Land Lease Contract



Date: __________

In accordance with the legal and
regulatory requirements under the "Law of Land Administration of the People’s Republic of China” , this contract
regarding land leasing was entered between China Southern Air Holding Company and China Southern Airlines Company Limited on the
basis of equality, voluntariness and consideration through friendly negotiation.



Chapter 1
General Provisions



Article 1 Parties of this contract:

Lessor: China
Southern Air Holding Company (hereafter named “Party A” )

Legal address:
Guangzhou Baiyun International Airport

Postal code:
510406

Lessee: China
Southern Airlines Company Limited (hereafter named “Party B” )

Legal address:
Guangzhou Baiyun International Airport

Postal code:
510406



Article 2 Party A leases the land
use right to Party B pursuant hereto. The ownership of the land covered shall be People’s Republic of China, and the land
use rights thereof belong to Party A. Any underground resources, buried property and public utilities shall not be covered under
the land use right granted hereunder.



Article 3 The legal rights of the
use of land within the land use rights leased by Party B pursuant hereto and operating activities thereof are protected by the
law of the State.



Chapter 2
Size, Term and Usage of the Leased Land



Article 4 Party A leases the land
use right to Party B (see Appendix I for detailed description of the land). Transaction price was determined on a fair and reasonable
basis and based on fair market rate, and will be no higher than the price and charging standard offered by other independent third
parties.



Article 5 The land leased pursuant
hereto shall be used for air transportation and auxiliary service facilities and welfare benefits. Any changes to the land usage
as stipulated herein within the lease term shall be subject to approval of Party A.



Article 6 The term of the land use
rights leased hereunder shall be 3 years effective from 1 January 2011.



Chapter 3
Rental Payments



Article 7 Party B agrees to pay
Party A an annual rental of RMB 56,329,131.00, in 2 installments each year.



Article 8 Party B shall remit the
rental payment to the bank account of Party A on or before the respective required payment date. Upon receipt of payment, Party
A shall issue a receipt of the respective amount. Should there be any changes to the bank account, Party A shall notify Party
B in written form within 10 days after such changes. Party B shall not be liable for any delay in payment(s) arising from late
payment(s) due to failure to give timely notice.



Article 9 Should there be any laws,
regulations or administrative orders requiring to contribute, fully or partially, the rental payments received by Party A from
Party B, Party A shall be liable to comply such laws, regulations or administrative orders. In the event of any loss(es) in Party
B arising from violation of Party A of the forementioned requirements, Party A shall fully compensate Party B on such loss(es).











Chapter 4
Agreed Terms



Article 10 So
far as Party A is entitled to the land use rights of the land and there is no breaches by Party B on the obligations hereunder,
Party A shall be obligated to lease such land use rights to Party B.



Article 11 Party A agrees that land
leased by Party B can be used by Party B and its wholly-owned subsidiaries and investment companies within the scope of usage
as stipulated by this contract.



Article 12 Given the historical
reason for the land, should Party A be unable to continue fulfilling its obligation hereunder due to special causes such as government
orders or urban planning, Party A may elect an early termination or amendment of this contract to fully or partially resume the
land leased hereunder, subject to an obligation of Party A to compensate Party B on the properties on the resumed land and the
direct financial loss(es) of Party B arising from redemption of the land on termination of this contract according to relevant
requirements of the Government.



Article 13 Any change of the lease
type stipulated herein to transference by Party B during the lease term shall be subject to prior approval of Party A and in such
case, procedures and amendments in the land use rights registration shall be approved in accordance to relevant regulations. In
the event of unilateral termination or amendments on this contract by Party B, Party B shall be liable to compensate the direct
financial loss(es) of Party A.



Article 14 Party B guarantees to
Party A on usage of land strictly in accordance to relevant laws and regulations of the Government. Land leased by Party B shall
not be transferred, subleased or pledged without approval of Party A. In the event of any loss(es) of Party A arising from the
misuse of land of Party B, Party B shall provide compensation.



Chapter 5
Usage of Land



Article 15 Land hereunder, upon
leasing, shall be used by Party B on purposes related to air transportation business and other auxiliaries in accordance to the
land use specified by the State.



Article 16 Any addition of general
housings or buildings by Party B on the leased land shall be subject to requirements of urban planning and general planning of
land use and the prior approval in written form from Party A. Approval procedures with authorities shall be gone through by Party
B with necessary assistance from Party A. Party A confirms that the ownership of the buildings added on the leased land shall
belong to Party B, and, upon expiration and where Party B determined not to extend this contract, belong to Party A albeit appropriate
compensation with specific amount to be negotiated otherwise between both parties shall be made from Party A to Party B.



Article 17 Any change(s) by Party
B on the usage of the leased land shall be subject to requirements of urban planning and general planning of land use and the
prior approval in written form from Party A.



Chapter 6
Expiration



Article 18 Should a party require
to continue the use of the land after expiration of this contract, the party shall submit extension application to Party A 60
days prior to the expiration date and enter into a renewed contract with Party A.











Chapter 7
Force Majeure



Article 19 None of the parties shall
be legally liable to the failure to perform obligations hereunder, whether partially or fully, due to force majeure. Notwithstanding
the above, both parties shall perform all necessary remediation measures to reduce the loss arising from force majeure. The party
affected by force majeure shall report the situation to the other party within 15 days after such event and provide proof of such
force majeure event to the relevant government authority.



Chapter 8
Breach of Contract



Article 20 Failure to perform the
requirements hereunder shall be regarded as a breach of the contract. The breaching party shall be liable for compensation on
the direct financial loss(es) of the other party.



Article 21 In the event of failure
of Party B to provide timely rental payment, the party shall pay an overdue fine, initially equivalent to 0.1% of the amount of
the land rental payment, with fine amount doubled after 6 months, until the party completely settled the payment of such installment.



Chapter 9
Applicable Legal and Dispute Resolutions



Article 22 Resolutions on the entering,
effect, explanation, performance and dispute hereof shall be protected and governed by the law of the People’s Republic
of China.



Article 23 Any dispute arising from
this contract shall be resolved by negotiation of the disputing parties. Either party shall have the right to prosecute a lawsuit
in the people’s court upon failure of resolving by negotiation.



Chapter 10
Supplementary Provisions



Article 24 This contract shall not
be transferred. Notwithstanding, in case of restructuring, merger and division of either party, this contract shall continue to
be performed by the new organization(s) entitled to the rights hereunder after the restructuring, merger and division upon issuance
of written notice to the other party and entering of contractual agreements.



Article 25 This agreement shall
be made out in quadruplicate with each party holding two copies of each. The contract shall take effect upon signature and seal.



(No text on this page)



|Party A:                                         | Party B:                                        
|------------------------------------------------ | ------------------------------------------------
|China Southern Air Holding Company               | China Southern Airlines Company Limited         
|Authorized representative:  (Seal and Signature) | Authorized representative:  (Seal and Signature)











Tenancy Contract



Party A (Lessor): China Southern
Air Holding Company

Party B (Lessee) : China Southern
Airlines Company Limited



Given the properties owned by China
Southern Air Holding Company and its wholly owned subsidiaries in various cities in China, China Southern Airlines Company Limited
agreed to rent some of which as office premises. Upon negotiation by both parties, China Southern Air Holding Company, on behalf
of its wholly owned subsidiaries, entered into this contract with China Southern Airlines Company Limited with regards to the
relevant tenancy:



Article 1 Location, Size and
Rental



Upon negotiation by both parties,
the annual rental fee shall be RMB 42,975,542.00. See Appendix I of this contract for details. Such price was determined by both
parties on a fair and reasonable basis and based on fair market rate, and will be no higher than the price and charging standard
offered by other independent third parties.



Article 2 Lease Term



The
lease term of the premise in the preceding provision shall be 3 yearseffective from 1 January
2011.



Article 3 Rental Payment



Rental payment, provided by Party
B to Party A half-annually, shall be settled within 15 days from the start date of a half-year period by bank remittance. Upon
receipt of payment, Party A shall issue a receipt of the respective amount.



Article 4 Change of Lessor and
Lessee



| | 1. | Where
                                                                                                  Party A requires transferring
                                                                                                  its rights and obligations hereunder
                                                                                                  to a third party within the
                                                                                                  contract period, no agreement
                                                                                                  from Party B shall be required
                                                                                                  albeit Party A shall inform
                                                                                                  Party B about such issue. A
                                                                                                  third party agent, upon delegation
                                                                                                  from Party A, shall immediately
                                                                                                  become the new Party A hereof,
                                                                                                  entitled to the rights and liable
                                                                                                  for the obligations of the original
                                                                                                  Party A.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2. | Party
                                                                                                  B shall not transfer its rights
                                                                                                  of the leased property to any
                                                                                                  third party without agreement
                                                                                                  from Party A during the term
                                                                                                  hereof. The third party which
                                                                                                  obtained the agreement of Party
                                                                                                  A regarding the property use
                                                                                                  rights shall immediately become
                                                                                                  the new Party B hereof, entitled
                                                                                                  to the rights and liable for
                                                                                                  the obligations of the original
                                                                                                  Party B.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Article 5 Obligations of Party
A



| | 1. | In
                                                                                                  the event of failure of Party
                                                                                                  A to provide the premises leased
                                                                                                  to Party B on schedule stipulated
                                                                                                  herein, Party A shall provide
                                                                                                  Party B a default fine equivalent
                                                                                                  to 5% of the amount of rental
                                                                                                  during such delayed period and
                                                                                                  return the submitted rental
                                                                                                  payment of such delayed period
                                                                                                  to Party B.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2. | Party
                                                                                                  B shall be responsible for the
                                                                                                  maintenance, and Party A shall
                                                                                                  be responsible for the repair
                                                                                                  of significant natural damage
                                                                                                  of the leased property and attached
                                                                                                  facilities, such as elevator,
                                                                                                  drainage system, power supply
                                                                                                  and security facilities. In
                                                                                                  the event of significant natural
                                                                                                  damage endangering general order
                                                                                                  of work without the receiving
                                                                                                  repairs from Party A, Party
                                                                                                  B may elect to terminate this
                                                                                                  tenancy and repair on behalf
                                                                                                  of A, and, in such case, the
                                                                                                  invoice of the repairing costs
                                                                                                  may be distressed for rent.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------











| | 3. | Party
                                                                                                  A shall compensate for the loss(es)
                                                                                                  of Party B arising from situation
                                                                                                  described in the preceding clause.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4. | Where
                                                                                                  Party A requires redemption
                                                                                                  of the property for its own
                                                                                                  use during the tenancy period,
                                                                                                  the party shall terminate this
                                                                                                  contract providing 3 months
                                                                                                  prior written notice and a default
                                                                                                  fine equivalent to 5% of the
                                                                                                  total amount of rental payments
                                                                                                  for the remaining term to Party
                                                                                                  B.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 5. | Should
                                                                                                  there be any laws, regulations
                                                                                                  or administrative orders requiring
                                                                                                  contribution, fully or partially,
                                                                                                  the rental payments received
                                                                                                  by Party A from Party B, Party
                                                                                                  A shall be liable to comply
                                                                                                  such laws, regulations or administrative
                                                                                                  orders. In the event of any
                                                                                                  loss(es) in Party B arising
                                                                                                  from violation of Party A of
                                                                                                  the forementioned requirements,
                                                                                                  Party A shall fully compensate
                                                                                                  Party B on such loss(es).
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | All
                                                                                                  utility fees and environmental
                                                                                                  and garbage collection fees
                                                                                                  during the tenancy period shall
                                                                                                  be borne by Party B.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Article 6 Obligations of Party
B



| | 1. | Party
                                                                                                  B shall pay rental fees pursuant
                                                                                                  to this contract. In the event
                                                                                                  of overdue rentals, an overdue
                                                                                                  fine equivalent to 0.1% of the
                                                                                                  amount of payable rental shall
                                                                                                  be paid daily. In case of an
                                                                                                  overdue exceeding 3 months,
                                                                                                  Party A may repossess the premise
                                                                                                  and take actions against all
                                                                                                  rentals and overdue fines in
                                                                                                  due.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2. | Where
                                                                                                  Party B requires a termination
                                                                                                  of tenancy due to extraordinary
                                                                                                  circumstances such as change
                                                                                                  of office premier during the
                                                                                                  tenancy period, the party shall
                                                                                                  terminate this contract giving
                                                                                                  3 months prior notice and default
                                                                                                  fines (equivalent to 5% of the
                                                                                                  total rental amount in the remaining
                                                                                                  term) to Party A. Should Party
                                                                                                  B sublease the premier, the
                                                                                                  party shall report to Party
                                                                                                  A for record.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3. | Party
                                                                                                  B shall not alter the building
                                                                                                  structure and use of the premise
                                                                                                  without obtaining prior agreement
                                                                                                  from Party A during the tenancy
                                                                                                  period. In case of any damages
                                                                                                  to the premise and attached
                                                                                                  facilities due to deliberate
                                                                                                  or negligent reasons of Party
                                                                                                  B, the party shall be responsible
                                                                                                  for recovering or providing
                                                                                                  compensation. Renovation should
                                                                                                  start only after obtaining agreement
                                                                                                  from Party A. Fixture added
                                                                                                  during renovation of Party B
                                                                                                  could be traded to Party A in
                                                                                                  returning the premise upon contractual
                                                                                                  expiration, or removed subject
                                                                                                  to set-up recovery.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4. | Upon
                                                                                                  expiration or termination of
                                                                                                  this contract, Party B shall
                                                                                                  return the premise within 1
                                                                                                  month thereafter and settle
                                                                                                  rental payments according to
                                                                                                  actual days of use. Any belongings
                                                                                                  left in the premise thereafter
                                                                                                  shall be deemed as abandoned
                                                                                                  by Party A and shall be handled
                                                                                                  by Party A.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 5. | Where
                                                                                                  Party B remains in the premise
                                                                                                  after the returning period upon
                                                                                                  expiration or termination of
                                                                                                  this contract, the party shall
                                                                                                  compensate for the loss(es)
                                                                                                  of Party A arising therefrom.
                                                                                                  Where necessary, Party A may
                                                                                                  file legal processing or apply
                                                                                                  for enforcement in the local
                                                                                                  people’s court.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------











Article 7 Extension of Term



This contract shall not be automatically
renewed. Both parties are liable to notify the other party in written form regarding the extension of such tenancy 3 months prior
to expiration. Should both parties agree to continue such contract, a new contract shall be entered.



