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13 Sep 2010 07:00
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δΈεειθͺη©Ίθ‘δ»½ζιε ¬εΈ
AIRΒ CHINAΒ LIMITED
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(aΒ jointΒ stockΒ limitedΒ companyΒ incorporatedΒ inΒ theΒ People'sΒ RepublicofΒ ChinaΒ withΒ limitedΒ liability)
(StockΒ Code:Β 753)
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NOTICEΒ ISΒ HEREBYΒ GIVENΒ thatΒ anΒ extraordinaryΒ generalΒ meetingΒ ("EGM")Β ofΒ Air China LimitedΒ (theΒ "Company")Β willΒ beΒ heldΒ atΒ theΒ ConferenceΒ Room, Air ChinaΒ Building,Β 36 XiaoyunΒ Road,Β Chaoyang District,Β Beijing,Β PRCΒ atΒ 10:00Β a.m.Β onΒ 28Β OctoberΒ 2010Β to consider and,Β ifΒ thoughtΒ fit,Β toΒ passΒ theΒ followingΒ resolution.
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ORDINARYΒ RESOLUTION:
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ToΒ considerΒ andΒ approveΒ the continuing connectedΒ transactionsΒ betweenΒ the Company and CathayΒ PacificΒ AirwaysΒ LimitedΒ (theΒ "Transaction").
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ForΒ moreΒ detailsΒ withΒ respectΒ toΒ theΒ Transaction,pleaseΒ referΒ toΒ AppendixΒ I.
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ByΒ OrderΒ ofΒ theΒ Board
AirΒ ChinaΒ Limited
ChairmanKongΒ Dong
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Beijing,Β theΒ PRC,Β 10Β September2010
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AsΒ atΒ theΒ dateΒ ofΒ thisΒ notice,Β theΒ directorsΒ ofΒ theΒ CompanyΒ areΒ Mr.Β KongΒ Dong,Β Ms.Β Wang Yinxiang,Β Mr.Β WangΒ Shixiang, Mr. CaoΒ Jianxiong,Β Mr.ChristopherΒ Dale Pratt,Β Mr. CaiΒ Jianjiang, Mr.Β FanΒ Cheng,Β Mr.Β HuΒ HungΒ Lick,Β Henry*,Β Mr.Β ZhangΒ Ke*,Β Mr.Β JiaΒ Kang*Β andΒ Mr.Β FuΒ Yang*.
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* IndependentΒ non-executiveΒ DirectorΒ ofΒ theΒ Company
Notes:
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1. ClosureΒ ofΒ registerΒ ofΒ membersΒ andΒ eligibilityΒ forΒ attendingΒ theΒ EGM
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HoldersΒ ofΒ HΒ sharesΒ ofΒ theΒ CompanyΒ areΒ advisedΒ thatΒ theΒ registerΒ ofΒ membersΒ ofΒ theΒ CompanyΒ willΒ closeΒ from 28 September 2010Β toΒ 28Β OctoberΒ 2010Β (bothΒ daysΒ inclusive), duringΒ whichΒ timeΒ noΒ transfer ofΒ HΒ sharesΒ ofΒ the Company will be effectedΒ andΒ registered.Β InΒ orderΒ to qualify forΒ attendanceΒ atΒ the EGM,Β instruments ofΒ transfer accompaniedΒ byΒ shareΒ certificatesΒ andΒ otherΒ appropriateΒ documentsΒ mustΒ beΒ lodgedΒ withΒ theΒ Company'sΒ H ShareΒ registrar,Β ComputershareΒ HongΒ KongΒ InvestorΒ ServicesΒ Limited,Β byΒ 4:00Β p.m.Β onΒ 27Β SeptemberΒ 2010.
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Shareholders of the Company whoseΒ namesΒ appearΒ onΒ the register of membersΒ of the Company atΒ the close of businessΒ onΒ 27Β SeptemberΒ 2010Β areΒ entitledΒ toΒ attendΒ theΒ EGM.
