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 January 2023

Commission File Number: 001-14550

China Eastern Airlines Corporation Limited

(Translation of Registrant’s name into English)

Board Secretariat’s Office

5/F, Block A2, Northern District, CEA Building

36 Hongxiang 3rd Road, Minhang District

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: ☒ Form 20-F ☐ 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): ☐

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): ☐

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: ☐ Yes ☒ 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.

		~~China Eastern Airlines Corporation Limited~~	China Eastern Airlines Corporation Limited
		~~(Registrant)~~		(Registrant)
Date January 3, 2023		By	/s/ Wang Jian
Date	January 4, 2023		By	/s/ Wang Jian
			~~Name: Wang Jian~~	Name: Wang Jian
			~~Title: Company Secretary~~	Title: Company Secretary

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.

LOGO

~~Hong~~Monthly ~~Kong~~Return ~~Exchanges~~for ~~and~~Equity ~~Clearing~~Issuer ~~Limited~~ and ~~The Stock Exchange of~~ Hong Kong ~~Limited~~Depositary ~~take~~Receipts ~~no responsibility~~listed ~~for~~under ~~the~~Chapter ~~contents~~19B 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~~Exchange ~~or any part of the~~Listing ~~contents~~Rules ofon ~~this~~Movements ~~announcement.~~in Securities

~~CONNECTED~~For ~~TRANSACTION~~the month ended: 31 December 2022 Status: New Submission

~~DISPOSAL~~To OF: ~~CERTAIN~~Hong ~~AVIATION~~Kong ~~GROUND~~Exchanges ~~EQUIPMENT~~and Clearing Limited

DISPOSAL OF CERTAIN AVIATION GROUND EQUIPMENT


Name of Issuer:		China Eastern Airlines Corporation Limited

Date Submitted:		03 January 2023

OnI. 14Movements ~~December 2022, the 21st ordinary meeting of the ninth session of the Board of the Company considered and approved the Resolution~~ in ~~relation~~Authorised to/ ~~the Disposal~~Registered ofShare ~~Certain~~Capital Aviation Ground Equipment and it was agreed that the Company shall dispose of certain aviation ground equipment, including a total of 8,175 apron vehicles and non-motor vehicles, to Yinyan Leasing at a disposal price of RMB398.1841 million (tax exclusive). The specific implementation shall be delegated to the president of the Company.

On 30 December 2022, each of the Company and Eastern Technology entered into the Transfer Agreements with Yinyan Leasing, and shall dispose of 7,655 and 520 Vehicles to Yinyan Leasing, respectively, at disposal prices of RMB273.4034 million (tax exclusive) and RMB124.7807 million (tax exclusive), respectively.

1. Type of shares

Ordinary shares

Class of shares

Class H

Listed on SEHK (Note 1)

Yes

Stock code

00670

Description

China Eastern Airlines Corporation Limited H Shares

IMPLICATIONS UNDER THE HONG KONG LISTING RULES

Number of authorised/registered shares

Par value

Authorised/registered share capital

Balance at close of preceding month

5,176,777,777

RMB

5,176,777,777

Increase / decrease (-)

RMB

Balance at close of the month

5,176,777,777

RMB

5,176,777,777

As at the date of this announcement, Eastern Technology is a wholly-owned subsidiary of the Company, and Yinyan Leasing is an indirect wholly-owned subsidiary of CEA Development, which is a wholly-owned subsidiary of CEA Holding, the controlling Shareholder of the Company. Therefore, Yinyan Leasing is a connected person of the Company within the meanings of the Hong Kong Listing Rules. The Connected Transaction constitutes a connected transaction under Chapter 14A of the Hong Kong Listing Rules. As the highest applicable percentage ratio of the transaction contemplated under the Transfer Agreements exceeds 0.1% but is less than 5%, the Connected Transaction is subject to the reporting, announcement and annual review requirements but is exempted from the Independent Shareholders’ approval requirement under the Hong Kong Listing Rules.

