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BEIJING - Air China (OTC:AIRYY) Limited announced the adoption of updated articles of association at its annual shareholders’ meeting held on Tuesday.
The updated articles, which were approved at the 2024 annual shareholders’ meeting on June 24, 2025, represent the latest in a series of amendments dating back to the company’s establishment in 2004.
The revised document outlines the company’s governance structure, including the roles of shareholders, board of directors, and special committees. It also details Air China’s financial and accounting systems, profit distribution policies, and procedures for mergers, demergers, and dissolution.
Key provisions include the establishment of a Party Committee within the company structure, which is tasked with "playing a leading role" and "setting the right direction" for the airline. The document also specifies that the company shall distribute cash dividends of not less than 15 percent of distributable profits annually, provided certain conditions are met.
The articles establish specific committees under the board of directors, including audit and risk management, strategy and investment, nomination, remuneration and appraisal, and aviation safety committees.
The updated articles maintain Air China’s registered capital at RMB17,448,421,000 with 17,448,421,000 shares issued, of which approximately 71.60% are A Shares and 28.40% are H Shares.
The document was filed with the London Stock Exchange (LON:LSEG) through a Regulatory News Service announcement, noting that in case of discrepancy between English and Chinese versions, the Chinese version shall prevail.
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