Lease Agreement of Nanyang Base Assets



This agreement was entered into in Guangzhou between parties
as follows on 24 January 2013:



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

At:

Legal representative:



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

At:

Legal representative:



Whereas, there are development needs of Party B, the parties
hereto agree, after amicable consultations, on matters relating to leasing of properties of Party A to Party B as follows:



| | Clause 1 | Commitments
| | -------- | -----------

| | 1. | Party A is a validly existing Chinese company licensed by administrative department of business administration authorities
under related requirements of laws and regulations of China and the obligation of annual inspection has been performed in compliance
with related requirements.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2. | Party A lawfully owns the complete legal title of the properties as listed in the annex hereto.
| | -- | -----------------------------------------------------------------------------------------------

| | 3. | Party B is a validly existing Chinese company licensed by administrative department of business administration authorities
under related requirements of laws and regulations of China and the obligation of annual inspection has been performed in compliance
with related requirements.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | Clause 2 | Leasing properties
| | -------- | ------------------

Party B shall lease from Party A properties as listed
in the annex hereto where rentals thereof shall be determined by the parties hereto under a equitable and fair principle not higher
than average rental in the same area and lot.



| | Clause 3 | Term of this agreement
| | -------- | ----------------------

The parties hereto agree that term of the leasing be
one year commencing from 1 January 2012 and ending on 31 December 2012 where upon expiry such parties may determine on termination
or renewal thereof according to actual situations.



1







| | Clause 4 | Rights and obligations
| | -------- | ----------------------

| | (I) | Rights and obligations of Party A
| | --- | ---------------------------------

| | 1. | The rentals shall be collected in accordance herewith where invoice thereof shall be issued within 15 business days from the
date on which rental to be paid by Party B become due;
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2. | The leasing properties shall be delivered to Party B for its use in a timely manner as stipulated hereunder;
| | -- | ------------------------------------------------------------------------------------------------------------

| | 3. | Periodic safety inspection of and repair expenses arising from ordinary wear and tear of main structures of the properties
as listed in the annex hereto shall be borne by Party A; and
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4. | Property tax and land use tax on properties as listed in the annex hereto shall be borne by Party A.
| | -- | ----------------------------------------------------------------------------------------------------



| | (II) | Rights and obligations of Party B
| | ---- | ---------------------------------

| | 1. | The rentals shall be paid in a timely manner to Party A in accordance herewith quarterly where one-fourth of rentals of the
year shall be paid by Party B before the 15th date of the first month of every quarter.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2. | Utilities and other expenses related to property management occurring during the term hereof shall be borne by Party B;
| | -- | -----------------------------------------------------------------------------------------------------------------------

| | 3. | Party B shall submit declaration of and pay on behalf of Party A property tax and land use tax in accordance with related requirements
of local tax authorities which shall be borne and reimbursed by Party A to Party B, settled quarterly and annually respectively,
within 15 business days from provision of original of tax payment proof and an asset list included in tax returns; and
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4. | Such properties, including their ancillary facilities, shall be utilized strictly as use thereof with care and ordinarily and
no dangerous materials such as inflammable and explosive articles shall be illegally placed within such properties.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | Clause 5 | Transaction cap
| | -------- | ---------------

The parties hereto agree that rental of 2012 shall
be RMB12,441,306, details of which are described in the annex hereto.



2







| | Clause 6 | Force majeure
| | -------- | -------------

| | 1. | Where the parties hereto become unable to perform this agreement due to force majeure, such parties are not liable to such
non-performance and this agreement shall be terminated automatically. Where any part hereof become unable to be performed due to
the same, obligations under such part on the party to whom the same occurs shall be exempted according to effect of the same, provided
that such other part as not affected thereby shall be performed and that no liability of default prior to occurrence of the same
shall be exempted.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Force majeure represents objective situations impossible
to be foreseen, avoided or overcome, including, without limitation, wars, epidemics, strikes, earthquakes and floods.

| | 2. | Any party unable to perform this agreement due to force majeure shall inform the other party in a timely manner within 48 hours
therefrom in order to minimize loss to such other party and provide proof thereof within 15 business days, provided that such time
limits may be extended according to actual situations if such party fails to do so with reasonable explanation.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | Clause 7 | Settlement of disputes
| | -------- | ----------------------