Article 8 Exemption of Liabilities



In case of damages on the premise
caused by force majeure during the term hereof, this contract shall be terminated automatically. None of the parties shall be
liable thereof.



Article 9 Resolution of Disputes



Any dispute arising from this contract
shall be resolved by negotiation of the disputing parties. Either party shall have the right to prosecute a lawsuit in the people’s
court upon failure of resolving by negotiation.



Article 10 Others



For issues not stipulated in this
contract, both parties may sign a supplement agreement which constitutes as part of this contract.



This agreement shall be made out
in quadruplicate with each party holding two copies of each.



|Party A: China Southern Air Holding Company     | Party B: China Southern Airlines Company Limited
|----------------------------------------------- | ------------------------------------------------
|                                                |                                                 
|Authorized representative: (Seal and Signature) | Authorized representative: (Seal and Signature) 











Annex 1:
Details of Land Lease – Xinjiang, Northern China





|Serialnumber |  | Land use 
number                 |  | Land use 
Name                              |  | Land user on valuationreference date    |  | Certificate no. of landproperty |  | Land use location         |  | Area of 
Land (m2) |  | Gross net income ofland (RMB0’000 / year) |  | Unit price of landuse tax (RMB /year) |  | Tax rate ofbusiness tax(based on grossrental) |  | Rate ofmanagement fee(based on grossrental) |  | Annual Land Rental(RMB0’000 / year)
|------------ |  | -------------------------------- |  | ------------------------------------------- |  | --------------------------------------- |  | ------------------------------- |  | ------------------------- |  | ------------------ |  | ----------------------------------------- |  | ------------------------------------- |  | --------------------------------------------- |  | ------------------------------------------- |  | -----------------------------------
|1            |  | Xin
        – Urumqi – shou – 1  |  | Maintenance area                            |  | China Southern Airlines Company Limited |  | Wu Gao Yong (2004) No. 0008712  |  | 46 Yingbin road, New City |  | 72534.82           |  | 229.4932                                  |  | 1.5                                   |  | 5.5%                                          |  | 2.5%                                        |  | 261.2754                           
|2            |  | Xin
        – Urumqi – shou – 2  |  | Ground operation Company 1 (special garage) |  | China Southern Airlines Company Limited |  | Wu Gao Yong (2004) No. 0008714  |  | 46 Yingbin road, New City |  | 39515.44           |  | 125.023                                   |  | 1.5                                   |  | 5.5%                                          |  | 2.5%                                        |  | 142.3373                           
|3            |  | Xin
        – Urumqi – shou – 3  |  | Ground operation Company 2 (garage)         |  | China Southern Airlines Company Limited |  | Wu Gao Yong (2004) No. 0008715  |  | 46 Yingbin road, New City |  | 2863.99            |  | 9.0614                                    |  | 1.5                                   |  | 5.5%                                          |  | 2.5%                                        |  | 10.3163                            
|4            |  | Xin
        – Urumqi – shou – 4  |  | Freight warehouse                           |  | China Southern Airlines Company Limited |  | Wu Gao Yong (2004) No. 0009015  |  | 46 Yingbin road, New City |  | 33792.16           |  | 110.8541                                  |  | 1.5                                   |  | 5.5%                                          |  | 2.5%                                        |  | 126.0032                           
|5            |  | Xin
        – Urumqi – shou – 5  |  | Air material area                           |  | China Southern Airlines Company Limited |  | Wu Gao Yong (2004) No. 0008710  |  | 46 Yingbin road, New City |  | 34757.01           |  | 109.9678                                  |  | 1.5                                   |  | 5.5%                                          |  | 2.5%                                        |  | 125.1972                           
|6            |  | Xin
        – Urumqi – shou – 6  |  | Cultural center                             |  | China Southern Airlines Company Limited |  | Wu Gao Yong (2004) No. 0008709  |  | 33 Yingbin road, New City |  | 20559.43           |  | 67.4446                                   |  | 1.5                                   |  | 5.5%                                          |  | 2.5%                                        |  | 76.6614                            
|7            |  | Xin
        – Urumqi – shou – 7  |  | Expert building                             |  | China Southern Airlines Company Limited |  | Wu Gao Yong (2004) No. 0008717  |  | 33 Yingbin road, New City |  | 1575.94            |  | 4.9861                                    |  | 1.5                                   |  | 5.5%                                          |  | 2.5%                                        |  | 5.6766                             
|8            |  | Xin
        – Urumqi – shou – 8  |  | Cabin department                            |  | China Southern Airlines Company Limited |  | Wu Gao Yong (2004) No. 0008753  |  | 33 Yingbin road, New City |  | 6981.95            |  | 22.0902                                   |  | 1.5                                   |  | 5.5%                                          |  | 2.5%                                        |  | 25.1495                            
|9            |  | Xin
        – Urumqi – shou – 9  |  | Flight department 1                         |  | China Southern Airlines Company Limited |  | Wu Gao Yong (2004) No. 0008711  |  | 46 Yingbin road, New City |  | 32989.14           |  | 108.2198                                  |  | 1.5                                   |  | 5.5%                                          |  | 2.5%                                        |  | 123.0089                           
|10           |  | Xin
        – Urumqi – shou – 10 |  | Flight department 2                         |  | China Southern Airlines Company Limited |  | Wu Gao Yong (2004) No. 0008710  |  | 46 Yingbin road, New City |  | 9969.82            |  | 31.5436                                   |  | 1.5                                   |  | 5.5%                                          |  | 2.5%                                        |  | 35.9121                            
|11           |  | Xin
        – Urumqi – shou – 11 |  | Training center                             |  | China Southern Airlines Company Limited |  | Wu Gao Yong (2004) No. 0008828  |  | 46 Yingbin road, New City |  | 73891.97           |  | 242.4003                                  |  | 1.5                                   |  | 5.5%                                          |  | 2.5%                                        |  | 275.5262                           
|12           |  | Xin
        – Urumqi – shou – 12 |  | New apron of terminal                       |  | China Southern Airlines Company Limited |  | Wu Gao Yong (2004) No. 0008713  |  | 46 Yingbin road, New City |  | 2157152            |  | 682.502                                   |  | 0                                     |  | 5.5%                                          |  | 2.5%                                        |  | 741.8500                           















|Substoal of Xinjiang     |  |                            |  |                              |  |                                         |  |                                         |  |                                                                                        |  | 545146.87 |  | 1743.5861 |  |         |  |      |  |      |  | 1948.9141
|------------------------ |  | -------------------------- |  | ---------------------------- |  | --------------------------------------- |  | --------------------------------------- |  | -------------------------------------------------------------------------------------- |  | --------- |  | --------- |  | ------- |  | ---- |  | ---- |  | ---------
|13                       |  | Hei – Harbin – chu - 1     |  | Integrate office area        |  | China Northern Airlines                 |  | Ha Gao Yong (2003) No. 37764            |  | 34 Ganshui road, Xiangfang District, Harbin                                            |  | 1854.95   |  | 39.7398   |  | 18.0000 |  | 5.5% |  | 2.5% |  | 46.8247  
|14                       |  | Hei – Harbin – shou – 1    |  | Training
        center      |  | China Southern Airlines Company Limited |  | Ha Gao Yong (2007) No. 16103            |  | 89 Changjiang Road, Nangang District, Harbin                                           |  | 360.6     |  | 7.8756    |  | 14.0000 |  | 5.5% |  | 2.5% |  | 9.1091   
|15                       |  | Hei – Harbin – shou – 2    |  | Flight team office area      |  | China Southern Airlines Company Limited |  | Ha Gao Yong (2004) No. 16342            |  | Xuanqing Road, Nangang District, Harbin                                                |  | 1584.3    |  | 35.0149   |  | 14.0000 |  | 5.5% |  | 2.5% |  | 40.4705  
|16                       |  | Hei – Harbin – shou – 3    |  | Cabin department office area |  | China Southern Airlines Company Limited |  | Ha Gao Yong (2004) No. 16346            |  | He Ping Road, Nangang District, Harbin                                                 |  | 1882.8    |  | 41.6121   |  | 18.0000 |  | 5.5% |  | 2.5% |  | 48.9142  
|17                       |  | Hei – Harbin – shou – 4    |  | Airport maintenance 1        |  | China Southern Airlines Company Limited |  | Ha Gao Yong (2004) No. 16344            |  | Yanjiagang Airport, Hang District                                                      |  | 139308    |  | 473.8499  |  | 2.0000  |  | 5.5% |  | 2.5% |  | 545.3386 
|18                       |  | Hei – Harbin – shou – 5    |  | Airport maintenance 2        |  | China Southern Airlines Company Limited |  | Ha Gao Yong (2004) No. 16345            |  | Yanjiagang Airport, Hang District                                                      |  | 102000    |  | 346.9484  |  | 2.0000  |  | 5.5% |  | 2.5% |  | 399.2917 
|19                       |  | Hei – Harbin – shou – 6    |  | Air material area            |  | China Southern Airlines Company Limited |  | Ha Gao Yong (2004) No. 16347            |  | Yanjiagang Airport, Hang District                                                      |  | 22230.6   |  | 75.6164   |  | 2.0000  |  | 5.5% |  | 2.5% |  | 87.0245  
|20                       |  | Hei – Harbin – shou – 7    |  | Maintenance and catering     |  | China Southern Airlines Company Limited |  | Ha Gao Yong (2004) No. 16349            |  | Yanjiagang Airport, Hang District                                                      |  | 9751.9    |  | 33.1707   |  | 2.0000  |  | 5.5% |  | 2.5% |  | 38.1751  
|Subtotal of Heilongjiang |  |                            |  |                              |  |                                         |  |                                         |  |                                                                                        |  | 278973.15 |  | 1053.8278 |  |         |  |      |  |      |  | 1215.1484
|21                       |  | Ji – changchun – chu -1    |  | Authority office             |  | China Southern Airlines Company Limited |  | Ji Gao Yong (2004) No. 010500021        |  | Erdao District, Changchun(Economic and Technological Development),
    5038 Jilin Road |  | 7930.3    |  | 85.233    |  | 6.0000  |  | 5.5% |  | 2.5% |  | 97.8165  
|22                       |  | Ji – changchun – shou -1   |  | Erdao Office area            |  | China Southern Airlines Company Limited |  | Ji Gao Yong (2004) No. 10500003         |  | Erdao District, Changchun, JiChang Road  1 Km                                          |  | 57146     |  | 541.4123  |  | 6.0000  |  | 5.5% |  | 2.5% |  | 625.7608 
|Subtotal of Ji Lin       |  |                            |  |                              |  |                                         |  |                                         |  |                                                                                        |  | 65076.3   |  | 626.6453  |  |         |  |      |  |      |  | 723.5773 
|23                       |  | Liao – chaoyang – shou - 1 |  | Camp                         |  | China Southern Airlines Company Limited |  | Chao Yang Gao Yong (2004) No. 122004012 |  | 58, Chaoyang Street                                                                    |  | 31226.67  |  | 75.8305   |  | 4.0000  |  | 5.5% |  | 2.5% |  | 96.0013  
|Subtotal of Chao yang    |  |                            |  |                              |  |                                         |  |                                         |  |                                                                                        |  | 31226.67  |  | 75.8305   |  |         |  |      |  |      |  | 96.0013  

















