Full Year Financial Results 2020

Air Cargo Market Demand Persists . Pre-pandemic Around 50% ~80% cargo worldwide used to be transported by passenger aircraft based on IATA's estimations. • During the COVID-19 crisis CAL adjusting some of the passenger aircraft and putting them to use in freight transportation. Freighter Preighter Passenger >TTL FLTS FLTS (sector) 100% 8,000 7,000 80% - 6,000 5,000 60% 4,000 40% 3,000 2,000 20% 1,000 0% 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 2020 2021 CHINA AIRLINES 24 24

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