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，並明確表示概不會就本公告全部或 任何部分內容而産生或因依賴該等內容而引致的任何損失承擔任何責任。 董事會欣 然宣佈，於 2026 年 3 月 26 日（交易時 段後），訂約 各方簽 訂《股 權轉 讓 框架 協 議》 及 《股 權 和 飛機 轉 讓 框架 協 議》， 據此 ， 轉讓 方 同意 出 售，而受讓 方同意 通過轉 讓擁有 該等飛 機直接權 益的 特 殊目的 實體之 全部 股權的方 式購買 該等飛 機 。該 等交易 預 期於 2026 年 6 月 30 日 或之前 完 成。 《股權轉讓框架協議》及《股權和飛機轉讓框架協議》 董事會欣 然宣佈 ，於 2026 年 3 月 26 日（交易時 段後）， 訂約各 方簽訂 《股 權轉讓框 架協議 》及《 股權和 飛機轉讓 框架協議》，據此，轉讓 方同意 出售， 而 受 讓 方 同 意 通 過 轉 讓 擁 有 該 等 飛 機 直 接 權 益 的 特 殊 目 的 實 體 之 全 部 股 權 的方 ...

Market Performance - A-shares halted their decline, with the Shanghai Composite Index rising by 1.78% to 3881.28 points, and the Shenzhen Component Index increasing by 1.43%[1] - The Hang Seng Index opened higher, gaining 2.79% to close at 25063.71 points, while the Hang Seng Technology Index surged by 2.51%[1] - The total market turnover in Hong Kong reached 3030.734 million HKD[1] Geopolitical Developments - President Trump hinted at a potential diplomatic breakthrough with Iran, suggesting that Iran has made a significant gesture related to the Strait of Hormuz, with negotiations ongoing[12] - The U.S. is reportedly seeking a one-month ceasefire to facilitate diplomatic discussions with Iran, proposing a 15-point plan to end the conflict[12] Economic Indicators - The S&P Global PMI indicated that U.S. business activity growth slowed to its lowest level in nearly a year, with input prices rising following the outbreak of the Iran conflict[12] - The composite output index fell to 51.4, with a reading above 50 indicating expansion, while input prices rose to their highest level since May[12] Investment Trends - China's sovereign wealth fund, CIC, is reportedly re-engaging with U.S. asset management firms, including Blackstone and TPG, after previously reducing exposure to the U.S.[12]

非執行董事 CHINA AIRCRAFT LEASING GROUP HOLDINGS LIMITED 中國飛機租賃集團控股有限公司 （根據開曼群島法例註冊成立的有限公司） （股份代號：1848） 董事名單與其角色及職能 中 國 飛 機 租 賃 集 團 控 股 有 限 公 司 董 事 會（「董事會」）成 員 載 列 如 下： 根 據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》，董 事 會 設 立 三 個 董 事 會 轄 下 委 員會。下表提供董事會成員在該等委員會中所擔任之角色： | | 董事會轄下委員會 | | | | | --- | --- | --- | --- | --- | | 董 事 | | 審核委員會 | 薪酬委員會 | 提名委員會 | | 安雪松先生 | | | | | | 潘劍云先生 | | | M | | | 潘浩文先生 | | | M | | | 李國輝先生 | | | | | | 卓盛泉先生 | | M | M | C | | 范駿華先生， | 太平紳士 | C | M | M | | 洪雯博士 | | M | C | M | | 陳正先生 | | M | M ...