|24                   |  | Liao - Dailian – shou - 1   |  | Office and hotel              |  | China Southern Airlines Company
    Limited |  | Dai Gao Yong (2004) No. 04001        |  | 65                                             |  | 14403.4     |  | 585.1985  |  | 6.0000 |  | 5.5% |  | 2.5% |  | 645.4788 
|-------------------- |  | --------------------------- |  | ----------------------------- |  | ------------------------------------------- |  | ------------------------------------ |  | ---------------------------------------------- |  | ----------- |  | --------- |  | ------ |  | ---- |  | ---- |  | ---------
|Subtotal of Dai Lian |  |                             |  |                               |  |                                             |  |                                      |  |                                                |  | 14403.4     |  | 585.1985  |  |        |  |      |  |      |  | 645.4788 
|25                   |  | Liao – Shenyang – shou – 1  |  | Youth Hostel                  |  | China Southern Airlines Company Limited     |  | Dong Ling Guo Young (2004) No. 02508 |  | Taoxian, Dongling district, Shenyang           |  | 1332.32     |  | 4.1416    |  | 2.0000 |  | 5.5% |  | 2.5% |  | 4.7914   
|26                   |  | Liao – Shenyang – shou – 2  |  | Cargo area                    |  | China Southern Airlines Company Limited     |  | Dong Ling Guo Young (2004) No. 02505 |  | Taoxian, Dongling district, Shenyang           |  | 17135.56    |  | 53.2668   |  | 2.0000 |  | 5.5% |  | 2.5% |  | 61.6238  
|27                   |  | Liao – Shenyang – shou – 3  |  | Command center                |  | China Southern Airlines Company Limited     |  | Dong Ling Guo Young (2004) No. 02504 |  | Taoxian, Dongling district, Shenyang           |  | 7628.27     |  | 23.7129   |  | 2.0000 |  | 5.5% |  | 2.5% |  | 27.4333  
|28                   |  | Liao – Shenyang – shou – 4  |  | Measurement and catering area |  | China Southern Airlines Company Limited     |  | Dong Ling Guo Young (2004) No. 02506 |  | Taoxian, Dongling district, Shenyang           |  | 11412       |  | 35.4748   |  | 2.0000 |  | 5.5% |  | 2.5% |  | 41.0404  
|29                   |  | Liao – Shenyang – shou – 5  |  | Air material area             |  | China Southern Airlines Company Limited     |  | Dong Ling Guo Young (2004) No. 02502 |  | Taoxian, Dongling district, Shenyang           |  | 14192.63    |  | 44.1186   |  | 2.0000 |  | 5.5% |  | 2.5% |  | 51.0403  
|30                   |  | Liao – Shenyang – shou – 6  |  | Office building               |  | China Southern Airlines Company Limited     |  | Dong Ling Guo Young (2004) No. 02509 |  | Taoxian Town, Dongling District, Shenyang      |  | 6971.394    |  | 21.671    |  | 2.0000 |  | 5.5% |  | 2.5% |  | 25.0710  
|31                   |  | Liao – Shenyang – shou – 7  |  | Maintenance area              |  | China Southern Airlines Company Limited     |  | Dong Ling Guo Young (2004) No. 02507 |  | Taoxian Town, Dongling District, Shenyang      |  | 54634.13    |  | 169.8332  |  | 2.0000 |  | 5.5% |  | 2.5% |  | 196.4783 
|32                   |  | Liao – Shenyang – shou – 8  |  | Parking apron                 |  | China Southern Airlines Company Limited     |  | Dong Ling Guo Young (2004) No. 02501 |  | Taoxian Town, Dongling District, Shenyang      |  | 14518.87    |  | 45.1327   |  | 0.0000 |  | 5.5% |  | 2.5% |  | 49.0573  
|33                   |  | Liao – Shenyang – shou – 9  |  | Garage                        |  | China Southern Airlines Company Limited     |  | Dong Ling Guo Young (2004) No. 02503 |  | Taoxian Town, Dongling District, Shenyang      |  | 13397.5     |  | 41.6469   |  | 2.0000 |  | 5.5% |  | 2.5% |  | 48.1809  
|34                   |  | Liao – Shenyang – shou – 10 |  | Computer center               |  | China Northern Airlines                     |  | Shen Yang  Guo Young (2004) No. 0342 |  | 388 Qingnian Street, Heping District, Shenyang |  | 4545.7      |  | 137.3132  |  | 5.0000 |  | 5.5% |  | 2.5% |  | 151.7240 
|35                   |  | Liao – Shenyang – chu – 1   |  | Boiler room                   |  | China Northern Airlines                     |  | Shen Yang  Guo Young (2001) No. 0103 |  | 388 Qingnian Street, Heping District, Shenyang |  | 5156.5      |  | 28.4425   |  | 5.0000 |  | 5.5% |  | 2.5% |  | 33.7183  
|Subtotal of Shenyang |  |                             |  |                               |  |                                             |  |                                      |  |                                                |  | 150924.874  |  | 604.7542  |  |        |  |      |  |      |  | 690.159  
|Total                |  |                             |  |                               |  |                                             |  |                                      |  |                                                |  | 1085751.264 |  | 4689.8424 |  |        |  |      |  | 0    |  | 5319.2789













Annex 1 :
Lease details of Buildings – Xinjiang, Northern China





|Number                                        |  | Name of building                  |  | Use         |  | Detailed
    address                             |  | structure          |  | Number of
    floors |  | Lettable area (m2) |  | Date of
    completion |  | Annual net income
    of property
    (RMB0,000 / year) |  | Property insurance
    (RMB0’000 / year) |  | Property tax |  | Business
    tax |  | Management
    tax |  | Annual rental
    (RMB0’000 / year)
|--------------------------------------------- |  | --------------------------------- |  | ----------- |  | ------------------------------------------------ |  | ------------------ |  | -------------------- |  | ------------------ |  | ---------------------- |  | ------------------------------------------------------- |  | ---------------------------------------- |  | ------------ |  | ---------------- |  | ------------------ |  | -----------------------------------
|Guangzhou - 1                                 |  | settlement center office building |  | office      |  | 23 Hang Yun Nan Street                           |  | Frame              |  | 8                    |  | 3526.15            |  | 1995-7-1               |  | 76.6841                                                 |  | 1.7828                                   |  | 12%          |  | 5.5%             |  | 2%                 |  | 95.4088                            
|Guangzhou - 2                                 |  | warehouse                         |  | office      |  | 143 Hang Yun Nan Street                          |  | Brick and concrete |  | 2                    |  | 800                |  | 1972-4-1               |  | 3.529                                                   |  | 0.0512                                   |  | 12%          |  | 5.5%             |  | 2%                 |  | 4.5329                             
|Subtotal of Guangzhou                         |  |                                   |  |             |  |                                                  |  |                    |  |                      |  | 4326.1500          |  |                        |  | 80.2131                                                 |  | 1.8340                                   |  |              |  |                  |  |                    |  | 99.9417                            
|Shenyang – foreign affairs office - 1         |  | Irkutsk office                    |  | office      |  | Russia Irkutsk                                   |  | Brick and concrete |  |                      |  | 160                |  | 1992-12-1              |  | 5.7102                                                  |  | 0.1306                                   |  | 12%          |  | 5.5%             |  | 2%                 |  | 7.2425                             
|Shenyang – foreign affairs office - 2         |  | Khabarovsk office garage          |  | Garage      |  | Russia New Transsiberian                         |  | Brick and concrete |  |                      |  | 30                 |  | 1993-6-1               |  | 0.5413                                                  |  | 0.0124                                   |  | 12%          |  | 5.5%             |  | 2%                 |  | 0.8215                             
|Shenyang – foreign affairs office – 3         |  | Khabarovsk office garage          |  | Garage      |  | Russia New Transsiberian                         |  | Brick and concrete |  |                      |  | 30                 |  | 1995-12-1              |  | 0.5716                                                  |  | 0.0133                                   |  | 12%          |  | 5.5%             |  | 2%                 |  | 0.8591                             
|Shenyang – foreign affairs office – 4         |  | Vladivostok building              |  | residential |  | No. 27, Haishenwei Street                        |  | Brick and concrete |  |                      |  | 124.8              |  | 1997-8-1               |  | 5.8926                                                  |  | 0.1385                                   |  | 12%          |  | 5.5%             |  | 2%                 |  | 7.4691                             
|Shenyang – foreign affairs office – 5         |  | Vladivostok building              |  | residential |  | No. 27, Haishenwei Street                        |  | Brick and concrete |  |                      |  | 123.8              |  | 1997-8-1               |  | 5.8454                                                  |  | 0.1374                                   |  | 12%          |  | 5.5%             |  | 2%                 |  | 7.4104                             
|Shenyang – foreign affairs office - 6         |  | Vladivostok office garage         |  | garage      |  | No. 27, Haishenwei Street                        |  | Brick and concrete |  |                      |  | 30                 |  | 1997-8-1               |  | 0.5666                                                  |  | 0.0133                                   |  | 12%          |  | 5.5%             |  | 2%                 |  | 0.8529                             
|Shenyang – foreign affairs office - 7         |  | Vladivostok office garage         |  | Garage      |  | No. 27, Haishenwei Street                        |  | Brick and concrete |  |                      |  | 30                 |  | 1997-8-1               |  | 0.5666                                                  |  | 0.0133                                   |  | 12%          |  | 5.5%             |  | 2%                 |  | 0.8529                             
|Subtotal of Shenyang – Foreign affairs office |  |                                   |  |             |  |                                                  |  |                    |  |                      |  | 528.6              |  |                        |  | 19.6943                                                 |  | 0.4588                                   |  |              |  |                  |  |                    |  | 25.5081                            
|Shenyang – headquarters -1                    |  | New office building               |  | office      |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Frame              |  | 6                    |  | 6558               |  | 1996-12-1              |  | 123.2547                                                |  | 2.9918                                   |  | 12%          |  | 5.5%             |  | 2%                 |  | 153.2605                           
|Shenyang – headquarters -2                    |  | Authority back office             |  | office      |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 1                    |  | 4794               |  | 1996-12-1              |  | 29.3405                                                 |  | 0.6875                                   |  | 12%          |  | 5.5%             |  | 2%                 |  | 36.5969                            
|Shenyang – headquarters - 3                   |  | Printing factory                  |  | office      |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 3                    |  | 2084               |  | 1979-6-1               |  | 13.983                                                  |  | 0.2651                                   |  | 12%          |  | 5.5%             |  | 2%                 |  | 17.5193                            
|Shenyang – headquarters - 4                   |  | Technical college office building |  | office      |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 3                    |  | 2250               |  | 1984-12-1              |  | 15.9515                                                 |  | 0.3357                                   |  | 12%          |  | 5.5%             |  | 2%                 |  | 19.9646                            













|Shenyang – headquarters   - 5  |  | Car brigade and garage                           |  | garage     |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 2 |  | 750    |  | 1992-12-1 |  | 3.9297  |  | 0.0899 |  | 12% |  | 5.5% |  | 2% |  | 5.0307 
|------------------------------ |  | ------------------------------------------------ |  | ---------- |  | ------------------------------------------------ |  | ------------------ |  | - |  | ------ |  | --------- |  | ------- |  | ------ |  | --- |  | ---- |  | -- |  | -------
|Shenyang – headquarters   - 6  |  | Construction office building and garage          |  | office     |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 2 |  | 900    |  | 1996-10-1 |  | 4.821   |  | 0.1129 |  | 12% |  | 5.5% |  | 2% |  | 6.1379 
|Shenyang – headquarters   - 7  |  | 2nd fleet floor                                  |  | produciton |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 2 |  | 2008   |  | 1979-12-1 |  | 10.3611 |  | 0.1988 |  | 12% |  | 5.5% |  | 2% |  | 13.0200
|Shenyang – headquarters   - 8  |  | Production Floor 3                               |  | office     |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 5 |  | 748.8  |  | 1983-12-1 |  | 6.2425  |  | 0.1294 |  | 12% |  | 5.5% |  | 2% |  | 7.9037 
|Shenyang – headquarters   - 9  |  | Installed Equipment warehouse                    |  | warehouse  |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 1 |  | 307    |  | 1982-11-1 |  | 1.3151  |  | 0.0268 |  | 12% |  | 5.5% |  | 2% |  | 1.7827 
|Shenyang – headquarters   - 10 |  | Ten-team office building                         |  | office     |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 5 |  | 5191.6 |  | 1994-12-1 |  | 48.3557 |  | 1.1203 |  | 12% |  | 5.5% |  | 2% |  | 60.2183
|Shenyang – headquarters   - 11 |  | Technology teaching building and canteen         |  | teaching   |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 5 |  | 4890   |  | 1996-10-1 |  | 49.1296 |  | 1.1501 |  | 12% |  | 5.5% |  | 2% |  | 61.1796
|Shenyang – headquarters   - 12 |  | Finance Department office building               |  | office     |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 4 |  | 2258   |  | 1997-11-1 |  | 22.8127 |  | 0.537  |  | 12% |  | 5.5% |  | 2% |  | 28.4878
|Shenyang – headquarters   - 13 |  | Fleet dispatch room                              |  | dispatch   |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 1 |  | 80     |  | 2003-3-1  |  | 0.4128  |  | 0.0099 |  | 12% |  | 5.5% |  | 2% |  | 0.6619 
|Shenyang – headquarters   - 14 |  | Car brigade office building                      |  | office     |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 2 |  | 1033   |  | 2003-12-1 |  | 5.8761  |  | 0.1415 |  | 12% |  | 5.5% |  | 2% |  | 7.4486 
|Shenyang – headquarters   - 15 |  | 58th floor Garage                                |  | Garage     |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 1 |  | 720.96 |  | 1996-12-1 |  | 3.3786  |  | 0.0792 |  | 12% |  | 5.5% |  | 2% |  | 4.3461 
|Shenyang – headquarters   - 16 |  | 4 – 6 Dormitory                                  |  | dormitory  |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 3 |  | 2434   |  | 1969-12-1 |  | 14.1225 |  | 0.1757 |  | 12% |  | 5.5% |  | 2% |  | 17.6925
|Shenyang – headquarters   - 17 |  | Operation office building and measurement center |  | office     |  | Sheyang Taosian Airport                          |  | Brick and concrete |  | 4 |  | 3889   |  | 1993-6-1  |  | 25.526  |  | 0.5857 |  | 12% |  | 5.5% |  | 2% |  | 31.8584
|Shenyang – headquarters   - 18 |  | Travel service center and dormitory              |  | production |  | Sheyang Taosian Airport                          |  | Brick and concrete |  | 5 |  | 6031   |  | 1994-12-1 |  | 64.9204 |  | 1.5041 |  | 12% |  | 5.5% |  | 2% |  | 80.7955