Any dispute arising from entering into or performing
this agreement shall be resolved through amicable consultation between the parties hereto and, if cannot be so resolved, may be
brought by any party to the People’s court with jurisdiction.



| | Clause 8 | Miscellaneous
| | -------- | -------------

| | (I) | This agreement shall be effective from the date of execution;
| | --- | -------------------------------------------------------------

| | (II) | Any matter not mentioned herein shall be stipulated in a separate supplemental agreement which shall have the same effect hereas;
and
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------

| | (III) | This agreement is of six copies of the same effect, each party shall hold three of which.
| | ----- | -----------------------------------------------------------------------------------------



|[seal]                                      | [seal]                                          
|------------------------------------------- | ------------------------------------------------
|Party A: China Southern Air Holding Company | Party B: China Southern Airlines Company Limited
|Legal representative: [s.d.]                | Legal representative: [s.d.]                    



3







Rent summary (Nanyang)



|Rent (dollar)                          |  |           |  |            |  |           |  |           
|-------------------------------------- |  | --------- |  | ---------- |  | --------- |  | ----------
|Location                               |  | Land      |  | Properties |  | Buildings |  | Total     
|Nanyang (Rent of January to September) |  | 2,712,150 |  | 453,380    |  | 1,710,984 |  | 4,876,514 
|Location                               |  | Land      |  | Properties |  | Buildings |  | Total     
|Nanyang (Rent of October to December)  |  | 6,250,655 |  | 111,030    |  | 1,203,107 |  | 7,564,792 
|                                       |  |           |  |            |  |           |  |           
|Total (Rent of 2012)                   |  |           |  |            |  |           |  | 12,441,306



4







Breakdown of land rent (January to September)



|No.     |  | Name of Land Parcel                        |  | Lease area (m2) |  |  | Base rent (yuan) |           |  | Rent total of January to September | 
|------- |  | ------------------------------------------ |  | --------------- |  |  | ---------------- | --------- |  | ---------------------------------- | 
|Nanyang |  |                                            |  |                 |  |  |                  | 3,280,000 |  |                                    | 
|1       |  | Transmitting station                       |  | 20,782.00       |  |  |                  | 48,000    |  |                                    | 
|2       |  | South near station                         |  | 2,301.00        |  |  |                  | 5,000     |  |                                    | 
|3       |  | North near station                         |  | 3,478.00        |  |  |                  | 8,000     |  |                                    | 
|4       |  | South far station                          |  | 4,323.00        |  |  |                  | 9,000     |  |                                    | 
|5       |  | Oil truck garage                           |  | 29,112.00       |  |  |                  | 67,000    |  |                                    | 
|6       |  | Departure and air traffic control building |  | 1,019,730.00    |  |  |                  | 2,353,000 |  |                                    | 
|7       |  | Airport approach Road                      |  | 20,962.00       |  |  |                  | 48,000    |  |                                    | 
|8       |  | Apron expansion                            |  | 21,308.95       |  |  |                  | 49,000    |  |                                    | 
|9       |  | Runway contact road expansion              |  | 165,101.94      |  |  |                  | 380,000   |  |                                    | 
|10      |  | South Terminal                             |  | 13,113.40       |  |  |                  | 148,000   |  |                                    | 
|11      |  | Supermarket facade room                    |  | 9,304.70        |  |  |                  | 105,000   |  |                                    | 
|12      |  | Funding raising facade room                |  | 5,450.8         |  |  |                  | 60,000    |  |                                    | 



5







Breakdown of properties rent (January to
September)



