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Company ProfileCompany InformationChinese name of the Company中國東方航空股份有限公司English name of the CompanyChina Eastern Airlines Corporation LimitedAbbreviated English name of the CompanyCEALegal representative of the CompanyLiu ShaoyongBasic ProfileRegistered address of the Company66 Airport Street, Pudong New District, Pudong International Airport,ShanghaiPostal code of the Company’s registered address201202Place of business of the Company36 Hongxiang 3rd Road, Minhang District, ShanghaiPostal code of the Company’s place of business201100The Company’s websitewww.ceair.comMobile application (APP)東方航空Mobile websitem.ceair.comEmail addressir@ceair.comService hotline 86 95530Sina Weibohttp://weibo.com/ceairWeixin public subscription ID東方航空訂閱號Weixin IDdonghang gwWeixin QR codeShares of the CompanyA shares Place of listing: The Shanghai Stock ExchangeAbbreviation: CEACode: 600115H shares Place of listing: The Hong Kong Stock ExchangeAbbreviation: China East AirCode: 00670ADR Place of listing: NYSEAbbreviation: China EasternCode: CEAContact Person and Contact Method6Board Secretary, Company Secretaryand Authorized RepresentativeSecurities Affairs RepresentativeContact personWang JianYang HuiContact address36 Hongxiang 3rd Road, Minhang District, 36 Hongxiang 3rd Road, Minhang District,ShanghaiShanghaiTelephone number021-22330929021-22330920Fax number021-62686116021-62686116Email addressir@ceair.comir@ceair.comChina Eastern Airlines Corporation Limited2019 Interim Report

Company ProfileDIRECTORSLEGAL ADVISERSLiu Shaoyong (Chairman)Hong Kong: Baker & McKenzieLi Yangmin (Vice Chairman, President)USA: Baker & McKenzieTang Bing (Director)China: Beijing Commerce & Finance Law OfficeLin Wanli (Independent non-executive Director)Li Ruoshan (Independent non-executive Director)PRINCIPAL BANKSMa Weihua (Independent non-executive Director)Industrial and Commercial Bank of China, Shanghai BranchShao Ruiqing (Independent non-executive Director)China Construction Bank, Shanghai BranchCai Hongping (Independent non-executive Director)The Bank of China, Shanghai BranchYuan Jun (Employee Representative Director)Agricultural Bank of China, Shanghai BranchSUPERVISORSSHARE REGISTRARXi Sheng (Chairman of the Supervisory Committee)Hong Kong Registrars LimitedGao Feng (Supervisor)Rooms 1712–1716, 17th Floor, Hopewell Centre,Li Jinde (Supervisor)183 Queen’s Road East, Wan Chai, Hong KongSENIOR MANAGEMENTThe Bank of New York MellonTian Liuwen (Vice President)240 Greenwich StreetWu Yongliang (Vice President, Chief Financial Officer)New York, NY 10286 USAFeng Liang (Vice President)Feng Dehua (Vice President)China Securities Depository and Clearing Corporation Limited,Jiang Jiang (Vice President)Shanghai BranchWang Jian (Board Secretary, Joint Company Secretary)3/F, 166 East Lu Jiazui Road, Pudong New District, ShanghaiCOMPANY SECRETARYPRINCIPAL PLACE OF BUSINESS IN HONG KONGWang Jian19/F, United Centre, 95 Queensway, Hong KongAUTHORIZED REPRESENTATIVESLiu ShaoyongWang Jian7

