China Eastern Airlines Corporation Limited | |||||
(Registrant)
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Date |
December
12, 2008
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By:
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/s/ Luo Zhuping | ||
Name: Luo Zhuping | |||||
Title: Company Secretary |
Certain
statements contained in this announcement may be regarded as
"forward-looking statements" within the meaning of the U.S. Securities
Exchange Act of 1934, as amended. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors, which may cause the actual performance, financial condition or
results of operations of the Company to be materially different from any
future performance, financial condition or results of operations implied
by such forward-looking statements. Further information
regarding these risks, uncertainties and other factors is included in the
Company's filings with the U.S. Securities and Exchange
Commission. The forward-looking statements included in this
announcement represent the Company's views as of the date of this
announcement. While the Company anticipates that subsequent
events and developments may cause the Company's views to change, the
Company specifically disclaims any obligation to update these
forward-looking statements, unless required by applicable
laws. These forward-looking statements should not be relied
upon as representing the Company's views as of any date subsequent to the
date of this announcement.
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The Board announces that, Mr. Li
Fenghua will resign as the Chairman and non-executive director of the
Company and Mr. Cao Jianxiong will no longer serve as a director nor as
the President of the Company, subject to the approval of the respective
resolution of the resignation at the EGM.
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The Board further announces that,
Mr. Liu Shao Yong will be appointed as the director of the Company and Mr.
Ma Xulun will be appointed as the President and
executive director of the Company, subject to the approval of the
respective resolution of the appointment at the
EGM.
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(1)
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Mr. Li Fenghua will resign as the
Chairman and non-executive director of the Company due to
reallocation of
appointment. Mr. Li Fenghua confirms that there is no disagreement between
him and the Board and there is no matter relating to his resignation that
needs to be brought to the attention of the shareholders of the
Company.
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(2)
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Mr. Cao Jianxiong will no longer serve as a director
nor as the President of the Company due to reallocation of appointment.
Mr. Cao Jianxiong confirms that there is no disagreement between him and
the Board and there is no matter relating to his resignation that needs to
be brought to the attention of the
shareholders of the Company.
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“A Share”
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means the ordinary shares issued
by the Company, with a RMB denominated par value of RMB1.0 each, which are
subscribed for and paid up in a currency other than RMB and are listed on
the Shanghai Stock Exchange;
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“Board”
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means the board of directors of
the Company;
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“CEA Holding”
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means 中國東方航空集團公司 (China Eastern Air Holding
Company), a wholly PRC state-owned enterprise and the controlling
shareholder of the Company holding approximately 59.67% of its issued share capital as at the
date of this announcement;
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“Company”
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means 中國東方航空股份有限公司 (China Eastern Airlines
Corporation Limited), a joint stock limited company incorporated in the
PRC with limited liability, whose H Shares, A Shares and
American depositary
shares are listed on the Stock Exchange, the Shanghai Stock Exchange and
the New York Stock Exchange, Inc., respectively;
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“controlling
shareholder”
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has the meaning ascribed thereto
under the Listing Rules;
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“EGM”
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means the forthcoming extraordinary general meeting of
the Company in relation to the subscription of shares as set out in the
announcement of the Company dated 10 December
2008;
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“H Shares”
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means the ordinary shares issued
by the Company, with a RMB denominated par value of RMB1.0 each, which are
subscribed for and paid up in a currency other than RMB and are listed on
the Stock Exchange;
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“Hong Kong”
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means the Hong Kong Special
Administrative Region of the PRC;
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“Listing
Rules”
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means the Rules Governing the
Listing of Securities
on The Stock Exchange of Hong Kong Limited;
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“PRC”
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means the People’s Republic of
China;
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“RMB”
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means Renminbi, the lawful
currency of the PRC; and
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“Stock
Exchange”
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means The Stock Exchange of Hong
Kong Limited.
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Li Fenghua
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(Chairman, Non-executive
Director)
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Li Jun
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(Vice Chairman, Non-executive
Director)
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Luo
Chaogeng
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(Non-executive
Director)
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Cao
Jianxiong
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(President, Executive
Director)
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Luo Zhuping
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(Executive
Director)
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Hu Honggao
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(Independent non-executive
Director)
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Peter Lok
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(Independent non-executive
Director)
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Wu Baiwang
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(Independent non-executive
Director)
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Zhou Ruijin
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(Independent non-executive
Director)
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Xie Rong
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(Independent non-executive
Director)
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