On the morning of January 6, Cathay Pacific announced on the Hong Kong Stock Exchange that it plans to repurchase shares off the market. On January 5, 2026: Air China has notified the Company that it has entered into a share placement agreement to sell 108,080,000 shares, and the sale is expected to be completed before the Extraordinary General Meeting of Shareholders is held; and Air China and the Company have signed an amended and restated agreement to amend and restate that Air China has signed an irrevocable commitment with the company as the beneficiary to reflect Air China's shareholding after the sale. After the sale and share repurchase are completed, assuming there are no other changes in the company's issued shares, Swire's shareholding ratio will increase from about 43.09% to about 47.65% as of the date of this announcement, and Air China's shareholding ratio will increase from about 27.11% to about 29.98%.

On the morning of January 6, Cathay Pacific announced on the Hong Kong Stock Exchange that it plans to repurchase shares off the market. On January 5, 2026: Air China has notified the Company that it has entered into a share placement agreement to sell 108,080,000 shares, and the sale is expected to be completed before the Extraordinary General Meeting of Shareholders is held; and Air China and the Company have signed an amended and restated agreement to amend and restate that Air China has signed an irrevocable commitment with the company as the beneficiary to reflect Air China's shareholding after the sale. After the sale and share repurchase are completed, assuming there are no other changes in the company's issued shares, Swire's shareholding ratio will increase from about 43.09% to about 47.65% as of the date of this announcement, and Air China's shareholding ratio will increase from about 27.11% to about 29.98%.