CHINA AIRCRAFT LEASING GROUP HOLDINGS LIMITED 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 會 就 本 公 告 全 部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 獨立非執行董事之退任 中 國 飛 機 租 賃 集 團 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）董 事 （「董 事」，各 為 一 名「董 事」）會（「董事會」）謹 此 宣 佈，獨 立 非 執 行 董 事 卓 盛 泉 先 生 （「卓先生」）將於2026年5月29日舉行之本公司股東週年大會（「2026年股東週年大會」） 上 輪 席 告 退，惟 卓 先 生 於2015年5月 首 次 獲 委 任，並 已 擔 任 獨 立 非 執 行 董 事 超 過 九年，故將不會膺選連任以遵守本公司之企業管治常規。於2026年股東週年大會 結 束 後，卓 先 生 將 退 任 獨 立 非 執 行 董 事，並 因 此 不 再 擔 任 本 公 司 提 ...

| | 卓佳證券登記有限公司 | | --- | --- | | 股份過戶登記處及其地址 | 香港夏慤道16號 | | | 遠東金融中心17樓 | | 香港 | | | 代扣所得稅信息 | | | 股息所涉及的代扣所得稅 | 不適用 | | 發行人所發行上市權證/可轉換債券的相關信息 | | | 發行人所發行上市權證/可轉換債券 | 不適用 | | 其他信息 | | | 其他信息 | 不適用 | | 發行人董事 | | | 於本公告日期，(i)非執行董事為安雪松先生（主席）及潘劍云先生；(ii)執行董事為潘浩文先生（首席執行官）及李國輝先生（首席 | | | 財務官兼首席策略官）；及(iii) 獨立非執行董事為卓盛泉先生、范駿華先生，太平紳士、洪雯博士及陳正先生。 | | 第 2 頁 共 2 頁 v 1.1.1 EF003 免責聲明 | 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 | 公告全部或任何部份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。 | | --- | --- | | | 股票發行人現金股息（可選擇 ...