|No. |  | Properties                |  | Address         |  | Lease area(m2) |  |  | Base rent (yuan) |            |  | Rent total of January to September | 
|--- |  | ------------------------- |  | --------------- |  | -------------- |  |  | ---------------- | ---------- |  | ---------------------------------- | 
|    |  |                           |  |                 |  |                |  |  |                  |            |  |                                    | 
|    |  |                           |  |                 |  |                |  |  |                  | 548,305.12 |  |                                    | 
|1   |  | Transmitting station      |  | Nanyang Airport |  | 298.42         |  |  |                  | 9,638.97   |  |                                    | 
|2   |  | Far station               |  | Nanyang Airport |  | 74.07          |  |  |                  | 2,392.46   |  |                                    | 
|3   |  | Lifting platform          |  | Nanyang Airport |  | 73.95          |  |  |                  | 2,388.59   |  |                                    | 
|4   |  | North near station        |  | Nanyang Airport |  | 89.81          |  |  |                  | 2,900.86   |  |                                    | 
|5   |  | South near station        |  | Nanyang Airport |  | 82.93          |  |  |                  | 2,678.64   |  |                                    | 
|6   |  | South far station         |  | Nanyang Airport |  | 237.17         |  |  |                  | 7,660.59   |  |                                    | 
|7   |  | Oil truck garage          |  | Nanyang Airport |  | 131.67         |  |  |                  | 4,252.94   |  |                                    | 
|8   |  | Oil depot – Security room |  | Nanyang Airport |  | 177.19         |  |  |                  | 5,723.24   |  |                                    | 
|9   |  | Oil depot – Duty room     |  | Nanyang Airport |  | 227.82         |  |  |                  | 7,358.59   |  |                                    | 
|10  |  | Oil depot – Duty room     |  | Nanyang Airport |  | 261.63         |  |  |                  | 8,450.65   |  |                                    | 
|11  |  | Oil depot – Duty room     |  | Nanyang Airport |  | 68.34          |  |  |                  | 2,207.38   |  |                                    | 
|12  |  | Oil depot – Garage        |  | Nanyang Airport |  | 327.44         |  |  |                  | 10,576.31  |  |                                    | 



6







|No. |  | Properties                                 |  | Address         |  | Lease area(m2) |  |  | Base rent (yuan) |            |  | Rent total of January to September | 
|--- |  | ------------------------------------------ |  | --------------- |  | -------------- |  |  | ---------------- | ---------- |  | ---------------------------------- | 
|    |  |                                            |  |                 |  |                |  |  |                  |            |  |                                    | 
|13  |  | Oil depot – A room                         |  | Nanyang Airport |  | 22.47          |  |  |                  | 725.78     |  |                                    | 
|14  |  | Oil depot – Refueling room                 |  | Nanyang Airport |  | 95.76          |  |  |                  | 3,093.05   |  |                                    | 
|15  |  | Oil depot – Pump room                      |  | Nanyang Airport |  | 220.23         |  |  |                  | 7,113.43   |  |                                    | 
|16  |  | Oil depot – B room                         |  | Nanyang Airport |  | 39.69          |  |  |                  | 1,281.99   |  |                                    | 
|17  |  | Oil depot – Pump room                      |  | Nanyang Airport |  | 233.55         |  |  |                  | 7,513.67   |  |                                    | 
|18  |  | Tool                                       |  | Nanyang Airport |  | 170.4          |  |  |                  | 5,503.92   |  |                                    | 
|19  |  | Newly built hanger                         |  | Nanyang Airport |  | 1,224          |  |  |                  | 39,535.20  |  |                                    | 
|20  |  | Detention centre                           |  | Nanyang Airport |  | 59.49          |  |  |                  | 1,921.53   |  |                                    | 
|21  |  | Base garage                                |  | Nanyang Airport |  | 430.24         |  |  |                  | 13,896.75  |  |                                    | 
|22  |  | Departure and air traffic control building |  | Nanyang Airport |  | 5,240.01       |  |  |                  | 169,252.32 |  |                                    | 
|23  |  | Terminal security room                     |  | Nanyang Airport |  | 20.14          |  |  |                  | 650.52     |  |                                    | 
|24  |  | Terminal police station garage             |  | Nanyang Airport |  | 86.58          |  |  |                  | 2,796.53   |  |                                    | 
|25  |  | Terminal duty room                         |  | Nanyang Airport |  | 294.4          |  |  |                  | 9,509.12   |  |                                    | 
|26  |  | Terminal living quarters                   |  | Nanyang Airport |  | 250.5          |  |  |                  | 8,091.15   |  |                                    | 
|27  |  | Terminal substation                        |  | Nanyang Airport |  | 433.56         |  |  |                  | 14,003.99  |  |                                    | 



