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China Southern Airlines clarifies possible ‘major strategic cooperation’ news

China Southern Airlines clarifies possible ‘major strategic cooperation’ news

China Southern Airlines Company Limited has noted from recent media coverage which reported that, inter alia, the Company is in discussion with a third party on the strategic cooperation. In response to the News, the Company, having made due enquiries, wishes to clarify as follows:

As at the date of this press release, the Company is in the negotiation of a possible major strategic cooperation (“Possible Transaction”) with a third party.

The Company wishes to emphasize that the Possible Transaction is subject to internal approvals by the board of directors and shareholders (if applicable) of each party, the approvals by the relevant governmental authorities (if applicable), and the entering into of certain final legally binding documents by the relevant parties thereto and the terms thereof.

As of the date of this press release, the Company does not have any binding arrangement or definitive agreement in relation to the Possible Transaction. The Possible Transaction may or may not proceed.

The Company will fulfill its obligations of information disclosure in a timely manner and will make further announcement under the applicable laws and regulations as and when necessary. Shareholders and potential investors of the Company are reminded to exercise caution when dealing in the securities of the Company.

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