UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
___________________
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
under
the Securities Exchange Act of 1934
For the
month of April 2009
Commission
File Number: 001-14550
China
Eastern Airlines Corporation Limited
———————————————————————————————————
(Translation
of Registrant’s name into English)
2550
Hongqiao Road
Hongqiao
Airport
Shanghai,
China 200335
———————————————————————————————————
(Address
of principal executive offices)
Indicate by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or Form
40-F: x Form
20-F o Form
40-F
Indicate by check mark if the registrant
is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(7): o
Indicate by check mark whether the
registrant by furnishing
the information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934: o Yes x No
If "Yes" is marked, indicate below the
file number assigned to the
registrant in connection with Rule 12g3-2(b): n/a
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
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China Eastern Airlines
Corporation Limited
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(Registrant)
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| Date |
April 16, 2009
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By
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/s/ Luo Zhuping
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Name:
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Luo
Zhuping
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Title:
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Company
Secretary
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Certain
statements contained in this announcement may be regarded as "forward-looking
statements" within the meaning of the U.S. Securities Exchange Act of 1934, as
amended. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors, which may cause the actual performance,
financial condition or results of operations of the Company to be materially
different from any future performance, financial condition or results of
operations implied by such forward-looking statements. Further
information regarding these risks, uncertainties and other factors is included
in the Company's filings with the U.S. Securities and Exchange
Commission. The forward-looking statements included in this
announcement represent the Company's views as of the date of this
announcement. While the Company anticipates that subsequent events
and developments may cause the Company's views to change, the Company
specifically disclaims any obligation to update these forward-looking
statements, unless required by applicable laws. These forward-looking
statements should not be relied upon as representing the Company's views as of
any date subsequent to the date of this announcement.
Hong
Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited
take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any
liability whatsoever for any loss howsoever arising from or in reliance upon the
whole or any part of the contents of this announcement.
(A joint stock limited company
incorporated in the People’s Republic of China with limited
liability)
(Stock code: 670)
OVERSEAS
REGULATORY ANNOUNCEMENT
APPLICATION
OF OTHER SPECIAL TREATMENT ON THE TRADING OF THE SHARES OF THE
COMPANY
|
This
announcement is made pursuant to 13.09(2) of the Rules Governing the
Listing of Securities on the Stock Exchange of Hong Kong
Limited.
|
As the
audited shareholders’ equity of China Eastern Airlines Corporation Limited (the
“Company”) is negative
in 2008, other special treatment will be applied to the trading of the shares of
the Company by Shanghai Stock Exchange. A risk warning relating thereto is
hereby given as follows:
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I.
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Type
of share, stock ID, stock code and commencement date of the application of
other special treatment
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Type
of share:
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A
share
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Stock
ID:
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CEA
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Stock
code:
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600115
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Commencement
date of the application of other special treatment: Trading of the shares of the
Company will be suspended for one day on 16 April 2009, and other special
treatment will become effective on 17 April 2009
Stock ID
upon the application of other special treatment: ST CEA
Daily
price movement shall be limited to 5% upon the application of other special
treatment
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II.
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Reasons
for the application of other special
treatment
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As shown
in the 2008 annual report of the Company, the audited shareholders’ equity of
the Company as at 31 December 2008 is negative. According to the relevant
provisions of the Rules of Shanghai Stock Exchange on Listing Stocks（《上海證券交易所股票上市規則》）,
other special treatment will be applied to the shares of the Company with effect
from 17 April 2009.
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III.
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Opinion
of the Board of Directors on seeking to revoke other special treatment and
its specific measures
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In view
of the current operating environment and the situation that the shareholders’
equity of the Company being negative, the Company will focus, in particular, on
the following aspects in 2009:
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1.
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Implement
five major strategies such as hub networking, brand management,
informatization, alliance cooperation and sophisticated
management
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The
Company will establish Shanghai complex hub, Xi’an and Kunming regional hubs,
increase the market share of the Company in the hub markets and key markets and
form a control over the market; benchmark with world-renowned airlines, refine
the service concept, and create its service brand name; formulate and improve
the IT infrastructure, expedite the establishment of various IT systems; recruit
the Chief Information Officer from around the world and upgrade management
through technical upgrade; strengthen and deepen the strategic and business
cooperation with other enterprises comprehensively, introduce strategic
investors when appropriate, expedite the joining of airlines alliance, and
promote organizational and work flow reconstruction, fully realize the
sophisticated management in terms of production, operation and
safety.
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2.
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Cost-effectiveness
and efficiency enhancement measures
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The
Company will strictly control its transportation capacity growth and optimize
its fleet structure while implementing a thorough reduction in investments,
labor costs and other costs and expenses, streamline the fixed assets and
utilize those non-performing assets, optimize market and enhance marginal
contribution.
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3.
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Strengthen
market control and marketing
capability
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The
Company will strengthen its market research and enhance its market anticipation
capability; optimize its operations, focus on key routes and profitable routes;
promote the route revenue management system and improve the accuracy of its
marketing strategies; strengthen the establishment of information system and
electronic commerce platform; spare great efforts to develop the marketing of
major customers and frequent travelers; take the opportunity of World Expo to
boost sales.
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4.
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Stringent
control over capital expenditure
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Given the
adverse external environment and internal resources available, the Company will
strictly manage its capital expenditure and reduce some of its equity
investments.
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5.
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Facilitate
the completion of the non public offering of new A shares and H shares by
the Company to China Eastern Air Holding Company and its non wholly owned
subsidiary, ensure receiving the subscription funding as soon as
practicable in order to supplement the registered capital of the
Company.
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IV.
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Risk
warning of potential suspension or termination of
listing
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According
to relevant provisions of the Rules of Shanghai Stock Exchange on Listing of
Stocks（《上海證券交易所股票上市規則》）,
if the Company continues to sustain a loss in 2009, the shares of the Company
will be subject to Delisting Risk Warning with effect from the date of
announcement of the 2009 annual report.
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V.
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Primary
contact of the Company for investors’ enquiries during the period of other
special treatment
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Contact
person: Luo Zhuping
Telephone
number: 021-22330920
Fax
number: 021-62686116
Email:
ir@ce-air.com
Address:
2550 Hongqiao Road, Shanghai
Postal
code: 200335
Notice is
hereby made and investors should be cautious about the risks associated with the
investment in the shares of the Company.
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By
order of the Board
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China
Eastern Airlines Corporation Limited
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Luo
Zhuping
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Director
and Company Secretary
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The
directors of the Company as at the date of this announcement are:
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Liu
Shaoyong
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(Chairman)
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Li
Jun
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(Vice
Chairman)
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Ma
Xulun
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(Director,
President)
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Luo
Chaogeng
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(Director)
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Luo
Zhuping
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(Director,
Company Secretary)
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Hu
Honggao
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(Independent
non-executive Director)
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Peter
Lok
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(Independent
non-executive Director)
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Wu
Baiwang
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(Independent
non-executive Director)
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Zhou
Ruijin
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(Independent
non-executive Director)
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Xie
Rong
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(Independent
non-executive Director)
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Shanghai,
the People’s Republic of China
15 April
2009