7







|No. |  | Properties                      |  | Address         |  | Lease area(m2) |  |  | Base rent (yuan) |           |  | Rent total of January to September | 
|--- |  | ------------------------------- |  | --------------- |  | -------------- |  |  | ---------------- | --------- |  | ---------------------------------- | 
|    |  |                                 |  |                 |  |                |  |  |                  |           |  |                                    | 
|28  |  | Terminal substation             |  | Nanyang Airport |  | 419.42         |  |  |                  | 13,547.27 |  |                                    | 
|29  |  | Terminal freight warehouse      |  | Nanyang Airport |  | 264.78         |  |  |                  | 8,552.39  |  |                                    | 
|30  |  | Terminal boiler room            |  | Nanyang Airport |  | 372.57         |  |  |                  | 12,034.01 |  |                                    | 
|31  |  | Terminal staff canteen          |  | Nanyang Airport |  | 319.7          |  |  |                  | 10,326.31 |  |                                    | 
|32  |  | Terminal staff hospital         |  | Nanyang Airport |  | 349.32         |  |  |                  | 11,283.04 |  |                                    | 
|33  |  | Terminal special garage         |  | Nanyang Airport |  | 527.72         |  |  |                  | 17,045.36 |  |                                    | 
|34  |  | Terminal water plant duty room  |  | Nanyang Airport |  | 15.8           |  |  |                  | 510.34    |  |                                    | 
|35  |  | Terminal pumping station        |  | Nanyang Airport |  | 40.95          |  |  |                  | 1,322.69  |  |                                    | 
|36  |  | Terminal deep well pump station |  | Nanyang Airport |  | 20.5           |  |  |                  | 662.15    |  |                                    | 
|37  |  | Terminal weather building       |  | Nanyang Airport |  | 676.8          |  |  |                  | 21,860.64 |  |                                    | 
|38  |  | Terminal maintenance workshop   |  | Nanyang Airport |  | 153.54         |  |  |                  | 4,959.34  |  |                                    | 
|39  |  | Terminal maintenance building   |  | Nanyang Airport |  | 268.54         |  |  |                  | 8,673.84  |  |                                    | 
|40  |  | Terminal maintenance building   |  | Nanyang Airport |  | 426.4          |  |  |                  | 13,772.72 |  |                                    | 
|41  |  | Terminal maintenance workshop   |  | Nanyang Airport |  | 206.15         |  |  |                  | 6,658.65  |  |                                    | 
|42  |  | Terminal maintenance workshop   |  | Nanyang Airport |  | 37.2           |  |  |                  | 1,201.56  |  |                                    | 
|43  |  | Terminal maintenance workshop   |  | Nanyang Airport |  | 94.24          |  |  |                  | 3,043.95  |  |                                    | 
|44  |  | Terminal maintenance workshop   |  | Nanyang Airport |  | 214.67         |  |  |                  | 6,933.84  |  |                                    | 



8







|No. |  | Properties                                  |  | Address         |  | Lease area(m2) |  |  | Base rent (yuan) |           |  | Rent total of January to September | 
|--- |  | ------------------------------------------- |  | --------------- |  | -------------- |  |  | ---------------- | --------- |  | ---------------------------------- | 
|    |  |                                             |  |                 |  |                |  |  |                  |           |  |                                    | 
|45  |  | Terminal fire services tower                |  | Nanyang Airport |  | 155.04         |  |  |                  | 5,007.79  |  |                                    | 
|46  |  | Terminal fire services dormitory and garage |  | Nanyang Airport |  | 811.69         |  |  |                  | 26,217.59 |  |                                    | 
|47  |  | Terminal service duty room                  |  | Nanyang Airport |  | 728.91         |  |  |                  | 23,543.79 |  |                                    | 



9







Breakdown of building rent (January to
September)



