June 15, ChinaAir ChinaAnnouncement, the company is planning to acquireShandong AirlinesControl of the group，And then obtained control of Shandong Airlines shares。

June 14, 2022，Company、Shandong Airlines Group and Shandong Iron and Steel Financial Holdings signed the "Framework Agreement on Equity Transfer and Capital Increase of Shandong Airlines Group Co., Ltd." (hereinafter referred to as "ldquo;《Framework Agreement》”）。According to the "Framework Agreement"，188bet app download The company plans to transfer the equity of Shandong Airlines Group held by Shandong Iron and Steel Financial Holdings and plans to increase capital to Shandong Airlines Group；The company also plans to further communicate with 188bet app download other shareholders of Shandong Airlines Group and determine the investment arrangements for Shandong Airlines Group。The company plans to hold no less than 66% of the equity of Shandong Airlines Group through the aforementioned transactions，And obtained control of Shandong Airlines Group。The equity transfer and capital increase prices 188bet app involved in the above transactions will be based on the appraised value of Shandong Airlines Group after filing with the competent state-owned assets supervision and administration agency，Determined through negotiation between relevant parties。As the proposed transaction will result in the company’s total direct and indirect equity interest in Shandong Airlines exceeding 30%，According to the provisions of the "Measures for the Administration of Acquisitions of Listed Companies"，The company should issue a comprehensive offer to other shareholders of Shandong Airlines except the company and Shandong Airlines Group。Accordingly，The company issued the "Summary of the Tender Offer Report of Shandong Airlines Co., Ltd." to the shareholders of Shandong Airlines Co., Ltd. on June 14, 2022。