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 证券代码：601111 股票简称：中国国航 公告编号：2026-005 中国国际航空股份有限公司 第七届董事会第十二次会议决议公告 中国国际航空股份有限公司董事会 中国北京，二〇二六年一月二十七日 2 中国国际航空股份有限公司（以下简称"公司"）第七届董事会第十二次会 议（以下简称"本次会议"）的通知和材料于 2026 年 1 月 16 日以电子邮件的方 式发出。本次会议于 2026 年 1 月 27 日 11:30 在北京市顺义区天柱路 30 号国航总 部大楼 C713 会议室以现场结合视频方式召开。本次会议应出席董事 9 人，实际 出席董事 9 人，副董事长王明远先生因公务委托董事长刘铁祥先生出席并表决， 董事肖鹏先生因公务委托董事崔晓峰先生出席并表决，独立董事谭允芝女士因公 务委托独立董事徐念沙先生出席并表决。本次会议由董事长刘铁祥先生主持，公 司高级管理人员列席本次会议。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、规范性文件以及 ...

Core Viewpoint - China International Airlines has experienced a continuous decline in stock price, with a total drop of 5.82% over the last five days, raising concerns among investors [1] Group 1: Company Overview - China International Airlines is located in Beijing and was established on March 27, 2006, with its stock listed on August 18, 2006 [1] - The company's main business includes air passenger transport (90.64% of revenue), other services (4.93%), and air cargo and postal services (4.43%) [1] Group 2: Fund Holdings - The Fuguo Fund has a significant holding in China International Airlines, with the Fuguo CSI Tourism Theme ETF (159766) increasing its stake by 286,800 shares in the fourth quarter, totaling 31,325,800 shares, which represents 5.16% of the fund's net value [2] - The Fuguo CSI Tourism Theme ETF has reported a floating loss of approximately 3.13 million yuan today and a total floating loss of 16.6 million yuan during the five-day decline [2] - The fund was established on July 15, 2021, with a current size of 5.694 billion yuan, and has shown a year-to-date return of 0.2% [2]

Geopolitical Tensions and Economic Responses - France is organizing a G-7 Finance call to coordinate international aid for Ukraine's energy infrastructure, following severe damage to Ukraine's power grid from Russian attacks, leaving millions without electricity and heating [3] - The European Union is deploying 447 emergency generators to Ukraine, valued at 3.7 million euros, to support critical services [3] - UNESCO has expressed concern over damage to the Kyiv-Pechersk Lavra and threats to the Saint Sophia Cathedral, both World Heritage sites, due to ongoing conflicts [4] Currency and Commodity Markets - The South African Rand (ZAR) has appreciated past 16/$ for the first time since June 2022, trading at 16.0475 against the dollar, up approximately 0.4% from the previous close, driven by record-high gold prices above $5,000 an ounce and an improved economic outlook [6] - OPEC+ is likely to maintain its supply pause in March amid signs of a surplus in global oil markets, with oil futures declining 15% this year to around $63 a barrel [7] International Trade and Digital Regulation - Canadian Prime Minister Mark Carney stated Canada has no intention of pursuing a free trade deal with China, responding to U.S. tariff threats of 100% on Canadian goods [8] - The EU Commission is initiating proceedings against xAI's Grok chatbot under the Digital Services Act due to concerns over inappropriate content generation [10]

