Air China Regulatory News (AIRC)

13 Aug 2008 15:45



(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 753)

RESIGNATION OF DIRECTOR AND APPOINTMENT OF DIRECTOR

Resignation of Director

The Board of the Company announces that Mr. Yao has resigned as a director of the Company due to retirement with effect from 12 August 2008. Accordingly Mr. Yao also ceased to serve as a member of the Audit and Risk Control Committee of the Board. Mr. Yao has confirmed that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board wishes to take this opportunity to express its gratitude to Mr. Yao for his contribution to the Company during his term of service.

Appointment of Director

The Company is pleased to announce that Ms. Wang has been appointed as a non-executive director of the Company subject to the approval of the shareholders of the Company.

Ms. Wang, aged 52, graduated from Party School of the Central Committee of C.P.C. majoring in economics and management. Ms. Wang is a senior engineer of political work and a senior steward. Ms. Wang served several positions in Air China International Corporation, including Vice Captain of the in-flight service team of the Chief Flight Team, Deputy Manager of the in-flight service division, Deputy Manager of the passenger cabin service division and Deputy Secretary of the Communist Party Committee, etc. After the restructuring of China's civil aviation industry in October 2002, Ms. Wang served several positions in China National Aviation Holding Company, including Deputy General Manager, President of the Labor Union, Head of the Disciplinary and Supervisory Committee of the Communist Party Group and Secretary of the Communist Party Committee of China National Aviation Holding Company, etc. Since March 2008, Ms. Wang has been serving as Secretary of the Communist Party Group, Deputy General Manager, President of the Labor Union and Secretary of the Communist Party Committee of China National Aviation Holding Company.

Ms. Wang will enter into a service contract with the Company. The term of her office is not more than three years which shall commence upon the approval to the appointment by the shareholders of the Company and end upon the third session of the Board being elected. Ms. Wang will not be receiving any compensation as a director in the Company.

Ms. Wang has not held any directorship in any other listed companies or taken up a post in any affiliated companies of the Company in the past three years. Save as disclosed above, Ms. Wang does not have any relationship with any other director, senior management, substantial shareholder or controlling shareholder of the Company. Ms. Wang does not have any equity interest in the Company within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). There is no information to be disclosed on items from (h) to (v) in Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. No other matter needs to be brought to the attention of the shareholders of the Company in respect of the Company and its directors and supervisors.

By order of the Board

Air China Limited 

Huang Bin Li Man Kit

Joint Company Secretaries

Beijing, 13 August 2008

As at the date of this announcement, the directors of the Company are Messrs Kong Dong, Wang Shixiang, Ma Xulun, Christopher Dale Pratt, Chen Nan Lok, Philip, Cai Jianjiang, Fan Cheng, Hu Hung Lick, Henry*, Wu Zhipan*, Zhang Ke* and Jia Kang*.

* Independent non-executive director of the Company