Core Viewpoint - China National Airlines announced the resignation of Chairman Ma Chongxian due to work adjustments, effective immediately, and expressed gratitude for his contributions during his tenure [1] Group 1: Leadership Changes - Ma Chongxian has resigned from his positions as Executive Director and Chairman of the company, as well as from various committee roles [1] - The company held its eighth meeting of the seventh board of directors on the same day, where Liu Tiexiang was elected as the new Chairman [1] - Liu Tiexiang will also take on roles as the head of the Strategic and Investment Committee, Nomination Committee, and will serve as a member of the Aviation Safety Committee [1]

Core Viewpoint - China National Airlines announced the resignation of Chairman Ma Chongxian due to work adjustments, effective immediately [1] Group 1: Leadership Changes - Ma Chongxian has resigned from his positions as Executive Director and Chairman of the company, as well as from various committee roles [1] - Liu Tiexiang has been elected as the new Chairman of the company and will also take on roles as the head of the Strategic and Investment Committee, Nomination Committee, and a member of the Aviation Safety Committee [1]

每经AI快讯，中国国航（SH 601111，收盘价：7.86元）10月10日晚间发布公告称，中国国际航空股份 有限公司收到董事长马崇贤先生辞呈，因工作调整，马崇贤先生不再担任公司执行董事和董事长职务， 同时亦不再担任董事会战略和投资委员会主任、提名委员会主任、航空安全委员会委员职务。该辞任即 日起生效。同日，公司召开第七届董事会第八次会议，审议并通过《关于选举刘铁祥先生为董事长的议 案》，选举刘铁祥先生为公司董事长，同时担任董事会战略和投资委员会主任、提名委员会主任、航空 安全委员会委员职务。 2025年1至6月份，中国国航的营业收入构成为：航空客运占比90.64%，其他占比4.93%，航空货运及邮 运占比4.43%。 （记者 王晓波） 截至发稿，中国国航市值为1371亿元。 每经头条（nbdtoutiao）——天水麻辣烫、淄博烧烤、荣昌卤鹅⋯⋯"泼天流量"退去后，这些城市怎么 样了？ ...

证券代码：601111 股票简称：中国国航 公告编号：2025-045 中国国际航空股份有限公司 关于董事长变更的公告 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。 中国国际航空股份有限公司（以下简称"公司"）收到董事长马崇贤先生辞 呈，因工作调整，马崇贤先生不再担任公司执行董事和董事长职务，同时亦不再 担任董事会战略和投资委员会主任、提名委员会主任、航空安全委员会委员职务。 该辞任即日起生效。 马崇贤先生确认与公司董事会和公司无意见分歧，亦不存在需要公司股东知 悉的有关其辞任的其他事宜。公司董事会对马崇贤先生在任职期间为公司做出的 卓越贡献表示衷心的感谢。 同日，公司召开第七届董事会第八次会议，审议并通过《关于选举刘铁祥先 生为董事长的议案》，选举刘铁祥先生为公司董事长，同时担任董事会战略和投 资委员会主任、提名委员会主任、航空安全委员会委员职务。 特此公告。 中国国际航空股份有限公司董事会 中国北京，二〇二五年十月十日 1 ...

北京德恒律师事务所 关于中国国际航空股份有限公司 2025 年第二次临时股东会的 法律意见 北京德恒律师事务所 DeHeng Law Offices 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 北京德恒律师事务所 关于中国国际航空股份有限公司 2025 年第二次临时股东会的法律意见 北京德恒律师事务所 关于中国国际航空股份有限公司 2025年第二次临时股东会的 法律意见 德恒 01G20230131-6 号 致:中国国际航空股份有限公司 北京德恒律师事务所(以下简称"本所")受中国国际航空股份有限公司(以 下简称"公司")委托,指派本所律师出席公司于 2025年 10月 10日召开的 2025 年第二次临时股东会(以下简称"本次会议"),对本次会议的合法性进行见证 并出具法律意见。 本法律意见根据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司股东会规则》(以下统称"有关法律")及《中国国际航空股份有限公司 章程》(以下简称"《公司章程》")等有关法律、法规和规范性文件而出具。 北京德恒律师事务所 关于 ...

中国国际航空股份有限公司 2025年第二次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 证券代码：601111 证券简称：中国国航 公告编号：2025-043 （四） 表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况 等。 公司 2025 年第二次临时股东会由公司董事会召集，本次会议由副董事长王 明远先生主持，会议的召集、召开及表决符合《公司法》等法律、法规、规范性 文件和《公司章程》的有关规定。 （五） 公司董事和董事会秘书的出席情况 1、公司在任董事8人，出席8人。 | 1、出席会议的股东和代理人人数 | 412 | | --- | --- | | 股股东人数 其中：A | 409 | | 境外上市外资股股东人数（H 股） | 3 | | 2、出席会议的股东所持有表决权的股份总数（股） | 12,311,156,518 | | 股股东持有股份总数 其中：A | 8,884,588,931 | | 股） 境外上市外资股股 ...