Investment Rating - The report maintains a positive outlook on the shipping industry, recommending companies such as China Merchants Energy and COSCO Shipping Energy [3]. Core Insights - The report highlights a significant increase in charter rates for VLCCs, which rose by 4.62% to $62,250 per day, and Cape rates increased by 5.37% to $26,475 per day, indicating a strong correlation between commodity prices and shipping rates [3]. - New ship prices are rising alongside second-hand ship prices, with the new ship composite index increasing by 0.07 to 184.76 points, suggesting a favorable market for shipbuilders [3]. - The report emphasizes the resilience of the shipping market, particularly in oil and bulk shipping, with expectations of continued demand driven by geopolitical factors and commodity price fluctuations [3]. Summary by Sections Shipping Market Performance - The shipping index increased by 1.76%, outperforming the CSI 300 index by 2.38 percentage points [4]. - The coastal dry bulk freight index in China rose by 0.84%, while the Shanghai export container freight index fell by 7.39% [4]. Oil Shipping - VLCC rates are currently around $100,000 per day, with a recent decline of 11% in average rates to $105,090 per day, indicating potential volatility in the market [3]. - The report notes that while VLCC rates may adjust, smaller oil tanker rates remain supported due to high demand [3]. Dry Bulk Shipping - The report indicates a rebound in dry bulk rates, particularly driven by increased grain exports from South America, with the BDI index recording a 12.4% increase [3]. - Capesize rates increased by 16.1%, reflecting strong demand in the Pacific market [3]. Container Shipping - The report observes a seasonal decline in container shipping rates as the peak season ends, with the SCFI index dropping by 7.4% [3]. - The resumption of services in the Red Sea has been noted, but the market remains cautious due to geopolitical uncertainties [3]. Air Transportation - The report highlights a significant supply constraint in aircraft manufacturing, with an aging fleet and increasing passenger demand expected to enhance airline profitability [3]. - Airlines are recommended for investment due to their strong demand elasticity and potential for significant earnings growth [3]. Logistics and Express Delivery - The report anticipates a concentration of market share and profits among leading express delivery companies, with a focus on ZTO Express and YTO Express [3]. - The logistics sector shows resilience, with steady growth in freight volumes reported [3].

来源：中国国航 1月24日，中国国际航空发布《关于个别自媒体账号假冒我司飞行人员发布虚假视频开展营销的声明》—— 近日，我司关注到个别自媒体账号（腾讯视频号"猪猪侠小卖部""一束花开始4314"，抖音账号"米莱传媒"等）陆续发布"从万米高空到深山养蜂 女机长的 逆袭""前国航机长拒飞被解雇 真相被掩盖了整整8年"等视频内容，视频中当事人声称为国航前飞行员，因航空不安全事件被国航解聘后开始养蜂卖蜜。 经认真核实查证，视频中所述"林筱雨""方静云"等人员均非国航员工，视频中所提及的2016年11月3日CA1348航班、2017年10月15日CA1832航班的始发 地与目的地均与国航当日正常执行的CA1348航班、CA1832航班航线不符，上述日期国航执行的CA1348航班、CA1832航班也未出现视频中所提及的单发 迫降、发动机损伤等不正常情况。 网络并非法外之地，相关自媒体账号恶意假冒国航飞行人员、凭空编造航空不安全事件，意图煽动公众对民航安全不信任，并借机吸引流量营销其蜂蜜等 产品，这一行为已严重影响国航的声誉和合法权益，并对社会公众造成不良引导。 国航提醒广大公众不信谣、不传谣。国航目前已对相关不实信息进行 ...

每经AI快讯，1月24日，中国国航微信公众号发布《关于个别自媒体账号假冒国航飞行人员发布虚假视频 开展营销的声明》，全文如下： 近日，我司关注到个别自媒体账号（腾讯视频号"猪猪侠小卖部""一束花开始4314"，抖音账号"米莱传 媒"等）陆续发布"从万米高空到深山养蜂女机长的逆袭""前国航机长拒飞被解雇真相被掩盖了整整8 年"等视频内容，视频中当事人声称为国航前飞行员，因航空不安全事件被国航解聘后开始养蜂卖蜜。 经认真核实查证，视频中所述"林筱雨""方静云"等人员均非国航员工，视频中所提及的2016年11月3日 CA1348航班、2017年10月15日CA1832航班的始发地与目的地均与国航当日正常执行的CA1348航班、 CA1832航班航线不符，上述日期国航执行的CA1348航班、CA1832航班也未出现视频中所提及的单发迫 降、发动机损伤等不正常情况。 网络并非法外之地，相关自媒体账号恶意假冒国航飞行人员、凭空编造航空不安全事件，意图煽动公众 对民航安全不信任，并借机吸引流量营销其蜂蜜等产品，这一行为已严重影响国航的声誉和合法权益， 并对社会公众造成不良引导。国航提醒广大公众不信谣、不传谣。国航目前已对相 ...

