China Eastern Airlines Food Investment Co announced a private placement of common shares for gross proceeds of CNY 310,000,000 on September 30, 2021. The transaction will involve participation from returning investors, China Eastern Airlines Corporation Limited and China Eastern Air Holding Company Limited for CNY 139,500,000 and CNY 170,500,000 respectively and will retain their stakes, 45% and 55%, respectively. After the capital increase is completed, the registered capital of company will increase to CNY 660,000,000.

The transaction has been approved by the board of directors of the 12th ordinary meeting of the ninth board of directors of China Eastern Airlines Corporation Limited.