表决情况：赞成 9 票、反对 0 票、弃权 0 票，表决结果：通过。 证券代码：601111 股票简称：中国国航 公告编号：2025-044 中国国际航空股份有限公司 第七届董事会第八次会议决议公告 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。 一、董事会会议召开情况 中国国际航空股份有限公司（以下简称"公司"）第七届董事会第八次会议（以 下简称"本次会议"）的通知和材料于近日以电子通讯等方式发出。本次会议于 2025 年 10 月 10 日以书面议案方式召开。本次会议的召集和召开符合《公司法》 等相关法律、行政法规、规章、规范性文件及公司章程的规定，合法、有效。 二、董事会会议审议情况 本次会议审议并通过了如下议案： （一）关于选举刘铁祥先生为董事长的议案 2 选举刘铁祥先生为公司董事长，同时担任董事会战略和投资委员会主任、提 名委员会主任、航空安全委员会委员。 （二）关于变更公司在香港联交所授权代表的议案 表决情况：赞成 9 票、反对 0 票、弃权 0 票，表决结果：通过。 批准公司在香港联合交易所有限公司授权代表由马崇 ...

Core Points - China National Airlines announced the resignation of Ma Chongxian from the positions of executive director and chairman of the board, effective immediately [1] - Liu Tiexiang has been elected as the new chairman of the company and will also serve as the director of the board's strategy and investment committee, nomination committee, and aviation safety committee [1] Company Changes - Ma Chongxian's resignation includes multiple roles within the company, indicating a significant leadership change [1] - The election of Liu Tiexiang marks a new leadership direction for the company, consolidating several key roles under his position [1]

Core Viewpoint - China National Airlines (601111.SH) announced the resignation of Chairman Ma Chongxian due to work adjustments, confirming no disagreements with the company [1] Group 1 - The company held a board meeting on the same day to elect Liu Tiexiang as the new chairman [1] - Liu Tiexiang will also serve as the chairman of the board's strategy and investment committee, the nomination committee, and a member of the aviation safety committee [1]

Core Insights - The report from Guosen Securities highlights a significant increase in cross-regional travel during the National Day and Mid-Autumn Festival holiday, with a total of 2.433 billion trips made, reflecting a year-on-year increase of 6.3% and a 30.8% increase compared to 2019 [1] Group 1: Travel Volume and Trends - The total cross-regional travel volume during the eight-day holiday reached 2.433 billion trips, with an average daily increase of 6.3% year-on-year and a 30.8% increase compared to 2019 [1] - The breakdown of travel modes shows that railway, road, civil aviation, and water transport accounted for 154 million, 2.248 billion, 19.14 million, and 11.66 million trips respectively, with year-on-year increases of 2.6%, 6.6%, 3.3%, and 4.1% [1] - Self-driving trips remained the dominant mode of travel, with an average of 243 million trips per day, reflecting a year-on-year increase of 7.2% and accounting for approximately 80% of total travel volume [1] Group 2: Aviation Performance - Despite a high base from the previous year, civil aviation passenger flow still saw a year-on-year increase of 3.3% during the holiday, with an average daily passenger flow of 1.69 million flights, marking a 3.2% increase compared to the previous year and a 15.4% increase compared to 2019 [2] - The average ticket price for domestic economy class during the holiday was 849 yuan, showing a slight year-on-year increase of 0.3% and a minor decrease of 1.4% compared to 2019 [3] Group 3: Travel Behavior and Preferences - There was a notable increase in long-distance travel orders, with domestic long-distance travel orders rising by 3 percentage points year-on-year [4] - International travel saw a significant uptick, with outbound ticket bookings for popular destinations increasing by over 30% year-on-year, particularly in regions like Japan, South Korea, and Southeast Asia [4] Group 4: Tourism Revenue and Consumer Spending - Domestic tourism during the holiday reached 888 million trips, with total spending amounting to 809 billion yuan, reflecting a year-on-year increase of 1.0% [5] - The average tourism expenditure per person was 911.1 yuan, showing a slight decrease of 0.5% year-on-year but recovering to 97.4% of the level seen in 2019 [5] Group 5: Investment Outlook - The fourth quarter is expected to enter a travel off-season, but there may be a recovery in business travel demand compared to the previous year [6] - The report suggests that if travel demand continues to grow steadily, it could lead to a recovery in airline revenues, with potential for significant profit growth for airlines like Air China, China Eastern Airlines, and others [6]