| 1. | CORPORATE AND GROUP INFORMATION |
China Eastern Airlines Corporation Limited (the “Company”), a joint stock company limited by shares, was established in the People’s Republic of China (the “PRC”) on 14 April 1995. The address of the Company’s registered office is 66 Airport Street, Pudong International Airport, Shanghai, the PRC. The Company and its subsidiaries (together, the “Group”) are principally engaged in the operation of civil aviation, including the provision of passenger, cargo, mail delivery, tour operations and other extended transportation services.
In the opinion of the directors, the holding company and ultimate holding company of the Company is China Eastern Air Holding Company Limited (“CEA Holding”), formerly named as China Eastern Air Holding Company, a state-owned enterprise established in the PRC.
The A shares, H shares and American Depositary Shares are listed on the Shanghai Stock Exchange, The Stock Exchange of Hong Kong Limited and The New York Stock Exchange, respectively.
These financial statements were approved and authorized for issue by the Company’s Board of Directors (the “Board”) on 25 April, 2018.
Information about subsidiaries
Particulars of the Company’s principal subsidiaries at the end of the reporting period are as follows:
| Name | Place and date of incorporation/ registration and |
Issued ordinary/ registered share |
Percentage
of equity attributable to the Company |
Principal activities | ||||||||||||
| place of business | capital | Direct | Indirect | |||||||||||||
| million | ||||||||||||||||
|
China Eastern Airlines Jiangsu Co., Ltd. (“CEA Jiangsu”) |
PRC/Mainland China 7 April 1993 |
RMB | 2,000 | 62.56 | % | — | Provision of airline services | |||||||||
|
China Eastern Airlines Wuhan Co., Ltd. (“CEA Wuhan”) |
PRC/Mainland China 16 August 2002 |
RMB | 1,750 | 60 | % | — | Provision of airline services | |||||||||
|
Shanghai Eastern Flight Training Co., Ltd. (“Shanghai Flight Training”) |
PRC/Mainland China 18 December 1995 |
RMB | 694 | 100 | % | — | Provision of flight training services | |||||||||
|
Shanghai Airlines Co., Ltd. (“Shanghai Airlines”) |
PRC/Mainland China 16 March 2010 |
RMB | 500 | 100 | % | — | Provision of airline services | |||||||||
|
China Eastern Airlines Technology Co., Ltd. (“Eastern Technology”) |
PRC/Mainland China 19 November 2014 |
RMB | 4,300 | 100 | % | — |
Provision of airline maintenance services |
|||||||||
|
China Eastern Business Jet Co., Ltd. |
PRC/Mainland China 27 September 2008 |
RMB | 50 | 100 | % | — |
Provision of airlines consultation services |
|||||||||
|
China Eastern Airlines Yunnan Co., Ltd. (“CEA Yunnan”) |
PRC/Mainland China 2 August 2011 |
RMB | 3,662 | 90.36 | % | — | Provision of airline services | |||||||||
|
Eastern Air Overseas (Hong Kong) Co., Ltd. (“Eastern Air Overseas”) |
Hong Kong 10 June 2011 |
HKD | 280 | 100 | % | — | Provision of import and export, investment, leasing and consultation services | |||||||||
|
China United Airlines Co., Ltd. (“China United Airlines”) |
PRC/Mainland China 21 September 1984 |
RMB | 1,320 | 100 | % | — | Provision of airline services | |||||||||
|
Eastern Airlines Hotel Co., Ltd. |
PRC/Mainland China 18 March 1998 |
RMB | 70 | 100 | % | — | Provision of hotel services primarily to crew | |||||||||
|
Shanghai Airlines Tours International (Group) Co., Ltd. (“Shanghai Airlines Tours”) |
PRC/Mainland China 29 August 1992 |
RMB | 50 | 100 | % | — | Tour operations, travel and air ticketing agency and transportation | |||||||||
|
China Eastern Airlines Application Development Center Co., Ltd. (“Application Development Center”) |
PRC/Mainland China 21 November 2011 |
RMB | 498 | 100 | % | — | Provision of research and development of technology and products in the field of aviation | |||||||||
|
China Eastern Airlines E-Commerce Co., Ltd. (“Eastern E-Commerce”) |
PRC/Mainland China 1 December 2014 |
RMB | 50 | 100 | % | — | E-commerce platform and ticket agent | |||||||||
The above table lists the subsidiaries of the Company which, in the opinion of the directors, principally affected the results for the year or formed a substantial portion of the net assets of the Group. To give details of other subsidiaries would, in the opinion of the directors, result in particulars of excessive length.
All of the subsidiaries of the Company listed above are limited liability companies.