Core Insights - China Eastern Airlines (CEA) is enhancing its cultural exchange and connectivity with Italy through the launch of new direct flight routes and collaboration with the Treccani Research Institute, showcasing its international diversification efforts [1][3]. Group 1: Flight Operations - CEA has successfully launched five direct flight routes between China and Italy, including flights from Shanghai to Rome, Milan, and Venice, as well as from Xi'an to Milan and Wenzhou to Rome, with a total of 46 weekly flights [3]. - The airline is expanding its international routes, having recently opened new connections to Casablanca, Abu Dhabi, Geneva, Milan, and Almaty, and plans to introduce a route from Shanghai to Auckland and Buenos Aires in the second half of the year [5]. Group 2: Cultural and Tourism Initiatives - CEA is actively promoting the integration of aviation and cultural tourism, having launched themed flights such as the "China Film Consumption Year" and introduced the world's first "Aerial Museum" with the "Shanghai Museum" painted aircraft [7]. - The airline has prepared over 1 million discounted tickets and various travel packages for domestic and international tourists during the "Shanghai Summer" international consumption season [7]. Group 3: Market Impact - The continuous optimization of China's visa-free transit policy is expected to invigorate the inbound tourism market, attracting more international visitors to experience the "China Travel" trend [9].

Core Points - China Eastern Airlines has upgraded the "Shanghai-Changchun" route to an "Air Express" service, operating 16 round trips daily, enhancing travel efficiency between the Yangtze River Delta and Northeast regions [1][2] - The airline has implemented a full-process quick service chain in collaboration with Changchun, Pudong, and Hongqiao airports, featuring dedicated check-in counters, fast security channels, and exclusive boarding gates to streamline passenger experience [1][3] - The "Air Express" service includes a flexible "Easy Boarding - Arrive and Go" option, allowing passengers to change to an earlier flight without a fee, further enhancing convenience [2] - The service aims to create a direct air transfer corridor connecting Northeast China to the global market, with integrated air-rail transport options to improve regional connectivity [2] - The "Air Express" brand is characterized by high punctuality, streamlined boarding processes, and premium service, having evolved over 20 years to encompass 39 routes [3]

Summary of Key Points Core Viewpoint - On July 9, 37 Hong Kong-listed companies conducted share buybacks, totaling 49.01 million shares and an amount of 1.129 billion HKD [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 1.005 million shares for 500 million HKD, with a highest price of 504.000 HKD and a lowest price of 495.200 HKD, accumulating a total buyback amount of 39.543 billion HKD for the year [1][2]. - WuXi Biologics repurchased 11.5 million shares for 298 million HKD, with a highest price of 26.150 HKD and a lowest price of 25.650 HKD, accumulating a total buyback amount of 1.708 billion HKD for the year [1][2]. - AIA Group repurchased 4 million shares for 274 million HKD, with a highest price of 68.950 HKD and a lowest price of 68.050 HKD, accumulating a total buyback amount of 16.935 billion HKD for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on July 9 was from Tencent Holdings at 500 million HKD, followed by WuXi Biologics at 298 million HKD [1][2]. - The largest number of shares repurchased on July 9 was by WuXi Biologics at 11.5 million shares, followed by Ying Group and China Aluminum Can with 8 million shares and 5 million shares, respectively [1][2]. Group 3: Additional Buyback Information - China Feihe conducted its first buyback of the year, while Tencent Holdings has conducted multiple buybacks totaling 39.543 billion HKD for the year [2]. - A detailed table of buybacks on July 9 includes various companies, their stock codes, number of shares repurchased, buyback amounts, highest and lowest prices, and cumulative buyback amounts for the year [2][3].

Core Viewpoint - The article discusses the challenges faced by the civil aviation system in China during the summer travel season, particularly due to frequent thunderstorms causing flight delays. China Eastern Airlines has introduced three service systems to address these issues, shifting from passive responses to proactive care for passengers [1]. Group 1: Flight Delay Management - China Eastern Airlines has launched a long delay intelligent response system to provide one-stop service solutions for passengers when flight delays exceed a certain threshold [1]. - The airline offers a comprehensive solution that includes suggestions for rebooking, hotel accommodations, and transportation options to assist passengers in managing their travel plans [1]. Group 2: Self-Service Options - Passengers who have completed online check-in and have no checked luggage can utilize the "self-service rebooking" feature at major airports, allowing them to change their flights without waiting in line [2]. - Real-time information on connecting flights can be accessed via in-flight Wi-Fi, enabling passengers to view rebooking options and transfer desk locations by scanning a QR code [2]. Group 3: Dining Solutions During Delays - To address dining concerns during flight delays, China Eastern Airlines has introduced an electronic meal voucher service, allowing passengers to redeem vouchers for meals at various partner restaurants within the airport [3]. - This service is currently available at several airports, including Wuhan, Qingdao, Nanchang, and Jinan [3].

呈交日期： 2025年7月9日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00670 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2 ...

