**Exhibit 4.31**

 

**Equity Transfer Agreement**

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**between**

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**Hebei Airlines Investment Group Co., Ltd.**

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**and**

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**Xiamen Airlines Co., Ltd.**

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**July 2014, Shijiazhuang, China**

 

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Equity Transfer Agreement

 

This Equity Transfer Agreement (the “Agreement”)is made in Shijiazhuang, Hebei Province, the People's Republic of China (the “PRC” or “China”), by andbetween

 

Equity Transferor (“Party A”):Hebei Airlines Investment Group Company Limited

Domicile: World Trade Plaza Hotel, 303 ZhongshanEast Road, Shijiazhuang

Legal Representative: Jiao Guangyin

 

and

 

Equity Transferee (“Party B”):Xiamen Airlines Company Limited

Domicile: 22 Dailiao Road, Xiamen

Legal Representative: Che Shanglun

 

Whereas:

 

1. Hebei Airlines CompanyLimited (hereinafter referred to as the “Target Company”) is a limited liability company duly incorporated and validlysubsisting under the PRC laws. As of the signing date hereof, the registered capital and the paid-in capital of the Target Companyare RMB 1.8 billion.

 

2. As of the signing datehereof, Party A is the lawful shareholder of the Target Company, has actually made contribution of RMB 1.71720 billion, now holds95.4% of equity in the Target Company, and is exclusively entitled to the capital reserve of RMB 820 million. Party A is willingto transfer the 95.4% equity it holds and all equity interests it owns in the Target Company to Party B, and Party B is willingto accept the same, according to the terms and conditions hereof.

 

Pursuant to the*ContractLaw of the People’s Republic of China*, the *Enterprise State-owned Assets Law*, the *Interim Measures for theManagement of the Transfer of the State-owned Property Right of Enterprises*, and other relevant laws, regulations and rules,and in the spirit of equity, mutual benefit and good faith, Party A and Party B arrive at the following agreement in connectionwith transfer of equity in the Target Company, terms and conditions of which the two Parties shall jointly comply with.

 

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Article 1 Definitions andInterpretation

 

Unless otherwise agreedherein, the following terms shall have the following meanings:

 

1.1 “Subject Equity”refers to the 95.4% of equity in the Target Company held by Party A (actual contribution of RMB 1.71720 billion) and all underlyingequity interests (including all of Party A’s interests in the capital reserve of RMB 820 million as represented in the balancesheet of the Target Company);

 

1.2 “Pricing BaseDate/ Audit Base Date/ Evaluation Base Date” refers to the base date when the two Parties jointly appoint a qualified intermediaryfor audit, evaluation and issuance of report, i.e. 30 April 2014;

 

1.3 “Equity DeliveryDate/ Equity Transfer Completion Date” refers to the date when the Parties complete the change registration formalities fortransfer of the Subject Equity with the industrial and commercial administrative department;

 

1.4 “Approving Authority”refers to the People’s Government of Hebei Province, the Civil Aviation Administration of China (CAAC) and any of its localadministrative bureaus, the State-owned Assets Supervision and Administration Commission of Hebei Province, Hebei Administrationfor Industry and Commerce, China Southern Airlines Group Corporation, China Southern Airlines Company Limited or any other appropriateauthority or its authorized body having the power of approval under applicable laws and regulations;

 

1.5 “Equity TransferTransition Period” refers to the period from the Pricing Base Date to the Equity Delivery Date;

 

1.6 “*Auditor’sReport*” refers to the *Auditor’s Report* (TJXS [2014] No.495) issued by Xiamen Branch of Pan-China CertifiedPublic Accountants after auditing the assets and liabilities of the Target Company as of 30 April 2014;

 

1.7 “*EvaluationReport*” refers to the *Evaluation Report concerning Proposed Acquisition by Xiamen Airlines Company Limited of Equityheld by Hebei Airlines Investment Group Company Limited in Hebei Airlines Co., Ltd.* (ZQHPBZ (2014) No.1172) issued by ChinaEnterprise Appraisals Company, Inc. after evaluating the assets and liabilities of the Target Company on 30 April 2014;

 

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1.8 “Agreement”refers to this Agreement and all annexes hereto confirmed by the two Parties.