|No. |  | Building                        |  | Address         |  | Base rent (yuan) |           |  | Rent total of January to September | 
|--- |  | ------------------------------- |  | --------------- |  | ---------------- | --------- |  | ---------------------------------- | 
|    |  |                                 |  |                 |  |                  | 2,069,218 |  |                                    | 
|1   |  | 39186 m2Asphalt road            |  | Nanyang Airport |  |                  | 121,671   |  |                                    | 
|2   |  | Drainage iron pipe              |  | Nanyang Airport |  |                  | 141,494   |  |                                    | 
|3   |  | Water tower                     |  | Nanyang Airport |  |                  | 2,215     |  |                                    | 
|4   |  | Apron contact road              |  | Nanyang Airport |  |                  | 843,335   |  |                                    | 
|5   |  | Apron electric cable            |  | Nanyang Airport |  |                  | 758       |  |                                    | 
|6   |  | Maintenance wall                |  | Nanyang Airport |  |                  | 567       |  |                                    | 
|7   |  | Maintenance road                |  | Nanyang Airport |  |                  | 1,711     |  |                                    | 
|8   |  | Generating chamber installation |  | Nanyang Airport |  |                  | 2,887     |  |                                    | 
|9   |  | Drainage bridge                 |  | Nanyang Airport |  |                  | 692       |  |                                    | 
|10  |  | Passenger apron installation    |  | Nanyang Airport |  |                  | 1,154     |  |                                    | 
|11  |  | Y-7 Apron                       |  | Nanyang Airport |  |                  | 484,64    |  |                                    | 
|12  |  | Yun Wu Ming Gou                 |  | Nanyang Airport |  |                  | 246       |  |                                    | 
|13  |  | Apron navigation aids light     |  | Nanyang Airport |  |                  | 3,849     |  |                                    | 
|14  |  | Y-5 Apron                       |  | Nanyang Airport |  |                  | 2,026     |  |                                    | 



10







|No. |  | Building                           |  | Address         |  | Base rent (yuan) |         |  | Rent total of January to September | 
|--- |  | ---------------------------------- |  | --------------- |  | ---------------- | ------- |  | ---------------------------------- | 
|15  |  | Fire services pipe                 |  | Nanyang Airport |  |                  | 3,849   |  |                                    | 
|16  |  | Terminal area roads                |  | Nanyang Airport |  |                  | 4,667   |  |                                    | 
|17  |  | Apron expansion                    |  | Nanyang Airport |  |                  | 870,849 |  |                                    | 
|18  |  | Gate renovation of Nanyang Airport |  | Nanyang Airport |  |                  | 18,784  |  |                                    | 



11







Breakdown of land rent (October to December)



|No.     |  | No.
    of land title certificate         |  | Name
    of land parcel                                                        |  | Use                           |  | Nature               |  | Area
    (m2) |  |  | Annual
    rent (yuan/year) |               |  | Rent
    of October to December | 
|------- |  | ----------------------------------------- |  | ------------------------------------------------------------------------------ |  | ----------------------------- |  | -------------------- |  | ------------- |  |  | --------------------------- | ------------- |  | ------------------------------- | 
|        |  |                                           |  |                                                                                |  |                               |  |                      |  |               |  |  |                             |               |  |                                 | 
|Nanyang |  |                                           |  |                                                                                |  |                               |  |                      |  |               |  |  |                             |               |  |                                 | 
|1       |  | Wan Shi Tu
    Guo Yong 
(2005) No. 02585 |  | Transmitting
    station                                                       |  | Civil airport                 |  | Transfer             |  | 20,782.00     |  |  |                             | 367,978.00    |  |                                 | 
|2       |  | Wan Shi Tu Guo Yong 
(2005)
    No. 02583 |  | South near station                                                             |  | Civil airport                 |  | Transfer             |  | 2,301.00      |  |  |                             | 40,739.00     |  |                                 | 
|3       |  | Wan Shi Tu Guo Yong 
(2005)
    No. 02580 |  | North near station                                                             |  | Civil airport                 |  | Transfer             |  | 3,478.00      |  |  |                             | 61,580.00     |  |                                 | 
|4       |  | Wan Shi Tu Guo Yong 
(2005)
    No. 02581 |  | South far station                                                              |  | Civil airport                 |  | Transfer             |  | 4,323.00      |  |  |                             | 76,544.00     |  |                                 | 
|5       |  | Wan Shi Tu Guo Yong 
(2005)
    No. 02579 |  | Oil truck garage                                                               |  | Civil airport                 |  | Transfer             |  | 29,112.00     |  |  |                             | 515,467.00    |  |                                 | 
|6       |  | Wan Shi Tu Guo Yong 
(2005)
    No. 02582 |  | Departure andair
    trafficcontrol building (airport site)                    |  | Civil airport                 |  | Transfer             |  | 1,019,730.00  |  |  |                             | 17,133,763.00 |  |                                 | 
|7       |  | Wan Qu Guo Yong 
(2003)
    Zi No. 37     |  | Airport approach road                                                          |  | Civil airport                 |  | Authorized operation |  | 20,962.00     |  |  |                             | 370,778.00    |  |                                 | 
|8       |  | Wan Qu Guo Yong 
(2003)
    Zi No. 36     |  | Apron expansion                                                                |  | Civil airport                 |  | Authorized operation |  | 21,308.95     |  |  |                             | 356,538.00    |  |                                 | 
|9       |  | Wan Qu Guo Yong 
(2003)
    Zi No. 35     |  | Runway contact road
    expansion                                              |  | Civil airport                 |  | Authorized operation |  | 165,101.94    |  |  |                             | 2,762,456.00  |  |                                 | 
|10      |  | Wan Shi Tu Guo Yong 
(2005)
    No. 02587 |  | South terminal                                                                 |  | Education and residentialland |  | Transfer             |  | 13,113.40     |  |  |                             | 1,560,675.00  |  |                                 | 
|11      |  | Wan Shi Tu Guo Yong 
(2005)
    No. 02584 |  | Supermarket facade room  (Renmin
    Bei Road convoy area and old cadresfloor) |  | Office and residential        |  | Allocate             |  | 9,304.70      |  |  |                             | 1,107,382.00  |  |                                 | 
|12      |  | Wan Shi Tu Guo Yong 
(2007)
    No. 03077 |  | Funding raising facade
    room and old cadres floor                           |  |                               |  | Allocate             |  | 5,450.80      |  |  |                             | 648,720.00    |  |                                 | 
|        |  |                                           |  |                                                                                |  |                               |  |                      |  |               |  |  |                             |               |  |                                 | 
|Total   |  |                                           |  |                                                                                |  |                               |  |                      |  |               |  |  |                             | 25,002,620.00 |  |                                 | 