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2. NoticeΒ ofΒ attendance
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H-shareΒ shareholdersΒ whoΒ intendΒ toΒ attend theΒ EGMΒ shouldΒ completeand lodgeΒ theΒ accompanying notice of attendanceandΒ returnΒ itΒ toΒ theΒ Company'sΒ HΒ ShareΒ registrarΒ onΒ orΒ beforeΒ Friday,Β 8Β OctoberΒ 2010.Β TheΒ notice ofΒ attendance may beΒ deliveredΒ by hand,Β by post orΒ by faxΒ toΒ theΒ Company's HΒ share registrar.Β CompletionΒ and returnΒ ofΒ theΒ noticeΒ ofΒ attendanceΒ doΒ notΒ affectΒ theΒ rightΒ ofΒ aΒ shareholderΒ toΒ attendΒ theΒ EGM.Β However,Β the failureΒ to returnΒ the noticeΒ of attendanceΒ mayΒ resultΒ in an adjournment of the EGM,Β ifΒ the numberΒ of shares carryingΒ theΒ rightΒ toΒ voteΒ representedΒ byΒ theΒ shareholdersΒ proposingΒ toΒ attendΒ theΒ EGMΒ byΒ returning theΒ notice ofΒ attendanceΒ doesΒ notΒ reachΒ moreΒ thanΒ halfΒ ofΒ theΒ totalΒ numberΒ ofΒ sharesΒ ofΒ theΒ CompanyΒ carryingΒ theΒ right to voteΒ atΒ theΒ EGM.
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3. Proxy
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EveryΒ shareholder whoΒ hasΒ theΒ rightΒ toΒ attendΒ andΒ voteΒ at theΒ EGMΒ is entitled toΒ appointΒ oneΒ orΒ moreΒ proxies, whetherΒ orΒ notΒ theyΒ areΒ membersΒ ofΒ theΒ Company,Β toΒ attendΒ andΒ voteΒ onΒ his/herΒ behalfΒ atΒ theΒ EGM.
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AΒ proxyΒ shallΒ beΒ appointed byΒ anΒ instrumentΒ inΒ writing.Β SuchΒ instrumentΒ shallΒ beΒ signedΒ byΒ theΒ appointerΒ or his attorneyΒ dulyΒ authorised inΒ writing. IfΒ theΒ appointerΒ isΒ a legalΒ person,Β thenΒ theΒ instrument shallΒ beΒ signed underΒ aΒ legalΒ person'sΒ sealΒ orΒ signedΒ by itsΒ directorΒ orΒ anΒ attorneyΒ dulyΒ authorised inΒ writing. The instrument appointing theΒ proxyΒ shallΒ beΒ depositedat theΒ Company'sΒ HΒ shareΒ registrar forΒ holdersΒ ofΒ HΒ sharesΒ notΒ lessΒ than 24Β hoursΒ beforeΒ theΒ timeΒ specifiedΒ forΒ theΒ holdingΒ ofΒ theΒ EGM.Β IfΒ theΒ instrument appointing theΒ proxyΒ isΒ signed byΒ a personΒ authorised by theΒ appointer, theΒ powerΒ ofΒ attorneyΒ orΒ otherΒ document of authorityΒ underΒ whichΒ the instrumentΒ isΒ signedΒ shallΒ beΒ notarised.Β TheΒ notarisedΒ powerΒ ofΒ attorneyΒ orΒ otherΒ documentΒ ofΒ authorityΒ shall beΒ deposited togetherΒ and atΒ theΒ same timeΒ with theΒ instrument appointingΒ theΒ proxyΒ atΒ theΒ Company's HΒ share registrar.
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4. OtherΒ businesses
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(i) TheΒ EGMΒ isΒ expectedΒ toΒ lastΒ forΒ twoΒ hours.Β ShareholdersΒ andΒ theirΒ proxiesΒ attendingΒ theΒ meetingΒ shall be responsibleΒ forΒ theirΒ ownΒ travelingΒ andΒ accommodationΒ expenses.