|Shenyang – headquarters   - 19 |  | Aircraft supplies building                          |  | production              |  | Sheyang Taosian Airport                                             |  | Brick and concrete |  | 4  |  | 2268    |  | 1994-12-1 |  | 21.7903  |  | 0.5049 |  | 12% |  | 5.5% |  | 2% |  | 27.2178 
|------------------------------ |  | --------------------------------------------------- |  | ----------------------- |  | ------------------------------------------------------------------- |  | ------------------ |  | -- |  | ------- |  | --------- |  | -------- |  | ------ |  | --- |  | ---- |  | -- |  | --------
|Shenyang – headquarters   - 20 |  | Joint inspection building                           |  | production              |  | Sheyang Taosian Airport                                             |  | Brick and concrete |  | 5  |  | 1200    |  | 1994-12-1 |  | 12.1301  |  | 0.281  |  | 12% |  | 5.5% |  | 2% |  | 15.2175 
|Shenyang – headquarters   - 21 |  | Taoxian information center                          |  | office                  |  | Sheyang Taosian Airport                                             |  | Brick and concrete |  | 1  |  | 502     |  | 1989-12-1 |  | 2.8758   |  | 0.0642 |  | 12% |  | 5.5% |  | 2% |  | 3.7215  
|Shenyang – headquarters   - 22 |  | Freight container                                   |  | production              |  | Sheyang Taosian Airport                                             |  | Brick and concrete |  | 1  |  |         |  |           |  | 0        |  | 0      |  | 0%  |  | 0.0% |  | 0% |  | 0.0000  
|Shenyang – headquarters   - 23 |  | Operation garage C                                  |  | garage                  |  | Sheyang Taosian Airport                                             |  | Brick and concrete |  | 1  |  | 384     |  | 2003-3-1  |  | 1.9815   |  | 0.0476 |  | 12% |  | 5.5% |  | 2% |  | 2.6106  
|Shenyang – headquarters   - 24 |  | Freight pound room                                  |  | Pound room              |  | Sheyang Taosian Airport                                             |  | Brick and concrete |  | 1  |  | 280     |  | 2003-3-1  |  | 1.4449   |  | 0.0347 |  | 12% |  | 5.5% |  | 2% |  | 1.9440  
|Shenyang – headquarters   - 25 |  | Car repairs factory                                 |  | Maintenance and repairs |  | Sheyang Taosian Airport                                             |  | Brick and concrete |  | 1  |  | 1498    |  | 1989-7-1  |  | 6.6606   |  | 0.148  |  | 12% |  | 5.5% |  | 2% |  | 8.4231  
|Shenyang – headquarters   - 26 |  | Freight garage and gatehouse                        |  | gatehouse               |  | Sheyang Taosian Airport                                             |  | Brick and concrete |  | 1  |  | 120     |  | 2003-3-1  |  | 0.6192   |  | 0.0149 |  | 12% |  | 5.5% |  | 2% |  | 0.9183  
|Shenyang – headquarters   - 27 |  | Freight elevator garage                             |  | garage                  |  | Sheyang Taosian Airport                                             |  | Brick and concrete |  |    |  |         |  |           |  | 0        |  | 0      |  | 0%  |  | 0.0% |  | 0% |  | 0.0000  
|Shenyang – headquarters   - 28 |  | Normal garage                                       |  | garage                  |  | Sheyang Taosian Airport                                             |  | Brick and concrete |  | 1  |  | 1915    |  | 1989-12-1 |  | 7.9831   |  | 0.1781 |  | 12% |  | 5.5% |  | 2% |  | 10.0660 
|Shenyang – headquarters   - 29 |  | Five Mile River Boiler room                         |  | Heat supply             |  | 390-11 Qingnian Avenue (Qingnian Dajie), Helping District, Shenyang |  | Frame              |  | 1  |  | 4714    |  | 1997-11-1 |  | 110.072  |  | 2.5908 |  | 12% |  | 5.5% |  | 2% |  | 136.8845
|Shenyang – headquarters   - 30 |  | Substation No. 2, Five Mile River                   |  | substation              |  | 390-12 Qingnian Avenue (Qingnian Dajie), Helping District, Shenyang |  | Frame              |  | 6  |  | 1982.38 |  | 1999-5-1  |  | 27..6601 |  | 0.6748 |  | 12% |  | 5.5% |  | 2% |  | 34.5094 
|Shenyang – headquarters   - 31 |  | Basement of Residential Building A, Five Mile River |  | storage                 |  | 390-1 Qingnian Avenue (Qingnian Dajie), Helping District, Shenyang  |  | Frame              |  | -2 |  | 1586.4  |  | 2002-12-1 |  | 7.8344   |  | 0.1923 |  | 12% |  | 5.5% |  | 2% |  | 9.8812  















|Shenyang – headquarters   - 32 |  | Basement of Residential Building A, Five Mile River |  | Garage       |  | 390-1 Qingnian Avenue (Qingnian Dajie), Helping District,
    Shenyang |  | Frame              |  | -1 |  | 1586.4 |  | 1997-11-1 |  | 7.6181 |  | 0.1853 |  | 12% |  | 5.5% |  | 2% |  | 9.6125
|------------------------------ |  | --------------------------------------------------- |  | ------------ |  | ---------------------------------------------------------------------- |  | ------------------ |  | -- |  | ------ |  | --------- |  | ------ |  | ------ |  | --- |  | ---- |  | -- |  | ------
|Shenyang – headquarters   - 33 |  | Basement of Residential Building B, Five Mile River |  | Storage      |  | 390-2 Qingnian Avenue (Qingnian Dajie), Helping District, Shenyang     |  | Frame              |  | -2 |  | 647    |  | 2002-12-1 |  | 3.1952 |  | 0.0784 |  | 12% |  | 5.5% |  | 2% |  | 4.1183
|Shenyang – headquarters   - 34 |  | Garage of Building B, Five Mile River               |  | Garage       |  | 390-2 Qingnian Avenue (Qingnian Dajie), Helping District, Shenyang     |  | Frame              |  | -1 |  | 647    |  | 1997-11-1 |  | 3.107  |  | 0.0756 |  | 12% |  | 5.5% |  | 2% |  | 4.0087
|Shenyang – headquarters   - 35 |  | Garage of Residential Building C, Five Mile River   |  | Garage       |  | 390-3 Qingnian Avenue (Qingnian Dajie), Helping District, Shenyang     |  | Frame              |  | -1 |  | 717.26 |  | 2002-10-1 |  | 3.4963 |  | 0.0858 |  | 12% |  | 5.5% |  | 2% |  | 4.4923
|Shenyang – headquarters   - 36 |  | Basement of Residential Building C, Five Mile River |  | Storage      |  | 390-3 Qingnian Avenue (Qingnian Dajie), Helping District, Shenyang     |  | Frame              |  | -1 |  | 717.26 |  | 2002-10-1 |  | 3.4963 |  | 0.0858 |  | 12% |  | 5.5% |  | 2% |  | 4.4923
|Shenyang – headquarters   - 37 |  | Garage of Residential Building K, Five Mile River   |  | Garage       |  | 390-9 Qingnian Avenue (Qingnian Dajie), Helping District, Shenyang     |  | Frame              |  | -1 |  | 345.85 |  | 2002-10-1 |  | 1.6858 |  | 0.0414 |  | 12% |  | 5.5% |  | 2% |  | 2.2432
|Shenyang – headquarters   - 38 |  | Pumping station                                     |  | Water supply |  | 5
        Wen An Road,
        He
        Ping District, Shenyang      |  | Frame              |  | 1  |  | 124    |  | 2003-3-1  |  | 0.6096 |  | 0.014  |  | 12% |  | 5.5% |  | 2% |  | 0.9063
|Shenyang – headquarters   - 39 |  | Gas compression station                             |  |              |  | 5
        Wen An Road,
        He
        Ping District, Shenyang      |  | Brick and concrete |  | 1  |  | 23     |  | 1983-12-1 |  | 0.1067 |  | 0.0017 |  | 12% |  | 5.5% |  | 2% |  | 0.2816













|Shenyang – headquarters   - 40  |  | Wanhao sales headquarter block building and anteroom |  | office             |  | 388 Qingnian Street, Heping District, Shenyang   |  | Brick and concrete |  | 6 |  | 5000    |  | 2002-5-1  |  | 494.1468 |  | 11.25   |  | 12% |  | 5.5% |  | 2% |  | 613.9960
|------------------------------- |  | ---------------------------------------------------- |  | ------------------ |  | ------------------------------------------------ |  | ------------------ |  | - |  | ------- |  | --------- |  | -------- |  | ------- |  | --- |  | ---- |  | -- |  | --------
|Shenyang – headquarters   - 41  |  | Passenger service dormitory                          |  | dormitory          |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District |  | Brick and concrete |  | 5 |  | 3800    |  | 1994-12-1 |  | 35.3941  |  | 0.82    |  | 12% |  | 5.5% |  | 2% |  | 44.1169 
|Shenyang – maintenance base -1  |  | A300 Hangar                                          |  | hanger             |  | Sheyang Taoxian Airport                          |  | Rack               |  | 1 |  | 6643.59 |  | 2000-12-1 |  | 263.3861 |  | 6.2809  |  | 12% |  | 5.5% |  | 2% |  | 327.3368
|Shenyang – maintenance base - 2 |  | Air material guard room                              |  | guard              |  | Sheyang Taoxian Airport                          |  | Brick and concrete |  | 1 |  | 30      |  | 2003-3-1  |  | 0.1493   |  | 0.0036  |  | 12% |  | 5.5% |  | 2% |  | 0.3345  
|Subtotal of Shenyang            |  |                                                      |  |                    |  |                                                  |  |                    |  |   |  | 83658.5 |  |           |  | 1461.177 |  | 33.7952 |  |     |  |      |  |    |  | 1821.238
|Chaoyang - 1                    |  | Plumbing workplace                                   |  | living             |  | 58 Chaoyang Street Section 4                     |  | Brick and concrete |  | 1 |  | 54      |  | 1986-9-1  |  | 0.2266   |  | 0.004   |  | 12% |  | 5.5% |  | 2% |  | 0.4306  
|Chaoyang – 2                    |  | Boiler room                                          |  | Living             |  | 58 Chaoyang Street Section 4                     |  | Brick and concrete |  | 1 |  | 126     |  | 1980-12-1 |  | 0.6945   |  | 0.0081  |  | 12% |  | 5.5% |  | 2% |  | 0.9000  
|Chaoyang - 3                    |  | Veteran room                                         |  | Living             |  | 59 Chaoyang Street Section 4                     |  | Brick and concrete |  | 2 |  | 500     |  | 1999-2-1  |  | 5.5678   |  | 0.1318  |  | 12% |  | 5.5% |  | 2% |  | 7.0656  
|Subtotal of Chaoyang            |  |                                                      |  |                    |  |                                                  |  |                    |  |   |  | 680     |  |           |  | 6.3989   |  | 0.1439  |  |     |  |      |  |    |  | 8.3962  
|Dalian - 1                      |  | Terminal building                                    |  | office             |  | Bei Hang Dong Lu, Ganjingzi District, Dalian     |  | Frame              |  | 3 |  | 785.34  |  | 1994-7-1  |  | 11.9965  |  | 0.2772  |  | 12% |  | 5.5% |  | 2% |  | 15.0516 
|Dalian - 2                      |  | Maintenance building                                 |  | office             |  | Bei Hang Dong Lu, Ganjingzi District, Dalian     |  | Frame              |  | 5 |  | 4586.58 |  | 1998-11-1 |  | 65.4843  |  | 1.5484  |  | 12% |  | 5.5% |  | 2% |  | 81.4960 
|Dalian - 3                      |  | Operation office building                            |  | office             |  | Bei Hang Dong Lu, Ganjingzi District, Dalian     |  |                    |  | 5 |  | 2552    |  | 1998-11-1 |  | 41.3612  |  | 0.9131  |  | 12% |  | 5.5% |  | 2% |  | 51.5294 
|Dalian - 4                      |  | Freight warehouse                                    |  | warehouse          |  | Bei Hang Dong Lu, Ganjingzi District, Dalian     |  |                    |  | 1 |  | 4423    |  | 1998-11-1 |  | 43.5458  |  | 1.0297  |  | 12% |  | 5.5% |  | 2% |  | 54.2432 
|Dalian - 5                      |  | substation                                           |  | Electricity supply |  | Bei Hang Dong Lu, Ganjingzi District, Dalian     |  | Brick and concrete |  | 2 |  | 416     |  | 1997-11-1 |  | 2.2764   |  | 0.0536  |  | 12% |  | 5.5% |  | 2% |  | 2.9769  
|Dalian – 6                      |  | New area garage                                      |  | office             |  | Bei Hang Dong Lu, Ganjingzi District, Dalian     |  |                    |  | 3 |  | 5868    |  | 1999-8-1  |  | 38.6887  |  | 0.9178  |  | 12% |  | 5.5% |  | 2% |  | 48.2096 
|Dalian – 7                      |  | Air crewman attendance building                      |  | office             |  | Bei Hang Dong Lu, Ganjingzi District, Dalian     |  |                    |  | 6 |  | 6890    |  | 2000-12-1 |  | 112.5096 |  | 2.683   |  | 12% |  | 5.5% |  | 2% |  | 139.9125