2. Type of shares

Ordinary shares

Class of shares

Class A

Listed on SEHK (Note 1)

Stock code

600115

Description

China Eastern Airlines Corporation Limited A Shares

Number of authorised/registered shares

Par value

Authorised/registered share capital

Balance at close of preceding month

13,697,662,301

RMB

13,697,662,301

Increase / decrease (-)

RMB

Balance at close of the month

13,697,662,301

RMB

13,697,662,301

A.Total ~~BACKGROUND~~authorised/registered share capital at the end of the month: RMB 18,874,440,078

OnPage ~~14 December~~1 ~~2022, the 21st ordinary meeting~~ of the ninth session of the Board of the Company considered and approved the Resolution in relation to the Disposal of Certain Aviation Ground Equipment and it was agreed that the Company shall dispose of certain aviation ground equipment, including a total of 8,175 apron vehicles and non-motor vehicles (the “Vehicles”), to Yinyan Leasing at a disposal price of RMB398.1841 million (tax exclusive). The specific implementation shall be delegated to the president of the Company. 6

On 30 December 2022, each of the Company and Eastern Technology entered into the Agreement for the Transfer of Aviation Ground Equipment Inventory Assets between China Eastern Airlines Corporation Limited and Shanghai Eastern Airlines Yinyan Financial Leasing CoII., ~~Ltd.~~Movements ~~and~~in ~~the~~Issued ~~Agreement~~Shares for the Transfer of Aviation Ground Equipment Inventory Assets between China Eastern Airlines Technology Co., Limited and Shanghai Eastern Airlines Yinyan Financial Leasing Co., Ltd. with Yinyan Leasing, and shall dispose of 7,655 and 520 Vehicles to Yinyan Leasing, respectively, at disposal prices of RMB273.4034 million (tax exclusive) and RMB124.7807 million (tax exclusive), respectively.

B. THE TRANSFER AGREEMENTS

1. Type of shares

Ordinary shares

Class of shares

Class H

Listed on SEHK (Note 1)

Yes

Stock code

00670

Description

China Eastern Airlines Corporation Limited H Shares

The principal terms of the Transfer Agreements are set out as follows:



Balance at close of preceding month		5,176,777,777
Increase / decrease (-)
Balance at close of the month		5,176,777,777

Subject of agreements:

For the Target Assets under the Connected Transaction, the transferor shall be the Company and Eastern Technology, and the transferee shall be Yinyan Leasing.

2. Type of shares

Ordinary shares

Class of shares

Class A

Listed on SEHK (Note 1)

Transaction price:

The aggregate price of the Connected Transaction shall be RMB398.1841 million (tax exclusive), of which the price of the transaction between the Company and Yinyan Leasing shall be RMB273.4034 million (tax exclusive), and the price of the transaction between Eastern Technology and Yinyan Leasing shall be RMB124.7807 million (tax exclusive).

Stock code

600115

Description

China Eastern Airlines Corporation Limited A Shares

Payment method and term:

Upon the signing of the Transfer Agreements, Yinyan Leasing shall complete the acceptance of equipment and pay 50% of the acquisition cost as soon as practicable, and the remaining 50% of the acquisition cost shall be paid in full within three months upon the signing of the agreements.

Delivery or transfer schedule:

The closing date shall be 31 December 2022. From the closing date (excluding that day, the same for below), the Target Assets shall be, in principle, transferred from the Company and Eastern Technology (“Party A”) to Yinyan Leasing (“Party B”).



Balance at close of preceding month		13,697,662,301
Increase / decrease (-)
Balance at close of the month		13,697,662,301

		From the effective date of the Transfer Agreements, Party A and Party B shall execute the contractual transfer procedures for the Target Assets in accordance with the following principles:
		1. Party A shall directly transfer the actual possession of the Target Assets to Party B prior to the closing date. If registration is required according to relevant laws, the relevant change of registration shall be made to register under the name of Party B or a party designated by Party B as soon as practicable upon the effective date of the agreements;
		2. Party A shall hand over to Party B prior to the closing date the originals of all contracts, agreements, letters of commitment, letters of guarantee, insurance policies and other relevant documents in relation to the Target Assets that have not been fully performed within the validity period and are to be undertaken by Party B;
		3. If the Target Assets and relevant businesses require the consent, approval or permission from airports or competent administrative authorities, for those that only Party A may handle according to relevant regulations, Party A shall be responsible for communicating with the relevant airports or competent administrative authorities so that Party B can obtain the relevant consent, approval or permission; otherwise, Party A shall provide appropriate assistance;
		4. In principle, Party A shall be responsible for handling the transfer of the aforementioned assets with Party B and assisting Party B to obtain the relevant qualifications and licences (if necessary). If such procedures cannot be completed on the closing date due to any difficulty, both parties shall cooperate with each other to complete such procedures as soon as practicable;
		5. Both parties shall sign a closing confirmation on the closing date to confirm the completion of transfer of assets and related materials involved in the transaction under the agreements, unless both parties jointly confirm in writing that the procedures may continue after the closing date.
Taking effect of agreements:		The Transfer Agreements shall take effect upon the affixing of signatures and official seals or special seals for contractual uses by the legal representatives of the parties or their authorised representatives.


