Air China announces updated board of directors composition

BEIJING - Air China (OTC:AIRYY) Limited (SEHK:00753), a major airline company in the People’s Republic of China, has released an updated list of its board of directors, detailing the roles and functions of each member. The announcement, made on February 25, 2025, outlines the structure of the executive, non-executive, and independent non-executive directors along with the composition of the company’s five key board committees.

Ma Chongxian serves as the Chairman of the Board and an Executive Director, with Wang Mingyuan also listed as an Executive Director. The non-executive directors include Cui Xiaofeng and Patrick Healy, while Xiao Peng is designated as the Employee Representative Director.

The board features several Independent (LON:IOG) Non-executive Directors: Xu Niansha, He Yun, Winnie Tam Wan-chi, and Gao Chunlei, who also hold positions on various board committees. These committees play a crucial role in the governance and strategic direction of Air China, including the Strategy and Investment Committee, Audit and Risk Management Committee (also known as the Supervision Committee), Nomination Committee, Remuneration and Appraisal Committee, and the Aviation Safety Committee.

Each member’s participation in these committees is clearly defined, with Ma Chongxian chairing the Strategy and Investment Committee and Wang Mingyuan chairing the Remuneration and Appraisal Committee. Independent Non-executive Director Xu Niansha is the chairman of the Nomination Committee and a member of the other committees, except the Aviation Safety Committee. Similarly, Gao Chunlei chairs the Audit and Risk Management Committee and serves as a member of the Nomination and Remuneration and Appraisal Committees.

The announcement of this directorial structure is based on a press release statement and provides investors and stakeholders with transparency regarding the leadership and oversight within Air China. The airline’s corporate governance is crucial for maintaining operational efficiency and strategic planning, which directly impacts its performance in the competitive aviation industry.

As Air China continues to navigate the complexities of the global aviation market, the expertise and guidance of its board of directors will be instrumental in steering the company towards its goals. The updated list of directors and their respective roles within the company’s governance framework is now public information, following its approval by the Financial Conduct Authority and its dissemination through the London Stock Exchange (LON:LSEG)’s news service RNS.

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