|Dalian – 8            |  | Air material storage room               |  | office        |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                                            |  |                    |  | 4 |  | 3140     |  | 2001-12-1  |  | 37.3672  |  | 0.8943 |  | 12% |  | 5.5% |  | 2% |  | 46.5680 
|--------------------- |  | --------------------------------------- |  | ------------- |  | --------------------------------------------------------------------------------------- |  | ------------------ |  | - |  | -------- |  | ---------- |  | -------- |  | ------ |  | --- |  | ---- |  | -- |  | --------
|Dalian – 9            |  |                                         |  | Office        |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                                            |  |                    |  | 2 |  | 2200     |  | 2002-7-1   |  | 16.0009  |  | 0.3837 |  | 12% |  | 5.5% |  | 2% |  | 20.0260 
|Dalian – 10           |  | Sewage pumping station                  |  | Sewage        |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                                            |  | Brick and concrete |  | 1 |  | 387      |  | 1998-11-1  |  | 2.1422   |  | 0.0473 |  | 12% |  | 5.5% |  | 2% |  | 2.8102  
|Dalian – 11           |  | Boiler room                             |  | Heat supply   |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                                            |  | Brick and concrete |  | 2 |  | 1013     |  | 1998-11-1  |  | 5.901    |  | 0.1303 |  | 12% |  | 5.5% |  | 2% |  | 7.4795  
|Dalian - 12           |  | Field duty room                         |  | Office        |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                                            |  | Brick and concrete |  | 1 |  | 650      |  | 2000-5-1   |  | 3.7426   |  | 0.0891 |  | 12% |  | 5.5% |  | 2% |  | 4.7983  
|Subtotal of Dalian    |  |                                         |  |               |  |                                                                                         |  |                    |  |   |  | 32910.92 |  |            |  | 380.0164 |  | 8.9675 |  |     |  |      |  |    |  | 475.1012
|Changchun - 1         |  | Air crewman canteen                     |  | canteen       |  | Erdao Airport                                                                           |  | Brick and concrete |  | 1 |  | 503.69   |  | 1999-12-1  |  | 3.1001   |  | 0.0736 |  | 12% |  | 5.5% |  | 2% |  | 4.0001  
|Changchun - 2         |  | Air crewman canteen (connecting floor)  |  | canteen       |  | Erdao Airport                                                                           |  | Brick and concrete |  | 1 |  | 684.31   |  | 1999-12-1  |  | 4.2118   |  | 0.1    |  | 12% |  | 5.5% |  | 2% |  | 5.3811  
|Changchun - 3         |  | Medical and health room of 12th brigade |  | powerhouse    |  | Erdao Airport                                                                           |  | Brick and concrete |  | 1 |  | 20       |  | 1980-1-1   |  | 0.0705   |  | 0.0014 |  | 12% |  | 5.5% |  | 2% |  | 0.2366  
|Changchun – 4         |  | Mailroom of 12th brigade                |  | Security      |  | Erdao Airport                                                                           |  | Brick and concrete |  | 1 |  | 31       |  | 1980-1-1   |  | 0.1074   |  | 0.0021 |  | 12% |  | 5.5% |  | 2% |  | 0.2825  
|Changchun - 5         |  | Pumping station of 12th brigade         |  | Water supply  |  | Erdao Airport                                                                           |  | Brick and concrete |  | 1 |  | 20       |  | 1985-1-1   |  | 0.0828   |  | 0.0017 |  | 12% |  | 5.5% |  | 2% |  | 0.2519  
|Changchun - 6         |  | Pumping station of 12th brigade         |  | Water supply  |  | Erdao Airport                                                                           |  | Brick and concrete |  | 1 |  | 20       |  | 1986-1-1   |  | 0.0831   |  | 0.0018 |  | 12% |  | 5.5% |  | 2% |  | 0.2523  
|Changchun – 7         |  | Passenger service building              |  | Dormitory     |  | Erdao Airport                                                                           |  | Brick and concrete |  | 3 |  | 2980     |  | 1964-1-1   |  | 32.0023  |  | 0.1663 |  | 12% |  | 5.5% |  | 2% |  | 39.9035 
|Changchun - 8         |  | Garage of 12th brigade                  |  | garage        |  | Erdao Airport                                                                           |  | Brick and concrete |  | 1 |  | 2215     |  | 1989-1-1   |  | 8.0737   |  | 0.1785 |  | 12% |  | 5.5% |  | 2% |  | 10.1785 
|Changchun - 9         |  | Jilin operations department             |  | Ticket office |  | Branch land 2, Hongyuyuan Building B, Jiefang Road West, Chuanying
    District, Jilin. |  | Brick and concrete |  | 3 |  | 653      |  | 2004-12-27 |  | 20.1114  |  | 0.4858 |  | 12% |  | 5.5% |  | 2% |  | 25.1322 
|Subtotal of Changchun |  |                                         |  |               |  |                                                                                         |  |                    |  |   |  | 7127     |  |            |  | 67.8431  |  | 1.0112 |  |     |  |      |  |    |  | 85.6187 















|Harbin - 1  |  | Security ministry office building |  | office     |  | Harbin Taiping International Airport |  | Brick and concrete |  | 2 |  | 725.66  |  | 1997-12-1 |  | 4.6004  |  | 0.1006 |  | 12% |  | 5.5% |  | 2% |  | 5.8639 
|----------- |  | --------------------------------- |  | ---------- |  | ------------------------------------ |  | ------------------ |  | - |  | ------- |  | --------- |  | ------- |  | ------ |  | --- |  | ---- |  | -- |  | -------
|Harbin – 2  |  | Garage                            |  | garage     |  | Harbin Taiping International Airport |  | Brick and concrete |  | 1 |  | 1512.86 |  | 1994-12-1 |  | 8.0707  |  | 0.187  |  | 12% |  | 5.5% |  | 2% |  | 10.1748
|Harbin – 3  |  | Garage                            |  | Garage     |  | Harbin Taiping International Airport |  | Brick and concrete |  | 1 |  | 740.38  |  | 1996-12-1 |  | 3.9562  |  | 0.0927 |  | 12% |  | 5.5% |  | 2% |  | 5.0636 
|Harbin – 4  |  | substation                        |  | Others     |  | Harbin Taiping International Airport |  | Brick and concrete |  | 3 |  | 2107.95 |  | 1996-12-1 |  | 11.8756 |  | 0.2782 |  | 12% |  | 5.5% |  | 2% |  | 14.9014
|Harbin – 5  |  | Office building                   |  | Office     |  | Harbin Taiping International Airport |  | Brick and concrete |  | 3 |  | 2168.52 |  | 1996-12-1 |  | 15.7536 |  | 0.3405 |  | 12% |  | 5.5% |  | 2% |  | 19.7188
|Harbin – 6  |  | Garage                            |  | Garage     |  | Harbin Taiping International Airport |  | Brick and concrete |  | 1 |  | 582.65  |  | 1994-12-1 |  | 3.1083  |  | 0.072  |  | 12% |  | 5.5% |  | 2% |  | 4.0103 
|Harbin - 7  |  | Air material storage room         |  | office     |  | Harbin Taiping International Airport |  | Brick and concrete |  | 1 |  | 952.24  |  | 1976-12-1 |  | 4.3743  |  | 0.0773 |  | 12% |  | 5.5% |  | 2% |  | 5.5830 
|Harbin – 8  |  | warehouse                         |  | Office     |  | Harbin Taiping International Airport |  | Brick and concrete |  | 1 |  | 179.1   |  | 1997-1-1  |  | 0.9566  |  | 0.0224 |  | 12% |  | 5.5% |  | 2% |  | 1.3374 
|Harbin – 9  |  |                                   |  | Production |  | Harbin Taiping International Airport |  | Brick and concrete |  | 1 |  | 306.86  |  | 1999-12-1 |  | 1.8137  |  | 0.0431 |  | 12% |  | 5.5% |  | 2% |  | 2.4021 
|Harbin – 10 |  | Charging room                     |  | Office     |  | Harbin Taiping International Airport |  | Brick and concrete |  | 1 |  | 315.41  |  | 1992-12-1 |  | 1.5864  |  | 0.0363 |  | 12% |  | 5.5% |  | 2% |  | 2.1198 
|Harbin – 11 |  | Spray paint booth                 |  | Production |  | Harbin Taiping International Airport |  | Brick and concrete |  | 1 |  | 425.26  |  | 1979-12-1 |  | 1.9904  |  | 0.0382 |  | 12% |  | 5.5% |  | 2% |  | 2.6216 
|Harbin – 12 |  | Integrated office building        |  | Office     |  | Level 1 to 2, No. 1 Pingshun Street  |  |                    |  | 2 |  | 1876.21 |  | 1990-12-1 |  | 17.2584 |  | 0.3884 |  | 12% |  | 5.5% |  | 2% |  | 21.5836
|Harbin – 13 |  |                                   |  | Storage    |  | Harbin Taiping International Airport |  | Brick and concrete |  | 1 |  | 67.27   |  | 1979-12-1 |  | 0.3148  |  | 0.006  |  | 12% |  | 5.5% |  | 2% |  | 0.5401 
|Harbin – 14 |  | Air material warehouse            |  | Office     |  | Harbin Taiping International Airport |  | Brick and concrete |  | 1 |  | 2132.3  |  | 1996-12-1 |  | 21.9506 |  | 0.5143 |  | 12% |  | 5.5% |  | 2% |  | 27.4169















|Harbin – 15        |  | Equipment warehouse                     |  | Storage    |  | Harbin Taiping International Airport  |  | Brick and concrete |  | 1 |  | 580.44   |  | 1976-12-1 |  | 1.9899   |  | 0.0352 |  | 12% |  | 5.5% |  | 2% |  | 2.6210  
|------------------ |  | --------------------------------------- |  | ---------- |  | ------------------------------------- |  | ------------------ |  | - |  | -------- |  | --------- |  | -------- |  | ------ |  | --- |  | ---- |  | -- |  | --------
|Harbin – 16        |  | Maintenance building                    |  | Office     |  | Harbin Taiping International Airport  |  | Brick and concrete |  | 3 |  | 2065.25  |  | 1977-12-1 |  | 21.2204  |  | 0.3866 |  | 12% |  | 5.5% |  | 2% |  | 26.5098 
|Harbin – 17        |  | Air crewman building                    |  | Office     |  | Harbin Taiping International Airport  |  | Brick and concrete |  | 3 |  | 2098     |  | 1974-12-1 |  | 22.0814  |  | 0.3634 |  | 12% |  | 5.5% |  | 2% |  | 27.5749 
|Harbin – 18        |  | Staff canteen                           |  | Canteen    |  | Harbin Taiping International Airport  |  | Brick and concrete |  | 1 |  | 1395.66  |  | 1976-12-1 |  | 7.8798   |  | 0.1393 |  | 12% |  | 5.5% |  | 2% |  | 9.9376  
|Harbin – 19        |  | Ad hoc room                             |  | Production |  | Harbin Taiping International Airport  |  | Brick and concrete |  | 3 |  | 1306.37  |  | 1977-12-1 |  | 7.156    |  | 0.1304 |  | 12% |  | 5.5% |  | 2% |  | 9.0385  
|Harbin – 20        |  | Command and control center              |  | Office     |  | Harbin Taiping International Airport  |  | Brick and concrete |  | 3 |  | 1199.5   |  | 1994-12-1 |  | 8.0454   |  | 0.1864 |  | 12% |  | 5.5% |  | 2% |  | 10.1434 
|Harbin – 21        |  | Old hangar                              |  | production |  | Harbin Taiping International Airport  |  | Brick and concrete |  | 1 |  | 2362.04  |  | 1977-12-1 |  | 47.5545  |  | 0.8664 |  | 12% |  | 5.5% |  | 2% |  | 59.2230 
|Harbin – 22        |  | Garage                                  |  | Garage     |  | Building A,  89 Changjiang Road       |  | Frame              |  | 1 |  | 1224.43  |  | 1999-12-1 |  | 6.8969   |  | 0.1638 |  | 12% |  | 5.5% |  | 2% |  | 8.7166  
|Harbin – 23        |  | Garage                                  |  | Garage     |  | Building B,  89 Changjiang Road       |  | Frame              |  | 1 |  | 1046.31  |  | 1999-12-1 |  | 5.8936   |  | 0.14   |  | 12% |  | 5.5% |  | 2% |  | 7.4703  
|Harbin – 24        |  | Freight, flight brigade office building |  | Office     |  | (1st to 3rd floor) 89 Changjiang Road |  | Frame              |  | 3 |  | 3942.52  |  | 1999-12-1 |  | 46.9703  |  | 1.1157 |  | 12% |  | 5.5% |  | 2% |  | 58.4973 
|Harbin – 25        |  | Catering storage room                   |  |            |  | Harbin Taiping International Airport  |  | Brick and concrete |  | 1 |  | 203.36   |  | 1999-12-1 |  | 1.202    |  | 0.0286 |  | 12% |  | 5.5% |  | 2% |  | 1.6422  
|Harbin – 26        |  | Air material office building            |  | Office     |  | Harbin Taiping International Airport  |  | Brick and concrete |  | 1 |  | 1544.57  |  | 1999-12-1 |  | 10.5078  |  | 0.2496 |  | 12% |  | 5.5% |  | 2% |  | 13.2022 
|Subtotal of Harbin |  |                                         |  |            |  |                                       |  |                    |  |   |  | 33061.12 |  |           |  | 285.0044 |  | 6.0024 |  |     |  |      |  |    |  | 357.9186
|Urumqi – 1         |  | Student dormitory                       |  | Living     |  | 46 Yingbin road                       |  | Brick and concrete |  | 3 |  | 1691.33  |  | 1994-12-1 |  | 12.7166  |  | 0.2946 |  | 12% |  | 5.5% |  | 2% |  | 15.9461 
|Urumqi – 2         |  | Gym                                     |  | Living     |  | 46 Yingbin road                       |  | Brick and concrete |  | 1 |  | 217.8    |  | 1991-12-1 |  | 1.1345   |  | 0.0257 |  | 12% |  | 5.5% |  | 2% |  | 1.5584  

















