Air China Ld Announcements and Notices (0948Z)
May 15 2019 - 3:27AM
UK Regulatory
TIDMAIRC
RNS Number : 0948Z
Air China Ld
15 May 2019
Hong Kong Exchanges and Clearing Limited and The Stock Exchange
of Hong Kong Limited take no
responsibility for the contents of this supplemental notice,
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 supplemental notice.
AIR CHINA LIMITED
(a joint stock limited company incorporated in the People's
Republic of China with limited liability)
(Stock Code: 00753)
SUPPLEMENTAL NOTICE OF ANNUAL GENERAL MEETING
Reference is made to the notice of the annual general meeting
(the "Notice of AGM") of Air China Limited (the "Company") dated 4
April 2019 which sets out the resolutions to be considered by
shareholders of the Company ("Shareholders") at the annual general
meeting to be held at 11:00 a.m. on Thursday, 30 May 2019 at the
Conference Room C713, No. 30, Tianzhu Road, Airport Industrial
Zone, Shunyi District, Beijing, the PRC (the "AGM").
In order to strengthen the performance incentives of the
independent non-executive directors of the Company, according to
their workload and the actual situation of the Company and making
reference to the current overall market conditions as well as the
compensation level of the independent non- executive directors set
by listed companies with total assets similar to those of the
Company and peers within the same industry, the board of directors
of the Company (the "Board") considered and approved a proposal to
adjust the remunerations of independent non-executive directors of
the Company from RMB150,000 (before tax) per annum per person to
RMB200,000 (before tax) per annum per person with retrospective
effect from 1 January 2019 (if the policies of State-owned Assets
Supervision and Administration Commission of the State Council
provide otherwise, such policies shall be followed). China National
Aviation Holding Corporation Limited, the controlling Shareholder
of the Company, has submitted an extraordinary proposal to the
Board in relation to the adjustment of remunerations of independent
non-executive directors of the Company. In accordance with the
relevant laws and regulations and the Company's articles of
association, the Board hereby presents such extraordinary proposal
at the AGM for consideration and approval by Shareholders.
SUPPLEMENTAL NOTICE IS HEREBY GIVEN that the AGM, which will be
held as originally scheduled, will consider and, if thought fit,
pass the following ordinary resolution proposed by the controlling
Shareholder, in addition to the resolutions set out in the Notice
of AGM:
ORDINARY RESOLUTION
8. To consider and approve the adjustment of remunerations of
independent non-executive directors of the Company to RMB200,000
(before tax) per annum per person with retrospective effect from 1
January 2019 (if the policies of State-owned Assets Supervision and
Administration Commission of the State Council provide otherwise,
such policies shall be followed).
By Order of the Board
Air China Limited
Zhou Feng
Tam Shuit Mui
Joint Company Secretaries
Beijing, the PRC, 15 May 2019
Notes:
(1) A revised form of proxy is enclosed with this supplemental
notice. Whether or not you are able to attend the AGM, please
complete the accompanying revised form of proxy in accordance with
the instructions printed thereon and return the same to the
Company's H share registrar, Computershare Hong Kong Investor
Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road
East, Wan Chai, Hong Kong as soon as practicable and in any event
not less than 24 hours before the time appointed for the holding of
the AGM or any adjournment thereof (as the case may be). Completion
and return of the revised form of proxy will not preclude the
Shareholders of the Company from attending and voting in person at
the AGM or any adjournment thereof.
(2) Please refer to the Notice of AGM for details of other
resolutions to be proposed at the AGM, the eligibility for
attending the AGM, proxy, registration procedures, closure of
register of members and other relevant matters.
As at the date of this supplemental notice, the directors of the
Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Xue Yasong,
Mr. John Robert Slosar, Mr. Wang Xiaokang*, Mr. Liu Deheng*, Mr.
Stanley Hui Hon-chung* and Mr. Li Dajin*.
* Independent non-executive director of the Company
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NOAGGUCPAUPBUMA
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