 

Article 2 Basic Informationof Target Company

 

2.1 Name of Company: HebeiAirlines Co., Ltd.

 

2.2 Domicile: World TradePlaza Hotel, 303 Zhongshan East Road, Shijiazhuang

 

2.3 Legal Representative:Mou Jianyong

 

2.4 Registered Capital:RMB 1.8 billion

 

2.5 Paid-in capital: RMB1.8 billion

 

2.6 Type of Company: Limitedliability company

 

2.7 Business scope: domesticair passenger and cargo transportation business (the operating period expires on 21 October 2016); operation and management ofdedicated roads for airports; advertising design, production, agency and publishing; lease of aviation supplies, tools and equipment;sale of aviation supplies (except items that are prohibited or restricted by laws, regulations and State Council's decrees); andimport and export of goods and technology (except items prohibited internationally or subject to approval).

 

2.8 Information about shareholders:1 Party A holds 95.4% of shares in the Target Company; 2 Sichuan Airlines Group Co., Ltd. holds 3.83% of shares inthe Target Company; 3 Shenyang Zhongrui Investment Co., Ltd. holds 0.77% of shares in the Target Company.

 

Article 3 Equity Transfer,Transfer Price and Payment Terms

 

3.1 Party A agrees to transferthe Subject Equity it holds in the Target Company to Party B, and Party B agrees to accept the Subject Equity, according to theterms and conditions hereof.

 

3.2 According to the *EvaluationReport concerning Proposed Acquisition by Xiamen Airlines Company Limited of Equity held by Hebei Airlines Investment Group CompanyLimited in Hebei Airlines Co., Ltd.* (ZQHPBZ (2014) No.1172) issued by China Enterprise Appraisals Company, Inc., the valueof all equity interests of Hebei Airlines is RMB 830 million. Based on this evaluation result, the two Parties agree that the transferprice of the Subject Equity is RMB 680 million, subject to approval by the People’s Government of Hebei Province. Party Bagrees to pay off the transfer price in full within 5 workdays after this Agreement becomes effective.

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Article 4 Delivery of SubjectEquity

 

4.1 Party A and Party Bshall cooperate with the Target Company in applying to the CAAC or its local administrative bureau for restructuring approval inconnection with this equity transfer, and shall cause the Target Company to apply for relevant change registration (e.g. *BusinessLicense* change registration) within 7 workdays after effective date hereof.

 

4.2 Party A and Party Bshall cause the Target Company to submit all documents required for equity change registration to the industrial and commercialadministrative department, and go through the equity change registration formalities within 7 workdays after obtaining the Permitfor Business License Change of Public Air Transport Enterprises.

 

4.3 Party A and Party Bshall cooperate with each other to sign the legal instruments required for equity transfer approval and change registration.

 

Article 5 Assets and Liabilitiesof Target Company

 

5.1 Party A confirms thatthe financial and accounting books of the Target Company are prepared according to the applicable PRC accounting standards, codesand conventions, and are complete, true and valid.

 

5.2 Party A conforms thatthe financial and accounting books of the Target Company have given true views on the assets, liabilities, and the financial andoperating position of the Target Company as of the Pricing Base Date.

 

5.3 Party A confirms thatthe assets as set out and disclosed in the*Auditor’s Report*and the *Evaluation Report* are owned by the TargetCompany legally, and are true, complete and valid. Party A further acknowledges that:

 

5.3.1 The major assets inpossession of the Target Company (excluding the pending assets) are in good and safe conditions in all significant aspects (exceptreasonable wear and tear), and are maintained properly on a regular basis.

 

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5.3.2 The value of the importantassets required for the Target Company to engage in normal operating activities has been fully reflected on the account books ofthe Target Company, and the Target Company is in a position to lawfully own, manage or control such important assets.

 

5.4 The Target Company shallcontinue exercising and fulfilling its creditors’ rights and obligations as recorded and disclosed in the *Auditor’sReport*and the *Evaluation Report*. Party A shall be liable for any and all losses caused to the Target Company and PartyB by the creditors’ rights, obligations and contingent liabilities that the Target Company has incurred prior to the PricingBase Date but has not recorded and disclosed in the *Auditor’s Report* and the *Evaluation Report*. Party A shallnotify or obtain consent from the creditors, and the Target Company shall offer cooperation. In case of any losses caused to theTarget Company and Party B thereby, Party A shall be liable for indemnity in proportion to the shares held prior to this transfer.

