THIRD QUARTERLY REPORT OF 2026

(LSE:AIRC) Air China Limited released its third quarterly report for 2026, covering the period ended 30 September 2026, as approved by the Board on 29 October 2026. The financial statements were prepared in accordance with PRC Accounting Standards for Business Enterprises and were not audited. Revenue for the reporting period was 51,695,064 RMB'000, representing a 5.35% increase compared to the same period last year, and revenue for the year-to-date was 140,962,684 RMB'000, up 8.58%. Total profit for the reporting period was 85,688 RMB'000, a decrease of 97.93%, and for the year-to-date was -3,045,746 RMB'000, down 324.71%. Net profit attributable to shareholders for the reporting period was 270,596 RMB'000, down 92.64%, and for the year-to-date was -2,015,291 RMB'000, down 207.78%. Net profit after deducting non-recurring profits and losses was 62,745 RMB'000 for the quarter, down 98.28%, and -2,724,267 RMB'000 for the year-to-date, down 265.71%. Net cash flows from operating activities for the year-to-date were 25,624,541 RMB'000, a decrease of 24.80%. Basic and diluted earnings per share for the quarter were both 0.02 RMB, down 90.91%, and for the year-to-date were both -0.11 RMB, down 200.00%. Weighted average return on net assets was 0.45% for the quarter, a decrease of 7.81 percentage points, and -4.04% for the year-to-date, a decrease of 8.13 percentage points. At the end of the reporting period, total assets were 352,801,989 RMB'000, up 2.84% from the previous year, and owners' equity attributable to shareholders was 59,856,589 RMB'000, up 40.67%. Non-recurring profits and losses for the quarter included a loss on disposal of non-current assets of -1,884 RMB'000, government subsidies of 34,530 RMB'000, a gain on disposal of equity investment of 205,075 RMB'000, other non-operating income and expenses of 213,458 RMB'000, and total non-recurring profits and losses of 207,851 RMB'000. For the year-to-date, non-recurring profits and losses totaled 708,976 RMB'000. The company attributed the significant year-on-year fluctuations in profit indicators to a steep rise in oil prices, which led to a substantial increase in jet fuel costs. The number of holders of ordinary shares at the end of the reporting period was 179,259. The largest shareholder was China National Aviation Holding Corporation Limited with 8,334,704,710 shares (40.67% shareholding), of which 1,767,942,863 shares were frozen and 127,445,536 shares were pledged. Other major shareholders included Cathay Pacific Airways Limited with 2,633,725,455 shares (12.85%), China National Aviation Capital Holding Co., Ltd. with 2,130,898,021 shares (10.40%), and China National Aviation Corporation (Group) Limited with 1,949,262,228 shares (9.51%), of which 392,927,308 shares were frozen and 36,454,464 shares were pledged. HKSCC NOMINEES LIMITED held 1,691,606,360 shares (8.25%). The company issued shares to specific investors during the period, contributing to the increase in owners' equity. The report includes detailed breakdowns of non-recurring profit and loss items, shareholder structure, and explanations for major changes in financial indicators.

NOTICE OF BOARD MEETING

(LSE:AIRC) Air China Limited announced that a meeting of the board of directors will be held on Friday, 28 August 2026, for the purpose of, among other matters, considering and approving the interim results of the Company and its subsidiaries for the six months ended 30 June 2026.

UPDATE ANNOUNCEMENT OF CAPITAL CONTRIBUTION

(LSE: AIRC) Air China Limited announced the signing of the Second Capital Increase Agreement with Shenzhen International Logistics, Kunhang Investment, and Shenzhen Airlines on 12 June 2026. The announcement refers to a connected transaction regarding the capital contribution to Shenzhen Airlines, as previously disclosed in the announcement dated 5 June 2026. The Board stated that the Second Capital Increase Agreement was signed under the same terms as disclosed in the Announcement. The announcement was made by Xiao Feng, Company Secretary, on 12 June 2026 in Beijing, the PRC. The Directors of the Company as at the date of the announcement are Mr. Liu Tiexiang, Mr. Qu Guangji, Mr. Cui Xiaofeng, Mr. Lam Siu Por Ronald, Mr. Xiao Peng, Mr. Xu Niansha, Mr. He Yun, Ms. Winnie Tam Wan-chi, and Mr. Gao Chunlei. The announcement was distributed by RNS, the news service of the London Stock Exchange, in the United Kingdom. No specific financial figures, quantities, or metrics are disclosed in the source text.

