On January 16, 2023, Air China Limited closed the transaction. The company has amended the terms of the transaction The company has issued 1,675,977,653 A shares at a price of CNY 8.95 per share for gross proceeds of CNY 14,999,999,994.35. The transaction included participation from existing investor, China National Aviation Corporation Limited for 614,525,150 shares and CNY 5,500,000,092.50, UBS Group AG for 218,212,290 shares and CNY 1,952,999,995.50, existing investor, China National Aviation Fuel Group Limited for 167,597,765 shares and CNY 1,499,999,996.75, Chengtong Fund Management Co., Ltd., a fund managed by existing investor, China Structural Reform Fund Co., Ltd. for 67,039,106 shares and CNY 599,999,998.70, existing investors, Caitong Fund Management Co., Ltd. for 66,480,448 shares and CNY 595,000,009.60, E Fund Management Co., Ltd. for 58,100,558 shares and CNY 519,999,994.10, other investors, GF Fund Management Co., Ltd. for 49,497,206 shares and CNY 442,999,993.70, Greatwall Wealth Zhuque Hongying No.

1 Asset Management Product through Great Wall Wealth Asset Management Co., Ltd. for 33,519,553 shares and CNY 299,999,999.35, Sichuan Capital Market Bailout Development Securities Investment Fund Partnership, for 33,519,553 shares and CNY 299,999,999.35, China Merchants Securities Co., Ltd. for 31,284,916 shares and CNY 279,999,998.20, Shanghai Guotai Junan Securities Assets Management Limited for 28,491,620 shares and CNY 254,999,999, Bosera Asset Management Co., Ltd. for 28,379,888 shares and CNY 253,999,997.60, Ningbo Cinda Huajian Investment Co., Ltd. for 27,932,960 shares and CNY 249,999,992, Huashang Fund Management Company Ltd., Wt Asset Management Ltd., Beijing Chengtong Financial Control Investment Co., Ltd, Zhuhai Xuyuan Nuocheng Equity Investment Partnership Enterprise (Limited Partnership), Taikang Life Insurance Co., Ltd.-Dividend-Individual Dividend Product, Taikang Life Insurance Co., Ltd. Investment-Linked Innovation Dynamic Investment Account, Ping An Anying Share-based Pension Products, through Ping An Annuity Insurance Company of China, Ltd., Universal Insurance û Group Universal Insurance through Ping An Annuity Insurance Company of China, Ltd., Jinan Jiangshan Investment Partnership (Limited Partnership) for 27,932,960 shares and CNY 249,999,992.00 each. The company incurred expenses of CNY 6,983,407.03 and received net proceeds of CNY 14,993,016,587.32.