		Page 2 of 6

6III. Details of Movements in Issued Shares

~~Liabilities~~(A). ofShare ~~default:~~Options ~~For~~(under ~~the~~Share ~~loss~~Option orSchemes ~~damage suffered by any party to the Transfer Agreements due to the other party’s breach~~ of ~~any statement, guarantee or undertaking made under~~ the ~~Transfer~~Issuer) ~~Agreements,~~Not ~~the~~applicable defaulting party shall make full compensation to the non- defaulting party. If Yinyan Leasing fails to pay the transfer price on schedule in accordance with the Transfer Agreements, it shall pay overdue liquidated damages to the Company and Eastern Technology.

C(B). ~~INFORMATION~~Warrants OFto ~~THE~~Issue ~~TARGET~~Shares ~~ASSETS~~of the Issuer which are to be Listed Not applicable

(1C). ~~Basic~~Convertibles ~~information~~(i.e. Convertible into Issue Shares of the ~~Target~~Issuer ~~Assets~~which are to be Listed) Not applicable

1(D). ~~Transaction~~Any ~~subject~~other Agreements or Arrangements to Issue Shares of the Issuer which are to be listed, including Options (other than Share Options Schemes) Not applicable

The Target Assets of the Connected Transaction shall be a total of 8,175 apron vehicles and non-motor vehicles owned by the Company and Eastern Technology, of which 7,655 Vehicles are owned by the Company and 520 Vehicles are owned by Eastern Technology(E). ~~The~~Other ~~transaction~~Movements ~~category~~in isIssued ~~disposal~~Share ofNot ~~assets.~~applicable

2.Page ~~Description~~3 of ~~ownership of the Target Assets~~6

~~The ownership of the Target Assets is explicit~~IV. ~~There~~Information ~~are~~about noHong ~~mortgages,~~Kong ~~pledges~~Depositary orReceipt ~~any~~(HDR) ~~other~~Not ~~restrictions~~applicable ~~on transfer, no litigation, arbitration or judicial measures such as seizure and freezing involved, and no other circumstances that may hinder the transfer of ownership.~~

7Page 4 of 6

~~(2)~~V. ~~General~~Confirmations ~~principles and approaches for determining the price of the Connected Transaction~~

~~Upon~~We ~~negotiation~~hereby byconfirm to the ~~parties~~best knowledge, itinformation isand ~~agreed~~belief that, ~~the~~in ~~transaction~~relation ~~price~~to ~~shall~~each beof ~~based on~~ the ~~appraised~~securities ~~value~~issued of by the issuer ~~Vehicles~~during ~~with~~the ~~30 April~~month ~~2022~~ as ~~the~~set ~~base~~out ~~date,~~in Part III and ~~shall~~IV bewhich ~~determined~~has ~~upon~~not ~~the~~been ~~adjustment~~previously ofdisclosed ~~the~~in ~~transfer~~a ~~list~~return ~~according~~published tounder Main Board Rule 13.25A / GEM Rule 17.27A, it has been duly authorised by the ~~actual~~board ~~status~~of directors of the ~~Vehicles.~~listed issuer and, insofar as applicable:

1.(Note ~~Appraisal~~2) ~~of the Vehicles~~

Each of the Company and Eastern Technology has engaged Beijing Tianjian Xingye Assets Appraisal Co., Ltd. to appraise the Vehicles to be disposed of. The Appraisal Agency possesses the qualification for appraisal of securities and futures-related business jointly granted by the Ministry of Finance and China Securities Regulatory Commission. According to the Assets Appraisal Report for the Proposed Disposal of Certain Vehicles of the Company (~~Tianxing Pingbao Zi <2022> No. 1822~~i) ~~and~~all ~~the~~money ~~Assets~~due ~~Appraisal~~to ~~Report for~~ the ~~Proposed~~listed ~~Disposal~~issuer of Certain Vehicles of Eastern Technology (Tianxing Pingbao Zi <2022> No. 1823) issued by the Appraisal Agency, with 30 April 2022 as the base date for appraisal, and on the assumption that the assets shall continue to be used in ~~line~~respect ~~with their current purposes, the cost approach and market approach were adopted for appraisal. Based on the appraisal with the cost approach and market approach, the net appraised value~~ of the ~~7,655~~issue ~~Vehicles to be disposed~~ of bysecurities ~~the~~has ~~Company~~been isreceived ~~RMB273.4034 million (tax exclusive), and the net appraised value of the 535 Vehicles to be disposed of~~ by ~~Eastern Technology is RMB125.6834 million (tax exclusive). Please see the table below for details:~~ it;

							Unit: RMB million
Name of company	Number ofVehicles		Book value		Net book value		Netappraisedvalue		Value-addedrate of netappraisedvalue
The Company		7,655		992.0449		220.9969		273.4034		23.71	%
Eastern Technology		535		489.0577		111.0893		125.6834		13.14	%

(ii)

all pre-conditions for listing imposed by the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited under “Qualifications of listing” have been fulfilled;

~~The~~(iii) ~~net~~all ~~appraised~~(if ~~value~~any) ofconditions ~~the~~contained ~~Vehicles~~in isthe ~~higher~~formal ~~than~~letter ~~the~~granting ~~net~~listing ~~book~~of ~~value,~~and ~~primarily~~permission ~~attributable~~ to ~~the~~deal ~~fact that~~in the ~~depreciation~~securities ~~period~~have ~~for~~been ~~business accounting is shorter than the economic life of the Vehicles under appraisal.~~ fulfilled;

2.(iv) ~~Adjustment~~all the securities of ~~certain~~each ~~Vehicles~~class toare bein ~~disposed~~all ofrespects identical (Note 3);

In(v) ~~November~~all ~~2022,~~documents ~~Eastern~~required ~~Technology~~by ~~re-determined~~ the ~~Vehicles~~Companies in(Winding ~~the~~Up ~~appraisal~~and ~~list~~Miscellaneous ~~according~~Provisions) Ordinance to ~~the actual~~be ~~status~~filed ofwith ~~equipment inventories. 15 Vehicles have met~~ the ~~conditions~~Registrar ~~for~~of ~~pending~~Companies ~~retirement and~~ have been ~~withdrawn~~duly ~~from~~filed ~~the transfer plan due to their aged models, failure~~ and ~~damage in key components, etc. It is finally determined~~ that ~~the appraised~~compliance ~~value~~has ofbeen ~~the~~made ~~520~~with ~~Vehicles~~other tolegal ~~be disposed of by Eastern Technology is RMB124.7807 million (tax exclusive).~~ requirements;

8(vi) all the definitive documents of title have been delivered/are ready to be delivered/are being prepared and will be delivered in accordance with the terms of issue;

In(vii) ~~summary,~~completion ~~the~~has ~~transaction~~taken ~~prices~~place of the ~~Vehicles~~purchase toby bethe ~~disposed~~issuer of byall ~~each~~property ofshown in the ~~Company and~~listing ~~Eastern~~document ~~Technology~~ to ~~Yinyan~~have ~~Leasing~~been ~~are~~purchased ~~RMB273.4034 million~~or ~~(tax~~agreed ~~exclusive)~~to be purchased by it and ~~RMB124.7807 million~~the ~~(tax~~purchase ~~exclusive),~~consideration ~~respectively,~~for ~~totalling~~all ~~RMB398.1841 million~~such ~~(tax~~property ~~exclusive).~~has been duly satisfied; and

~~Upon~~(viii) ~~reviewing~~ the ~~Assets~~trust ~~Appraisal~~deed/deed ~~Reports,~~poll ~~the~~relating ~~Board~~to ~~(including~~ the ~~independent~~debenture, ~~non-executive Directors)~~loan isstock, ofnotes ~~the~~or ~~view~~bonds ~~that~~has ~~the~~been ~~appraisal~~completed ~~result~~and ofexecuted, ~~the~~and ~~Target~~particulars ~~Assets~~thereof, ~~determined~~if byso ~~the~~required ~~Appraisal~~by ~~Agency~~law, ~~using~~have ~~the~~been ~~market~~filed ~~approach~~with ~~and~~the ~~cost~~Registrar ~~approach~~of ~~is fair and reasonable~~Companies.