|Urumqi – 3                          |  | Function room                                                                     |  | Living      |  | 46 Yingbin road                           |  | Brick and concrete |  | 1  |  | 100       |  | 1993-6-1   |  | 0.5239    |  | 0.012   |  | 12% |  | 5.5% |  | 2% |  | 0.7999  
|----------------------------------- |  | --------------------------------------------------------------------------------- |  | ----------- |  | ----------------------------------------- |  | ------------------ |  | -- |  | --------- |  | ---------- |  | --------- |  | ------- |  | --- |  | ---- |  | -- |  | --------
|Urumqi – 4                          |  | Duty Room                                                                         |  |             |  | 46 Yingbin road                           |  | Brick and concrete |  | 1  |  | 147.4     |  | 1998-8-1   |  | 0.9561    |  | 0.0266  |  | 12% |  | 5.5% |  | 2% |  | 1.3368  
|Urumqi – 5                          |  | Dangerous goods storage room                                                      |  | Office      |  | 46 Yingbin road                           |  | Brick and concrete |  | 1  |  | 100       |  | 1998-8-1   |  | 0.591     |  | 0.014   |  | 12% |  | 5.5% |  | 2% |  | 0.8832  
|Urumqi – 6                          |  | Student canteen                                                                   |  | Living      |  | 46 Yingbin road                           |  | Frame              |  | 2  |  | 653       |  | 2001-11-1  |  | 5.7098    |  | 0.1366  |  | 12% |  | 5.5% |  | 2% |  | 7.2420  
|Urumqi – 7                          |  | Economic development Zone building                                                |  | Residential |  | 44 Second Commercial  Zone, Economic Zone |  | Brick and concrete |  | 2  |  | 160       |  | 2003-7-1   |  | 5.0885    |  | 0.1224  |  | 12% |  | 5.5% |  | 2% |  | 6.4702  
|Urumqi – 8                          |  | Economic development Zone building                                                |  | Residential |  | 45 Second Commercial  Zone, Economic Zone |  | Brick and concrete |  | 2  |  | 160       |  | 2003-7-1   |  | 5.0885    |  | 0.1224  |  | 12% |  | 5.5% |  | 2% |  | 6.4702  
|Urumqi – 9                          |  | Redhill Hotel                                                                     |  | Office      |  | No. 62 Youhao Road South                  |  | Frame              |  |    |  | 166       |  | 2005-10-1  |  | 12.6353   |  | 0.3058  |  | 12% |  | 5.5% |  | 2% |  | 15.8451 
|Subtotal of Urumqi                  |  |                                                                                   |  |             |  |                                           |  |                    |  |    |  | 3395.53   |  |            |  | 44.4442   |  | 1.0561  |  |     |  |      |  |    |  | 56.5519 
|Urumqi – foreign affairs office - 1 |  | Trading Agreement (New Siberian)                                                  |  | Office      |  | 62 You Hao Nan Lu                         |  | Brick and concrete |  | 10 |  | 206.3     |  | 2000-12-31 |  | 5.2583    |  | 0.1254  |  | 12% |  | 5.5% |  | 2% |  | 6.6811  
|Urumqi – foreign affairs office – 2 |  | Bishkek Office                                                                    |  | Office      |  |                                           |  | Brick and concrete |  |    |  | 534.1     |  | 2003-11.1  |  | 16.9689   |  | 0.4086  |  | 12% |  | 5.5% |  | 2% |  | 21.2284 
|Subtotal of Urumqi                  |  |                                                                                   |  |             |  |                                           |  |                    |  |    |  | 740.4     |  |            |  | 22.2272   |  | 0.534   |  |     |  |      |  |    |  | 27.9095 
|Beijing - 1                         |  | Beijing crew overnight building                                                   |  | residential |  | Beijing Capital International Airport     |  | Frame              |  | 4  |  | 4516.65   |  | 1999-7-1   |  | 186.6988  |  | 4.4272  |  | 12% |  | 5.5% |  | 2% |  | 232.0730
|Beijing – 2                         |  | Beijing business department (additional floor) (Beijing maintenance
    building) |  | residential |  | Beijing Capital International Airport     |  | Brick and concrete |  | 3  |  | 1098.36   |  | 1999-7-1   |  | 28.4859   |  | 0.6755  |  | 12% |  | 5.5% |  | 2% |  | 35.5353 
|Beijing – 3                         |  | Beijing business department (commercial goods storage room)                       |  | production  |  | 111 Jixiangli, Chaoyang District          |  | Frame              |  | 18 |  | 1187.1    |  | 1995-12-1  |  | 283.545   |  | 6.6079  |  | 12% |  | 5.5% |  | 2% |  | 352.3789
|Subtotal of Beijing                 |  |                                                                                   |  |             |  |                                           |  |                    |  |    |  | 6802.11   |  |            |  | 498.7297  |  | 11.7106 |  |     |  |      |  |    |  | 619.9872
|Shanghai -1                         |  | Shanghai business department (commercial goods storage room)                      |  | production  |  | 501-09 Mao Tai Lu Lane 500, Shanghai      |  | Steel and concrete |  | 26 |  | 664.41    |  | 1998-8-1   |  | 110.0839  |  | 2.6001  |  | 12% |  | 5.5% |  | 2% |  | 136.8993
|Subtotal of Shanghai                |  |                                                                                   |  |             |  |                                           |  |                    |  |    |  | 664.41    |  |            |  | 110.0839  |  | 2.6001  |  |     |  |      |  |    |  | 136.8993
|Total                               |  |                                                                                   |  |             |  |                                           |  |                    |  |    |  | 173894.74 |  |            |  | 2976.8316 |  | 68.1138 |  |     |  |      |  |    |  | 3715.071













Details of
Buildings and other ancillary facilities lease - Xinjing, Northern China





|Number               |  | Building name                                   |  | Detailed address                                                  |  | Structure          |  | Size            |  | Unit ofmeasurement |  | Quantity |  | Date ofcompletion |  | Annual netincome(RMB0’000 /year) |  | Business tax |  | Managementfee |  | Annual rental(RMB0’000 /year)
|-------------------- |  | ----------------------------------------------- |  | ----------------------------------------------------------------- |  | ------------------ |  | --------------- |  | ------------------ |  | -------- |  | ----------------- |  | -------------------------------- |  | ------------ |  | ------------- |  | -----------------------------
|Shenyang – 1         |  | Five Mile River Tank                            |  | 5
        Wen An Road,
        He
        Ping District, Shenyang |  | Concrete           |  |                 |  | M3                 |  | 600      |  | 12-98             |  | 19.92                            |  | 5.5%         |  | 2%            |  | 21.5351                      
|Shenyang – 2         |  | Road of No. G and No. H of residential building |  | 5
        Wen An Road,
        He
        Ping District, Shenyang |  | Concrete           |  |                 |  | M2                 |  | 2118     |  | 12-99             |  | 2.1535                           |  | 5.5%         |  | 2%            |  | 2.3281                       
|Shenyang – 3         |  | Main road of No. 1 Five Mile River              |  | 5
        Wen An Road,
        He
        Ping District, Shenyang |  | Brick and concrete |  |                 |  | Block              |  | 1        |  | 12-99             |  | 1.2271                           |  | 5.5%         |  | 2%            |  | 1.3266                       
|Shenyang – 4         |  | Main door of new technical school               |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District                  |  | Brick and concrete |  |                 |  | Block              |  | 1        |  | 12-99             |  | 0.7304                           |  | 5.5%         |  | 2%            |  | 0.7896                       
|Shenyang – 5         |  | Flight team court                               |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District                  |  | Concrete           |  |                 |  | M2                 |  | 2500     |  | 05-02             |  | 3.3632                           |  | 5.5%         |  | 2%            |  | 3.6359                       
|Subtotal of Shenyang |  |                                                 |  |                                                                   |  |                    |  |                 |  |                    |  |          |  |                   |  | 27.3942                          |  |              |  |               |  | 29.6153                      
|Dalian – 1           |  | Road (warehosue – apron)                        |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                      |  | Cement             |  |                 |  | M2                 |  | 960      |  | 11-98             |  | 1.0326                           |  | 5.5%         |  | 2%            |  | 1.1163                       
|Dalian – 2           |  | Site (new region)                               |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                      |  | Cement             |  |                 |  | M2                 |  | 15400    |  | 11-98             |  | 16.564                           |  | 5.5%         |  | 2%            |  | 17.9070                      
|Dalian – 3           |  | Freight scarfolding                             |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                      |  | Rack               |  |                 |  | M2                 |  | 2238     |  | 11-98             |  | 16.9049                          |  | 5.5%         |  | 2%            |  | 18.2756                      
|Dalian – 4           |  | Cargo floor, car floor                          |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                      |  | Cement             |  |                 |  | M2                 |  | 14600    |  | 11-98             |  | 15.7036                          |  | 5.5%         |  | 2%            |  | 16.9769                      
|Dalian – 5           |  | Bridge                                          |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                      |  | Steel bar          |  |                 |  | M2                 |  | 352      |  | 11-98             |  | 8.0153                           |  | 5.5%         |  | 2%            |  | 8.6652                       
|Dalian – 6           |  | Road within site                                |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                      |  | Cement             |  |                 |  | M2                 |  | 16000    |  | 11-98             |  | 17.2094                          |  | 5.5%         |  | 2%            |  | 18.6048                      
|Dalian – 7           |  | Apron                                           |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                      |  | Cement             |  |                 |  | M2                 |  | 1900     |  | 12-02             |  | 1.9719                           |  | 5.5%         |  | 2%            |  | 2.1318                       
|Dalian – 8           |  | Drain cover                                     |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                      |  | Cement             |  |                 |  | M2                 |  | 3240     |  | 12-02             |  | 16.2222                          |  | 5.5%         |  | 2%            |  | 17.5375                      
|Dalian – 9           |  | Freight gateway arch                            |  | Bei Hang Dong Lu, Ganjingzi District, Dalian                      |  | Steel              |  | 18*0.6*5.2m     |  | Block              |  | 1        |  | 12-99             |  | 0.5289                           |  | 5.5%         |  | 2%            |  | 0.5718                       
|Subtotal of Dalian   |  |                                                 |  |                                                                   |  |                    |  |                 |  |                    |  |          |  |                   |  | 94.1528                          |  |              |  |               |  | 101.7869                     
|Jilin                |  | Tower of 12th brigade                           |  | Erdao Airport                                                     |  | Mixed              |  | 25 meter height |  | Block              |  | 1        |  | 01-86             |  | 0.8731                           |  | 5.5%         |  | 2%            |  | 0.9439                       
|Urumqi               |  | Main door                                       |  | General affairs department                                        |  | Electric           |  |                 |  | Block              |  | 1        |  | 10-97             |  | 0.8953                           |  | 5.5%         |  | 2%            |  | 0.9679                       
|Total                |  |                                                 |  |                                                                   |  |                    |  |                 |  |                    |  |          |  |                   |  | 123.3154                         |  |              |  |               |  | 133.3140                     











Details of
Pipes and Trenches lease - Xinjing, Northern China





|number               |  | Pipe name                       |  | Detailed address                     |  | Length (m) |  | Depth (m)  |  | Thickness (m) |  | Material               |  | Insulation method   |  | Date of 
    completion |  | Construction 
    and 
    installation 
    unit price 
    (RMB / m) |  | Percentage of 
    brand new (%) |  | Unit price of 
    replacement 
    (RMB / m) |  | Annual rental 
    (RMB0’000 / 
    year)
|-------------------- |  | ------------------------------- |  | ------------------------------------ |  | ---------- |  | ---------- |  | ------------- |  | ---------------------- |  | ------------------- |  | ----------------------- |  | ---------------------------------------------------------------------- |  | -------------------------------- |  | --------------------------------------------- |  | -----------------------------------------
|Shenyang - 1         |  | Five Mile River water supply    |  | 5 Wen An Road,
    He Ping District  |  | 590        |  | 1.5        |  | DN150         |  | Galvanized steel pipe  |  |                     |  | 12-98                   |  | 340.00                                                                 |  | 70                               |  | 262                                           |  | 2.0054                                   
|Shenyang - 2         |  | Five Mile River drainage        |  | 5 Wen An Road,
    He Ping District  |  | 659        |  | 1.8        |  | DN600         |  | Cement pipe            |  |                     |  | 12-98                   |  | 260.00                                                                 |  | 70                               |  | 200                                           |  | 1.7098                                   
|Shenyang - 3         |  | Five Mile River drainage        |  | 5 Wen An Road,
    He Ping District  |  | 2150       |  | 1.8        |  | DN600         |  | Cement pipe            |  |                     |  | 01-98                   |  | 260.00                                                                 |  | 70                               |  | 200                                           |  | 5.5784                                   
|Shenyang - 4         |  | Five Mile River heating network |  | 5 Wen An Road,
    He Ping District  |  | 1040       |  | 1.2        |  | 200*9         |  | Welded steel pipe      |  |                     |  | 11-97                   |  | 746.27                                                                 |  | 70                               |  | 575                                           |  | 7.7578                                   
|Shenyang - 5         |  | Five Mile River heating network |  | 3 Wen An Road,
    He Ping District  |  | 2500       |  | 1.2        |  | 200           |  | Welded steel pipe      |  |                     |  | 12-97                   |  | 82.00                                                                  |  | 70                               |  | 63                                            |  | 2.0432                                   
|Subtotal of Shenyang |  |                                 |  |                                      |  |            |  |            |  |               |  |                        |  |                     |  |                         |  |                                                                        |  |                                  |  |                                               |  | 19.0946                                  
|Dalian – 1           |  | Pipe network                    |  | Bei Hang Dong Lu, Ganjingzi District |  | 20000      |  | 1.5        |  | DN200         |  | Cement pipe            |  |                     |  | 08-97                   |  | 240.00                                                                 |  | 70                               |  | 185                                           |  | 48.0001                                  
|Dalian – 2           |  | Outer wire                      |  | Bei Hang Dong Lu, Ganjingzi District |  | 20000      |  |            |  |               |  | Insulated copper wire  |  |                     |  | 08-97                   |  | 180.00                                                                 |  | 70                               |  | 139                                           |  | 36.0650                                  
|Dalian – 3           |  | Water supply                    |  | Bei Hang Dong Lu, Ganjingzi District |  | 20000      |  | 1.5        |  | DN150         |  | Galvanized steel pipe  |  |                     |  | 08-97                   |  | 128.00                                                                 |  | 70                               |  | 99                                            |  | 25.6865                                  
|Subtotal of Dalian   |  |                                 |  |                                      |  |            |  |            |  |               |  |                        |  |                     |  |                         |  |                                                                        |  |                                  |  |                                               |  | 109.752                                  
|Jilin - 1            |  | Heat supply project             |  | Erdao Airport                        |  | 3500       |  | Underneath |  | 219*7.5       |  | Welded pipe            |  | Rock wool           |  | 12-93                   |  | 315.00                                                                 |  | 60                               |  | 208                                           |  | 9.4443                                   
|Jilin – 2            |  | Gas project                     |  | Erdao Airport                        |  | 1250       |  | Underneath |  | 108*4         |  | Mold iron              |  | Anticorrosive paint |  | 12-93                   |  | 320.00                                                                 |  | 60                               |  | 211                                           |  | 3.4216                                   
|Jilin – 3            |  | Well                            |  | Erdao Airport                        |  | 20         |  | 93         |  | 259           |  | Mold iron              |  | Anticorrosive paint |  | 12-94                   |  | 4750.00                                                                |  | 60                               |  | 3139                                          |  | 0.8145                                   
|Jilin – 4            |  | Gas project                     |  | Erdao Airport                        |  | 600        |  | Underneath |  | 108*4         |  | Mold iron              |  | Anticorrosive paint |  | 07-97                   |  | 320.00                                                                 |  | 70                               |  | 247                                           |  | 1.9226                                   
|Subtotal of Jilin    |  |                                 |  |                                      |  |            |  |            |  |               |  |                        |  |                     |  |                         |  |                                                                        |  |                                  |  |                                               |  | 15.603                                   
|Heilongjiang - 1     |  | Drainage                        |  | Integrate building, pump             |  | 436        |  | 2.7        |  | DN200         |  | Mold iron              |  |                     |  | 09-95                   |  | 160.00                                                                 |  | 65                               |  | 115                                           |  | 0.6505                                   
|Heilongjiang - 2     |  | drainage                        |  | Station, sewage                      |  | 118        |  | 2.7        |  | DN150         |  | Mold iron              |  |                     |  | 09-95                   |  | 160.00                                                                 |  | 65                               |  | 115                                           |  | 0.1760                                   
|Heilongjiang – 3     |  | Drainage                        |  |                                      |  | 10         |  | 2.7        |  | DN100         |  | Mold iron              |  |                     |  | 09-95                   |  | 160.00                                                                 |  | 65                               |  | 115                                           |  | 0.0149                                   
|Heilongjiang - 4     |  | Drainage                        |  |                                      |  | 326        |  | 2.7        |  | DN200         |  | Mold iron              |  |                     |  | 09-95                   |  | 160.00                                                                 |  | 65                               |  | 115                                           |  | 0.4864                                   
|Heilongjiang - 5     |  | Drainage                        |  |                                      |  | 108        |  | 2.7        |  | DN300         |  | Mold iron              |  |                     |  | 09-95                   |  | 160.00                                                                 |  | 65                               |  | 115                                           |  | 0.1611                                   
|Heilongjiang – 6     |  | Water pipelines                 |  | Ring pipe network                    |  | 980        |  | 2          |  | DN150         |  | Mold iron              |  |                     |  | 06-95                   |  | 120.00                                                                 |  | 65                               |  | 86                                            |  | 1.0934                                   
|Heilongjiang – 7     |  | Water pipelines                 |  | Ring pipe network                    |  | 980        |  | 2          |  | DN150         |  | Mold iron              |  |                     |  | 06-97                   |  | 120.00                                                                 |  | 70                               |  | 93                                            |  | 1.1824                                   
|Heilongjiang - 8     |  | Drainage                        |  | Hangar                               |  | 880        |  | 2.3        |  | DN200         |  | Mold iron              |  |                     |  | 06-97                   |  | 160.00                                                                 |  | 70                               |  | 123                                           |  | 1.4042                                   
|Heilongjiang - 9     |  | Heating network                 |  | Heat supply                          |  | 140        |  | 1.5        |  | D377*7        |  | Concrete pipe          |  |                     |  | 09-97                   |  | 140.00                                                                 |  | 70                               |  | 108                                           |  | 0.1961                                   
|Heilongjiang - 10    |  | Heating network                 |  | Heat supply                          |  | 530        |  | 1.5        |  | D325*7        |  | Heat preservation pipe |  |                     |  | 09-97                   |  | 140.00                                                                 |  | 70                               |  | 108                                           |  | 0.7426                                   





















