. The meeting, chaired by chairman Wang Zhiqng, deliberated on several key proposals. Shareholders approved the election of Gao Fei as the vice chairman of the Tenth Board of Directors and his appointment as a member and chairman of the Aviation Safety and Environment Committee.

The meeting also saw the approval of a resolution to reduce the company's registered capital. This follows the cancellation of 89,553,900 A-shares and 114,006,000 H-shares due to a share repurchase program, as disclosed in November 2025. Additionally, shareholders approved the sale of assets, including property rights at Candidac Building, to an affiliated party, Shanghai China Eastern Airlines Property Co., Ltd., at a price not less than the appraised value as of May 31, 2025.

The resolutions passed with strong shareholder support, with the proposal for electing Gao Fei receiving 99.9172% of votes in favor. The legal opinion confirmed that the meeting's convening and operating procedures, as well as the qualifications of attendees, comply with relevant laws and company articles of association, affirming the legality and validity of the resolutions.