Air China shareholders approve 2025 stock issuance plan

Air China Limited announced the resolutions from its Third Extraordinary General Meeting of Shareholders in 2025, held on December 16, 2025. The meeting, chaired by chairman Liu Tiexiang, saw 596 shareholders and proxies in attendance, representing 75.9910% of the total voting shares.

All key proposals related to the 2025 private placement of A-shares were approved. The proposal concerning the eligibility for the A-share issuance received 97.0907% of ordinary share votes in favor. Furthermore, the detailed A-share issuance plan, encompassing the type, par value, issuance method, pricing, quantity, lock-up period, listing venue, and use of proceeds, passed with an average of approximately 90% of ordinary share votes in favor across its sub-items.

Crucially, the resolution on the connected transaction regarding the A-share subscription agreement also received significant support, with 90.0771% of ordinary share votes in favor. Connected shareholders China National Aviation Holding Corporation and China National Aviation (Group) Corporation abstained from voting on resolutions involving connected transactions, as per regulatory requirements. The meeting's procedures and resolutions were confirmed to be legal and effective by Beijing DeHeng Law Offices.