Financial Performance - Total revenue for the year ended December 31, 2025, was HKD 5,015.1 million, a decrease of 3.6% from HKD 5,204.1 million in 2024[3] - Profit attributable to shareholders increased by 31.5% to HKD 338.5 million, compared to HKD 257.5 million in 2024[3] - Earnings per share rose by 31.2% to HKD 0.454, up from HKD 0.346 in 2024[3] - Profit for the year was HKD 375.3 million, an increase of HKD 49.7 million or 15.3% from HKD 325.6 million in 2024[32] - EBITDA for 2025 was HKD 4,146.8 million, a decrease of HKD 891.6 million or 17.7% from HKD 5,038.4 million in 2024[32] - The total comprehensive income for the year ended December 31, 2025, was HKD 310,915, compared to HKD 142,236 for the year ended December 31, 2024, indicating a substantial increase of 118.5%[72] Dividends - The company proposed a final dividend of HKD 0.18 per share, maintaining the total annual dividend at HKD 0.30 per share[5] - The proposed final dividend is HKD 0.18 per share, totaling HKD 134.6 million, based on 747,974,981 shares issued as of March 24, 2026[119] - The company declared dividends amounting to HKD 223,794 for the year ended December 31, 2025, compared to HKD 201,011 in the previous year, reflecting a growth of 11.3%[72] Aircraft and Fleet Management - The company ordered 30 Airbus A320neo aircraft, bringing the total Airbus orders to 282, with 105 aircraft pending delivery[6] - The company’s subsidiary, Lion Air, introduced two additional C909 aircraft, increasing its fleet to five, and launched new international routes to China[9] - The group maintained a fleet of 176 aircraft as of December 31, 2025, with 90% of its owned fleet being narrow-body aircraft, ensuring high liquidity and market demand[20] - The group completed the delivery of 26 aircraft in the review year, including 24 new aircraft and 2 second-hand aircraft, primarily consisting of new generation fuel-efficient models[18] - The group signed agreements for the purchase of 27 aircraft and 5 engines, and sold 36 aircraft and 5 engines, setting a new record for aircraft transactions in the year[19] - The fleet size increased from 91 aircraft in 2024 to 96 aircraft in 2025 under property, plant, and equipment, while the financing lease receivables decreased from 49 aircraft to 43 aircraft[47][49] Financial Position - Total assets as of December 31, 2025, were HKD 58,052.0 million, a decrease of HKD 187.7 million or 0.3% from HKD 58,239.7 million in 2024[32] - Total liabilities as of December 31, 2025, were HKD 51,023.8 million, a decrease of HKD 1,887.7 million or 3.6% from HKD 52,911.5 million in 2024[33] - Interest-bearing debt as of December 31, 2025, was HKD 47,054.1 million, down from HKD 48,576.6 million in 2024, a reduction of HKD 1,522.5 million[33] - The total liabilities decreased from HKD 52,911.5 million in 2024 to HKD 51,023.8 million in 2025, a decline of 3.6%[61] - Total equity increased by 31.9% from HKD 5,328.2 million in 2024 to HKD 7,028.2 million in 2025[61] Financing and Capital Management - The group secured over HKD 19.5 billion in new and renewed financing, with approximately 70% being unsecured loans, reflecting strong credit recognition from financial institutions[24] - The group aims to enhance its international credit rating by optimizing its capital structure and reducing leverage, with a stable outlook maintained by rating agencies[11] - The group will continue to expand its diverse financing channels to improve credit status and enhance corporate competitiveness and long-term profitability[11] - The company is considering equity and debt financing opportunities to support its rapid expansion[60] - The company issued perpetual capital securities worth HKD 1,634,013 during the year ended December 31, 2025, contributing significantly to the total equity[71] Operational Highlights - The group achieved a 5.5% year-on-year increase in passenger transport volume, reaching 770 million passengers in 2025, with international passenger transport growing significantly by 21.6%[15] - The overall customer base includes 40 airlines across 20 countries and regions, with 80% of aircraft scheduled for delivery by June 2027 already contracted, indicating a continued increase in overseas customer proportion[23] - The group’s rental recovery rate exceeded 100% for the fourth consecutive year, benefiting from improved overall customer quality[22] - The company successfully added seven new trading partners, optimizing its asset trading and management capabilities[8] - The company received the "Golden Spring Award" for the best innovative financing project in the leasing industry for its cross-border RMB rental settlement project[10] Market Outlook - The global aviation industry is projected to maintain growth momentum, with passenger traffic expected to reach 5.2 billion in 2026, a 4.4% increase from 2025[27] - Industry revenue is anticipated to exceed USD 1 trillion, reaching USD 1.054 trillion in 2026, reflecting a year-on-year growth of 4.5%[27] Risk Management - The group faced a currency exchange risk with a net RMB financial liability of RMB 5 billion, where a 1% appreciation/depreciation of RMB against USD would impact pre-tax profit by HKD 56.0 million[43] - The company experienced a foreign currency translation loss of HKD 60,706 for the year ended December 31, 2025, compared to a loss of HKD 138,880 in the previous year, indicating a reduction in currency risk exposure[72] Governance and Compliance - The company has adopted the Corporate Governance Code as part of its operational and growth strategies, ensuring compliance with all applicable provisions by December 31, 2025[131] - The consolidated financial statements for the year ending December 31, 2025, have been approved by the auditors, Deloitte, confirming compliance with relevant standards[135] - The Audit Committee, consisting of independent non-executive directors, has reviewed the accounting principles and practices for the year ending December 31, 2025[134]

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，並明確表示概不會就本公告全部或 任何部分內容而産生或因依賴該等內容而引致的任何損失承擔任何責任。 CHINA AIRCRAFT LEASING GROUP HOLDINGS LIMITED 中國飛機租賃集團控股有限公司 （根據開曼群島法例註冊成立的有限公司） （股份代號：1848） 出 售 一 架 飛 機 董事會欣 然宣佈 ，於 2026 年 3 月 23 日 （交易時 段後 ）， 本公司 之一家 全 資附屬特 殊目的 實體（賣方 ）與 獨立第 三方（ 買方 ）就 出售一 架飛機訂 立 《購買協 議》。出 售事項 預期於 2026 年 7 月 31 日或之前完成 。 《 購買協 議》 董事會欣 然宣佈，於 2026 年 3 月 23 日（ 交易時段 後），賣方與 買方訂 立《 購 買協議》， 據此， 賣方同 意出售 ，而買 方 同意購買 該飛機 。 飛 機 交 易 是 本 集 團 的 常 規 業 務 之 一 。 出 售 事 項 有 助 ...

