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.
CHINA AIRCRAFT LEASING GROUP HOLDINGS LIMITED 中 國 飛 機 租 賃 集 團 控 股 有 限 公 司
(Incorporated under the laws of the Cayman Islands with limited liability)
The Board is pleased to announce that on 23 March 2026 (after trading hours), a wholly-owned special purpose vehicle of the Company (the Seller) entered into the Purchase Agreement with an independent third party (the Buyer) in relation to the sale of one Aircraft. The sale transaction is expected to be completed on or before 31 July 2026.
The Board is pleased to announce that on 23 March 2026 (after trading hours), the Seller entered into the Purchase Agreement with the Buyer, pursuant to which the Seller agreed to sell and the Buyer agreed to purchase the Aircraft.
Aircraft trading is one of the Group's ordinary course of businesses. The sale transaction will increase the Group's income from aircraft trading, satisfy the market's demand for aircraft and maintain the good relationship between the Group and its clients.
Date: 23 March 2026 Parties:the Seller, which is a wholly-owned special purpose vehicle of the Company. The Group is a leading full value chain aircraft solutions provider. Its scope of business includes regular operations such as aircraft leasing, purchase and leaseback, portfolio trading and asset management, as well as value-added services such as fleet planning, fleet upgrade, aircraft maintenance, repair and overhaul, aircraft disassembling and recycling, and aircraft component trading; and
the Buyer, which is principally engaged in the shipping business. To the best of the Directors' knowledge, information and belief, having made all reasonable enquiries, the Buyer and its ultimate beneficial owners are third parties independent of the Company and the connected persons of the Company.
As one or more of the applicable percentage ratios in respect of the Transaction exceed 5% but all are below 25%, the Transaction constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules. Nevertheless, the Transaction is Qualified Aircraft Leasing Activity and is only subject to the disclosure requirements under Rule 14.33D of the Listing Rules.
The Board has confirmed that (1) the Company has fulfilled the criteria for a Qualified Aircraft Lessor; (2) the Transaction is entered into by the Company in its ordinary and usual course of business and on normal commercial terms; and (3) the terms of the Transaction are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
DEFINITIONSIn this announcement, the following expressions shall (unless the context otherwise requires) have the following meanings:
"Aircraft" one Airbus A321-271NX aircraft "Board" the board of Directors "Buyer" Kotoku Kaiun Co., Ltd., which is 100% ultimately controlled by natural persons, all of whom are third parties independent of the Company and the connected persons of the Company, and more than 30% of the Buyer is ultimately controlled by a natural person and the remaining are held by the close associates of such natural person "Company" China Aircraft Leasing Group Holdings Limited (中國飛機租賃集團控股有限公司), an exempted company incorporated in the Cayman Islands with limited liability, the shares of which are listed on the Main Board of the Stock Exchange
"connected person(s)" has the meaning ascribed to it under the Listing Rules "Directors" the directors of the Company "Group" the Company and its subsidiaries "Listing Rules" the Rules Governing the Listing of Securities on the StockExchange
"percentage ratios" has the meaning ascribed to it under Rule 14.07 of the ListingRules
"Purchase Agreement" a beneficial interest purchase agreement entered intobetween the Seller and the Buyer on 23 March 2026, pursuant to which the Seller agreed to sell and the Buyer agreed to purchase the Aircraft
"Qualified Aircraft Leasing Activity"has the meaning ascribed to it under Rule 14.04(10D) of the Listing Rules
"Qualified Aircraft Lessor"has the meaning ascribed to it under Rule 14.04(10E) of the Listing Rules
"Seller" a wholly-owned special purpose vehicle of the Company "Shareholders" the shareholders of the Company "Stock Exchange" The Stock Exchange of Hong Kong Limited "Transaction" the entering into of the Purchase Agreement and the transactioncontemplated thereunder
By order of the Board
China Aircraft Leasing Group Holdings Limited POON HO MAN
Executive Director and Chief Executive Officer
Hong Kong, 23 March 2026
As at the date of this announcement, (i) the Non-executive Directors are Mr. AN Xuesong (Chairman) and Mr. PAN Jianyun; (ii) the Executive Directors are Mr. POON Ho Man (Chief Executive Officer) and Mr. LI Guohui (Chief Financial Officer and Chief Strategy Officer); and (iii) the Independent Non-executive Directors are Mr. CHEOK Albert Saychuan, Mr. FAN Chun Wah, Andrew, J.P., and Dr. HONG Wen.