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(ii) TheΒ addressΒ ofΒ ComputershareΒ HongΒ KongΒ InvestorΒ ServicesΒ LimitedΒ is:
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17MΒ Floor
HopewellΒ Centre
183Β Queen'sΒ RoadΒ East
Wanchai
HongΒ Kong
TelΒ No.:Β (852)Β 2862Β 8628
FaxΒ No.:Β (852)Β 2865Β 0990
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AIRΒ CHINAΒ LIMITED
(aΒ jointΒ stockΒ limitedΒ companyΒ incorporatedΒ in
theΒ People'sΒ RepublicΒ ofΒ ChinaΒ withΒ limitedΒ liability)
(StockΒ Code:Β 753)
CATHAYΒ PACIFIC
AIRWAYSΒ LIMITED
(IncorporatedΒ inΒ HongΒ KongΒ withΒ limitedΒ liability)
(StockΒ Code:Β 293)
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JointΒ Announcement
ContinuingΒ ConnectedTransactions
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ReferenceΒ isΒ madeΒ toΒ theΒ jointΒ announcement datedΒ 26thΒ JuneΒ 2008Β issuedΒ by Air China andΒ CathayΒ PacificΒ inΒ connectionΒ withΒ theΒ Framework AgreementΒ enteredΒ into betweenΒ AirΒ ChinaΒ andΒ CathayΒ PacificΒ onΒ 26thΒ JuneΒ 2008.Β TheΒ FrameworkΒ Agreement will beΒ renewedΒ onΒ 1stΒ OctoberΒ 2010Β forΒ aΒ termΒ ofΒ threeΒ yearsΒ fromΒ 1stΒ JanuaryΒ 2011Β to 31st DecemberΒ 2013.
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AsΒ Air China is a substantial shareholder and therefore a connected person of CathayΒ Pacific,Β theΒ Transactions constituteΒ continuing connectedΒ transactionsΒ forΒ Cathay PacificΒ underΒ RuleΒ 14A.14Β ofΒ theΒ ListingΒ RulesΒ andΒ are subjectΒ toΒ reporting,Β annual reviewΒ andΒ announcementΒ requirementsΒ underΒ RuleΒ 14A.35.
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AsΒ CathayΒ PacificΒ isΒ aΒ substantial shareholderΒ andΒ thereforeΒ aΒ connected personΒ of AirΒ China,Β theΒ TransactionsΒ constituteΒ continuingΒ connectedΒ transactionsΒ for AirΒ China underΒ RuleΒ 14A.14 ofΒ theΒ ListingΒ RulesΒ andΒ are subjectΒ toΒ reporting, annualΒ reviewΒ and announcementΒ requirementsΒ underΒ RuleΒ 14A.35.
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FrameworkΒ AgreementΒ datedΒ 26thΒ JuneΒ 2008Β andΒ toΒ beΒ renewedΒ onΒ 1stΒ OctoberΒ 2010
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Parties: (1) AirΒ China
(2) CathayΒ Pacific
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BackgroundΒ andΒ Particulars
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ReferenceΒ isΒ madeΒ toΒ theΒ jointΒ announcementΒ datedΒ 26thΒ JuneΒ 2008Β issuedΒ byΒ AirΒ China and CathayΒ PacificΒ inΒ connectionΒ withΒ theΒ FrameworkΒ AgreementΒ enteredΒ intoΒ betweenΒ Air China andΒ CathayΒ PacificΒ onΒ 26thΒ JuneΒ 2008.
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As AirΒ ChinaΒ isΒ aΒ substantialΒ shareholderΒ andΒ thereforeΒ aΒ connectedΒ personΒ ofΒ Cathay Pacific,Β theΒ Transactions constituteΒ continuing connectedΒ transactionsΒ forΒ CathayΒ PacificΒ under Rule 14A.14Β ofΒ theΒ Listing RulesandΒ areΒ subjectΒ toΒ reporting,Β annualΒ reviewΒ andΒ announcement requirementsΒ underΒ RuleΒ 14A.35.
