PRESS RELEASE

CALC Saw Major Shareholders Chose to Receive Scrip Dividend Payment
Adding HK$220 Million to the Company’s Issued Capital

29 Jun 2020

Hong Kong, 29 June 2020 - China Aircraft Leasing Group Holdings Limited ("CALC" or the “Company”, HKSE stock code: 01848), a full value chain aircraft solutions provider for the global aviation industry, said it saw its two major shareholders China Everbright Limited and the incumbent Executive Director and Chief Executive Officer Mr Mike Poon, through his jointly-controlled Friedmann Pacific Asset Management Limited and wholly-owned Equal Honor Holdings Limited, had opted for receiving 100% of their entitlements of 2019 final dividend in scrip shares. Together with other shareholders opting for receiving scrip shares, the Company will see HK$220 million being added to its issued capital. With the scrip shares being issued today, China Everbright Limited will see its interest in CALC increase from 35.83% to 36.61%, while Mr Poon’s interest will increase from 28.19% to 28.87%. The major shareholders’ decision has demonstrated their confidence in CALC’s long term growth and development prospects.

 

A final dividend of HK$0.48 per Share for the year ended 31 December 2019 had been approved at the annual general meeting of CALC held on 17 April 2020. The shareholders were offered an option to receive scrip shares in lieu of cash as dividend payment. A total of 31,701,267 scrip shares, comprising 4.7016% of the original issued capital, have been issued, at HK$6.878 per scrip share. Please refer to the Next Day Disclosure Return uploaded to the Hong Kong Stock Exchange’s website today for details.

 

China Everbright Limited has been maintaining its strong support on CALC in its capacity as the largest shareholder. It has been steadily increasing its shareholding in CALC since 2016. Meanwhile, CALC has integrated into China Everbright Group’s “Four-Three-Three” strategy, leveraging its edges in both the overseas and domestic markets. China Everbright Group has attached great importance in its objective of nurturing “four global-leading” business units, including a global leading aircraft lessor, in 5-10 years.  CALC has also become China Everbright Limited’s “Four-Three-One” strategy as it establishes itself as a platform to cover the whole aircraft industry chain from maintenance, disassembly to the aircraft aftermarket, seeking to become an industry leader that will also underpin development of its mainstream aircraft asset management business.