China Aircraft Leasing : DELAY IN DESPATCH OF CIRCULAR - CONTINUING CONNECTED TRANSACTION

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CHINA AIRCRAFT LEASING GROUP HOLDINGS LIMITED

中 國 飛 機 租 賃 集 團 控 股 有 限 公 司

(Incorporated under the laws of the Cayman Islands with limited liability)

(Stock code: 1848)

DELAY IN DESPATCH OF CIRCULAR

CONTINUING CONNECTED TRANSACTIONS

Reference is made to the announcement of China Aircraft Leasing Group Holdings Limited (the "Company") dated 11 November 2021 in relation to the proposed continuing connected transactions contemplated under the 2021 Framework Agreements (the "Announcement"). Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

As disclosed in the Announcement, a circular (the "Circular") containing, among other things,

1. further details of the 2021 Framework Agreements; (ii) the New Annual Caps; (iii) a letter from the Independent Board Committee; and (iv) a letter setting out the advice of the Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders, together with the notice of the EGM, was expected to be despatched to the Shareholders on or before 2 December 2021.

As additional time is required to finalise certain information to be included in the Circular, the Company expects that the despatch of the Circular will be postponed to a date on or before 15 December 2021.

By order of the Board

China Aircraft Leasing Group Holdings Limited

POON HO MAN

Executive Director and

Chief Executive Officer

Hong Kong, 1 December 2021

As at the date of this announcement, (i) the Executive Directors are Dr. ZHAO Wei, Mr. POON Ho Man and Ms. LIU Wanting; (ii) the Non-executive Director is Mr. TANG Chi Chun; and (iii) the Independent Non-executive Directors are Mr. FAN Yan Hok, Philip, Mr. NIEN Van Jin, Robert, Mr. CHEOK Albert Saychuan and Dr. TSE Hiu Tung, Sheldon.