Air China Regulatory News (AIRC)

21 Aug 2006 07:01

Air China Ld21 August 2006 The Stock Exchange of Hong Kong Limited takes no responsibility for the contentsof this announcement, makes no representation as to its accuracy or completenessand expressly disclaims any liability whatsoever for any loss whatsoever arisingfrom or in reliance upon the whole or any part of the contents of thisannouncement. AIR CHINA LIMITED (a joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock Code: 753) CSRC Waiver Reference is made to the Company's announcement dated 31 July 2006, accordingto which CNAHC, the controlling shareholder of the Company, has undertaken thatfor the period commencing from the listing and trading of A Shares on ShanghaiStock Exchange and up to 31 December 2006, CNAHC will, if the market price of AShares falls below the issue price of RMB2.80 per share, increase itsshareholding by acquiring shares through the secondary market at a price notlower than the then market price of A Shares in accordance with relevantregulatory requirements so as to restore the price of A Shares to the issueprice and subject to aggregate purchases by CNAHC not exceeding 600 million AShares. On 17 August 2006, the CSRC granted a waiver to CNAHC such that theabovementioned potential increase of shareholding not exceeding 600 million AShares will not result in an obligation of CNAHC to make a general offer for AirChina shares pursuant to the relevant PRC laws and regulations. DEFINITIONS In this announcement, unless the context otherwise requires, the following termsshall have the following meanings: "A Shares" The ordinary shares of RMB1.00 each issued by the Company and listed on the Shanghai Stock Exchange "CNAHC" China National Aviation Holding Company, a company incorporated under the laws of the People's Republic of China which currently directly owns approximately 43.59% of the Company's share capital as at the date of this announcement "Company" Air China Limited, a company incorporated in the People's Republic of China with primary listing on The Stock Exchange of Hong Kong Limited and secondary listing on the Official List of the UK Listing Authority "CSRC" China Securities Regulatory Commission "PRC" the People's Republic of China, excluding, for the purpose of this announcement only, Hong Kong, Macau and Taiwan "RMB" Renminbi, the lawful currency of the PRC Beijing, 21 August 2006 By order of the Board Air China Limited Zheng Baoan Li Man Kit Joint Company Secretaries As at the date of this announcement, the Directors of the Company are Messrs LiJiaxiang, Kong Dong, Wang Shixiang, Yao Weiting, Christopher Dale Pratt, MaXulun, Cai Jianjiang, Fan Cheng, Hu Hung Lick, Henry*, Wu Zhipan*, Zhang Ke* andJia Kang*. * Independent non-executive Director of the Company This information is provided by RNS The company news service from the London Stock Exchange