Cathay Pacific Airways Limited announced that Following the resignation of Ma Chongxian as a non-executive Director and the appointment of Liu Tiexiang as a non-executive Director with effect from 24th December 2025, the Independent Board Committee comprises Liu Tiexiang, Guy Bradley, Gordon McCallum, Sun Yuquan, Merlin Swire, Augustus Tang, Wang Mingyuan, Xiao Feng, Bernard Chan, Lily Cheng, Christoph Mueller and Wang Xiao Bin, all of whom do not have any direct or indirect interest in the Share Buy-back. The Independent Board Committee will advise the Independent Shareholders on the Share Buy-back and the Buy-back Deed and the Circular will contain, among other things, a letter of recommendation from the Independent Board Committee to the Independent Shareholders on the Share Buy-back and the Buy-back Deed. Mr. Liu, aged 59, graduated from the Air Force No.1 Aviation University majoring in aviation flight and from the Party School of the Central Committee of the Communist Party of China majoring in economic management, and holds the title of Chief Pilot.

Mr. Liu started his career in June 1983. He consecutively served as the general manager of the flight technology management department, the chief captain of the chief flight team, the chief pilot, the vice president, a member of the Standing Committee of the Party Committee, and the chief operating officer of Air China Limited ("Air China"). Mr. Liu served as the vice general manager, a member of the Party Leadership Group, the general manager, the deputy secretary of the Party Leadership Group, and a director of China Eastern Air Holding Company Limited.

He also served as the vice general manager, a member of the Standing Committee of the Party Committee, the general manager, the deputy secretary of the Party Committee, and the vice chairman of China Eastern Airlines Corporation Limited. Mr. Liu has been serving as the chairman and the secretary of the Party Leadership Group of China National Aviation Holding Corporation Limited since August 2025. He has concurrently served as a member of the Party Committee, a member of the Standing Committee, and the secretary of the Party Committee of Air China since September 2025.

Mr. Liu has been the chairman of the board and an executive director of Air China since 10th October 2025.