Air China Limited (601111.SH) controlling shareholder voluntarily promises not to reduce their holdings in the company.
Air China (601111.SH) issued an announcement on April 8, 2025, stating that the company has received a proposal from its controlling shareholder, Air China...
Air China Limited (601111.SH) announced that on April 8, 2025, the company has received a notification from its controlling shareholder, China National Aviation Corporation Limited (referred to as "CNA") and its wholly-owned subsidiary, China Aviation (Group) Corporation Limited (referred to as "CNA Limited"), regarding their commitment not to reduce their shareholding in the company. The main contents of the notification are as follows:
CNA and CNA Limited are optimistic about the future of the Chinese aviation industry. Based on their confidence in the company's future development prospects and their recognition of the company's intrinsic investment value, they promise that, in addition to strictly fulfilling the share lock-up commitments made for further financing, for a period of 18 months from the date of the notification, CNA and CNA Limited will not reduce their holdings of the company's unrestricted circulating shares (including newly acquired shares due to capital reserve conversion, stock dividend distributions, rights issues, additional issuances, etc.) in any way.
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