AsΒ CathayΒ PacificΒ isΒ aΒ substantial shareholderΒ andΒ thereforeΒ aΒ connected personΒ ofΒ Air China,Β theΒ Transactions constituteΒ continuingΒ connectedΒ transactionsΒ forΒ AirΒ ChinaΒ underΒ Rule 14A.14Β ofΒ theΒ ListingΒ RulesΒ andΒ areΒ subjectΒ toΒ reporting,Β annualΒ reviewΒ andΒ announcement requirementsΒ underΒ RuleΒ 14A.35.
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TheΒ Framework AgreementΒ providesΒ theΒ frameworkΒ underΒ whichΒ RelevantΒ Agreements betweenΒ membersΒ of AirΒ ChinaΒ GroupΒ onΒ theΒ oneΒ handΒ andΒ membersΒ ofΒ CathayΒ PacificΒ Group onΒ theΒ otherΒ handΒ areΒ enteredΒ into,Β renewed andΒ extended.TheΒ Transactions (underΒ theΒ Relevant Agreements)Β are transactionsΒ betweenΒ membersΒ ofΒ AirΒ ChinaΒ GroupΒ onΒ the one handΒ and membersΒ ofΒ CathayΒ PacificΒ GroupΒ onΒ theΒ otherΒ handΒ arisingΒ fromΒ jointΒ ventureΒ arrangements for theΒ operationΒ of passenger airΒ transportation, code sharingΒ arrangements, interline arrangements,Β aircraftΒ leasing, frequent flyerΒ programmes, theΒ provisionΒ ofΒ airlineΒ catering, ground support andΒ engineering servicesΒ andΒ otherΒ servicesΒ agreedΒ toΒ beΒ provided andΒ other transactionsΒ agreedΒ toΒ beΒ undertakenΒ underΒ theΒ FrameworkΒ Agreement.
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TheΒ FrameworkΒ AgreementΒ willΒ beΒ automaticallyΒ renewed onΒ 1stΒ October2010 forΒ aΒ term of three years from 1st January 2011 to 31st December 2013. Under its terms, it is automatically renewed forΒ successive periods ofΒ threeΒ yearsΒ afterΒ itsΒ initialΒ expiryΒ dateΒ unless eitherΒ partyΒ toΒ itΒ givesΒ toΒ theΒ otherΒ noticeΒ ofΒ terminationΒ ofΒ notΒ lessΒ thanΒ threeΒ monthsΒ expiring on anyΒ 31stΒ December.
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TheΒ annualΒ caps
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TheΒ annualΒ capsΒ forΒ theΒ Transactions haveΒ beenΒ determined byΒ referenceΒ to the actual paymentsΒ in respectΒ ofΒ theΒ Transactions in the twoΒ yearsΒ endedΒ 31stΒ DecemberΒ 2009Β andΒ the forecastΒ paymentsΒ inΒ respectΒ ofΒ theΒ Transactions toΒ beΒ madeΒ by Air ChinaΒ GroupΒ toΒ Cathay PacificΒ Group,Β andΒ byΒ CathayΒ PacificΒ GroupΒ toΒ AirΒ ChinaΒ Group,Β havingΒ regard,Β interΒ alia,Β to the projections ofΒ AirΒ ChinaΒ GroupΒ andΒ CathayΒ PacificΒ GroupΒ inΒ respectΒ ofΒ theirΒ fleetΒ sizes,Β the deliveryΒ schedules ofΒ newΒ aircraftΒ whichΒ theyΒ haveΒ ordered, aircraftΒ utilisationΒ andΒ other operatingΒ parameters.
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TheΒ AirΒ ChinaΒ Directors estimateΒ thatΒ theΒ amountsΒ payableΒ byΒ CathayΒ PacificΒ Group toΒ Air ChinaΒ Group,Β andΒ payableΒ by Air ChinaΒ GroupΒ toΒ CathayΒ PacificΒ Group,Β inΒ respectΒ ofΒ the TransactionsΒ willΒ notΒ exceedΒ theΒ annualΒ capsΒ setΒ outΒ below.