 

5.5 The Target Company shallcontinue fulfilling the contracts that have been signed by the Target Company and confirmed by the two Parties in writing. In caseof any losses caused to the Target Company and Party B by fulfillment of contracts not confirmed by the two Parties in writing,Party A shall be liable for indemnity in proportion to the shares held prior to transfer. Party A further acknowledges that:

 

5.5.1 The Target Companyhas complied with all contracts, agreements, commitments and all contractual obligations. If the Target Company is held liableafter the Pricing Base Date for breach of any contracts, agreements, commitments or any contractual obligations prior to the PricingBase Date, Party A shall be liable for such breach in proportion to shares held prior to this transfer.

 

5.5.2 No agreements concludedby the Target Company are deemed as invalid, or are terminated, cancelled or abolished or become invalid without reasonable grounds.If any agreements concluded by the Target Company are deemed as invalid, or are terminated, cancelled or abolished or become invaliddue to the behaviors of the Target Company prior to the Pricing Base Date, thus causing losses to the Target Company after thePricing Base Date, then Party A shall be liable for such losses in proportion to the shares held prior to this transfer.

 

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5.6 In case of any contractsthat have been signed in the name of Party A but actually performed by the Target Company, upon mutual consent of Party A and PartyB, the Target Company shall continue fulfilling such contracts after Party A has obtained approval from the counterparty theretoand the two Parties have signed with that counterparty all necessary legal instruments for transfer of rights and obligations undersuch contracts.

 

5.7 Except as disclosedby Party A to Party B in writing before execution of this Agreement, Party A and its affiliates have not signed with the TargetCompany any written related party transaction contracts that are being fulfilled.

 

Article 6 Admission andArrangement of Staff of Target Company

 

6.1 The Parties hereto acknowledgethat staff of the Target Company involved in this equity transfer will be arranged by the Target Company in the “asset-oriented”principle.

 

6.1.1 For staff employedby, and having signed labor contracts with, the Target Company according to labor laws and regulations, their employment with theTarget Company will continue as agreed in the labor contracts.

 

6.1.2 Dispatched staff shallbe subject to the labor dispatching agreement signed by the Target Company with the labor dispatching agency.

 

6.1.3 Staff who is reemployedafter retirement shall be subject to the *Labor Agreement for Reemployment of Retired Staff* as included in the *List ofPending Contract* and confirmed by the two Parties in writing.

 

6.2 Party A acknowledgesthat the existing staff of the Target Company does not have any issues concerning transformation of identity, and that the TargetCompany has convened the employee representative congress to adopt this restructuring.

 

6.3 If, in the future, theTarget Company has to pay economic compensations for termination of labor contracts with staff enrolled prior to the signing datehereof and retained after completion of this equity transfer, the Target Company shall make payment according to the labor lawsand regulations.

 

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6.4 Party A shall make arrangementfor persons borrowed from or assigned by Party A, its affiliates or other companies prior to execution of this Agreement to workfor the Target Company whether on full-time or part-time basis who have not signed any labor contract or employment agreement withthe Target Company. However, any such person shall have the option to sign a labor contract/ employment contract with the TargetCompany if consent is given by Party B and the Target Company, provided that Party A shall be responsible for the costs and expensesincurred by any such person's termination of contract relationship/ employment relationship with his/her former employer.

 

6.5 Except as agreed inthe foregoing paragraphs, the two Parties shall consult with each other on the arrangement of the 23 senior executives (includingassistant chief engineers and above) of the Target Company.

 

6.6 Party A undertakes thatthe Target Company has paid social insurance and housing provident fund for the insured staff in full, on time and according tonational and local regulations and standards. However, as Party A is the registered payer of said social insurance and housingprovident fund at the time of execution of this Agreement, Party A agrees to assist the Target Company to change the registeredpayer into the Target Company not later than one month after the Equity Delivery Date. Wherever needed, Party A shall assist staffof the Target Company in demonstrating their entitlement to social insurance and housing provident fund.

 

6.7 Party A acknowledgesthat as of the signing date hereof, the Target Company has not gotten involved in any pending labor dispute lawsuits or arbitrations.Party A agrees that any labor disputes between the Target Company and its staff that have entered into the labor arbitration/ lawsuitproceedings prior to the Equity Delivery Date shall be settled by the Target Company; in case of any losses caused to the TargetCompany, Party A shall be liable for indemnity in proportion to shares held prior to this equity transfer.

