Summary by Moomoo AI
CHINA INTERNATIONAL AIRLINES CO., LTD. (“CHINA AIRLINES”) ANNOUNCED THAT IT HAS COMPLETED THE ISSUANCE OF H SHARES TO CERTAIN PARTIES ON 7 FEBRUARY 2024 AND AMENDED ITS ARTICLES OF ASSOCIATION. The issuance of 392,927,308 shares of H shares at a price of HK$5.09 per share was subscribed for in cash by China. Upon completion of the issue, the shareholding of China Airlines Group and its affiliates increased from 50.14% to 51.32% and Cathay Pacific's shareholding ratio decreased from 16.26% to 15.87%. Public shareholders' equity decreased from 33.60% to 32.81%. After this issue, China Airlines changed its total share capital to 16,593,720,146 shares, and the registered capital increased accordingly to RMB16,593,720,146. The relevant terms of the Articles of Association have also been amended to reflect changes in the share capital structure. The amendment is not subject to submission to the General Meeting for consideration as it is within the scope of the mandate of the previous General Meeting. China Airlines reminds shareholders and potential investors to exercise caution when trading company securities.