SSE ANNOUNCEMENT

The SSE Announcement is written in Chinese, with no official English translation. The English translation is provided solely for reference only. In case of any discrepancy between the two versions, the Chinese version shall prevail. The full version of the SSE Announcement is as follows:

AIR CHINA LIMITED

ANNOUNCEMENT ON KEY OPERATING DATA OF DECEMBER 2021

In December 2021, Air China Limited (the "Company") and its subsidiaries (the "Group") recorded a year-on-year decrease and a month-on-month increase in combined passenger traffic (measured by revenue passenger kilometers (the "RPK")). Passenger capacity (measured by available seat kilometers (the "ASK")) recorded a year-on-year decrease of 33.3% and a month-on-month increase of 30.8%. Passenger traffic recorded a year-on-year decrease of 37.4% and a month-on-month increase of 40.1%. Among which, for domestic routes, passenger capacity decreased by 33.8% year on year and increased by 31.9% month on month, and passenger traffic decreased by 37.8% year on year and increased by 40.4% month on month. For international routes, passenger capacity decreased by 36.9% and 13.4% as compared to the same period last year and the previous month, respectively, and passenger traffic decreased by 36.6% and 4.1% as compared to the same period last year and the previous month, respectively. For regional routes, passenger capacity increased by 18.2% and 94.0% as compared to the same period last year and the previous month, respectively, and passenger traffic recorded a decrease of 0.5% year on year and an increase of 145.1% month on month. The overall passenger load factor was 63.5%, representing a decrease of 4.1 percentage points as compared to the same period last year and an increase of 4.2 percentage points as compare to the previous month. Among which, the passenger load factor for domestic routes decreased by 4.1 percentage points year on year and increased by 3.9 percentage points month on month, the passenger load factor for international routes increased by 0.2 percentage points and 4.2 percentage points as compared to the same period last year and the previous month, respectively, and the passenger load factor for regional routes decreased by 8.7 percentage points year on year and increased by 9.6 percentage points month on month.

In terms of cargo operations, cargo capacity (measured by available freight tonne kilometers (the "AFTK")) increased by 4.4% year on year, and cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) increased by 9.3% year on year. The cargo load factor was 38.9%, representing a year-on-year increase of 1.7 percentage points.

In December 2021, the Group introduced two A321NEO aircraft, two A320NEO aircraft, one A350 aircraft and one business jet and retired one A330-200 aircraft. As at the end of December 2021, the Group operated a fleet of 746 aircraft, including 298 self-owned aircraft, 240 aircraft under finance lease and 208 aircraft under operating lease.