 

Article 7 Tax Payment ofTarget Company

 

7.1 Party A undertakes thatas of the Pricing Base Date, the Target Company has paid all applicable taxes and expenses in full, on time and according to taxlaws and regulations. Party A further acknowledges that as of the signing date hereof, the Target Company has not received anywritten notices from any tax authorities related to penalty or overdue fine for certain tax or expense.

 

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7.2 Party A undertakes toindemnify and hold harmless the Target Company from and against all losses and damages (including but not limited to back taxes,overdue fines and penalties) suffered or incurred by the Target Company after the Pricing Base Date resulting from its failureto pay or withhold in full and on time any taxes payable or due prior to the Pricing Base Date, or resulting from the revocationof tax preferences granted to the Target Company prior to the Pricing Base Date.

 

Article 8 Intellectual PropertyRights of Target Company

 

8.1 The Target Company lawfullyowns the Registered Trademarks No. 10148664 and 10148665 without any limitations, and has obtained the Registration Certificatesfor such Trademarks.

 

8.2 Party A undertakes thatexcept Party A and its subsidiaries, the Target Company has not arrived at any agreements, arrangements or undertakings that allowor permit a third party to use or utilize the Registered Trademarks owned by the Target Company, or such agreements, arrangementsor undertakings that limit or hinder the Target Company to use or utilize the Registered Trademarks.

 

8.3 Application by the TargetCompany to the State Administration for Industry and Commerce (SAIC) for registering of “Individual Graphic” TrademarkNo. 10150472 has been rejected because this Trademark is similar to the Graphic Trademark No. 5765436 and other several trademarksthat have been registered by others. The Target Company has appointed a trademark agency to apply to the SAIC for reconsideration.After completion of this equity transfer, Party A shall assist the Target Company to finish such trademark registration application.The expenses incurred after the Equity Delivery Date shall be borne by the Target Company.

 

8.4 Party B agrees thatParty A and its subsidiaries may use the Registered Trademarks No. 10148664, 10148665 and 10150472 free of charge before 31 December2015. The two Parties shall cause a trademark license agreement, specifying, inter alia, the period and scope of licensed use ofthe trademarks, to be executed between the Target Company and Party A (including its subsidiaries) and submitted to the TrademarkOffice for filing. The aforesaid Registered Trademarks shall be used by Party A and its subsidiaries in strict accordance withthe *Trademark Law*, and shall not be used in any businesses which are the same as or otherwise substantially similar to thoseoffered by the Target Company.

 

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8.5 Without consent of theTarget Company, Party A and its subsidies shall not use the aforesaid Registered Trademarks after 31 December 2015, and shall,at its own expense, remove the aforesaid Registered Trademarks logos from, including but not limited to, the business premises,relevant assets, websites, and promotional materials.

 

8.6 As of the signing datehereof, the operating activities of the Target Company have not infringed any industrial or intellectual property rights of anythird parties.

 

Article 9 Arrangement forEquity Transfer Transition Period

 

9.1 According to the *EquityTransfer Transition Period Cooperation Agreement* signed by Party A and Party B on 23 April 2014, the two Parties are obligatedto manage the Target Company and its assets in good faith during the Equity Transfer Transition Period. The two Parties shall takeall reasonable measures to guarantee and promote normal operation of the Target Company, ensure the safety and intactness of assetsof the Target Company, maintain good relationship with government agencies, clients and employees, maintain the stability of aircrews, and refrain from reducing assets or increasing liabilities of the Target Company maliciously, engaging in any abnormal transactionsor incurring any abnormal debts. In case of any significant adverse influence, either Party shall inform the other Party promptlyand take proper actions.

 

9.2 During the EquityTransfer Transition Period, the following matters related to the Target Company shall be jointly decided by the Parties throughconsultation: acquisition, sale or replacement of important assets, or foreign investment, cooperation, merger or provision ofguarantee with the assets of the Target Company, or significant investment, foreign financing, related party transactions and significantforeign financing loans, significant financial expenditures, significant contract conclusion, and asset impairment provision write-offand calculation.

 

9.3 Party A guarantees thatall seals, licenses, financial materials, operation and management materials, property files, contract documents and other importantoperating materials of the Target Company will be kept in the Target Company, and undertakes to assist Party B to take over allmaterials of the Target Company in a step-by-step manner during the Equity Transfer Transition Period.