Interim Financial InformationInterim Condensed Consolidated Statement of Profit or Lossand Other Comprehensive IncomeFor the six months ended 30 June 2019For the six months ended 30 June20192018RMB millionRMB 0Operating expensesAircraft fuelTake-off and landing chargesDepreciation and amortisationWages, salaries and benefitsAircraft maintenanceImpairment chargesImpairment losses on financial assetsFood and beveragesLow value and short-term lease rentalsAircraft operating lease rentalsOther operating lease rentalsSelling and marketing expensesCivil aviation development fundGround services and other expensesFair value changes of financial asset at fair value through profit or lossIndirect operating l operating enueOther operating income and gains56Operating profitShare of results of associatesShare of results of joint venturesFinance incomeFinance costs75,1561672545(2,685)Profit before income taxIncome tax expense82,708(576)3,167(665)2,1322,502Other comprehensive incomeOther comprehensive income that may be reclassified to profit or lossin subsequent periods:Cash flow hedges, net of tax(61)110Net other comprehensive income that may be reclassifiedto profit or loss in subsequent periods(61)110Other comprehensive income that will not be reclassified to profit or lossin subsequent periods:Fair value changes of equity instruments designatedat fair value through other comprehensive income, net of taxShare of other comprehensive income of an associate, net of taxActuarial (losses)/gains on the post-retirement benefit obligations, net of tax10313(7)(16)(126)Net other comprehensive income that will not be reclassified to profit orloss in subsequent periods26(149)(35)(39)2,0972,463Profit for the periodOther comprehensive income, net of taxTotal comprehensive income for the period8China Eastern Airlines Corporation Limited2019 Interim Report

Interim Financial InformationInterim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive IncomeFor the six months ended 30 June 2019For the six months ended 30 June20192018RMB millionRMB million(Unaudited)(Unaudited)Profit attributable to:Equity holders of the CompanyNon-controlling interests1,9411912,279223Profit for the period2,1322,502Total comprehensive income attributable to:Equity holders of the CompanyNon-controlling interests1,9121852,240223Total comprehensive income for the period2,0972,4630.130.16NoteEarnings per share attributable to the equityholders of the Company during the period— Basic and diluted (RMB)119

Interim Financial InformationInterim Condensed Consolidated Statement of Financial Position30 June 201930 JuneNotes31 December20192018RMB millionRMB current assetsProperty, plant and equipment13Investment propertiesRight-of-use assetsPrepayments for land use rights133,840——1,387Intangible assets1411,62611,609Advanced payments on acquisition of aircraft1518,22821,9421,9421,696693577other comprehensive income1,2591,247Derivative financial 01,9502,1971,4361149612,61511,776Investments in associatesInvestments in joint venturesEquity instruments designated at fair value throughOther non-current assetsDeferred tax assetsCurrent assetsFlight equipment spare partsTrade and notes receivables16Financial asset at fair value through profit or lossPrepayments and other receivablesDerivative financial instrumentsRestricted bank deposits and short-term bank depositsCash and cash equivalentsAssets held for sale811816951646111118,13715,932Current liabilitiesTrade and bills payables17Contract 641932,75529,259Income tax payable145273Current portion of provision for return condition checks for aircraft under leases212145162981,62473,064Net current liabilities(63,487)(57,132)Total assets less current liabilities200,535165,953Other payables and accrualsCurrent portion of lease liabilitiesCurrent portion of obligations under finance leasesCurrent portion of borrowingsDerivative financial instruments102,8608,422China Eastern Airlines Corporation Limited2019 Interim Report

Interim Financial InformationInterim Condensed Consolidated Statement of Financial Position30 June 201930 June31 December20192018RMB millionRMB 4,80125,867NotesNon-current liabilitiesLease liabilitiesObligations under finance leasesBorrowingsProvision for return condition checks for aircraft under leases9,0962,761Contract liabilities1,5841,5853—Derivative financial instrumentsPost-retirement benefit obligations2,4782,544Other long-term 01Deferred tax liabilitiesNet assetsEquityEquity attributable to the equity holders of the Company— Share capital— ReservesNon-controlling interestsTotal ,59361,78961,60111

Interim Financial InformationInterim Condensed Consolidated Statement ofChanges in EquityFor the six months ended 30 June 2019Attributable to equity holders of the CompanyNon-At 31 December 2018 (audited)Effect of adoption of IFRS 16At 1 January 2019 (restated) ofitsSubtotalinterestsequityRMB millionRMB millionRMB millionRMB millionRMB millionRMB 42359,766Profit for the period——1,9411,9411912,132Other comprehensive income—(29)—(29)(6)(35)Total comprehensive income for the period—(29)1,9411,9121852,097Dividends paid to non-controlling interests————(74)(74)At 30 June 2019 (unaudited)14,46727,016*16,772*58,2553,53461,789At 1 January 2018 (audited)14,46727,35514,56656,3883,42159,809Profit for the period——2,2792,2792232,502Other comprehensive income—(39)—(39)—(39)Total comprehensive income for the period—(39)2,2792,2402232,463Final 2017 dividend 57,8903,64461,534At 30 June 2018 (unaudited)*SharecapitalThese reserve accounts comprise the unaudited consolidated reserve of RMB43,788 million in the unaudited interim condensedconsolidated statement of financial position (31 December 2018: RMB43,541 million).12China Eastern Airlines Corporation Limited2019 Interim Report

