Hong Kong – 21 July 2016 - China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK), the largest independent aircraft operating lessor in China, is pleased to announce the appointment of Mr. Chow Kwong Fai, Edward, J.P. as an Independent Non-Executive Director with effect from 19 July 2016.

Mr. Chow is a fellow member of The Institute of Chartered Accountants in England and Wales (“ICAEW”) and chairman of its Hong Kong Chapter. He served on the Council of ICAEW for six years from 2000 to June 2016 and chaired its Commercial Board. He is a past president of the Hong Kong Institute of Certified Public Accountants and chaired its Corporate Governance Committee and Professional Accountants in Business Committee. He also served as a Deputy Chairman of The Hong Kong Institute of Directors, of which he is a fellow member, chaired the Professional Accountants in Business Committee of the International Federation of Accountants and served as an expert advisor of the Accounting Standards Committee of the Ministry of Finance in China.

Mr. Chow is currently a core member of the OECD/World Bank Asian Corporate Governance Roundtable, the Chairman of China Infrastructure Group, an advisor of the Business and Professionals Federation of Hong Kong, a Standing Committee member and a convenor of the Eleventh Zhejiang Province Committee of the Chinese People’s Political Consultative Conference, a member of the Election Committee of the Hong Kong Special Administrative Region, a non-executive director of the Urban Renewal Authority, a member of Council and Court of The University of Hong Kong.

Mr. Chow is also an independent non-executive director of Wing Lung Bank Limited, Redco Properties Group Limited (SEHK stock code: 1622) and Melco International Development Limited (SEHK stock code: 200). Mr. Chow was previously the chairman of CIG Yangtze Ports PLC and an independent non-executive director of COSCO Pacific Limited and China Merchants Bank Co., Ltd.

Prior to entering the commercial sector, Mr. Chow spent 11 years working for two major accounting firms, Deloitte Haskins & Sells and Price Waterhouse respectively in London and Hong Kong.