CHEAF China Eastern Air (PK)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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Certain statements contained in this announcement may be regarded as “forward-looking statements” within the meaning of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The forward-looking statements included in this announcement represent the Company’s views as of the date of this announcement. While the Company anticipates that subsequent events and developments may cause the Company’s views to change, the Company specifically disclaims any obligation to update these forward-looking statements, unless required by applicable laws. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this announcement.

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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.

INSIDE INFORMATION

OVERSEAS REGULATORY ANNOUNCEMENT

ANNOUNCEMENT ON OPERATING DATA FOR APRIL 2020

In April 2020, the Company’s passenger transportation capacity (measured by available seat- kilometres) decreased by 72.76% year-on-year, among which, the passenger transportation capacity of its domestic, international and regional routes decreased by 59.22%, 95.87% and 95.66% year-on-year, respectively; passenger traffic volume (measured by revenue passenger- kilometres) decreased by 79.07% year-on-year, among which, the passenger traffic volume of its domestic, international and regional routes decreased by 68.49%, 97.83% and 99.17% year-on-year, respectively; and passenger load factor decreased by 19.39 percentage points year-on-year to 64.21%, among which, the passenger load factor of its domestic, international and regional routes decreased by 19.30, 38.61 and 66.35 percentage points year-on-year, respectively.

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Affected by the occurrence of the novel coronavirus (COVID-19) epidemic since the beginning of 2020, the demand and willingness of passengers to travel have been significantly reduced. The Company timely adjusted its operating strategies, such as suspending or adjusting the operation of certain flights, timely organised special charter flights, enhanced epidemic protection for passengers and employees, and strengthened the transportation of epidemic prevention materials. With the situation of prevention and control of the novel coronavirus (COVID-19) epidemic in China being further stabilized and normalized and the resumption of work and production in various regions being promoted in an orderly manner, domestic passenger transportation capacity and passenger traffic volume increased by 8.73% and 21.72% respectively as compared with March 2020, and domestic passenger load factor was 65.62%, representing an increase of 7.01 percentage points as compared with March 2020. The demand and willingness of passengers to travel have increased as compared with last month. However, the global epidemic situation is still severe. International passenger transportation capacity and passenger traffic volume decreased by 81.41% and 83.39% respectively and regional passenger transportation capacity and passenger traffic volume decreased by 43.71% and 66.12% respectively as compared with March 2020, representing a further decline from March 2020. The Company will actively optimise and adjust its transportation capacity deployment in the future based on the progress of prevention and control of the novel coronavirus (COVID-19) epidemic and the recovery of market demand.

In relation to freight transportation, freight load volume in April 2020 increased by 2.17% year-on-year. The freight transportation business of the Company only consists of bellyhold space freight operated through passenger aircraft, and such business is under contractual operation by Eastern Airline Logistics Co., Limited ( 東方航空物流股份有限公司) (“Eastern Logistics”), a subsidiary of the controlling shareholder of the Company. During the outbreak of the novel coronavirus (COVID-19) epidemic, there has been relatively strong demand for medical and anti-epidemic materials, and therefore the Company has promptly carried out freighter conversion for some passenger aircraft (“Passenger-to-Freighter Conversion”) to enhance air freight transportation capacity. The relevant freight transportation business is operated by Eastern Logistics specifically for external operations, and the transactions between the two parties are on normal commercial terms on a fair basis. As of the date of this announcement, the Company has conducted Passenger-to-Freighter Conversion to 13 A330 aircraft, among which 8 have been put into operation. Compared with last month, the Company launched new outbound freight transportation charter routes, such as Shenzhen — Los Angeles, etc.

In April 2020, the Company launched a new domestic passenger transportation route, i.e. Baoshan, Yunnan Province — Jinghong, Yunnan Province.

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In April 2020, the Company had no introduction and retirement of aircraft, and operated a total of 723 aircraft, including 263 self-owned aircraft, 261 aircraft under finance lease and 199 aircraft under operating lease.

As at the end of April 2020, details of the fleet structure of the Company were as follows:

Note: The 11 business aircraft self-owned by and held under trust of the Company were not included in the fleet.

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The board of directors of the Company hereby reminds investors that the operating data set forth above was compiled in accordance with the Company’s internal information which has not been audited and may be subject to adjustment. The operating data set forth above may differ from the data disclosed in any regular report for the relevant period. The Company reserves its rights to adjust the operating data based on audit findings and the actual situation. The monthly operating data disclosed by the Company only serves as preliminary and periodical data for investors’ reference. Investors are hereby reminded of the investment risks which may result from inappropriate reliance upon or utilization of the information above.

The strike and impact of the novel coronavirus (COVID-19) epidemic on the international and domestic businesses of the Company have great uncertainty in terms of their time span and severity, and the specific extent of impact is yet to be evaluated according to the actual situation in the future. Investors are reminded of the risks thereof.

The data set forth above is published on the website of the Shanghai Stock Exchange (www.sse.com.cn), the website of The Stock Exchange of Hong Kong (www.hkex.com.hk) and the column “Investor Relations” under “About China Eastern Airlines — Get to know China Eastern Airlines” on the website of the Company (www.ceair.com).

As at the date of this announcement, the directors of the Company include Liu Shaoyong (Chairman), Li Yangmin (Vice Chairman), Tang Bing (Director), Wang Junjin (Director), Lin Wanli (Independent non-executive Director), Shao Ruiqing (Independent non-executive Director), Cai Hongping (Independent non-executive Director), Dong Xuebo (Independent non-executive Director) and Yuan Jun (Employee Representative Director).

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