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TheΒ CathayΒ PacificΒ DirectorsΒ estimateΒ thatΒ theΒ amountsΒ payableΒ by Air ChinaΒ GroupΒ to CathayΒ PacificΒ Group,Β andΒ payableΒ byΒ CathayΒ PacificΒ GroupΒ toΒ AirΒ ChinaΒ Group,Β inΒ respectΒ of the TransactionsΒ willΒ notΒ exceedΒ theΒ annualΒ capsΒ setΒ outΒ below.
PayableΒ byΒ AirΒ ChinaΒ GroupΒ toΒ CathayΒ PacificΒ Group:
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2008 2009 2010 2011 2012 2013
(HK$Β million) Actual Actual Cap Cap Cap Cap
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Transactions 245 164 900 900 900 900
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PayableΒ byΒ CathayΒ PacificΒ GroupΒ toΒ AirΒ ChinaΒ Group:
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2008 2009 2010 2011 2012 2013
(HK$Β million) Actual Actual Cap Cap Cap Cap
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Transactions 388 305 900 900 900 900
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AirΒ China andΒ Cathay PacificΒ estimateΒ that,Β within the annualΒ capsΒ above, the annual amounts payableΒ byΒ AirΒ ChinaΒ GroupΒ toΒ CathayΒ PacificΒ GroupΒ andΒ theΒ annualΒ amounts payable byΒ CathayΒ PacificΒ GroupΒ to Air ChinaΒ GroupΒ inΒ respectΒ ofΒ passengerΒ airΒ transportation cooperation, aircraftΒ leasing,Β andΒ the provision ofΒ airlineΒ cateringΒ andΒ groundΒ supportΒ services willnotΒ exceedΒ HK$300 million,Β HK$250 millionΒ andΒ HK$215 millionΒ respectively,Β andΒ the annualΒ amountsΒ forΒ theΒ otherΒ transactionsΒ enteredΒ intoΒ underΒ theΒ FrameworkΒ AgreementΒ will not exceedΒ HK$135Β million.
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ReasonsΒ for,Β andΒ benefitsof,Β theΒ Transactions
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The cooperation betweenΒ Air China GroupΒ and Cathay Pacific GroupΒ is expected to continueΒ toΒ furtherΒ theΒ developmentΒ ofΒ BeijingΒ CapitalΒ International AirportΒ andΒ HongΒ Kong International AirportΒ asΒ gatewaysΒ toΒ andΒ hubsΒ forΒ MainlandΒ ChinaΒ andΒ willΒ assistΒ AirΒ China Group and Cathay Pacific Group in their efforts to optimise the allocation of operating resources.
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ConnectionΒ betweenΒ theΒ parties
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Air China,Β by virtueΒ of itsΒ 29.99%Β shareholding inΒ CathayΒ Pacific,Β isΒ aΒ substantial shareholderΒ andΒ thereforeΒ aΒ connected personΒ ofΒ CathayΒ PacificΒ underΒ theΒ ListingΒ Rules.
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Cathay Pacific, by virtue of its 19.27% shareholding inΒ Air China, is a substantial shareholder andΒ thereforeΒ aΒ connected personΒ ofΒ AirΒ ChinaΒ underΒ theΒ ListingΒ Rules.
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ComplianceΒ withΒ ListingΒ Rules
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AsΒ theΒ highestΒ ofΒ theΒ relevantΒ percentageΒ ratiosΒ asΒ definedΒ underΒ RuleΒ 14.07 ofΒ theΒ Listing RulesΒ (otherΒ thanΒ theΒ profitsΒ ratio)Β inΒ respectΒ ofΒ theΒ annualΒ capsΒ applicableΒ toΒ the Transactions will,onΒ an annualΒ basis,Β be moreΒ thanΒ 0.1%Β butΒ lessΒ thanΒ 5%,Β theΒ Transactions constitute continuing connectedtransactionsΒ forΒ eachΒ of AirChinaΒ andΒ CathayΒ PacificΒ andΒ areΒ subjectΒ to announcement,Β annualΒ reviewΒ andΒ reportingΒ requirementsΒ underΒ RuleΒ 14A.35Β ofΒ theΒ Listing
Rules,Β butΒ exemptΒ fromΒ theΒ independentshareholders' approvalΒ requirements.Β However, pursuantΒ toΒ theΒ listingΒ rulesΒ ofΒ theΒ ShanghaiΒ StockΒ Exchange,Β theΒ TransactionsshallΒ beΒ subject toΒ independent shareholders' approval atΒ AirΒ China'sΒ generalΒ meeting.