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 會 就 本 公 告 全 部 或 任 何 部 分 內 容 而 産 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 CHINA AIRCRAFT LEASING GROUP HOLDINGS LIMITED 中國飛機租賃集團控股有限公司 （根據開曼群島法例註冊成立的有限公司） （股份代號：1848） 董事會會議日期 中國 飛 機租 賃集 團 控股 有 限公 司 （「本 公 司 」）董 事會 （「董事會 」）謹 此 宣佈本公 司將於 2026年3月24日（星 期二 ）舉行 董事會 會議，以批 准（其 中包 括 ）本 公 司及 其 附 屬公 司 截至 2025年12月31日 止 年度 之 經 審核 全年 業績及考 慮建議 派 付末 期股息 （如有 ） 。 承董事會 命 中 國飛機 租賃 集團控 股有限 公司 執行董事 兼首席 執行官 潘 浩文 香港，2026 年 3 月 10 日 於 本 公 告 日 期 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國飛機租賃集團控股有限公司 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01848 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | ...

Investment Rating - The industry rating is "Outperform" [1] Core Insights - Aircraft manufacturers are slowly recovering their production capacity, but the backlog of aircraft orders remains at a historically high level. In January 2026, Boeing delivered 46 aircraft, while Airbus delivered 19. IBA predicts that Airbus will deliver slightly more than 900 aircraft in 2026, and Boeing is expected to deliver around 670 aircraft for the year. The demand for aircraft orders continues to be strong, with backlog levels remaining high [2][7][8]. - The secondary aircraft trading market has been strengthening since the pandemic's impact has diminished. Narrow-body aircraft, particularly the Airbus A320/A321 series and Boeing 737NG series, dominate the market. Demand comes from existing operators, as well as from dismantling traders and spare parts suppliers. The market value and rental levels for wide-body aircraft are also on the rise, driven by high engine overhaul costs and a shortage of maintenance slots. Despite limited availability of aircraft and engines for sale, the overall aircraft trading market is expected to remain strong [2][41]. - Overall, while aircraft manufacturers' production capacity has improved, it still struggles to meet the ongoing demand for aircraft. The aircraft leasing industry is expected to benefit from the tight supply-demand dynamics. The Asia-Pacific aviation market has significant growth potential, providing broader development space for Chinese aircraft leasing companies. Compared to global leasing leader AerCap, Chinese leasing companies are currently undervalued and possess higher order elasticity, making them worthy of attention [2]. Summary by Sections 1. Aircraft Supply Continues to be Tight - Aircraft manufacturers are facing production constraints due to supply chain issues and labor shortages, leading to delivery delays. The backlog of orders remains high, with a total of 15,560 aircraft orders as of the end of January 2026 [2][8]. 2. Civil Aviation Passenger Demand Update - Global aviation passenger traffic growth has slowed, with a year-on-year increase of 5.6% in December 2025, slightly down from 5.8% in November. The load factor was 83.7%, a slight decrease from 83.9% in December of the previous year [13][17]. - International routes are showing steady growth, with international passenger RPK increasing by 7.7% year-on-year in December 2025. The Asia-Pacific region's international passenger traffic remains strong, with a year-on-year growth of 7.5% [20]. 3. Aircraft Leasing Company Dynamics - As of June 30, 2025, Bohai Leasing has the highest number of owned aircraft (628), while China Aircraft Leasing has the least (151). In terms of aircraft orders, Bohai Leasing also leads with 442 orders [39][45]. - The average remaining lease term for China Aircraft Leasing is relatively long at 7.9 years, ensuring long-term stability for the company's leases [48].