12







Breakdown of properties rent (October to
December)



|No.     |  | Title certificate No.          |  | Name of building                                |  | Structure          |  | Completion Date |  | Measurement units |  | Construction Area |  |  | Annual rent (yuan/year) |            |  | Rent of 
October to 
December | 
|------- |  | ------------------------------ |  | ----------------------------------------------- |  | ------------------ |  | --------------- |  | ----------------- |  | ----------------- |  |  | ----------------------- | ---------- |  | ----------------------------- | 
|        |  |                                |  |                                                 |  |                    |  |                 |  |                   |  |                   |  |  |                         |            |  |                               | 
|Nanyang |  |                                |  |                                                 |  |                    |  |                 |  |                   |  |                   |  |  |                         |            |  |                               | 
|1       |  | Wan Shi Fang Zi No.
    901012 |  | Terminal area
    far station                   |  | Brick and concrete |  | 1993-1-1        |  | m2                |  | 74.07             |  |  |                         | 4,126.00   |  |                               | 
|2       |  | Wan Shi Fang Zi No.
    901015 |  | South near station                              |  | Brick and concrete |  | 1993-1-1        |  | m2                |  | 82.93             |  |  |                         | 4,620.00   |  |                               | 
|3       |  | Wan Shi Fang Zi No.
    901013 |  | South far station                               |  | Brick and concrete |  | 1993-1-1        |  | m2                |  | 237.17            |  |  |                         | 13,212.00  |  |                               | 
|4       |  | Wan Shi Fang Zi No.
    901005 |  | New air material depot                          |  | Framework          |  | 1994-12-1       |  | m2                |  | 1,224             |  |  |                         | 100,042.00 |  |                               | 
|5       |  | Wan Shi Fang Zi No.
    901006 |  | Air traffic control
    building                |  | Framework          |  | 1993-1-1        |  | m2                |  | 2,083.04          |  |  |                         | 194,620.00 |  |                               | 
|6       |  | Wan Shi Fang Zi No.
    901006 |  | Terminal duty room                              |  | Brick and concrete |  | 1993-1-1        |  | m2                |  | 294.4             |  |  |                         | 15,967.00  |  |                               | 
|7       |  | Wan Shi Fang Zi No.
    901010 |  | Terminal water plantduty
    room               |  | Brick and concrete |  | 1993-1-1        |  | m2                |  | 15.8              |  |  |                         | 881.00     |  |                               | 
|8       |  | Wan Shi Fang Zi No.
    901010 |  | Terminal pumping station                        |  | Brick and concrete |  | 1993-1-1        |  | m2                |  | 40.95             |  |  |                         | 2,281.00   |  |                               | 
|9       |  | Wan Shi Fang Zi No.
    901010 |  | Terminal deep well
    pump station             |  | Brick and concrete |  | 1993-1-1        |  | m2                |  | 20.5              |  |  |                         | 1,430.00   |  |                               | 
|10      |  | Wan Shi Fang Zi No.
    901010 |  | Terminal maintenance workshop                   |  | Brick and concrete |  | 1993-1-1        |  | m2                |  | 153.54            |  |  |                         | 8,537.00   |  |                               | 
|11      |  | Wan Shi Fang Zi No.
    901010 |  | Terminal maintenance building
    2             |  | Brick and concrete |  | 1993-1-1        |  | m2                |  | 426.4             |  |  |                         | 23,126.00  |  |                               | 
|12      |  | Wan Shi Fang Zi No.
    901010 |  | Terminal maintenance workshop
    2             |  | Brick and concrete |  | 1993-1-1        |  | m2                |  | 206.15            |  |  |                         | 11,462.00  |  |                               | 
|13      |  | Wan Shi Fang Zi No.
    901010 |  | Terminal maintenance workshop
    5             |  | Brick and concrete |  | 1993-1-1        |  | m2                |  | 214.67            |  |  |                         | 11,936.00  |  |                               | 
|14      |  | Wan Shi Fang Zi No.
    901005 |  | Terminal fire services
    tower                |  | Brick and concrete |  | 1993-1-1        |  | m2                |  | 155.04            |  |  |                         | 7,862.00   |  |                               | 
|15      |  | Wan Shi Fang Zi No.
    901005 |  | Terminal fire services
    dormitory and garage |  | Brick and concrete |  | 1993-1-1        |  | m2                |  | 811.69            |  |  |                         | 44,021.00  |  |                               | 
|Total   |  |                                |  |                                                 |  |                    |  |                 |  |                   |  | 6,040.35          |  |  |                         | 444,123.00 |  |                               | 



