Introduction of Hebei Airlines Co.

Hebei Airlines is a modernized airline approved by the Civil Aviation Administration of China (CAAC) and owned by Hebei Airlines Investment Group Company Limited, with equity participation by Sichuan Airlines Group Company and Shenyang Zhongrui Company, headquartered in Shijiazhuang, Hebei Province, China, and with its main base of operations at Shijiazhuang Zhengding International Airport. Hebei Airlines was formerly known as Northeast Airlines. In June 2010, Sichuan Airlines Group, a wholly owned subsidiary of Sichuan State-owned Assets Supervision and Administration Commission, acquired a 63.5% stake in Northeast Airlines on top of its original 33.5% stake. on June 29, 2010, Hebei Airlines made its maiden flight. Hebei Airlines Investment Group Co., Ltd. is a wholly-owned subsidiary of Jizhong Energy. In the first half of 2010, the company injected capital into the former Northeast Airlines to acquire a 62% stake in the company and changed its name to Hebei Airlines, which is mainly engaged in the transportation of passengers, cargo and mail by air, as well as general aviation and air transportation-related businesses. On June 29, 2010, the company officially started its operation.