Interim Financial InformationInterim Condensed Consolidated Statement of Cash FlowsFor the six months ended 30 June 2019For the six months ended 30 June20192018RMB millionRMB n of property, plant and equipment4,1947,207Depreciation of right-of-use assets6,270—Depreciation of investment properties136Amortisation of intangible assets6381Amortisation of lease prepayments—24278216Cash flows from operating activitiesProfit before taxAdjustments to reconcile profit before tax to net cash flows:Amortisation of other long-term assetsImpairment loss on financial assets, net32Loss on disposal of property, plant and equipment610Fair value adjustment of financial asset at fair value through profit or lossFair value adjustment of derivative financial instrumentShare of results of associates and joint venturesGain on disposal of investment in a subsidiaryDividend income from financial asset at fair value through profit or loss(18)30—(273)(192)(85)(64)—(3)(5)Dividend income from equity instrument designated at fair valuethrough other comprehensive incomeNet foreign exchange 8(3,752)Decrease/(increase) in trade and other payables(2,516)3,277Cash generated from rest incomeInterest expenseProvisions for flight equipment spare partsIncrease in flight equipment spare partsDecrease/(increase) in trade and other receivables and prepaymentsIncome tax paidNet cash flows from operating activities13

Interim Financial InformationInterim Condensed Consolidated Statement of Cash FlowsFor the six months ended 30 June 2019For the six months ended 30 June20192018RMB millionRMB million(Unaudited)(Unaudited)Additions of property, plant and equipment(2,611)(4,326)Additions of right-of-use assets(2,406)—(83)(86)(4,099)(6,780)Cash flows from investing activitiesAdditions to intangible assetsAdvanced payments on acquisition of aircraftInvestment in joint venturesInvestment in an associateDisposal of a subsidiaryProceeds from disposal of property, plant and equipmentProceeds from novation of purchase rightsProceeds from disposal of intangible assetsInterest receivedDividends receivedSettlement relating to derivative financial instrumentsProceeds from repayment of loan to a joint ventureLoan to a joint ventureNet cash flows used in investing 37Cash flows from financing activitiesProceeds from draw-down of short-term bank loansProceeds from draw-down of long-term bank loansProceeds from issuance of short-term debentures—25,50010,500Proceeds from issuance of long-term debentures and bonds3,0002,971Proceeds from draw-down of long-term bank loans and other financing activities5,53911,046Repayments of short-term debentures(14,500)(14,000)Repayments of short-term bank loans(7,230)(17,886)Repayments of long-term bank loans(3,592)(530)Repayments of long-term debentures and bonds(3,000)—Repayments of principal of lease paymentsRepayments of principal of finance lease ) settlement relating to derivative financial instruments32(384)Dividends paid to non-controlling interests of subsidiaries(45)—(4,999)(2,255)Net increase/(decrease) in cash and cash equivalents304(1,527)Cash and cash equivalents at beginning of period6464,6161509513,139Interest paidNet cash flows used in financing activitiesEffect of foreign exchange rate changesCash and cash equivalents at 30 June14300China Eastern Airlines Corporation Limited2019 Interim Report

