Group 1 - China National Airlines (601111.SH) announced a share placement agreement to sell approximately 1.61% of its stake in Cathay Pacific, equating to 108,080,000 shares, at a price of HKD 12.22 per share, totaling approximately HKD 1.321 billion [1] - The transaction is expected to be completed within three trading days following the signing of the placement agreement or within another agreed timeframe [1] - Cathay Pacific, founded in 1946 and listed in 1986, has a total issued share capital of 6,722,856,511 shares and operates as an international airline based in Hong Kong [1] Group 2 - As of December 31, 2024, Cathay Pacific's audited total assets amounted to HKD 171.244 billion, with total liabilities of HKD 118.737 billion and net assets of HKD 52.507 billion; operating revenue was HKD 104.371 billion, and net profit attributable to ordinary shareholders was HKD 9.607 billion [2] - As of June 30, 2025, Cathay Pacific's unaudited total assets were HKD 170.302 billion, total liabilities were HKD 118.641 billion, net assets were HKD 51.661 billion, operating revenue was HKD 54.309 billion, and net profit attributable to ordinary shareholders was HKD 3.651 billion [2] - Following the transaction, the company will maintain a reasonable level of shareholding in Cathay Pacific and continues to view Cathay Pacific's development prospects positively, reaffirming its support [2]

Group 1 - China National Airlines (601111.SH) announced a share placement agreement to sell approximately 1.61% of its stake in Cathay Pacific, equating to 108,080,000 shares, at a price of HKD 12.22 per share, totaling approximately HKD 1.321 billion [1] - The transaction is expected to be completed within three trading days following the signing of the placement agreement or within another agreed timeframe [1] - Cathay Pacific, founded in 1946 and listed in 1986, has a total issued share capital of 6,722,856,511 shares and operates as an international airline based in Hong Kong [1] Group 2 - As of December 31, 2024, Cathay Pacific's audited total assets amounted to HKD 171.244 billion, with total liabilities of HKD 118.737 billion and net assets of HKD 52.507 billion; the operating revenue was HKD 104.371 billion, and the net profit attributable to ordinary shareholders was HKD 9.607 billion [2] - As of June 30, 2025, Cathay Pacific's unaudited total assets were HKD 170.302 billion, total liabilities were HKD 118.641 billion, net assets were HKD 51.661 billion, operating revenue was HKD 54.309 billion, and net profit attributable to ordinary shareholders was HKD 3.651 billion [2] - Following the transaction, the company will maintain a reasonable level of shareholding in Cathay Pacific and continues to view Cathay Pacific's development prospects positively [2]

Core Viewpoint - China National Airlines announced that its wholly-owned subsidiary, Easerich Investments Inc., plans to sell approximately 1.61% stake in Cathay Pacific Airways through a block trade on the Hong Kong stock market, with a total transaction value of HKD 1.321 billion [1] Group 1 - Easerich Investments Inc. intends to sell 108,080,000 shares of Cathay Pacific Airways at a price of HKD 12.22 per share [1] - The transaction is not classified as a related party transaction or a major asset restructuring [1] - The completion of the transaction is expected within three trading days after the signing of the placement agreement or another agreed timeframe [1] Group 2 - Cathay Pacific Airways was founded in 1946 and listed on the Hong Kong Stock Exchange in 1986, with a total issued share capital of 6,722,856,511 shares [1] - The airline operates as an international carrier based in Hong Kong, primarily engaged in passenger and cargo transportation, mail services, and related aviation businesses [1]