Document:

Property Lease Agreement

 

Date: 9 January 2014

 

Party A (Lessor): China Southern Air Holding Company (CSAHC)

 

Party B (Lessee): China Southern Airlines Company Limited

 

Given the properties owned by China Southern Air Holding Company
and its wholly owned subsidiaries (including but not limited to China Northern Airlines and Xinjiang Airlines) 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 40,114,700 (i.e. Renminbi forty million one hundred fourteen thousand and seven hundred). See Appendix 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 years effective from 1 January 2014.

 

Article 3 Rental Payment

 

Rental payment, provided by Party B to Party A on a quarterly
basis, shall be settled within 15 days from the start date of the first month of each quarter by bank remittance. Within 5 days
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.	The property taxes of the assets set out in the Appendix of this agreement shall be borne by Party A.

 

    	 

    	 

    

 

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 accepts the commission by Party A, according to the relevant provisions of the local tax authorities to declare and
pay property taxes. The tax payment is borne by Party A, and the property taxes are settled on quarterly basis. Party A shall refund
to Party B within 15 working days upon receipt of the duty-paid original certificate provided by Party B.

 

		4.	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.

 

		5.	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 B
and shall be handled by Party A.

 

		6.	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.

 

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

 

    	 

    	 

    

 

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:	Authorized representative:

 

 

	List of assets	Unit: RMB0’000

 

	Type of assets :	 	Shares leased assets	 	Airline catering services leased assets
	Total land rent:	 	6,042.5664	 	315.6534
	Total property rent:	 	3,327.7024	 	338.7242
	Total building rent:	 	156.4078	 	0.3465
	Total pipelines and trenches rent:	 	188.2898	 	0
	Total rent sub-total	 	9,714.9664	 	654.7241
	Total rent(gross) :	 	10,369.6905

 

    	 

    	 

    

 

	Breakdown of Real estate lease rental project of China Southern Group : Shares leased assets	Exhibit 3

 

	No	 	Asset No.	 	Name of
 building
	 	Property Status	 	Usage	 	Detail Address	 	Structure	 	No. of
 floors
	 	Rental
 area (m2)
	 	 	Date of
 Completion
	 	Property
 annual net
 income
 (RMB0’000
 / year)
	 	 	Property
 Insurance
 (RMB0’000/
 year)
	 	 	Property
 tax rate
	 	 	Business
 Tax
	 	 	Management
 fee rate
	 	 	Reference annual
 rent
 (RMB0’000/year)
	 	 	Notes
	1	 	FCZ003	 	Settlement Center office building	 	Nil	 	Office	 	No 23, Hangyun South Street	 	Framework	 	8	 	 	3526.15	 	 	1995/7/1	 	 	93.4527	 	 	 	2.4225	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	119.844	 	 	 
	Guangzhou sub-total	 	 	3526.15	 	 	 	 	 	93.4527	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	119.8440	 	 	 
	2	 	Shenyang Office 1	 	Yi Ermo Office	 	Nil	 	Office	 	Irkutsk, Russia	 	Brick and Concrete	 	 	 	 	160	 	 	1992/12/1	 	 	6.6103	 	 	 	0.0132	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	8.2794	 	 	 
	3	 	Shenyang Office 4	 	Vladivostok house	 	Nil	 	Residential	 	No 27, Vladivostok Avenue	 	Brick and Concrete	 	 	 	 	124.8	 	 	1997/8/1	 	 	6.8214	 	 	 	0.0136	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	8.5438	 	 	 
	4	 	Shenyang Office 5	 	Vladivostok house	 	Nil	 	Residential	 	No 27, Vladivostok Avenue	 	Brick and Concrete	 	 	 	 	123.8	 	 	1997/8/1	 	 	6.7668	 	 	 	0.0135	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	8.4754	 	 	 
	Former Northern Airlines overseas offices sub-total	 	 	408.60	 	 	 	 	 	20.1985	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	25.2986	 	 	 

 

    	 

    	 

    

 

	7	 	FSY001	 	New office building of the Company	 	Dadong018758	 	Office	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	6	 	 	6558	 	 	1996/12/1	 	 	158.8374	 	 	 	4.0725	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	203.6374	 	 	 
	8	 	FSY002	 	Authorities Building	 	Dadong 005522	 	Office	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	1	 	 	4794	 	 	1996/12/1	 	 	37.5801	 	 	 	0.9492	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	48.1616	 	 	 
	9	 	FSY003	 	Printing	 	Dadong 002729	 	Office	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	3	 	 	1443	 	 	1979/6/1	 	 	12.0807	 	 	 	0.4387	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	15.6493	 	 	 
	10	 	FSY004	 	Technical school office building	 	Dadong 002524	 	Office	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	3	 	 	2250	 	 	1984/12/1	 	 	19.8104	 	 	 	0.6165	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	25.5336	 	 	 
	11	 	FSY005	 	Motorcade and garage	 	Nil	 	Garage	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	2	 	 	750	 	 	1992/12/1	 	 	5.6415	 	 	 	0.1541	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	7.2445	 	 	 
	12	 	FSY006	 	Maintenance office building and garage	 	Nil	 	Office	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	2	 	 	900	 	 	1996/10/1	 	 	7.5352	 	 	 	0.1928	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	9.66	 	 	 

