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) FURTHER ANNOUNCEMENT BELLYHOLD SPACE MANAGEMENT AGREEMENTReference is made to the announcement dated 3 January 2017 in respect of the Bellyhold Space Management Agreement between the Company and China Cargo Airlines (the "Announcement"). Unless otherwise defined, terms used in this announcement shall have the same meaning as those set out in the Announcement.
As disclosed in the Announcement, the Company estimated that the annual growth rate of revenue of its bellyhold space business will reach 7-11% for the three years ending 2019 on the basis of the historical amounts of RMB2,384 million, RMB2,605 million and RMB2,011 million for the two years ended 2015 and the first three quarters of 2016, respectively. The Company hereby further announces the unaudited historical amount of revenue generated from its bellyhold space business for the whole year of 2016 and the specific estimated amount of revenue generated from its bellyhold space business for the three years ending 2019 as follows.
RMB million
2014 | 2015 | 2016 | 2017 2,900 - | 2018 3,100 - | 2019 3,300 - |
2,384 | 2,605 | 2,851 | 3,300 | 3,700 | 4,100 |
Note: The historical amount for the year 2016 has not been audited and may be adjusted. The Company will reserve its right to adjust the number according to the audit results and actual amounts.
By order of the Board
CHINA EASTERN AIRLINES CORPORATION LIMITED Wang JianCompany Secretary
Shanghai, the People's Republic of China 17 January 2017
As at the date of this announcement, the directors of the Company include Liu Shaoyong (Chairman), Ma Xulun (Vice Chairman, President), Li Yangmin (Director, Vice President), Xu Zhao (Director), Gu Jiadan (Director), Tang Bing (Director, Vice President), Tian Liuwen (Director, Vice President), Li Ruoshan (Independent non-executive Director), Ma Weihua (Independent non-executive Director), Shao Ruiqing (Independent non-executive Director) and Cai Hong Ping (Independent non-executive Director).
China Eastern Airlines Corporation Ltd. published this content on 17 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 January 2017 17:21:02 UTC.
Original documenthttp://en.ceair.com/upload/2017/1/17215352.pdf
Public permalinkhttp://www.publicnow.com/view/C7C38EB278B84B12B668AD8868E41F4F3A7339A3