|Heilongjiang – 11        |  | Heating network      |  | Heat supply           |  | 220   |  | 1.5  |  | D273*6    |  | Heat preservation pipe |  |  |  | 09-97 |  | 120.00    |  | 70 |  | 93    |  | 0.2654
|------------------------ |  | -------------------- |  | --------------------- |  | ----- |  | ---- |  | --------- |  | ---------------------- |  |  |  | ----- |  | --------- |  | -- |  | ----- |  | ------
|Heilongjiang – 12        |  | Heating network      |  | Heat supply           |  | 660   |  | 1.5  |  | D159*4.5  |  | Heat preservation pipe |  |  |  | 09-97 |  | 67.50     |  | 70 |  | 52    |  | 0.4452
|Heilongjiang – 13        |  | Heating network      |  | Heat supply           |  | 420   |  | 1.5  |  | D133*4    |  | Heat preservation pipe |  |  |  | 09-97 |  | 60.00     |  | 70 |  | 46    |  | 0.2506
|Heilongjiang – 14        |  | Heating network      |  | Heat supply           |  | 240   |  | 1.5  |  | D108*4    |  | Heat preservation pipe |  |  |  | 09-97 |  | 60.00     |  | 70 |  | 46    |  | 0.1432
|Heilongjiang - 15        |  | Heating network      |  | Heat supply           |  | 220   |  | 1.5  |  | D89*4     |  | Heat preservation pipe |  |  |  | 09-97 |  | 40.00     |  | 70 |  | 31    |  | 0.0884
|Heilongjiang – 16        |  | Heating network      |  | Heat supply           |  | 460   |  | 1.5  |  | D76*4     |  | Heat preservation pipe |  |  |  | 09-97 |  | 40.00     |  | 70 |  | 31    |  | 0.1850
|Heilongjiang – 17        |  | Steam pipeline       |  | For hangar only       |  | 1110  |  | 1.5  |  | D159*4.5  |  | Heat preservation pipe |  |  |  | 10-97 |  | 90.00     |  | 70 |  | 69    |  | 0.9936
|Heilongjiang – 18        |  | Steam pipeline       |  | For hangar only       |  | 1110  |  | 1.5  |  | D108*4    |  | Heat preservation pipe |  |  |  | 10-97 |  | 60.00     |  | 70 |  | 46    |  | 0.6624
|Subtotal of Heilongjiang |  |                      |  |                       |  |       |  |      |  |           |  |                        |  |  |  |       |  |           |  |    |  |       |  | 9.1414
|Bei e - 1                |  | Heating network      |  | 89 Changjiang Road    |  | 110   |  | 1.02 |  | 80*4      |  | Heat preservation pipe |  |  |  | 10-99 |  | 40.00     |  | 75 |  | 33    |  | 0.0417
|Bei e – 2                |  | Water pipelines      |  | 89 Changjiang Road    |  | 110   |  | 1.2  |  | 50*3.5    |  | Heat preservation pipe |  |  |  | 10-99 |  | 35.00     |  | 75 |  | 29    |  | 0.0414
|Bei e – 3                |  | Sewage and drainage  |  | 89 Changjiang Road    |  | 127.4 |  | 1.85 |  | 150       |  | Mold iron              |  |  |  | 01-99 |  | 100.00    |  | 75 |  | 83    |  | 0.1372
|Bei e – 4                |  | Septic               |  | 89 Changjiang Road    |  | 2     |  |      |  | 6*4*4     |  | concrete               |  |  |  | 01-99 |  | 8,714.00  |  | 75 |  | 7197  |  | 0.1867
|Bei e – 5                |  | septic               |  | 89 Changjiang Road    |  | 1     |  |      |  | 4*2*4     |  | Concrete               |  |  |  | 01-99 |  | 4,357.00  |  | 75 |  | 3599  |  | 0.0467
|Bei e – 6                |  | Sewage and drainage  |  | 89 Changjiang Road    |  | 60    |  | 1.85 |  | 150       |  | Mold iron              |  |  |  | 01-99 |  | 100.00    |  | 75 |  | 83    |  | 0.0646
|Bei e – 7                |  | Sewage and drainage  |  | 89 Changjiang Road    |  | 70    |  | 2    |  | 200       |  | Mold iron              |  |  |  | 01-99 |  | 120.00    |  | 75 |  | 99    |  | 0.0899
|Bei e – 8                |  | Inspection well      |  | 89 Changjiang Road    |  | 18    |  | 2.3  |  |           |  | Brick                  |  |  |  | 01-99 |  | 21,000.00 |  | 75 |  | 17345 |  | 4.0503
|Bei e – 9                |  | Rain water drainage  |  | 89 Changjiang Road    |  | 350   |  |      |  | 200       |  | Cement pipe            |  |  |  | 05-00 |  | 120.00    |  | 75 |  | 99    |  | 0.4495
|Bei e – 10               |  | outfall              |  | 89 Changjiang Road    |  | 14    |  |      |  | 1.2*0.6*1 |  | Concrete               |  |  |  | 05-00 |  | 1,500.00  |  | 75 |  | 1239  |  | 0.2251
|Bei e – 11               |  | Fire control network |  | 89 Changjiang Road    |  | 330   |  | 3.2  |  |           |  | Steel pipe             |  |  |  | 10-99 |  | 95.00     |  | 75 |  | 78    |  | 0.3339
|Bei e – 12               |  | To pipeline          |  | Boiler room           |  | 96.1  |  | 2.5  |  | 200       |  | Mold iron              |  |  |  | 09-96 |  | 120.00    |  | 70 |  | 93    |  | 0.1159
|Bei e – 13               |  | To pipeline          |  | Garage                |  | 230   |  | 2.5  |  | 150       |  | Mold iron              |  |  |  | 09-96 |  | 100.00    |  | 70 |  | 77    |  | 0.2297
|Bei e – 14               |  | To pipeline          |  | Garage                |  | 136   |  | 2.5  |  | 100       |  | Mold iron              |  |  |  | 09-96 |  | 80.00     |  | 70 |  | 62    |  | 0.1094
|Bei e – 15               |  | To pipeline          |  | Garage                |  | 56    |  | 2.5  |  | 75        |  | Mold iron              |  |  |  | 09-96 |  | 60.00     |  | 70 |  | 46    |  | 0.0334
|Bei e – 16               |  | To pipeline          |  | Catering, boiler room |  | 72.5  |  | 2    |  | 50        |  | Steel pipe             |  |  |  | 09-96 |  | 30.00     |  | 70 |  | 23    |  | 0.0216
|Bei e – 17               |  | To pipeline          |  | Room, garage          |  | 435   |  | 2.4  |  | 200       |  | Steel concrete         |  |  |  | 09-96 |  | 120.00    |  | 70 |  | 93    |  | 0.5249
|Bei e – 18               |  | To pipeline          |  | Room, garage          |  | 20    |  | 2    |  | 125       |  | Steel pipe             |  |  |  | 09-96 |  | 80.00     |  | 70 |  | 62    |  | 0.0161
|Bei e – 19               |  | To pipeline          |  | Room, garage          |  | 5     |  | 2    |  | 80        |  | Steel pipe             |  |  |  | 09-96 |  | 60.00     |  | 70 |  | 46    |  | 0.0030
|Bei e – 20               |  | drainage             |  | Integrate building    |  | 436   |  | 2.7  |  | 200       |  | Mold iron              |  |  |  | 09-95 |  | 120.00    |  | 70 |  | 93    |  | 0.5261
|Bei e – 21               |  | drainage             |  | Sewage                |  | 118   |  | 2.7  |  | 150       |  | Mold iron              |  |  |  | 09-95 |  | 100.00    |  | 70 |  | 77    |  | 0.1178
|Bei e – 22               |  | drainage             |  | Treatment plant       |  | 10    |  | 2.7  |  | 100       |  | Mold iron              |  |  |  | 09-95 |  | 80.00     |  | 70 |  | 62    |  | 0.0080





















|Bei e –
    23    |  | drainage       |  |                         |  | 326  |  | 3   |  | 200     |  | Mold iron              |  |  |  | 09-95 |  | 120.00 |  | 70 |  | 93  |  | 0.3933 
|----------------- |  | -------------- |  | ----------------------- |  | ---- |  | --- |  | ------- |  | ---------------------- |  |  |  | ----- |  | ------ |  | -- |  | --- |  | -------
|Bei e – 24        |  | drainage       |  |                         |  | 108  |  | 5.5 |  | 300     |  | Mold iron              |  |  |  | 09-95 |  | 150.00 |  | 70 |  | 116 |  | 0.1625 
|Bei e – 25        |  | Water pipeline |  | Ring pipe network       |  | 980  |  | 2   |  | 150     |  | Mold iron              |  |  |  | 06-97 |  | 100.00 |  | 70 |  | 77  |  | 0.9789 
|Bei e – 26        |  | Water pipeline |  | Ring pipe network       |  | 1040 |  | 2   |  | 200     |  | Mold iron              |  |  |  | 06-97 |  | 120.00 |  | 70 |  | 93  |  | 1.2547 
|Bei e – 27        |  | Drainage       |  | Hangar, pumping station |  | 880  |  | 2   |  | 200     |  | Concrete               |  |  |  | 06-97 |  | 120.00 |  | 70 |  | 93  |  | 1.0617 
|Bei e – 28        |  | Heat network   |  | Heat supply             |  | 140  |  | 1.5 |  | 377*7   |  | Heat preservation pipe |  |  |  | 09-97 |  | 140.00 |  | 70 |  | 108 |  | 0.1961 
|Bei e – 29        |  | Heat network   |  | Heat supply             |  | 530  |  | 1.5 |  | 325*7   |  | Heat preservation pipe |  |  |  | 09-97 |  | 120.00 |  | 70 |  | 93  |  | 0.6395 
|Bei e – 30        |  | Heat network   |  | Heat supply             |  | 220  |  | 1.5 |  | 273*6   |  | Heat preservation pipe |  |  |  | 09-97 |  | 140.00 |  | 70 |  | 108 |  | 0.3082 
|Bei e – 31        |  | Heat network   |  | Heat supply             |  | 600  |  | 1.5 |  | 159*4.5 |  | Heat preservation pipe |  |  |  | 09-97 |  | 45.00  |  | 70 |  | 35  |  | 0.2724 
|Bei e – 32        |  | Heat network   |  | Heat supply             |  | 420  |  | 1.5 |  | 133*4   |  | Heat preservation pipe |  |  |  | 09-97 |  | 40.00  |  | 70 |  | 31  |  | 0.1689 
|Bei e – 33        |  | Heat network   |  | Heat supply             |  | 240  |  | 1.5 |  | 108*4   |  | Heat preservation pipe |  |  |  | 09-97 |  | 40.00  |  | 70 |  | 31  |  | 0.0965 
|Bei e – 34        |  | Heat network   |  | Heat supply             |  | 220  |  | 1.5 |  | 89*4    |  | Heat preservation pipe |  |  |  | 09-97 |  | 40.00  |  | 70 |  | 31  |  | 0.0884 
|Bei e – 35        |  | Heat network   |  | Heat supply             |  | 460  |  | 1.5 |  | 76*4    |  | Heat preservation pipe |  |  |  | 07-97 |  | 40.00  |  | 70 |  | 31  |  | 0.1850 
|Bei e – 36        |  | Steam pipeline |  | For hangar only         |  | 1110 |  | 1.5 |  | 159*4.5 |  | Heat preservation pipe |  |  |  | 10-97 |  | 90.00  |  | 70 |  | 69  |  | 0.9936 
|Bei e – 37        |  | Steam pipeline |  | For hangar only         |  | 1110 |  | 1.5 |  | 108*4   |  | Heat preservation pipe |  |  |  | 10-97 |  | 80.00  |  | 70 |  | 62  |  | 0.8928 
|Bei e – 38        |  | Cable channel  |  |                         |  | 500  |  | 1   |  | 800     |  |                        |  |  |  | 10-98 |  | 110.00 |  | 75 |  | 91  |  | 0.5903 
|Bei e – 39        |  | Cable channel  |  |                         |  | 500  |  | 1   |  | 800     |  |                        |  |  |  | 10-98 |  | 110.00 |  | 75 |  | 91  |  | 0.5903 
|Subtotal of Bei e |  |                |  |                         |  |      |  |     |  |         |  |                        |  |  |  |       |  |        |  |    |  |     |  | 16.2514
|Total             |  |                |  |                         |  |      |  |     |  |         |  |                        |  |  |  |       |  |        |  |    |  |     |  | 169.842