人民财讯1月24日电，中国国航（601111）发布关于个别自媒体账号假冒国航飞行人员发布虚假视频开 展营销的声明：近日，国航关注到个别自媒体账号(腾讯视频号"猪猪侠小卖部""一束花开始4314"，抖 音账号"米莱传媒"等)陆续发布"从万米高空到深山养蜂女机长的逆袭""前国航机长拒飞被解雇真相被掩 盖了整整8年"等视频内容，视频中当事人声称为国航前飞行员，因航空不安全事件被国航解聘后开始养 蜂卖蜜。 国航目前已对相关不实信息进行取证收集，并将采取法律措施保障自身的合法权益，保留依法追究相关 人员法律责任的权利。 经认真核实查证，视频中所述"林筱雨""方静云"等人员均非国航员工，视频中所提及的2016年11月3日 CA1348航班、2017年10月15日CA1832航班的始发地与目的地均与国航当日正常执行的CA1348航班、 CA1832航班航线不符，上述日期国航执行的CA1348航班、CA1832航班也未出现视频中所提及的单发 迫降、发动机损伤等不正常情况。 ...

Core Viewpoint - The company has identified that certain social media accounts are spreading false information regarding former pilots of Air China, claiming they were dismissed due to safety incidents and have since turned to beekeeping. The company emphasizes that these claims are unfounded and have negatively impacted its reputation [1]. Group 1: False Claims and Verification - The videos in question feature individuals claiming to be former Air China pilots, but the company has verified that these individuals, such as "Lin Xiaoyu" and "Fang Jingyun," are not employees of Air China [1]. - The flights mentioned in the videos, CA1348 and CA1832, do not correspond with the actual routes and conditions of Air China's operations on the specified dates, as there were no abnormal incidents reported [1]. Group 2: Impact and Response - The dissemination of these false narratives is seen as an attempt to incite public distrust in civil aviation safety while promoting honey products, which has severely affected Air China's reputation and legal rights [1]. - Air China has begun collecting evidence against the false information and plans to take legal action to protect its rights, reserving the right to pursue legal responsibility against the individuals involved [1].

经认真核实查证，视频中所述"林筱雨""方静云"等人员均非国航员工，视频中所提及的2016年11月3日 CA1348航班、2017年10月15日CA1832航班的始发地与目的地均与国航当日正常执行的CA1348航班、 CA1832航班航线不符，上述日期国航执行的CA1348航班、CA1832航班也未出现视频中所提及的单发 迫降、发动机损伤等不正常情况。 网络并非法外之地，相关自媒体账号恶意假冒国航飞行人员、凭空编造航空不安全事件，意图煽动公众 对民航安全不信任，并借机吸引流量营销其蜂蜜等产品，这一行为已严重影响国航的声誉和合法权益， 并对社会公众造成不良引导。国航提醒广大公众不信谣、不传谣。国航目前已对相关不实信息进行取证 收集，并将采取法律措施保障自身的合法权益，保留依法追究相关人员法律责任的权利。 1月24日，中国国航发布关于个别自媒体账号假冒我司飞行人员发布虚假视频开展营销的声明： 近日，我司关注到个别自媒体账号（腾讯视频号"猪猪侠小卖部""一束花开始4314"，抖音账号"米莱传 媒"等）陆续发布"从万米高空到深山养蜂 女机长的逆袭""前国航机长拒飞被解雇 真相被掩盖了整整8 年"等视频内容，视频中当事人 ...

网络并非法外之地，相关自媒体账号恶意假冒国航飞行人员、凭空编造航空不安全事件，意图煽动公众 对民航安全不信任，并借机吸引流量营销其蜂蜜等产品，这一行为已严重影响国航的声誉和合法权益， 并对社会公众造成不良引导。国航提醒广大公众不信谣、不传谣。国航目前已对相关不实信息进行取证 收集，并将采取法律措施保障自身的合法权益，保留依法追究相关人员法律责任的权利。 来源：中国国航 近日，我司关注到个别自媒体账号（腾讯视频号"猪猪侠小卖部""一束花开始4314"，抖音账号"米莱传 媒"等）陆续发布"从万米高空到深山养蜂 女机长的逆袭""前国航机长拒飞被解雇 真相被掩盖了整整8 年"等视频内容，视频中当事人声称为国航前飞行员，因航空不安全事件被国航解聘后开始养蜂卖蜜。 经认真核实查证，视频中所述"林筱雨""方静云"等人员均非国航员工，视频中所提及的2016年11月3日 CA1348航班、2017年10月15日CA1832航班的始发地与目的地均与国航当日正常执行的CA1348航班、 CA1832航班航线不符，上述日期国航执行的CA1348航班、CA1832航班也未出现视频中所提及的单发 迫降、发动机损伤等不正常情况。 1月24 ...