 

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9.4 It is agreed that PartyB shall bear the gains and losses of the Target Company during the period from the Pricing Base Date to the Equity Delivery Date,and that the Target Company is entitled to the government subsidies attributable to the Target Company after the Pricing Base Date.

 

Article 10 Representationsand Warranties of Party A

 

10.1 Party A is a limitedliability company that is duly incorporated and validly subsisting, and has the legal, valid and complete right to dispose of theSubject Equity hereunder.

 

10.2 Party A warrants thatthe transferred Subject Equity is Party A’s real contributions to the Target Company, and is lawfully owned by Party A. TheSubject Equity is not frozen or auctioned by the people’s court, and is free from any mortgage, pledge, guarantee or otherdefects that may affect the interests of the Transferee. Furthermore, prior to delivery of the Subject Equity, Party A shall nottransfer, present, mortgage, pledge or otherwise dispose of the Subject Equity in such way that may affect the interests of theTransferee.

 

10.3 Party A’s fulfillmentof this Agreement will not constitute breach of any contracts, unilateral commitments or guarantees it has made with third parties.

 

10.4 Party A warrants thatall information related to the Target Company and the Subject Equity has been fully disclosed to Party B, and that all certificates,documents and materials related to the Target Company and the Subject Equity provided by Party A to Party B, as well as all representationsand warranties made by Party A hereunder are true, accurate and complete, and free from any omissions that may mislead Party B.

 

10.5 Party A undertakesthat there are no pending, outstanding or otherwise threatened lawsuits, arbitration or administrative punishment proceedings relatedto the Target Company or the Subject Equity.

 

10.6 Party A agrees to assistParty B and/or the Target Company to apply to Hebei Provincial Government for maintaining or increasing all government subsidiesand preferential policies granted to the Target Company.

 

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Article 11 Representationsand Warranties of Party B

 

11.1 Party B is a limitedliability company that is duly incorporated and validly subsisting, and has such rights, powers and capacity under all laws andregulations to conclude and execute this Agreement. Party B warrants not invalidating this Agreement for its own reasons.

 

11.2 All representationsand warranties made and all materials provided by Party B hereunder are true, complete and accurate, and free from any omissionsthat may mislead Party A.

 

11.3 Party B warrants tomaintain the name of the Target Company and its independent legal personality unchanged after completion of the Subject Equitydelivery.

 

11.4 Party B warrants toaccept the Subject Equity and fulfill all obligations hereunder strictly according to this Agreement.

 

Article 12 Taxes and Expenses

 

12.1 All costs and expenses(including handling charges and taxes, etc.) incurred by this equity transfer shall be borne by Party A and Party B respectivelyas required by law.

 

12.2 The industrial andcommercial registration expenses related to the Subject Equity transfer shall be borne by the Target Company.

 

12.3 If the industrial andcommercial change registration formalities cannot be finished through no fault of any Party hereto, any evaluation expenses soincurred shall be shared between the two Parties equally.

 

Article 13 Amendment andTermination of this Agreement

 

13.1 Prior to the equitytransfer change registration, the two Parties may, by mutual agreement, amend or terminate this Agreement on the occurrence ofany of the following events:

 

13.1.1 This Agreement cannotbe fulfilled due to force majeure, government acts or external factors not attributable to and not controllable by either Party.

 

13.1.2 Either Party losesthe contractual capacity.

 

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13.1.3 The breach by a Partyof this Agreement has materially affected the economic benefits of the non-breaching Party, and makes it unnecessary to continuethe performance of this Agreement.

 

13.2 The two Parties mayalso, by mutual agreement, amend or terminate this Agreement if circumstances change.

 

13.3 During the performanceof this Agreement, where this equity transfer is revoked, announced invalid or ordered to be stopped by the competent authoritieslawfully for reasons not attributable to Party A and Party B, then this Agreement shall be terminated, and the two Parties shallbe exempted from the liability for breach of contract.

 

Article 14 ConfidentialityObligation

 

14.1 For the purpose ofthis Agreement, the following information shall be regarded as Confidential Information:

 

(1) All materials and informationrelated to the Subject Equity transfer, whether in writing or in other forms, including but not limited to information of eachParty and the equity transfer conditions, etc.

