Air China Regulatory News (AIRC)

3 Jan 2008 07:00

Air China Ld03 January 2008 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 howsoever 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) CHANGE IN DIRECTORSHIP The Board of Directors (the "Board") of Air China Limited (the "Company")announces thatthe Board received a resignation letter from Mr. Li Jiaxiang on 2January 2008 in respect of his directorship with the Company with effect fromthe same date as Mr. Li has been appointed to serve a senior position with theGeneral Administration of Civil Aviation of China. Accordingly, Mr. Li Jiaxiangalso ceased to serve as the Chairman of the Board and member of the Nominationand Remuneration Committee of the Board. The Board would like to expresssincere appreciation to Mr. Li Jiaxiang for his contribution to the Company inthe past. Mr. Li has confirmed there is no matter that needs to be brought tothe attention of the shareholders of the Company in relation to his resignation. Pursuant to the Articles of Association of the Company, Mr. Kong Dong, thecurrent Vice Chairman of the Board, will serve as the acting chairman of theBoard until the Board elects a new Chairman. Given the resignation of the Mr.Li, the Board now comprises 12 members, which is in compliance with the relevantPRC laws and regulations. The current Articles of Association of the Company,however, provides the Board shall comprise 13 members. The Company proposes toeither amend the Articles of Association of the Company to reduce the size ofthe Board or to elect an additional Director of the Board in due course. By Order of the Board Air China Limited Huang Bin Li Man Kit Joint Company Secretaries Beijing, the PRC, 2 January 2008 As at the date of this announcement, the Directors of the Company are MessrsKong Dong, Wang Shixiang, Yao Weiting, Christopher Dale Pratt, Chen Nan LokPhilip, Ma Xulun, Cai Jianjiang, Fan Cheng, Hu Hung Lick, Henry*, Wu Zhipan*,Zhang Ke* and Jia Kang*. * Independent non-executive Directors of the Company This information is provided by RNS The company news service from the London Stock Exchange