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    753   CNE1000001S0

AIR CHINA LIMITED

(753)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 11/26
5.31 HKD   -3.80%
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Air China Limited : - POLL RESULTS OF EXTRAORDINARY GENERAL MEETING AND APPOINTMENT OF VICE CHAIRMAN

07/22/2021 | 11:17am EST

Reference is made to the notice of the EGM of Air China Limited (the 'Company') dated 3 June 2021 (the 'Notice'), containing details of the resolution proposed at the EGM. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Notice.

The Board is pleased to announce that the resolution set out in the Notice was duly passed by the shareholders by way of poll at the EGM held at 11:00 a.m. on Tuesday, 20 July 2021 at The Conference Room C713, No. 30 Tianzhu Road, Airport Industrial Zone, Shunyi District, Beijing, the

PRC.

RESULTS OF THE EGM

As at the date of the EGM, the number of total issued shares of the Company was 14,524,815,185 shares. Shareholders and authorised proxies holding an aggregate of 10,751,059,986 shares, representing 74.0186% of the total issued shares of the Company, were present at the EGM.

There were no shares the holder of which is required under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the 'Hong Kong Listing Rules') to abstain from voting on the resolution proposed at the EGM. There were no shares entitling the holder to attend and abstain from voting in favour of the resolution proposed at the EGM as set out in Rule 13.40 of the Hong Kong Listing Rules. No parties have stated their intention in the Notice to vote against or abstain from voting on the resolution proposed at the EGM.

1 -The poll results in respect of the resolution proposed at the EGM were as follows:

ORDINARY RESOLUTION

Votes by the Shareholders

For Against Abstain

1. To consider and approve the appointment of

Mr. Ma Chongxian as an executive director of

the Company.

10,715,780,618		(99.6719%)	35,277,068	(0.3281%)	2,300	(0.0001%)

As more than 50% of the votes were cast in favour of the above

resolution, the resolution was duly passed as an ordinary resolution.

Deloitte Touche Tohmatsu, the auditor of the Company, has acted as the scrutineer for the vote-taking at the EGM and compared the poll results summary to poll forms collected and provided by the Company. The work performed by Deloitte Touche Tohmatsu in this respect did not constitute an assurance engagement in accordance with Hong Kong Standards on Auditing, Hong Kong Standards on Review Engagements or Hong Kong Standards on Assurance Engagements issued by the Hong Kong Institute of Certified Public Accountants nor did it include provision of any assurance or advice on matters of legal interpretation or entitlement to vote.

APPOINTMENT OF VICE CHAIRMAN

Reference is made to the announcement of the Company dated 31 May 2021. The appointment of Mr. Ma as vice chairman of the Company took effect from 20 July 2021.

By Order of the Board

Air China Limited

Zhou Feng

Company Secretary

Beijing, the PRC, 21 July 2021

As at the date of this announcement, the directors of the Company are Mr. Song Zhiyong, Mr. Ma Chongxian, Mr. Feng Gang, Mr. Patrick Healy, Mr. Xue Yasong, Mr. Duan Hongyi*, Mr. Stanley Hui Hon-chung* and Mr. Li Dajin*.

Independent non-executive director of the Company

(C) 2021 Electronic News Publishing, source ENP Newswire

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Analyst Recommendations on AIR CHINA LIMITED
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Financials
Sales 2021 81 161 M 12 696 M 12 696 M
Net income 2021 -12 267 M -1 919 M -1 919 M
Net Debt 2021 154 B 24 118 M 24 118 M
P/E ratio 2021 -4,47x
Yield 2021 -
Capitalization 102 B 15 949 M 15 950 M
EV / Sales 2021 3,16x
EV / Sales 2022 2,03x
Nbr of Employees 89 373
Free-Float 27,0%
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Technical analysis trends AIR CHINA LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 17
Last Close Price 4,35 CNY
Average target price 5,49 CNY
Spread / Average Target 26,1%
EPS Revisions
Managers and Directors
Chong Xian Ma Vice Chairman & President
Feng Xiao Chief Financial Officer
Xiao Hang Zhao Chairman-Supervisory Board
Zhi Yong Song Chairman
Hon Chung Hui Independent Non-Executive Director
Sector and Competitors