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China Eastern Airlines : 20151128-OVERSEAS REGULATORY ANNOUNCEMENT-Announcement on Issuance of...

11/28/2015 | 08:26pm US/Eastern

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock code: 00670)

OVERSEAS REGULATORY ANNOUNCEMENT Announcement on Issuance of Super Short-term Commercial Paper

The Company and all members of the Board warrant that the information set out in this announcement is true, accurate and complete, and accept joint responsibility for any false information or misleading statements contained in, or material omissions from, this announcement.

As approved by the shareholders of China Eastern Airlines Corporation Limited (the 'Company') in its 2013 annual general meeting, it was agreed that the Company may apply to the National Association of Financial Market Institutional Investors (the 'Association') for registration of super short-term commercial paper with an aggregate principal amount of not more than RMB20 billion and for a term of not more than 270 days (to be issued on a rolling basis within the effective period of registration). On 12 December 2014, the Company received a 'Notification on Acceptance of Registration' (Zhong Shi Xie Zhu 2014 No. SCP 131) from the Association, accepting the registration of the Company's super short-term commercial paper. The aggregate registered amount of RMB20 billion is effective within two years from the issuance date of the notification. The super short-term commercial paper may be issued in tranches within the effective period of registration.

The Company has completed the issuance of the 2015 seventh tranche of super short-term commercial paper of the Company (the 'Seventh Tranche SCP') on 27 November 2015. The issuance amount of the Seventh Tranche SCP was RMB2.0 billion with a maturity of 180 days whereas the nominal value was RMB100 per unit and the annual interest rate was 3.00%.

China Development Bank Corporation and China Merchants Bank Co., Ltd., acting as the joint lead underwriter, formed an underwriting syndicate for the Seventh Tranche SCP. The Seventh Tranche SCP will be issued to institutional investors in public in the PRC interbank debenture market by way of book-building and centralised placing. The proceeds from the Seventh Tranche SCP will be used principally to re-finance bank loans of the Company and its subsidiaries. The relevant documents in respect of the Seventh Tranche SCP are available at the websites of China Money (www.chinamoney.com.cn) and Shanghai Clearing House (www.shclearing.com).

By order of the Board


Joint Company Secretary

Shanghai, the People's Republic of China 27 November 2015

As at the date of this announcement, the directors of the Company include Liu Shaoyong (Chairman), Ma Xulun (Vice Chairman, President), Xu Zhao (Director), Gu Jiadan (Director), Li Yangmin (Director, Vice President), Tang Bing (Director, Vice President), Tian Liuwen (Director, Vice President), Ji Weidong (Independent non-executive Director), Li Ruoshan (Independent non-executive Director), Ma Weihua (Independent non-executive Director) and Shao Ruiqing (Independent non-executive Director).

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