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EachΒ of AirΒ ChinaΒ andΒ CathayΒ PacificΒ willΒ complyΒ withΒ theΒ continuing obligationsΒ under Rules14A.37-41 ofΒ theΒ ListingΒ Rules andΒ willΒ re-comply with theΒ relevant ListingΒ Rules ifΒ the annualΒ capsΒ areΒ exceeded,Β whenΒ theΒ Framework AgreementΒ isΒ renewedΒ orΒ whenΒ thereΒ isΒ a materialΒ changeΒ toΒ itsΒ terms.
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OpinionΒ ofΒ theΒ directors
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TheΒ Air ChinaΒ Directors, includingΒ theΒ independentΒ non-executiveΒ directors,Β considerΒ that the Framework Agreement is on normal commercial terms, that its terms are fair and reasonableΒ andΒ inΒ theΒ interestsΒ ofΒ AirΒ ChinaΒ andΒ itsΒ shareholdersΒ asΒ aΒ wholeΒ andΒ thatΒ renewal ofΒ theΒ FrameworkΒ AgreementΒ isΒ inΒ theΒ ordinaryΒ andΒ usualΒ courseΒ ofΒ AirΒ China'sΒ business.
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The Cathay Pacific Directors, including the independent non-executive directors, considerΒ thatΒ theΒ Framework AgreementΒ areΒ on normalΒ commercial terms,Β thatΒ itsΒ termsΒ areΒ fair and reasonableΒ andΒ in the interestsΒ ofΒ CathayΒ PacificΒ andΒ its shareholders asΒ aΒ wholeΒ andΒ that renewalΒ ofΒ theΒ Framework AgreementΒ isΒ inΒ theΒ ordinaryΒ andΒ usualΒ courseΒ ofΒ CathayΒ Pacific's business.
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KongΒ Dong,Β Cai Jianjiang, Fan ChengΒ and Christopher Pratt,Β beingΒ directorsΒ of Cathay Pacific,Β are materially interestedΒ in theΒ Transactions and haveΒ abstainedΒ fromΒ votingΒ onΒ the relevantΒ boardΒ resolutionsΒ ofΒ AirΒ ChinaΒ inΒ respectΒ ofΒ theΒ Transactions.
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Christopher Pratt,Β KongΒ Dong,Β Cai Jianjiang, Fan ChengΒ and ZhangΒ Lan,Β beingΒ directors and/orΒ chiefΒ executivesΒ of Air China,Β areΒ materiallyΒ interestedΒ inΒ theΒ Transactions andΒ have abstainedΒ fromΒ votingΒ onΒ theΒ relevantΒ boardΒ resolutions ofΒ CathayΒ PacificΒ inΒ respectΒ ofΒ the Transactions.
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DirectorsΒ ofΒ AirΒ China
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AsΒ atΒ theΒ dateΒ ofΒ thisΒ announcement,Β theΒ AirΒ ChinaΒ DirectorsΒ are:
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Non-ExecutiveΒ Directors:KongΒ DongΒ (Chairman),Β WangΒ Yinxiang,Β WangΒ Shixiang,Cao Jianxiong,Β ChristopherPratt;
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ExecutiveΒ Directors:Β CaiΒ Jianjiang,Β FanΒ Cheng;Β and
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IndependentΒ Non-Executive Directors:Β HuΒ HungΒ LickΒ Henry,Β ZhangΒ Ke,Β JiaΒ KangΒ andΒ Fu Yang.