D.Submitted ~~FINANCIAL~~by: ~~IMPACT~~Wang ~~AND~~Jian ~~USE~~Title: OFCompany ~~PROCEEDS~~Secretary (Director, Secretary or other Duly Authorised Officer)

~~Upon~~Notes the disposal of the Vehicles, the expected gain of the Company is approximately RMB67.0713 million (tax exclusive) (calculated based on net appraised value – net book value as at 30 November 2022). The aforementioned financial impact is for illustrative purposes only, and the actual gain recognised in the financial statements of the Company shall be subject to, among other things, the actual costs and expenses related to the disposal, the net book value of the Target Assets as at the date of completion of the disposal and the consolidated financial statements of the Company audited by the auditors of the Company.

~~The~~1. ~~Company~~SEHK ~~intends~~refers to ~~use~~Stock ~~the~~Exchange ~~proceeds from the transfer~~ of ~~the~~Hong ~~Target Assets for its daily operations~~Kong.

E2. ~~REASONS~~Items ~~FOR~~(i) ~~AND~~to ~~BENEFITS~~(viii) OFare ~~THE~~suggested ~~TRANSFER~~forms OFof ~~ASSETS~~confirmation which may be amended to meet individual cases. Where the issuer has already made the relevant confirmations in a return published under Main Board Rule 13.25A / GEM Rule 17.27A in relation to the securities issued, no further confirmation is required to be made in this return.

~~The~~Page ~~gradual~~5 ~~disposal~~ of aviation ground equipment inventories by the Company and its subsidiaries to Yinyan Leasing can establish a foundation for the comprehensive development of aviation ground equipment leasing services. The provision of aviation ground equipment leasing services is an effective way to transform the Company’s supporting assets into operating assets and improve the utilisation rate of assets. Such services will give full play to the integration advantages of CEA Development in equipment manufacturing, maintenance and management services, realise the refined management of the entire lifecycle of assets and the unified deployment of cross-business units, and create synergies to reduce maintenance personnel, improve the overall support efficiency and cut down management costs. 6

~~Based~~3. on“Identical” ~~the~~means above, the Directors (including the independent non-executive Directors) are of the view that the Connected Transaction is carried out upon arm’s length negotiations between both parties, conducted on normal commercial terms or better, entered into in ~~the~~this ~~ordinary course of business of the Company, being fair and reasonable and in the interests of the Company and the Shareholders as a whole.~~ context:

9• the securities are of the same nominal value with the same amount called up or paid up;

F.• ~~IMPLICATIONS~~they ~~UNDER~~are ~~THE~~entitled ~~HONG~~to ~~KONG~~dividend/interest ~~LISTING~~at ~~RULES~~the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to exactly the same sum (gross and net); and

As• atthey ~~the~~carry ~~date of this announcement, Eastern Technology is a wholly-owned subsidiary of~~ the ~~Company,~~same ~~and~~rights ~~Yinyan~~as Leasing is an indirect wholly-owned subsidiary of CEA Development, which is a wholly-owned subsidiary of CEA Holding, the controlling Shareholder of the Company. Therefore, Yinyan Leasing is a connected person of the Company within the meanings of the Hong Kong Listing Rules. The Connected Transaction constitutes a connected transaction under Chapter 14A of the Hong Kong Listing Rules. As the highest applicable percentage ratio of the transaction contemplated under the Transfer Agreements exceeds 0.1% but is less than 5%, the Connected Transaction is subject to ~~the~~unrestricted ~~reporting~~transfer, ~~announcement~~attendance and ~~annual~~voting ~~review~~at ~~requirements~~meetings ~~but~~and isrank ~~exempted~~pari ~~from~~passu ~~the~~in ~~Independent~~all ~~Shareholders’~~other ~~approval requirement under the Hong Kong Listing Rules~~respects.

