Core Viewpoint - China Eastern Airlines is convening its third extraordinary general meeting of shareholders in 2025 on December 2, 2025, to discuss various matters related to the company [1]. Group 1: Meeting Details - The meeting will be held on December 2, 2025, at 14:00 in the Eastern Airlines Hotel, located at 99 Konggang San Road, Changning District, Shanghai [2]. - Voting will be conducted through a combination of on-site and online methods, utilizing the Shanghai Stock Exchange's shareholder meeting online voting system [2][5]. - The online voting period is set for December 2, 2025, with specific time slots for trading system voting and internet platform voting [2]. Group 2: Voting Procedures - Shareholders involved in margin trading, transfer financing, and other related accounts must follow the regulations outlined in the Shanghai Stock Exchange's self-regulatory guidelines [3]. - There will be no solicitation of shareholder voting rights for this meeting [4]. - Shareholders can vote through the Shanghai Stock Exchange's online voting system, either via the trading system or the internet platform, with identity verification required for first-time users [6][7]. Group 3: Attendance and Registration - Only shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, after the close of trading on the record date are eligible to attend the meeting [9]. - Shareholders must register for the meeting by providing identification and shareholder account information, with registration open from November 27 to December 1, 2025 [12][12]. - The company will provide a reminder service for small and medium-sized investors to ensure they can participate in the meeting [7].

（在中華人民共和國註冊成立的股份有限公司） （股份代號：00670） 姓名 H股持股量 身份證╱護照號碼 股東賬號 通訊地址 聯繫電話 簽署： 日期： 年 月 日 附註： 3. 請附上持股證明文件的複印本。 此回執可採用來函（郵政編號：201100）或傳真（傳真號碼：+86 21 62686116）方式送達公司。 1. 請用正楷書寫中英文全名（股東名冊的登記名字）。 2. 請附上載有 閣下名字及相片的身份證╱護照相關頁數的複印本。 2025 年第三次股東特別大會 回 執 致：中國東方航空股份有限公司（「公司」） 本人╱吾等擬親自╱委託代理人出席公司於2025年12月2日（星期二）下午2時正在中國上海市長寧區空港三路99號 東航大酒店舉行的2025年第三次股東特別大會。 4. 對「親自╱委託代理人」及「身份證╱護照號碼」須作出選擇的欄目，請劃去不適用者。 5. 此回執在填妥及簽署後須於2025年11月27日（星期四）至2025年12月1日（星期一）（以郵寄方式或傳真方式）送交中國上海 市閔行區虹翔三路36號東航之家北區A2棟5樓中國東方航空股份有限公司董事會辦公室的辦公地址，並註明董事會辦公室 收。 ...

日期： 年 月 日 （在中華人民共和國註冊成立的股份有限公司） （股份代號：00670） 附註： 2025 年第三次股東特別大會代表委任表格 本人╱吾等 （附註1） ， H股股東賬號（如適用）： ， 地址： （附註1） ， 持有中國東方航空股份有限公司（「本公司」）H股股票 股 （附註2） ， 作為本公司的股東現委任股東特別大會主席，或， 地址為 （附註3） 為本人╱吾等代表，代表本人╱吾等出席2025年12月2日（星期二）下午2時正在中華人民共和國（「中國」）上海市長 寧區空港三路99號東航大酒店舉行的2025年第三次股東特別大會及其任何續會（「股東特別大會」），並於股東特別大 會代表本人╱吾等，依據下列指示就本公司股東特別大會通告（「該通告」）所列決議案投票，如就任何事項無作出指 示，則由本人╱吾等的代表酌情決定會否及如何投票。 附註： 股東於行使下列決議案投票權前應小心閱讀該通告載列的有關決議案。本文所用詞彙與該通告所界定者具相同涵義。 | | 議案 | （附註4） 贊成 | （附註4） 反對 | 棄權 | （附註4） | | --- | --- | --- | --- | --- | --- | | ...