 

(2) Any business, technicaland commercial materials and information of either Party that are disclosed to the other Party or generated during the SubjectEquity transfer process, whether in writing or in other forms.

 

14.2 The Confidential Informationhereunder shall not include information which is:

 

(1) already in the publicdomain, except information that is disclosed by or on behalf of either Party in violation of this Agreement;

 

(2) collected or obtainedby a Party from independent sources other than the other Party, whether directly or indirectly, and other than a third party subjectto confidentiality obligation.

 

14.3 The two Parties heretoshall limit access to the Confidential Information to those shareholders, directors, employees, legal consultants and financialconsultants (“Representatives”) who have a need to know for the purpose of Subject Equity transfer. Without writtenconsent of the other Party, neither Party shall make available or disclose to any third parties or otherwise use any such ConfidentialInformation. The two Parties shall also cause their own Representatives to refrain from making available or disclosing to any thirdparties or otherwise using the same. This shall not apply to disclosure required to be made under applicable laws and regulations.

 

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Article 15 Liability forBreach of Contract

 

15.1 Any of the followingcircumstances shall constitute a breach by the Party of this Agreement:

 

(1) A Party violates anyprovisions hereof;

 

(2) A Party violates anyof its representations, warranties or commitments made herein, or any representations, warranties or commitments made by the Partyherein are identified materially false, grossly wrong or misleading;

 

15.2 Party A and Party Bshall always ensure timely and proper performance of this Agreement. If a Party breaches this Agreement and causes losses to theother Party, then the non-breaching Party shall have the right to claim compensation from the breaching Party for all losses incurredthereby (including but not limited to travel expenses, arbitration fees/ legal costs, attorney fees and notarization fees incurredby the non-breaching Party during such compensation claim) in accordance with this Agreement and/or laws, without prejudice toother rights and remedies available to the non-breaching Party under applicable laws.

 

Article 16 Governing Lawand Dispute Resolution

 

16.1 The execution, validity,interpretation, performance and fulfillment of this Agreement, as well as the resolution of disputes in connection herewith shallbe governed by the PRC laws.

 

16.2 Any disputes arisingfrom or in connection with this Agreement shall be submitted to the China International Economic and Trade Arbitration Commission(CIETAC) for arbitration in accordance with the Arbitration Rules of CIETAC in force and effect at the time of application forarbitration. The arbitral award shall be final and binding upon the two Parties.

 

Article 17 Establishmentand Effectiveness of this Agreement

 

This Agreement shall beestablished upon signature and seal by the authorized representatives of the two Parties, and shall become effective upon approvalby appropriate Approving Authorities and a written notice thereof duly delivered to both Parties.

 

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Article 18 Other Matters

 

18.1 The descriptive headingsused in this Agreement are included for convenience of reference only, and shall not affect in any way the meaning or interpretationof this Agreement.

 

18.2 Where this Agreementis inconsistent with the *Equity Transfer Transition Period Cooperation Agreement* by and between Party A and Party B dated23 April 2014, this Agreement shall prevail.

 

18.3 If any provisions hereofbecome invalid for whatever reasons, such invalidity shall not affect the validity of remaining provisions hereof, and the Partiesshall continue fulfilling the remaining provisions hereof.

 

18.4 For any matter notcovered herein, the two Parties shall enter into good-faith consultation and sign a supplementary agreement thereof, which shallbecome an integral part of this Agreement and shall have the same legal effect as this Agreement.

 

18.5 This Agreement shallbe executed in ten identical counterparts, of which each Party holds two counterparts, with the rest six counterparts used forthe purposes of applying for approval, change of registration and filing of the Target Company. All of such counterparts shallconstitute one and the same instrument and shall have equal legal effect.

 

Annex: List of Pending Contract of Hebei AirlinesCo., Ltd. as of 30 April 2014

 

(The remainder of this pageis intentionally left blank.)

 

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(This is the signature page for the transferof equity in Hebei Airlines Co., Ltd. between Hebei Airlines Investment Group Company Limited and Xiamen Airlines Company Limited)

 

Equity Transferor (Party A): Hebei AirlinesInvestment Group Company Limited

 

Representative:

 

Date of Signing: DD MM YYYY

  

Equity Transferee (Party B): Xiamen AirlinesCompany Limited

 

Representative:

 

Date of Signing: DD MM YYYY