09:32     CHINA EAST AIR<00670> - Announcement                                

    The Stock Exchange of Hong Kong Limited takes no responsibility for       
    the contents of this announcement, makes no representation as to          
    its accuracy or completeness and expressly disclaims any liability        
    whatsoever for any loss howsoever arising from or in reliance upon        
    the whole or any part of the contents of this announcement.               
                                                                              
                                                                              
    CHINA EASTERN AIRLINES CORPORATION LIMITED                                
     (A joint stock limited company incorporated in the People's              
    Republic of China with limited liability)                                 
    (Stock code: 670)                                                         
                                                                              
    WAIVER FROM COMPLIANCE WITH RULE 3.24                                     
    OF LISTING RULES                                                          
                                                                              
    The Company has applied for, and the Stock Exchange has granted to        
    the Company, a conditional waiver from strict compliance with Rule        
    3.24 of the Listing Rules for a period of 3 years from 28 January         
    2005.                                                                     
                                                                              
    Pursuant to Rule 3.24 of the Rules Governing the Listing of               
    Securities on The Stock Exchange of Hong Kong Limited (the "Listing       
    Rules"), China Eastern Airlines Corporation Limited (the "Company")       
    must employ a qualified accountant (the "Qualified Accountant") on        
    a full-time basis who, among other things, must be a qualified            
    accountant and a fellow or associate member of the Hong Kong              
    Institute of Certified Public Accountants ("HKICPA") (previously          
    known as the Hong Kong Society of Accountants) or a similar body of       
    accountants recognised by HKICPA for the purpose of granting              
    exemptions from the examination requirement for membership of             
    HKICPA.                                                                   
                                                                              
    The Company has applied for, and The Stock Exchange of Hong Kong          
    Limited (the "Stock Exchange") has granted, a conditional waiver          
    from strict compliance with Rule 3.24 of the Listing Rules for a          
    period of 3 years commencing on 28 January 2005.                          
                                                                              
    The waiver is subject to the following conditions:                        
                                                                              
    1.      the Company's Chief Financial Officer Mr. Luo Weide ("Mr.         
    Luo"), being a member of the senior management of the Company, is         
    able to meet all the requirements set out in Rule 3.24 of the             
    Listing Rules, save for being a fellow or associate member of             
    HKICPA or a similar body of accountants recognised by HKICPA for          
    the purpose of granting exemptions from the examination requirement       
    for membership of HKICPA; and                                             
                                                                              
    2.      the Company has in place arrangement(s) providing Mr. Luo with    
    access to an assistant, who is an associate member of HKICPA, to          
    provide assistance to Mr. Luo in the discharge of his duties as the       
    Qualified Accountant during the waiver period.                            
                                                                              
    The waiver will cease (i) on 26 January 2008 or (ii) when the             
    Company fails to fulfill any of the above waiver conditions,              
    whichever is the earlier.                                                 
                                                                              
    If the Company fails to fulfill any of the waiver conditions, the         
    Company will immediately inform the Stock Exchange and take               
    remedial steps to comply with Rule 3.24 of the Listing Rules.             
                                                                              
                                                                              
                                                                              
    By order of the board of the directors of                                 
    CHINA EASTERN AIRLINES                                                    
    CORPORATION LIMITED                                                       
    Luo Zhuping                                                               
    Director and Company Secretary                                            
                                                                              
    The Company's directors as at the date of this announcement are:          
                                                                              
    Li Fenghua (Chairman, Executive Director)                                 
    Ye Yigan (Non-executive Director)                                         
    Cao Jianxiong (Non-executive Director)                                    
    Wan Mingwu (Vice President, Executive Director)                           
    Zhong Xiong (Non-executive Director)                                      
    Luo Zhuping (Executive Director)                                          
    Hu Honggao (Independent Non-executive Director)                           
    Peter Lok (Independent Non-executive Director)                            
    Wu Baiwang (Independent Non-executive Director)                           
    Zhou Ruijin (Independent Non-executive Director)                          
    Xie Rong (Independent Non-executive Director)                             
                                                                              
    Shanghai, the People's Republic of China                                  
    1 February 2005