~~Certain Directors (namely Mr~~4. Li ~~Yangmin,~~If ~~Mr. Tang~~there ~~Bing,~~is ~~Mr. Lin~~insufficient ~~Wanli and Mr. Jiang Jiang) are the directors of CEA Holding~~space, ~~which~~please ~~may~~submit beadditional ~~deemed to have material interests in the Connected Transaction~~document. Therefore, they have abstained from voting at the Board meeting convened for approving the Connected Transaction. Save for those disclosed above, no Director has any material interests in the Connected Transaction.

G5. ~~GENERAL~~In ~~INFORMATION~~the context of repurchase of shares:

~~Information~~• in“shares ~~relation~~issuable to ~~the~~be ~~Group~~listed on SEHK” should be construed as “shares repurchased listed on SEHK”; and

~~The~~• ~~Group~~“stock iscode ~~principally~~of ~~engaged~~shares inissuable ~~the~~(if ~~operation~~listed ofon ~~civil~~SEHK)” ~~aviation~~should ~~passenger~~be ~~transport~~construed ~~and~~as ~~related~~“stock ~~businesses.~~code of shares repurchased (if listed on SEHK)”; and

~~Information~~• in“type ~~relation~~of toshares ~~CEA~~issuable” ~~Holding~~should be construed as “type of shares repurchased”; and

~~CEA~~• ~~Holding~~“issue ~~is principally engaged in the operation of all the state-owned assets~~ and ~~equity~~allotment ~~interests~~date” ~~invested~~should ~~and~~be ~~formed~~construed byas ~~the~~“cancellation ~~state in CEA Holding and its invested entities.~~ date”

As6. atIn the ~~date~~context of ~~this~~redemption ~~announcement, the controlling shareholder and the actual controller~~ of ~~CEA Holding is SASAC, and CEA Holding is owned by the following parties~~shares:

~~(i)~~• as“shares issuable to ~~68.42%~~be bylisted ~~SASAC~~on SEHK” should be construed as “shares redeemed listed on SEHK”; and

~~(ii)~~• as“stock tocode ~~11.21%~~of byshares ~~China~~issuable ~~Life Investment Insurance Asset Management Company Limited~~ (if ~~國壽投資保險資產管理有限公司~~listed on SEHK),” ~~which~~should isbe ~~directly~~construed ~~wholly-owned~~as by“stock ~~China~~code ~~Life~~of ~~Insurance~~shares ~~(Group)~~redeemed ~~Company~~ (if ~~中國人壽保險（集團）公司~~listed on SEHK)”; and ~~is ultimately wholly- owned by the State Council of the PRC;~~

~~(iii)~~• as“type toof ~~10.19%~~shares byissuable” ~~Shanghai~~should ~~Jiushi~~be ~~(Group)~~construed ~~Co.,~~as ~~Ltd.~~“type (of ~~上海久事（集團）有限公司~~shares ~~), which is directly wholly-owned by Shanghai SASAC~~redeemed”; and

10• “issue and allotment date” should be construed as “redemption date”

~~(iv)~~Page as6 toof 5.09% by China Reform Asset Management Co., Ltd. ( 中國國新資產管理有限公司), which is directly wholly-owned by China Reform Holdings Corporation Ltd. ( 中國國新控股有限責任公司 ) and is ultimately wholly-owned by SASAC; and6

(v) as to 5.09% by China Tourism Group Co., Ltd. ( 中國旅遊集團有限公司 ), which is directly wholly-owned by SASAC.

Information in relation to Yinyan Leasing

Yinyan Leasing is principally engaged in finance leasing business, leasing business, purchase of domestic and overseas leased properties, treatment of residual value and maintenance of leased properties, lease transaction consultation and guarantee, commercial factoring business related to its principal business; maintenance of aviation ground equipment, repair of containers, assembly of aviation ground equipment, other services in airports, maintenance of class two motor vehicles (maintenance of small vehicles, maintenance of large and medium-sized passenger vehicles, and maintenance of large and medium-sized trucks), and sales of vehicles. Businesses subject to approval in accordance with the laws may only be carried out upon approval by relevant authorities.

As at the date of this announcement, Yinyan Leasing is a wholly-owned subsidiary of CEA Development, which is a wholly-owned subsidiary of CEA Holding, the controlling Shareholder of the Company.

