AIR CHINA LIMITED

2023 WORK REPORT OF THE SUPERVISORY COMMITTEE

In 2023, Air China adhered to the guidance of Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, fully implemented the philosophy of the 20th National Congress of the Communist Party, absolutely focused on the top mission of high-quality development, ensuring safe production steadily, effective maximization of operating performance, steady increase in quality of services, and solid progress in further reforms. Staying committed to contributing to the "national priorities" with great efforts, it achieved positive progress in its overall work, laying a solid foundation for the development into a world-class enterprise. The Supervisory Committee of the Company has consistently fulfilled the work requirements of state-owned assets regulation and securities regulation. Based on its functions and positioning, it faithfully and diligently performed its duties, supervised and inspected the performance of duties by directors and senior management, the Company's finance, the establishment of internal control system, the decision-making procedures of the Board and the Company's operation and management activities in strict accordance with the laws and regulations, such as the Company Law and the Securities Law, and relevant requirements, such as the Articles of Association and the Rules and Procedures of the Supervisory Committee. The Supervisory Committee played its supervisory role and safeguarded the interests of the Company and its shareholders and the legitimate rights and interests of employees. The work of the Supervisory Committee is hereby reported as follows:

I.          PERFORM THE SUPERVISORY AND INSPECTION DUTIES OF THE SUPERVISORY COMMITTEE

(1)       Perform its duties according to law and play the supervisory role. Firstly, the Supervisory Committee attended 4 general meetings of shareholders, 7 on-site meetings of the Board and important special sessions of the Company throughout the year to fully understand the Company's production and operation and material operation and management matters, and focus on the supervision of meeting convening procedures and decision-making procedures. Secondly, the Supervisory Committee attended the Company's annual work meeting, interim work meeting and employee representative meeting. The Supervisory Committee carefully reviewed the work report of the management and the duty performance reports of directors and senior management of the Company, and timely monitored the duty performance of directors and senior management. Based on the audit inspection and the assessment results of SASAC, the Supervisory Committee followed up on the implementation of SASAC's assessment and rectification of the Board.

(2)       Effectively strengthen financial supervision. In view of the basic supervisory responsibilities, the Supervisory Committee regularly listened to the special reports of the Financial Department and the annual audit accountant, reviewed the Company's annual, interim and quarterly financial reports, and supervised the Company's financial operation and report preparation, audit and disclosure procedures, to ensure that the financial report information disclosed by the Company was true, accurate and complete.

(3)       Promote the development of the internal control system. The Supervisory Committee implemented the Company's requirements for legal compliance, quality improvement and efficiency increase, and further strengthened the development of the Company's internal control system and the implementation of internal control assessment and rectification. While carefully reviewing the internal control implementation plan and assessment report, the Supervisory Committee also listened to the special reports of the Company's functional departments, supervised the internal control assessment and rectification, carefully inspected the rectification results and improved the internal control and management level.