Last checked at 4 Aug 2016 07:00
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AIR CHINA LIMITED
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code:00753)
CSRC'S APPROVAL ON PUBLIC ISSUE OF CORPORATE BONDS
OVERSEAS REGULATORY ANNOUNCEMENT
Reference is made to the announcement of Air China Limited (the "Company") dated 30 March 2016 relating to, among other things, the proposed public issue of corporate bonds by the Company.
On 2 August 2016, the Company received the Approval Document Zheng Jian Xu Ke No. [2016] 1719 from the China Securities Regulatory Commission (中國證券監督管理委員會) (the "CSRC") (the "CSRC's Approval"), which approved the Company's public issue of corporate bonds with an aggregate principal amount of no more than RMB12,000,000,000 (the "Corporate Bonds") to qualified investors in the PRC. The CSRC's Approval is valid for 24 months commencing from the date of the CSRC's Approval. The Corporate Bonds will be issued in stages, with the first tranche of the Corporate Bonds to be issued within 12 months of the date of the CSRC's Approval and the other tranches to be issued within 24 months of the date of the CSRC's Approval.
By order of the Board
Air China Limited
Rao Xinyu Tam Shuit Mui
Joint Company Secretaries
Beijing, the PRC, 3 August 2016
As at the date of this announcement, the directors of the Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Cao Jianxiong, Mr. Feng Gang, Mr. John Robert Slosar, Mr. Ian Sai Cheung Shiu, Mr. Pan Xiaojiang*, Mr. Simon To Chi Keung*, Mr. Stanley Hui Hon-chung* and Mr. Li Dajin*.
* Independent non-executive director of the Company