June 9，Announced by Air China，The company made an irrevocable commitment to Cathay Pacific Airways Limited (“Cathay Pacific”) on June 9, 2020，Commitment to all relevant subsidiaries of the company to pay 4 per share.A total of 750 allocated from the subscription of Cathay Pacific rights shares at a subscription price of HK$68,756,342 Cathay Pacific shares，The expected transaction amount is approximately 35.HK$1.4 billion。

The company’s stocks will resume trading from the opening of the market on June 10, 2020。

As of the announcement date，The company holds a total of Cathay Pacific 188bet online sports betting Airways1 through 6 wholly-owned subsidiaries1,179,759,987 shares，Accounting for 29 of its total share capital.99%，The company’s board of directors agrees and issues an irrevocable commitment to Cathay Pacific，Commitment to the company's subsidiaries to subscribe for their respective allocated Cathay Pacific shares，Estimated total allocation is 750,756,342 shares，The transaction amount is about 35.HK$1.4 billion。This transaction is planned to be paid for with the company’s own funds。Cathay Pacific’s placement is part of its recapitalization plan，If all placements are subscribed，Then after the transaction is completed, the company’s proportion of its total share capital after the placement is still 29.99%；If the placement is fully subscribed and all options included in Cathay Pacific’s recapitalization plan are converted into shares，After the completion of Cathay Pacific’s recapitalization plan，The company’s shareholding ratio will be reduced to 28.17%。

As of the announcement 188bet online sports betting date，Cathay Pacific Airways Holding Company 18.13% equity，Company Director Cai Jianjiang、Song Zhiyong and He Yili appointed as directors of Cathay Pacific Airways，In accordance with the provisions of the Listing Rules of the Shanghai Stock Exchange and the Listing Rules of The Stock Exchange of Hong Kong Limited (hereinafter referred to as the “Stock Exchange Listing Rules”)，Cathay Pacific is an associated/connected party of the company，This transaction constitutes a related/connected transaction under the Shanghai Stock Exchange Listing Rules and the Stock Exchange Listing Rules。This transaction is the company’s subscription of stocks publicly issued by related parties in cash，Transactions that are exempt from review and disclosure in the form of related-party transactions under the Shanghai Stock Exchange Listing Rules。

188bet online sports betting ：Gelonghui，Author: Gelonghui, original title：《Air China(601111.SH): Commitment to subscribe for Cathay Pacific rights shares and trading will resume tomorrow》.