DirectorsΒ ofΒ CathayΒ Pacific
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AsΒ atΒ theΒ dateΒ ofΒ thisΒ announcement,Β theΒ CathayΒ PacificΒ DirectorsΒ are:
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ExecutiveΒ Directors:ChristopherΒ PrattΒ (Chairman),Β JamesΒ Barrington,Β JamesΒ E.Β Hughes- Hallett,Β JohnΒ SlosarΒ andΒ TonyΒ Tyler;
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Non-ExecutiveΒ Directors:CaiΒ Jianjiang,Β FanΒ Cheng,Β JamesΒ W.J.Β Hughes-Hallett,Β Peter Kilgour,Β KongΒ Dong,Β IanΒ Shiu,Β MerlinΒ SwireΒ andΒ ZhangΒ Lan;Β and
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IndependentΒ Non-ExecutiveΒ Directors:Β IreneΒ Lee,Β JackΒ So,Β TungΒ CheeΒ ChenΒ andΒ Peter Wong.
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Definitions
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"AirΒ China" Air China Limited, a company incorporated in the People's Republic ofΒ China,Β whose HΒ sharesΒ areΒ listedΒ on theΒ StockΒ ExchangeΒ asΒ itsΒ primaryΒ listingΒ venueΒ andΒ on the OfficialΒ ListΒ ofΒ theΒ UKΒ Listing AuthorityΒ asΒ its secondaryΒ listingΒ venue,Β andΒ whoseΒ AΒ sharesΒ areΒ listedΒ on theΒ ShanghaiΒ StockΒ Exchange.Β TheΒ principalΒ activityΒ of AirChinaΒ isΒ theΒ operationΒ ofΒ scheduledΒ airlineΒ services.
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"AirΒ ChinaΒ Directors" TheΒ directorsofΒ AirΒ China.
"AirΒ ChinaΒ Group" AirΒ ChinaΒ andΒ itsΒ subsidiaries.
"CathayΒ Pacific" CathayΒ PacificΒ AirwaysΒ Limited,Β aΒ companyΒ incorporated inΒ HongΒ KongΒ andΒ listedΒ onΒ theΒ StockΒ Exchange, the principalΒ activityΒ ofΒ whichΒ isΒ theΒ operation ofΒ scheduled airlineΒ services.
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"CathayΒ PacificΒ Directors" TheΒ directorsofΒ CathayΒ Pacific.
"CathayΒ PacificΒ Group" CathayΒ PacificΒ andΒ itsΒ subsidiaries,Β includingΒ Dragonair.
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"Dragonair" HongΒ KongΒ DragonΒ AirlinesΒ Limited,Β a whollyΒ owned subsidiary of Cathay Pacific, the principal activity of whichΒ isΒ theΒ operationΒ ofΒ scheduledΒ airlineΒ services.
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"FrameworkΒ Agreement" TheΒ framework agreementΒ datedΒ 26thΒ JuneΒ 2008Β between Air ChinaΒ andΒ CathayΒ PacificΒ underΒ whichΒ aΒ framework is providedΒ forΒ entryΒ intoΒ theΒ RelevantΒ Agreements.
"ListingΒ Rules" TheΒ RulesΒ Governing theΒ ListingΒ ofΒ SecuritiesΒ onΒ The Stock ExchangeΒ ofΒ HongΒ KongΒ Limited.
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"RelevantΒ Agreements" Agreements between membersΒ ofΒ theΒ AirΒ China GroupΒ on the oneΒ handΒ andΒ membersΒ ofΒ theΒ CathayΒ PacificΒ Group on theΒ otherΒ handΒ inΒ respectΒ ofΒ theΒ Transactions.
"StockΒ Exchange" TheΒ StockΒ ExchangeΒ ofΒ HongΒ KongΒ Limited.
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"Transactions" Transactions between members of Air China Group on the one hand and members of Cathay Pacific Group on the other hand arising from joint venture arrangements for the operation of passenger air transportation, code sharing arrangements, interline arrangements, aircraft leasing, frequent flyer programmes, the provision of airline catering, ground support and engineering services and other services agreed to be provided and other transactions agreed to be undertaken under the Framework Agreement.
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By Order of the Board Air China Limited Huang Bin Tam Shuit Mui Joint Company Secretaries Beijing, 10th September 2010 |
By Order of the Board Cathay Pacific Airways Limited David Fu Company Secretary Hong Kong, 10th September 2010 |
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