Details of
land lease – Airline catering and services





|Serialnumber |  | Land use number            |  | Land use  Name                            |  | Land user onvaluation referencedate                                |  | Certificate no. of landproperty        |  | Land use location                                    |  | Land use termsby valuation(years) |  | Area of Land(m2) |  | Gross netincome of land(RMB0’000 /year) |  | Unit price ofland use tax(RMB / year) |  | Tax rate ofbusiness tax(based on grossrental) |  | Rate ofmanagementfee (based ongross rental) |  | Annual LandRental(RMB0’000 /year)
|------------ |  | -------------------------- |  | ----------------------------------------- |  | ------------------------------------------------------------------ |  | -------------------------------------- |  | ---------------------------------------------------- |  | --------------------------------- |  | ---------------- |  | --------------------------------------- |  | ------------------------------------- |  | --------------------------------------------- |  | ------------------------------------------- |  | ---------------------------------
|1            |  | Liao – Shenyang – shou - 1 |  | Land use For Measurement and catering     |  | China Southern Airlines Company Limited                            |  | Dong Ling Gao Yong (2004) No. 02506    |  | Taoxian, Dongling district, Shenyang                 |  | 43.2                              |  | 5156.6           |  | 16.0296                                 |  | 2.0000                                |  | 5.5%                                          |  | 2.5%                                        |  | 18.5445                          
|2            |  | Xin – Urumqi – shou – 1    |  | Airline catering                          |  | China Southern Airlines Company Limited                            |  | Niao Gao Yong (2004) No. 0008754       |  | 46 Yingbin road, New City                            |  | 42.1                              |  | 14269.36         |  | 46.8102                                 |  | 1.5                                   |  | 5.5%                                          |  | 2.5%                                        |  | 53.2072                          
|3            |  | Hei – Harbin – shou -1     |  | Airline catering                          |  | China Southern Airlines Company Limited                            |  | Har Gao Yong (2004) No. 16344          |  | Yanjiagang Airport, Hang District                    |  | 43.3                              |  | 6962             |  | 23.6809                                 |  | 2.0000                                |  | 5.5%                                          |  | 2.5%                                        |  | 27.2536                          
|4            |  | Liao – Dalian – chu - 1    |  | Dalian North-based International Building |  | Dalian North-based International Building, Free Trade Zone, Dalian |  | Free Trade Zone Gao Yong (01) No. 4002 |  | Storage and Procession zone, Free Trade Zone, Dalian |  | 32.7                              |  | 7752             |  | 192.8074                                |  | 6.0000                                |  | 5.5%                                          |  | 2.5%                                        |  | 214.6289                         
|Total        |  |                            |  |                                           |  |                                                                    |  |                                        |  |                                                      |  |                                   |  | 34139.96         |  | 279.3281                                |  |                                       |  |                                               |  |                                             |  | 313.6342                         











Details of
Building lease – Airline Catering and services





|Serial number                          |  | Building name                      |  | Use         |  | Detailed address                                         |  | structure          |  | No. of floor |  | Lettable area(m2) |  | Date ofcompletion |  | Annual netincome ofproperty(RMB0’000 /year) |  | Propertyinsurance(RMB / year) |  | Property tax |  | Business tax |  | Managementfee |  | PropertyAnnual rental(RMB0’000 /year)
|-------------------------------------- |  | ---------------------------------- |  | ----------- |  | -------------------------------------------------------- |  | ------------------ |  | ------------ |  | ----------------- |  | ----------------- |  | ------------------------------------------- |  | ----------------------------- |  | ------------ |  | ------------ |  | ------------- |  | -------------------------------------
|Shenyang                               |  | Third production building          |  | Office      |  | 3 Xiaobei Street (Xiao Bei Jie), Dadong District         |  | Brick and concrete |  | 5            |  | 1,123.00          |  | 1983-12-1         |  | 9.3187                                      |  | 0.1932                        |  | 12%          |  | 5.5%         |  | 2%            |  | 11.7251                              
|Subtotal of Shenyang                   |  |                                    |  |             |  |                                                          |  |                    |  |              |  | 1,123.00          |  |                   |  | 9.3187                                      |  |                               |  |              |  |              |  |               |  | 11.7251                              
|Dalian – 1                             |  | Integrated maintenance building    |  | Office      |  | Bei Hang Dong Lu, Ganjingzi District, Dalian             |  | Frame              |  | 5            |  | 198.42            |  | 1998-11-1         |  | 1.591                                       |  | 0.0376                        |  | 12%          |  | 5.5%         |  | 2%            |  | 2.1255                               
|Dalian – 2                             |  | Integrated Operations building     |  | Office      |  | 65 Ying Ke Raod, Ganjingzi District, Dalian              |  | Frame              |  | 5            |  | 638.00            |  | 1998-11-1         |  | 5.7255                                      |  | 0.1354                        |  | 12%          |  | 5.5%         |  | 2%            |  | 7.2615                               
|Dalian – 3                             |  | Customs control room               |  | Office      |  | Bei Hang Dong Lu, Ganjingzi District, Dalian             |  |                    |  | 1            |  | 4,400.00          |  | 2004-6-30         |  | 35.894                                      |  | 0.8659                        |  | 12%          |  | 5.5%         |  | 2%            |  | 44.7379                              
|Dalian – 4                             |  | North-based International Building |  | Office      |  | Warehousing and processing zone, Free Trade Zone, Dalian |  | Brick and concrete |  | 6            |  | 8,201.76          |  | 2000-4-1          |  | 74.0672                                     |  | 1.7617                        |  | 12%          |  | 5.5%         |  | 2%            |  | 92.1580                              
|Subtotal of Dalian                     |  |                                    |  |             |  |                                                          |  |                    |  |              |  | 13,438.18         |  |                   |  | 117.28                                      |  |                               |  |              |  |              |  |               |  | 146.28                               
|Changchun                              |  | Gas station                        |  | Gas station |  | Erdao Airport                                            |  | Mixed              |  | 1            |  | 159.00            |  | 1998-12-1         |  | 0.6667                                      |  | 0.0158                        |  | 12%          |  | 5.5%         |  | 2%            |  | 0.9774                               
|Subtotal of Changchun                  |  |                                    |  |             |  |                                                          |  |                    |  |              |  | 159.00            |  |                   |  | 0.67                                        |  |                               |  |              |  |              |  |               |  | 0.98                                 
|Harbin – 1                             |  | Integrated office building         |  | Office      |  | 1st and 2nd floor, 1 Ping Shun Street                    |  | Frame              |  | 2            |  | 268.72            |  | 1990-12-1         |  | 1.4019                                      |  | 0.0334                        |  | 12%          |  | 5.5%         |  | 2%            |  | 1.8906                               
|Harbin - 2                             |  | Garage                             |  | Garage      |  | Harbin Taiping International Airport                     |  | Brick and concrete |  | 1            |  | 227.75            |  | 1994-12-1         |  | 1.215                                       |  | 0.0282                        |  | 12%          |  | 5.5%         |  | 2%            |  | 1.6584                               
|Subtotal of Dalian                     |  |                                    |  |             |  |                                                          |  |                    |  |              |  | 496.47            |  |                   |  | 2.62                                        |  |                               |  |              |  |              |  |               |  | 3.55                                 
|Bei e – 1                              |  | Maintenance building               |  | Office      |  | Harbin Taiping International Airport                     |  | Brick and concrete |  | 3            |  | 172.79            |  | 1977-12-1         |  | 0.6961                                      |  | 0.0127                        |  | 12%          |  | 5.5%         |  | 2%            |  | 1.0138                               
|Bei e – 2                              |  | Garage                             |  | Garage      |  | Harbin Taiping International Airport                     |  | Brick and concrete |  | 1            |  | 69.80             |  | 1994-12-1         |  | 0.2374                                      |  | 0.0055                        |  | 12%          |  | 5.5%         |  | 2%            |  | 0.4440                               
|Bei e – 3                              |  | Garage                             |  | Garage      |  | Harbin Taiping International Airport                     |  | Brick and concrete |  | 1            |  | 157.95            |  | 1996-12-1         |  | 0.5703                                      |  | 0.0134                        |  | 12%          |  | 5.5%         |  | 2%            |  | 0.8575                               
|Subtotal of Bei e                      |  |                                    |  |             |  |                                                          |  |                    |  |              |  | 400.54            |  |                   |  | 1.50                                        |  |                               |  |              |  |              |  |               |  | 2.32                                 
|Urumqi – catering - 1                  |  | Catering truck garage              |  | office      |  | 46 Yingbin road, New City                                |  | brick and concrete |  | 1            |  | 417.57            |  | 1994-7-1          |  | 2.2298                                      |  | 0.0515                        |  | 12%          |  | 5.5%         |  | 2%            |  | 2.9190                               
|Urumqi – catering – 2                  |  | Catering area (25 items)           |  | office      |  | 46 Yingbin road, New City                                |  | Brick and concrete |  | 3            |  | 3,300.00          |  | 1999-12-31        |  | 65.1615                                     |  | 1.5484                        |  | 12%          |  | 5.5%         |  | 2%            |  | 81.0950                              
|Urumqi – catering – 3                  |  | Catering room                      |  | office      |  | 46 Yingbin road, New City                                |  | Brick and concrete |  | 1            |  | 800.00            |  | 1994-12-1         |  | 13.4733                                     |  | 0.3122                        |  | 12%          |  | 5.5%         |  | 2%            |  | 16.8861                              
|Urumqi – catering – 4                  |  | Catering area                      |  | office      |  | 46 Yingbin road, New City                                |  | Brick and concrete |  | 1            |  | 789.28            |  | 1986-12-1         |  | 2.9001                                      |  | 0.0627                        |  | 12%          |  | 5.5%         |  | 2%            |  | 3.7517                               
|Urumqi – catering – 5                  |  | Catering area (2nd phase)          |  | office      |  | 46 Yingbin road, New City                                |  | Brick and concrete |  | 2            |  | 1,254.00          |  | 1992-12-1         |  | 4.8593                                      |  | 0.1111                        |  | 12%          |  | 5.5%         |  | 2%            |  | 6.1855                               
|Urumqi – catering – 6                  |  | Gas room                           |  | office      |  | 46 Yingbin road, New City                                |  | Brick and concrete |  | 1            |  | 100.00            |  | 1999-12-1         |  | 0.4345                                      |  | 0.0103                        |  | 12%          |  | 5.5%         |  | 2%            |  | 0.6888                               
|Subtotal of airline catering of Urumqi |  |                                    |  |             |  |                                                          |  |                    |  |              |  | 6,660.85          |  |                   |  | 89.06                                       |  | 2.10                          |  |              |  |              |  |               |  | 111.53                               
|Total                                  |  |                                    |  |             |  |                                                          |  |                    |  |              |  | 22,278.04         |  |                   |  | 220.44                                      |  | 2.10                          |  |              |  |              |  |               |  | 276.3758                             











Details of
Buildings and other ancillary facilities lease – Airline catering and services





|Serial number         |  | Building name                                   |  | Detailed address         |  | structure |  | Size     |  | Measurement unit |  | quantity |  | Date of completion |  | Annual net income(RMB0’000 / year) |  | Business tax rate |  | Management fee rate |  | Annual rental(RMB0’000 / year)
|--------------------- |  | ----------------------------------------------- |  | ------------------------ |  | --------- |  | -------- |  | ---------------- |  | -------- |  | ------------------ |  | ---------------------------------- |  | ----------------- |  | ------------------- |  | ------------------------------
|Urumqi – catering – 1 |  | Enclosures door of supplies department of plane |  | Airline catering company |  | electric  |  | B6.h1.8m |  | piece            |  | 1        |  | 12-00              |  | 2.73                               |  | 5.5%              |  | 2%                  |  | 2.9514