About BEIJING AIRPORT Company

(1) Issuer history The issuer is a limited company established by Beijing Capital International Airport (the current “Airport Group”) as the sole sponsor and approved by the “Reply to Agree to Establish Beijing Capital International Airport Co., Ltd.” (China Economic and Trade Enterprise Reform [1999] No. 976) issued by the former National Economic and Trade Commission of the People's Republic of China on October 13, 1999. The issuer registered with the State Administration for Industry and Commerce on October 15, 1999, and obtained the “Enterprise Legal Person Business License” (registration number: 1000001003244). The issuer's registered capital at the time of establishment was RMB 2.5 billion, and the enterprise type was a company limited by shares. According to the Ministry of Finance's “Approval on Issues Relating to Beijing Capital International Airport Co., Ltd. (Preliminary) State-owned Equity Management” (Finance Management Letter [1999] No. 315) and the approval of the former State Economic and Trade Commission's “Reply Letter on Agreeing to Establish Beijing Capital International Airport Co., Ltd.” (China Economic, Trade and Enterprise Reform [1999] No. 976), the issuer's total shares at the time of establishment were 250,000 shares, each with a face value of RMB 1.00 yuan. The nature of the shares was national shares. On October 18, 1999, the issuer held the first Extraordinary General Meeting of Shareholders to approve and authorize the board of directors to issue H shares and other related matters with a special resolution. As approved by the former National Economic and Trade Commission of the People's Republic of China's “Reply on Agreeing Beijing Capital International Airport Co., Ltd. to be an Overseas Recruiting Company” (China Economic, Trade and Enterprise Reform [1999] No. 1043) and the China Securities Regulatory Commission's “Approval to Issue Overseas Listed Foreign Shares” (Securities Regulatory Issue [1999] No. 145), the issuer publicly issued 1,346.15 million H shares on the Hong Kong Stock Exchange Limited with a face value of RMB 1.00 per share and an issue price of HKD per share 1.87 yuan On February 1, 2000, H shares issued by the issuer were listed on the Hong Kong Stock Exchange under the stock code 0694. On May 18, 2001, the former Ministry of Foreign Economy and Trade of the People's Republic of China approved the change of the issuer to Foreign Investment Co., Ltd. with the “Reply Concerning the Change of Beijing Capital International Airport Co., Ltd. to Foreign Investment Co., Ltd.” (Foreign Economic and Trade Information Letter [2001] No. 457). As of the date of signing of this prospectus, the issuer's affiliation and economic nature have not changed, and the historical history is legal and compliant. (2) Status of the issuer's previous share capital changes 1. H share issuance in 2000 On October 18, 1999, the issuer held the first Extraordinary General Meeting of Shareholders to approve and authorize the board of directors to issue H shares and other related matters with a special resolution. The issuer issued 1,346.15 million H shares in Hong Kong on January 27, 2000, with a face value of RMB 1.00 per share, as approved by the former National Economic and Trade Commission of the People's Republic of China (China Economic, Trade and Enterprise Reform [1999] No. 1043) and the China Securities Regulatory Commission's “Approval to Issuance of Overseas Listed Foreign Shares by Beijing Capital International Airport Co., Ltd.” (Securities Regulatory Issue No. [1999] No. 145). 2. First H-share placement in 2006 As approved by the China Securities Regulatory Commission's “Approval to Issue Additional Overseas Listed Foreign Shares by Beijing Capital International Airport Co., Ltd.” (Securities Regulatory Authority Agreement [2006] No. 18), the issuer publicly placed 20 million H shares at HK$5.10 per share on September 25, 2006. Note: According to the “Ministry of Finance's Approval on Issues Related to the Issuance of Additional H Shares by Beijing Capital International Airport Co., Ltd.” (Finance [2006] No. 391), 20 million domestic shares of Capital Airport held by the group company were transferred to the National Social Security Fund Council when the H shares were issued this time. 3. Second H-share placement in 2008 As approved by the China Securities Regulatory Commission's “Approval to Issue Additional Overseas Listed Foreign Shares” (Securities Regulatory License [2008] No. 289), the issuer publicly placed 313,214,000 H shares at HK$7.45 per share on May 30, 2008 (including the sale of 28,474,000 shares already transferred to the National Social Security Fund Council). Note: According to the “Letter from the Ministry of Finance on Approving the Issues Relating to the Issuance of Additional H Shares and the Transfer of State-owned Shares by Beijing Capital International Airport Co., Ltd.” (Finance [2007] No. 725), 28,474,000 domestic shares of Capital Airport held by the group company were transferred to the National Social Security Fund Council at the time of the issuance of H shares, converted to H shares and sold on their behalf. 4. Non-public offering of domestic shares in 2019 On April 30, 2019 (after the trading period), the issuer and parent company entered into a share subscription agreement (“subscription agreement”), according to which the issuer will conduct a non-public offering (“non-public offering”) by transferring the share capital from public capital (exclusive to the state), allotting and issuing 241,766,690 subscription shares at the issue price (subject to adjustment)), and the parent company will subscribe for the above subscription shares according to the issue price. The issuer's Extraordinary General Meeting of Shareholders and the H Share Class Shareholders' Meeting held on July 30, 2019 have approved the above non-public offering, subscription agreements and related transactions and matters relating to the non-public offering. In view of the final dividend already paid by the issuer on August 30, 2019, the issue price of each subscribed share was adjusted from RMB 6.1784 to RMB 6.0161, and the number of subscribed shares was adjusted from RMB 241,766,690 to 248,288,977 shares. On September 18, 2019, the issuer received Civil Aviation Letter [2019] No. 828 “Approval Regarding Capital Airport Corporation's State-Owned Exclusive Capital Stock Transfer” from the Civil Aviation Administration of China. At this point, the Civil Aviation Administration of China agreed that the issuer would make a targeted transfer to the parent company by means of a targeted transfer of share capital from the state-owned exclusive capital reserve. The targeted transfer price was 6.0161 yuan per share, and the number of additional shares was 248,288,977 shares. On November 7, 2019, the above non-public offering was completed. The number of national shares held by the parent company increased from 2,451,526,000 shares to 2,699,814,977 shares, and the proportion of the total share capital rose from 56.61% to 58.96%. Thus, the issuer's share capital increased to 4,579,178,977 yuan. As of the date of signing of this prospectus, there have been no relevant changes in the issuer's share capital structure.