Contents

Contents I. Letter to 1 II. Company 13 III. Corporate Governance 18 19 Directors, Supervisors and Management 22 Remuneration of Directors, Supervisors, President, and Vice 40 Implementation of Corporate 48 Information Regarding the Company s Audit Fee and 84 Changes in Shareholding of Directors, Supervisors, Managers and Major 85 Relationship Among the Top Ten 89 Ownership of Shares in Affiliated 92 IV. Capital 93 Capital and 93 Corporate 98 Preferred 101 Global Depository Receipts .. 101 Employee Stock 101 Employee Restricted 101 Status of New Shares Issuance in Connection with Mergers and 101 Financing Plans and 101 V. Operational 102 Business 102 Market and Sales 113 Human 120 Environmental Protection 120 Labor 120 Important 121 Contents VI. Financial 125 Five-Year Financial 125 Five-Year Financial 133 Supervisors Report for the Most Recent 137 Consolidated Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors 137 The Parent-Company-Only Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors 137 VII.

I. Letter to Shareholders Dear Shareholders, Since its establishment 28 years ago, EVA has sustained the enterprise’s spirit of “Challenge, Innovation, Teamwork”, and carried out a strict flight safety management and

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