COMPLETION OF ISSUANCE OF A SHARES

(LSE: AIRC) Air China Limited announced the completion of the issuance of 3,044,140,030 RMB ordinary shares (A Shares) to specific investors at an issue price of RMB6.57 per share, raising total proceeds of RMB19,999,999,997.10. The net proceeds after issuance expenses of RMB9,536,992.15 amounted to RMB19,990,463,004.95. The shares were subscribed in cash by CNAHC (913,242,009 shares) and CNAC Holding (2,130,898,021 shares), each subject to an 18-month lock-up period. The additional shares will be listed for trading on the Shanghai Stock Exchange after the lock-up period, with registration completed on 4 June 2026. The total share capital increased from 17,448,421,000 to 20,492,561,030 shares, and the controlling shareholder remains CNAHC. The company projects that the implementation of the proceeds-funded investment projects will effectively expand the Company's business scale, enhance its market competitiveness and provide solid support for the sustained growth of the Company's future business.

INDICATIVE ANNOUNCEMENT

Air China Limited has announced the indicative issuance of A Shares to specific investors. The issuance summary and related documents for the Issuance of A Shares to Specific Investors by the Company in 2025 have been filed with the Shanghai Stock Exchange. The subscribers are China National Aviation Holding Corporation Limited and China National Aviation Capital Holding Co., Ltd. The Issue Price is RMB6.57 per Share, with 3,044,140,030 Shares issued, resulting in total proceeds of RMB19,999,999,997.10 and actual net proceeds of RMB19,990,463,004.95 after deducting issuance expenses (excluding VAT). The Company will proceed with registration and custody of the additional Shares and will publish a completion announcement after these procedures are finished. This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

FORM OF PROXY FOR ANNUAL SHAREHOLDERS’ MEETING

Air China Limited has issued a form of proxy for its annual shareholders' meeting scheduled for 11 a.m. on Thursday, 28 May 2026 at The Conference Room C313, No. 30 Tianzhu Road, Shunyi District, Beijing, the PRC. Shareholders are invited to vote on several ordinary and special resolutions, including approval of the 2025 work report, audited consolidated financial statements for 2025, profit distribution proposal for 2025, and re-appointment of auditors for 2026. Additional resolutions cover unrecovered losses exceeding one-third of paid-up share capital, granting a general mandate to issue debt financing instruments, and approval of various financial services agreements for the years 2027 to 2029. The meeting will also address the Remuneration Management Policy for Directors and Senior Management and the 2026 Directors' Remuneration Plan. Details of the resolutions are available in the company's circular dated 6 May 2026.

CESSATION OF OFFICE OF SENIOR MANAGEMENT

Air China Limited announced the cessation of office of Mr. Sun Yuquan as Chief Accountant due to work adjustment, effective from 29 April 2026. Mr. Sun has completed the handover procedures in accordance with the relevant regulations of the Company, and there are no outstanding commitments. The Company stated that his departure will not have any adverse impact on daily operations. The appointment of a new Chief Accountant will be completed as soon as possible in accordance with relevant procedures. The Board expressed gratitude to Mr. Sun for his contributions during his tenure.

Sustainability and ESG Report 2025

Air China Limited released its 2025 Sustainability and ESG Report, covering the period from 1 January 2025 to 31 December 2025. The report details achievements in safety, customer service, environmental initiatives, and national strategy alignment, including 3.0133 million safe flight hours (up 2.1% year-on-year), a Phoenix Miles membership base exceeding 100 million, and an on-time performance rate of 91.8%. The company invested RMB 46.62 million in rural revitalization projects and introduced 35 COMAC C909 and 9 COMAC C919 aircraft. The report was reviewed and approved by the Board of Directors in March 2026.

ANNUAL REPORT 2025

Air China Limited released its Annual Report 2025, highlighting the conclusion of the 14th Five-Year Plan and preparations for the 15th Five-Year Plan. The company achieved 3.01 million safe flight hours in 2025 and reported revenue of RMB 171,484,646,000 for the year. Despite operational improvements, Air China recorded a loss after taxation of RMB (3,542,376,000) in 2025. The 'PhoenixMiles' frequent flyer programme exceeded 100 million members, and the company opened or resumed 12 international routes, expanding its network to six continents. These results reflect both operational achievements and ongoing financial challenges, which are significant for investors monitoring the company's recovery and growth trajectory.

Air China Ltd.