茲公告中國東方航空股份有限公司（「本公司」）2025年第三次股東特別大會（「股 東特別大會」）定於2025年12月2日（星期二）下午2時正，或其任何續會，在中華人民 共和國（「中國」）上海市長寧區空港三路99號東航大酒店舉行，藉以審議並酌情通過 （不論有否修訂）以下決議案。 1. 普通決議案：「審議和批准《關於選舉高飛為公司第十屆董事會董事的議 案》。上述議案的詳情載於本公司於2025年10月30日在香港聯交所網站刊 發的公告。」 2025 年第三次股東特別大會通告 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通告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任 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） 2025年第三次股東特別大會通告 承董事會命 中國東方航空股份有限公司 李干斌 聯席公司秘書 中華人民共和國，上海 2025年11月12日 於本通告日期，本公司董事包括王志清（董事長）、成國偉（董事）、孫錚（獨立非執行董事）、陸雄 文（獨立非執行董事）、羅群（獨立非執行董 ...

中国东方航空股份有限公司 China Eastern Airlines Co., Ltd. 证券代码：600115 证券简称：中国东航 公告编号：临2025-074 中国东方航空股份有限公司 关于召开2025年第三次临时股东会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 重要内容提示： 一、 召开会议的基本情况 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 2 日至2025 年 12 月 2 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 1 股东会召开日期：2025年12月2日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (一) 股东会类型和届次 2025年第三次临时股东会 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票 ...

Market Overview - The aviation and airport sector increased by 0.18% on November 12, with Juneyao Airlines leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Juneyao Airlines (603885) closed at 14.67, up 2.88% with a trading volume of 330,300 shares and a turnover of 483 million yuan [1] - Shanghai Airport (600009) closed at 33.96, up 1.28% with a trading volume of 304,800 shares and a turnover of 1.041 billion yuan [1] - China Southern Airlines (600029) closed at 7.24, down 0.69% with a trading volume of 369,200 shares and a turnover of 26.9 million yuan [1][2] Capital Flow - The aviation and airport sector experienced a net outflow of 90.94 million yuan from institutional investors, while retail investors saw a net inflow of 72.62 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2] Individual Stock Capital Flow - HNA Holding (600221) had a net inflow of 11.8 million yuan from institutional investors, but a net outflow of 80.67 million yuan from retail investors [3] - China Eastern Airlines (600115) saw a net inflow of 9.36 million yuan from institutional investors, while retail investors had a net outflow of 22.33 million yuan [3] - Shenzhen Airport (000089) experienced a significant net outflow of 14.59 million yuan from institutional investors, but a net inflow of 12.94 million yuan from retail investors [3]

Core Insights - The Civil Aviation Administration of Anhui has conducted a special inspection on ground handling safety management at Hefei Airport and Eastern Airlines Anhui Branch to enhance safety measures and mitigate risks in ground handling operations [1][3] Group 1: Inspection Overview - The inspection utilized a "four not two direct" approach, focusing on the implementation of monitoring and unloading systems, team conduct, personnel qualification management, information transmission processes, operational review mechanisms, risk prevention measures, and oversight of outsourced operations [1][3] - The overall safety status of both entities was found to be good, with established mechanisms for identifying handling hazards and a clear assignment of responsibility for handling operations [3] Group 2: Findings and Recommendations - Despite the positive findings, the inspection revealed insufficient risk assessment for handling operations during adverse weather conditions, indicating a need for improved preventive measures [3][4] - The Anhui Regulatory Bureau provided feedback and outlined three key requirements: enhancing personnel conduct through comprehensive safety education and specialized training, maintaining strict adherence to safety protocols, and advancing the information technology application in air cargo handling to ensure timely and accurate communication of operational directives [4] Group 3: Future Actions - The Anhui Regulatory Bureau plans to continue its supervisory role by combining routine inspections with special guidance to monitor risk prevention in ground handling operations, aiming to steadily improve safety management levels in civil aviation [4]