Core Viewpoint - The article highlights the effective emergency response and operational efficiency of China Eastern Airlines' Chongqing base during a sudden severe thunderstorm that led to the diversion of 48 flights to Chongqing Jiangbei Airport, showcasing the company's commitment to passenger safety and service quality [1][4]. Group 1: Emergency Response - The Chongqing base activated its "mass flight diversion response plan" immediately upon the arrival of diverted flights, forming an "emergency task force" with multiple departments to ensure efficient operations [2]. - The operational command center coordinated with various units, addressing challenges such as the scarcity of ground support vehicles by implementing a "cross-gate shuttle" system to facilitate passenger movement [2][3]. Group 2: Passenger Service - The ground service department initiated a "rapid baggage handling program" to ensure that flight delays did not affect baggage transfer, while staff were deployed to communicate with passengers and alleviate their concerns [3]. - The company employed a strategy of "regional guidance and batch explanations" to manage passenger anxiety effectively during the crisis [3]. Group 3: Operational Success - After five hours of continuous effort, all diverted flights were safely returned to Chengdu, achieving the dual goals of safe flight operations and proper accommodation for canceled flights without generating negative public sentiment [4]. - The incident served as a comprehensive test of the team's emergency response and collaborative capabilities, reinforcing the company's commitment to customer-centric service during peak travel seasons [4].

Group 1 - The Nanjing-London direct flight route is a significant development for Jiangsu Province, marking the first direct passenger route to a core European hub in recent years [1][3] - The new air route is expected to enhance cooperation opportunities in finance, tourism, education, and culture between Jiangsu and France, reflecting a strong connection between the two regions [3] - The route will be operated by China Eastern Airlines using a Boeing 777 aircraft, with a maximum capacity of 316 passengers, and is scheduled to run weekly on Wednesdays [3][4] Group 2 - France is Jiangsu's third-largest trading partner and source of foreign investment within the EU, with nine sister city partnerships established [3] - Nanjing Airport has accelerated its internationalization efforts, with 56 airlines operating and a network covering 97 domestic and 24 international destinations [3] - China Eastern Airlines has a global network covering 166 countries and regions, serving 150 million passengers annually, and plans to open additional international routes from Nanjing [4]

翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 FF305 公司名稱： 中國東方航空股份有限公司 呈交日期： 2025年7月8日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00670 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事 ...

Investment Rating - The investment rating for the aviation industry is "Positive" [2] Core Viewpoints - The aviation industry's profitability framework is influenced by capacity supply, travel demand, load factor, ticket price performance, fuel prices, and exchange rate fluctuations, which ultimately affect company profit performance [16][2] - Domestic travel demand is steadily increasing, while international routes have largely recovered to 2019 levels [3][31] - Supply chain disruptions are delaying aircraft deliveries, leading to a contraction in capacity supply [4][6] Summary by Sections Demand - Domestic air passenger traffic increased by 4.2% year-on-year from January to May 2025, with high load factors sustained [3] - International passenger traffic has nearly returned to 2019 levels, with recovery rates of 106.3% for passenger volume and 101.0% for turnover by May 2025 [31][33] - Policies aimed at boosting consumption are expected to enhance public leisure travel demand, thereby increasing aviation travel demand [3][37] Supply - The growth rate of capacity introduction is slowing, and aircraft leasing prices are rising due to ongoing supply chain issues [4] - The average fleet utilization rate is expected to have limited improvement during peak seasons, with a significant gap remaining compared to 2019 levels [5] - The number of grounded aircraft for maintenance has increased, exacerbating capacity constraints [6] Supply and Demand Balance - The industry is experiencing a tight supply-demand balance, with load factors returning to high levels, and ticket prices are expected to rise during peak seasons [6] - In 2023, ticket prices reached historical highs, but are projected to decline in 2024 before rebounding in 2025 [7] - Airlines are likely to benefit from rising ticket prices and declining fuel costs, leading to high earnings elasticity [8] Revenue and Cost Sensitivity - Airlines can maximize revenue through high load factors and unit revenue per route, with domestic capacity growth slowing and international capacity gradually recovering [8] - Fuel cost pressures are expected to ease, with average fuel prices declining year-on-year [8] - Sensitivity analysis indicates that a 1% increase in ticket prices could significantly boost profits for major airlines [8] Investment Recommendations - The report recommends a positive outlook for the aviation industry, emphasizing the potential for improved supply-demand dynamics and ticket price recovery during peak seasons [8]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：00670） 修訂現有飛機及發 動機租賃協議；及 持續關連交易及 主要交易 茲提述本公司日期為2022年9月26日、2022年10月12日及2022年12月14日的公告及本公司 日期為2022年10月25日的通函，內容有關（其中包括）現有持續關連交易。 於2025年7月4日，本公司(i)與東航租賃訂立補充協議，並建議就截至2025年12月31日止 年度銷售飛機及發動機設定相關年度上限；(ii)重續以下協議，並擬設定截至2028年12月 31日止三個年度之相關年度上限：(1)金融服務協議；(2)飛機及發動機租賃及相關服務協 議；(3)航食和機供品保障協議；(4)航空配套服務協議；(5)物業租賃及代建代管協議；(6) 貨運物流服務協議；(7)航空機載通信協議；(iii)與東航保理訂立商業保理服務協議，並擬 設定截至2028年12月31日止三個年度之相關 ...