H. DEFINITIONS

In this announcement, unless the context otherwise requires, the following expressions shall have the following meanings:

“Appraisal Agency”		means 北京天健興業資產評估有限公司 (Beijing Tianjian Xingye Assets Appraisal Co., Ltd.)
“Assets Appraisal Reports”		means the Assets Appraisal Report for the Proposed Disposal of Certain Vehicles of the Company (Tianxing Pingbao Zi <2022> No. 1822) (《公司擬出售部分車輛項目資產評估報告 ( 天興評報字 <2022> 第 1822 號 ) 》) and the Assets Appraisal Report for the Proposed Disposal of Certain Vehicles of Eastern Technology (Tianxing Pingbao Zi <2022> No. 1823) (《東航技術擬出售部分車輛項目資產評估報告 ( 天興評報字 <2022> 第 1823 號 ) 》) issued by the Appraisal Agency
“associate(s)”		has the meaning ascribed to it under the Hong Kong Listing Rules “Board” means the board of Directors of the Company
“CEA Development”		means 東航實業集團有限公司 (CEA Development Co., Ltd.), a wholly-owned subsidiary of CEA Holding

“CEA Holding”		means 中國東方航空集團有限公司 (China Eastern Air Holding Company Limited), the controlling Shareholder of the Company
“Company”		means 中國東方航空股份有限公司 (China Eastern Airlines Corporation Limited), a joint stock limited company incorporated in the PRC with limited liability, whose H shares, A shares and American depositary shares are listed on the Stock Exchange, the Shanghai Stock Exchange and the New York Stock Exchange, respectively
“connected person(s)”		has the meaning ascribed to it under the Hong Kong Listing Rules
“Connected Transaction”		means the disposal of 7,655 Vehicles to Yinyan Leasing by the Company and the disposal of 520 Vehicles to Yinyan Leasing by Eastern Technology
“Director(s)”		means the director(s) of the Company
“Eastern Technology”		means 東方航空技術有限公司 (China Eastern Airlines Technology Co., Limited), a wholly-owned subsidiary of the Company
“Group”		means the Company and its subsidiaries
“Hong Kong”		means the Hong Kong Special Administrative Region of the PRC
“Hong Kong Listing Rules”		means the Rules Governing the Listing of Securities on the Stock Exchange
“Independent Shareholders”		means the Shareholders, excluding CEA Holding and its associate(s)
“PRC”		means the People’s Republic of China
“RMB”		means Renminbi, the lawful currency of the PRC
“SASAC”		means the State-owned Assets Supervision and Administration Commission of the State Council
“Shareholder(s)”		means the shareholder(s) of the Company
“Stock Exchange”		means The Stock Exchange of Hong Kong Limited

“Target Assets”		means a total of 8,175 apron vehicles and non-motor vehicles owned by the Company and Eastern Technology, of which 7,655 Vehicles are owned by the Company and 520 Vehicles are owned by Eastern Technology
“Transfer Agreements”		means the Agreement for the Transfer of Aviation Ground Equipment Inventory Assets between China Eastern Airlines Corporation Limited and Shanghai Eastern Airlines Yinyan Financial Leasing Co., Ltd. (《中國東方航空股份有限公司與上海東航銀燕融資租賃有限公司受讓航空地面設備存量資產的協議書》 ) and the Agreement for the Transfer of Aviation Ground Equipment Inventory Assets between China Eastern Airlines Technology Co., Limited and Shanghai Eastern Airlines Yinyan Financial Leasing Co., Ltd. (《東方航空技術有限公司與上海東航銀燕融資租賃有限公司受讓航空地面設備存量資產的協議書》 ) entered into by each of the Company and Eastern Technology with Yinyan Leasing dated 30 December 2022
“Yinyan Leasing”		means 上海東航銀燕融資租賃有限公司 (Shanghai Eastern Airlines Yinyan Financial Leasing Co., Ltd.), a wholly-owned subsidiary of CEA Development
“%”		means per cent.

By order of the Board

CHINA EASTERN AIRLINES CORPORATION LIMITED

Wang Jian

Company Secretary

Shanghai, the People’s Republic of China

30 December 2022

As at the date of this announcement, the directors of the Company include Li Yangmin (Vice Chairman, President), Tang Bing (Director), Lin Wanli (Director), Cai Hongping (Independent non-executive Director), Dong Xuebo (Independent non-executive Director), Sun Zheng (Independent non-executive Director), Lu Xiongwen (Independent non-executive Director) and Jiang Jiang (Employee Representative Director).

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