13







Breakdown of buildings rent (October to
December)



|No.     |  | Name               |  | Structure          |  | Completion date |  | Length(m) |  |  | Width(m) |  |  | Height/depth (m) |  |  | Measurement units |  | Area
    (m2) 
or Volume 
(m3) |  |  | Annual rent (yuan/year) |              |  | Rent of October to December | 
|------- |  | ------------------ |  | ------------------ |  | --------------- |  | --------- |  |  | -------- |  |  | ---------------- |  |  | ----------------- |  | ------------------------------ |  |  | ----------------------- | ------------ |  | --------------------------- | 
|Nanyang |  |                    |  |                    |  |                 |  |           |  |  |          |  |  |                  |  |  |                   |  |                                |  |  |                         |              |  |                             | 
|1       |  | Runway             |  | Brick surface      |  | 1993-1-1        |  | 2,300     |  |  | 45       |  |  | 0.32             |  |  | m2                |  | 103,500.00                     |  |  |                         | 3,478,787.00 |  |                             | 
|2       |  | Contact road No. 1 |  | Brick surface      |  | 1993-1-1        |  | 140       |  |  | 18       |  |  | 0.32             |  |  | m2                |  | 2,520.00                       |  |  |                         | 74,794.00    |  |                             | 
|3       |  | Passenger apron    |  | Brick surface      |  | 1993-1-1        |  | 240       |  |  | 100      |  |  | 0.32             |  |  | m2                |  | 24,000.00                      |  |  |                         | 712,327.00   |  |                             | 
|4       |  | Common apron       |  | Brick surface      |  | 1993-1-1        |  | 328       |  |  | 55       |  |  | 0.22             |  |  | m2                |  | 18,040.00                      |  |  |                         | 535,433.00   |  |                             | 
|5       |  |                    |  |                    |  | 2004-6-30       |  | 12.7      |  |  |          |  |  | 2.55             |  |  | m2                |  | 32.385                         |  |  |                         | 8,320.00     |  |                             | 
|6       |  | Security room      |  | Brick and concrete |  | 2004-6-30       |  | 9.9       |  |  | 3.9      |  |  |                  |  |  | m2                |  | 38.61                          |  |  |                         | 2,767.00     |  |                             | 
|        |  |                    |  |                    |  |                 |  |           |  |  |          |  |  |                  |  |  |                   |  |                                |  |  |                         |              |  |                             | 
|Total   |  |                    |  |                    |  |                 |  |           |  |  |          |  |  |                  |  |  |                   |  |                                |  |  |                         | 4,812,428.00 |  |                             | 



14