Notes to Interim Condensed ConsolidatedFinancial Information30 June 20191.Corporate and Group InformationChina Eastern Airlines Corporation Limited (the “Company”), a joint stock company limited by shares, was established in thePeople’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 principallyengaged in the operation of civil aviation, including the provision of passenger, cargo, mail delivery, tour operations and otherextended transportation services.In the opinion of the directors, the holding company and ultimate holding company of the Company is China Eastern Air HoldingCompany Limited (“CEA Holding”), 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 ofHong Kong Limited and the New York Stock Exchange, respectively.The unaudited interim condensed consolidated financial statements were approved for issue by the Company’s Board on30 August 2019.2.Basis of PreparationThe unaudited interim condensed consolidated financial information, comprising interim condensed consolidated statementof financial position as at 30 June 2019, interim condensed consolidated statement of profit or loss and other comprehensiveincome, interim condensed consolidated statement of changes in equity and interim condensed consolidated statement of cashflows for six months ended 30 June 2019 (collectively referred to as the ”interim financial information”), has been prepared inaccordance with International Accounting Standard (“IAS”) 34 “Interim Financial Reporting”. The interim condensed consolidatedfinancial information does not include all the information and disclosures required in the annual financial statements, and shouldbe read in conjunction with the Group’s annual consolidated financial statements for the year ended 31 December 2018.As at 30 June 2019, the Group’s current liabilities exceeded its current assets by approximately RMB63.49 billion. In preparingthe interim financial information, the Board conducts adequate and detailed review over the Group’s going concern ability basedon the current financial situation.The Board has taken actions to deal with the situation that current liabilities exceeded its current assets, and the Board isconfident that the Group has obtained adequate credit facility from the banks to support the floating capital. As at 30 June 2019,the Group had total unutilised credit facilities of approximately RMB47.40 billion from banks.Based on the bank facility obtained by the Group, the past record of the financing and the good working relationship withmajor banks and financial institutions, the Board considers that the Group will be able to obtain sufficient financing to enableit to operate, as well as to meet its liabilities as and when they become due, and the capital expenditure requirements for theupcoming twelve months. Accordingly, the Board believes that it is appropriate to prepare the financial information on a goingconcern basis without including any adjustments that would be required should the Company and the Group fail to continue as agoing concern.15

Notes to Interim Condensed Consolidated Financial Information30 June 20193.Changes in Accounting Policies and DisclosuresThe accounting policies adopted in the preparation of the interim condensed consolidated financial information are consistentwith those applied in the preparation of the Group’s annual consolidated financial information for the year ended 31 December2018, except for the adoption of the new and revised International Financial Reporting Standards (“IFRSs”) effective as of1 January 2019.Amendments to IFRS 9Prepayment Features with Negative CompensationIFRS 16LeasesAmendments to IAS 19Plan Amendment, Curtailment or SettlementAmendments to IAS 28Long-term Interests in Associates and Joint VenturesIFRIC-Int 23Uncertainty over Income Tax TreatmentsAnnual Improvements 2015-2017 CycleAmendments to IFRS 3, IFRS 11, IAS 12 and IAS 23Other than as explained below regarding the impact of IFRS 16 Leases, the new and revised standards are not relevant to thepreparation of the Group’s interim condensed consolidated financial information. The nature and impact of the new and revisedIFRS are described below:IFRS 16 replaces IAS 17 Leases, IFRIC-Int 4 Determining whether an Arrangement contains a Lease, SIC-Int 15 OperatingLeases — Incentives and SIC-Int 27 Evaluating the Substance of Transactions Involving the Legal Form of a Lease. The standardsets out the principles for the recognition, measurement, presentation and disclosure of leases and requires lessees to accountfor most leases under a single on-balance sheet model. Lessor accounting under IFRS 16 is substantially unchanged from IAS17. Lessors will continue to classify leases as either operating or finance leases using similar principles as in IAS 17. Therefore,IFRS 16 did not have any financial impact on leases where the Group is the lessor.The Group adopted IFRS 16 using the modified retrospective method of adoption with the date of initial application of 1 January2019. Under this method, the standard is applied retrospectively with the cumulative effect of initial adoption as an adjustmentto the opening balance of retained earnings at 1 January 2019, and the comparative information for 2018 was not restated andcontinues to be reported under IAS 17.New definition of a leaseUnder IFRS 16, a contract is, or contains a lease if the contract conveys a right to control the use of an identified asset for aperiod of time in exchange for consideration. Control is conveyed where the customer has both the right to obtain substantially allof the economic benefits from use of the identified asset and the right to direct the use of the identified asset. The Group electedto use the transition practical expedient al

China Eastern Airlines Corporation Limited . Freight tonne-kilometres yield means the ratio of the sum of freight transportation and related revenue to freight traffic volume . (which were reviewed and approved by the Board and the Audit and Risk Management Committee on 30 August 2019), with comparative figures for the corresponding period .