Core Insights - The civil aviation industry is a strategic sector related to national security and public welfare, with the flight crew being essential for ensuring aviation safety and service quality [1][2] - The focus is on enhancing ideological and political work to lead safety development and improve the main business, aiming to create a politically strong, technically skilled, and disciplined flight crew [1] Group 1: Ideological and Political Work - The leadership emphasizes the importance of ideological and political work as a core positioning to guide and promote high-quality safety and development in civil aviation [1][2] - There is a need to strengthen care and support for flight personnel, encouraging them to maintain safety standards and promote high-level safety and quality development in civil aviation [2] - The current situation of ideological and political work requires a heightened sense of responsibility and mission, with a focus on ideological struggles and monitoring the political thoughts of staff [2] Group 2: Integration of Work - The integration of ideological work with operational aspects, such as network security, is crucial for enhancing overall safety and stability in civil aviation [3] - The need for a systematic approach to ideological work, including education, political guidance, and psychological support, is emphasized to enhance its effectiveness and relevance [2] - The leadership is committed to maintaining comprehensive control over ideological work, ensuring adherence to the policies and directives from higher authorities [2]

Summary of Conference Call Notes Industry Overview - The conference call focuses on the **hotel**, **airline**, and **duty-free** industries, highlighting their performance and future outlook post-National Day in 2025 [1][3][11]. Key Points and Arguments Hotel Industry - **Strong Performance Post-National Day**: The hotel sector showed robust performance after the National Day, driven by a recovery in business travel rather than solely relying on consumer wealth effects [1][3]. - **Positive Growth Indicators**: Five-star hotel Average Daily Rate (ADR) has stabilized, with occupancy rates improving, leading to a positive growth in September for the first time [1][5]. - **Institutional Holdings**: The hotel sector's institutional holding ratio is at a 15-year low, which, combined with improving data and valuation advantages, has led to a rebound in hotel stocks [1][6]. - **Investment Opportunities**: Companies like Jin Jiang and Shou Tour have low PE ratios for 2026, indicating potential investment value [1][6][8]. - **Expansion and New Products**: Shou Tour is expanding its standard stores and launching new products to enhance acceptance among franchisees and consumers [8]. - **Growth of Budget and Mid-range Hotels**: Jin Jiang and Huazhu are showing signs of improvement, with Jin Jiang's RevPAR showing a positive trend in October [5][9]. Airline Industry - **Recovery in Passenger Volume**: Overall passenger volume increased by 5.2% year-on-year from January to September 2025, with international routes showing a significant recovery [4][15]. - **High Load Factors**: The airline sector maintains high load factors, with expectations for continued improvement in ticket prices [13][15]. - **Airline Recommendations**: China Eastern Airlines is highlighted as a strong investment opportunity due to its rapid recovery and performance exceeding pre-pandemic levels [4][19]. - **Cost Pressures Eased**: Low oil prices and favorable exchange rates have alleviated cost pressures for airlines, contributing to improved profitability [18][21]. - **Future Pricing Trends**: Ticket prices are expected to improve in the fourth quarter, although a potential decline may occur post-Spring Festival due to weaker business demand [16][21]. Duty-Free Industry - **Sales Growth**: The duty-free sector has shown consistent sales growth, with Hainan's offshore duty-free sales achieving positive growth for the first time in 18 months [11][12]. - **Policy Optimizations**: Recent policy changes in Hainan are expected to gradually release demand, positively impacting revenue and profit recovery for the end of the year and into 2026 [12]. Additional Important Insights - **Market Sentiment**: There is a growing market interest in the travel-related sectors, with data indicating sustained performance beyond holiday effects [3]. - **Investment Focus**: The hotel and duty-free sectors are identified as new consumption hotspots driven by fundamental improvements, with upcoming meetings in December and March expected to provide further insights into consumer demand [22]. - **Airport Performance**: Airports like Shanghai and Baiyun are benefiting from increased air traffic, with significant year-on-year growth in passenger numbers [20][21]. This summary encapsulates the key insights from the conference call, providing a comprehensive overview of the current state and future outlook of the hotel, airline, and duty-free industries.

Core Viewpoint - China Eastern Airlines Corporation Limited announced the cancellation of 114 million repurchased H-shares and 89.5539 million repurchased A-shares, effective November 11, 2025 [1] Summary by Category - **Share Repurchase** - The company will cancel a total of 114 million H-shares that have been repurchased [1] - Additionally, 89.5539 million A-shares will also be canceled [1] - **Effective Date** - The cancellation of the shares will take effect on November 11, 2025 [1]