Air China Ld AIRC Increase Shareholdings by Controlling Shareholder

  Air China Ld (AIRC) - Increase Shareholdings by Controlling Shareholder

RNS Number : 9620R
Air China Ld
26 November 2012




Hong Kong Exchanges and Clearing Limited  and The Stock Exchange of Hong  Kong 
Limited take no responsibility for the contents of this announcement, make  no 
representation as to its accuracy  or completeness and expressly disclaim  any 
liability whatsoever for any loss howsoever  arising from or in reliance  upon 
the whole or any part of the contents of this announcement.



                              AIR CHINA LIMITED

                                      

(a joint stock limited company incorporated in the People's Republic of China
                           with limited liability)

                             (Stock Code: 00753)



                      ANNOUNCEMENT ON CONTINUED INCREASE

                           IN SHAREHOLDINGS OF THE

                      COMPANY BY CONTROLLING SHAREHOLDER



Reference is made  to the announcement  of Air China  Limited (the  "Company") 
dated 22 December  2011 in relation  to the increase  in shareholdings of  the 
Company by its controlling shareholder (the "2011 Announcement"). As stated in
the 2011 Announcement, China National Aviation Holding Company ("CNAHC"),  the 
controlling shareholder of the Company, has increased its shareholdings in the
Company through acquiring  A shares  via the  trading system  of the  Shanghai 
Stock Exchange since 21  December 2011, and intended  to continue to  increase 
its shareholdings  in the  Company by  A shares,  either in  its own  name  or 
through parties acting in concert with it, via the secondary market within  12 
months from 21 December 2011 in an  aggregated amount not exceeding 2% of  the 
total issued share capital of the Company (the "Share Acquisition Plan").



The Company  received  a  notice  from  CNAHC  that,  pursuant  to  the  Share 
Acquisition Plan, CNAHC has increased its  shareholdings in the Company in  an 
aggregated amount of  1% of  the total issued  share capital  of the  Company, 
details of which are as follows:



1. From  21 December  2011  to 22  November  2012, CNAHC  increased  its 
shareholdings in the Company by 129,713,364 A shares via the trading system of
the Shanghai  Stock Exchange,  representing 1.01%  of the  total issued  share 
capital of  the Company  (the  "Increased Shareholding").  Accordingly,  CNAHC 
directly and indirectly held 6,764,648,530 shares of the Company, representing
approximately 52.47% of the total issued share capital of the Company.



2. CNAHC  intends  to  continue  to increase  its  shareholding  in  the 
Company, either in its own name or through parties acting in concert with  it, 
via the  secondary  market  within 12  months  from  21 December  2011  in  an 
aggregated amount not exceeding  2% of the total  issued share capital of  the 
Company (including the Increased Shareholding).



3. CNAHC undertakes  that it will  not sell  any shares it  held in  the 
Company during the period of the implementation of the Share Acquisition  Plan 
and within the statutory period.



The Company will continue to  monitor the continued increase in  shareholdings 
of the Company by CNAHC under the Share Acquisition Plan and will make  timely 
announcement in accordance with the relevant rules and regulations.

                                      

  By order of the Board
    Air China Limited
Rao Xinyu  Tam Shuit Mui
Joint Company Secretaries

                                      



Beijing, the PRC, 23 November 2012



As at the date of this announcement, the directors of the Company are Mr. Wang
Changshun, Ms. Wang Yinxiang, Mr. Cao Jianxiong, Mr. Sun Yude, Mr. Christopher
Dale Pratt, Mr. Ian Sai Cheung Shiu, Mr. Cai Jianjiang, Mr. Fan Cheng, Mr.  Fu 
Yang*, Mr. Li Shuang*, Mr. Han Fangming* and Mr. Yang Yuzhong*.



* Independent non-executive Director of the Company

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCUNRORUWAAURA -0- Nov/26/2012 08:00 GMT
 
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