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 JANUARY 2022

In January 2022, Air China Limited (the "Company") and its subsidiaries (the "Group") recorded a year-on-year 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 increase of 2.0% and a month-on-month increase of 10.3%. Passenger traffic recorded a year-on-year increase of 0.7% and a month-on-month increase of 3.7%. Among which, for domestic routes, passenger capacity increased by 2.5% year on year and increased by 10.7% month on month, and passenger traffic increased by 1.0% year on year and increased by 4.1% month on month. For international routes, passenger capacity decreased by 34.0% and 3.2% as compared to the same period last year and the previous month, respectively, and passenger traffic decreased by 51.8% and 36.7% as compared to the same period last year and the previous month, respectively. For regional routes, passenger capacity increased by 71.1% and 12.0% as compared to the same period last year and the previous month, respectively, and passenger traffic recorded an increase of 105.8% year on year and an increase of 28.3% month on month. The overall passenger load factor was 59.6%, representing a decrease of 0.8 percentage points as compared to the same period last year and a decrease of 3.8 percentage points as compared to the previous month. Among which, the passenger load factor for domestic routes decreased by 0.9 percentage points year on year and decreased by 3.9 percentage points month on month, the passenger load factor for international routes decreased by 10.4 percentage points and 15.0 percentage points as compared to the same period last year and the previous month, respectively, and the passenger load factor for regional routes increased by 8.9 percentage points year on year and increased by 6.7 percentage points month on month.

In terms of cargo operations, cargo capacity (measured by available freight tonne kilometers (the "AFTK")) increased by 34.3% year on year, and cargo and mail traffic (measured by revenue freight tonne kilometers (the "RFTK")) increased by 17.8% year on year. The cargo load factor was 36.7%, representing a year-on-year decrease of 5.1 percentage points.

In January 2022, the Group introduced one A320NEO aircraft, retired one A330-200 aircraft. As at the end of January 2022, the Group operated a fleet of 746 aircraft, including 303 self-owned aircraft, 234 aircraft under finance lease and 209 aircraft under operating lease.