Investor Presentaiton

Composition of Op. Expenses - Cl Handling Personnel Rental&Depreciation Maintenance 12.1% 16.5% 22.5% 19.1% Airport&Ground 2020H1 Fuel 21.8% 2.1% Others 3.5% Sales&General Adm. Pax Service 2.4% 2019H1 Fuel 30.5% Airport&Ground Handling 13.5% Personnel 13.8% Rental&Depreciation 16.8% Maintenance 13.4% Others 3.7% 4.3% 4.0% Pax Service Sales&General Adm. Fuel cost accounted for 21.8% of operating expenses due to COVID-19 pandemic in 2020H1. CHINA AIRLINES 8

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