 

    	 

    	 

    

 

	13	 	FSY007	 	Motorcade 2nd floor	 	Dadong 002747	 	Production	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	2	 	 	2008	 	 	1979/12/1	 	 	12.7427	 	 	 	0.3972	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	16.4249	 	 	 
	14	 	FSY009	 	Warehouse	 	Dadong 016947	 	Warehouse	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	1	 	 	307	 	 	1982/11/1	 	 	1.9142	 	 	 	0.0587	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	2.4661	 	 	 
	15	 	FSY010	 	Ten motorocade office building	 	Dadong 018313	 	Office	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	5	 	 	5191.6	 	 	1994/12/1	 	 	58.6841	 	 	 	1.5076	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	75.2396	 	 	 
	16	 	FSY011-12	 	Technical school math building and canteen	 	Nil	 	Education	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	5	 	 	4284	 	 	1996/10/1	 	 	55.3388	 	 	 	1.3546	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	70.8668	 	 	 
	17	 	FSY013	 	Finance Department office building	 	Nil	 	Office	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	4	 	 	2258	 	 	1997/11/1	 	 	24.8156	 	 	 	0.5979	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	31.7669	 	 	 
	18	 	FSY014	 	Motorcade Modulation Room	 	Nil	 	Moderation	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	1	 	 	80	 	 	2003/3/1	 	 	0.7148	 	 	 	0.155	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	0.9129	 	 	 

 

    	 

    	 

    

 

	19	 	FSY015	 	Motorcade office building	 	Nil	 	Office	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	2	 	 	1033	 	 	2003/12/1	 	 	8.0185	 	 	 	0.1576	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	10.2326	 	 	 
	20	 	FSY016	 	#58 Office	 	Nil	 	Garage	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	1	 	 	720.96	 	 	1996/12/1	 	 	5.1441	 	 	 	0.1164	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	6.5756	 	 	 
	21	 	FSY017-19	 	#4-6 hostel	 	Nil	 	Hostel	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	3	 	 	2434	 	 	1969/12/1	 	 	14.3373	 	 	 	0.5613	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	18.6233	 	 	 
	22	 	FSY023	 	Operation Office and computing center	 	Shenyangdongling 001285	 	Office	 	Shenyang Xiantao Airport	 	Brick and Concrete	 	4	 	 	3889	 	 	1993/6/1	 	 	31.1427	 	 	 	0.8066	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	39.9366	 	 	 
	23	 	FSY024	 	Tourist service center and hostel	 	Shenyangdongling 001374	 	Prodiuction	 	Shenyang Xiantao Airport	 	Brick and Concrete	 	5	 	 	6031	 	 	1994/12/1	 	 	82.0142	 	 	 	2.0409	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	105.0689	 	 	 
	24	 	FSY025	 	Flight supplies building	 	Shenyangdongling 001283	 	Production	 	Shenyang Xiantao Airport	 	Brick and Concrete	 	4	 	 	1549.75	 	 	1994/12/1	 	 	27.0948	 	 	 	0.6668	 	 	 	125	 	 	 	5.5	%	 	 	2.5	%	 	 	23.7123	 	 	 
	25	 	FSY030	 	Operating garage C	 	Nil	 	Garage	 	Shenyang Xiantao Airport	 	Brick and Concrete	 	1	 	 	384	 	 	2003/3/1	 	 	2.1125	 	 	 	0.0431	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	2.6945	 	 	 

 

    	 

    	 

    

 

	26	 	FSY031	 	Freight weighting room	 	Nil	 	Weighting Room	 	Shenyang Xiantao Airport	 	Brick and Concrete	 	1	 	 	280	 	 	2003/3/1	 	 	1.9209	 	 	 	0.0386	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	2.4494	 	 	 
	27	 	FSY034	 	Operating garage and Guard room	 	Nil	 	Storeroom	 	Shenyang Xiantao Airport	 	Brick and Concrete	 	1	 	 	120	 	 	2003/3/1	 	 	0.8058	 	 	 	0.0166	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	1.028	 	 	 
	28	 	FSY036	 	Common Garage	 	Nil	 	Heating	 	Shenyang Xiantao Airport	 	Brick and Concrete	 	1	 	 	1915	 	 	1989/12/1	 	 	9.4455	 	 	 	0.2287	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	12.0928	 	 	 
	29	 	FSY038	 	Wulihe Boiler Room	 	Heping 013190	 	Substation	 	No. 390 , Qingniandajie, Heping District, Shenyang	 	Framework	 	1	 	 	4714	 	 	1997/11/1	 	 	124.2853	 	 	 	3.4723	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	159.697	 	 	 
	30	 	FSY039	 	Wulihe No. 2 substation	 	Heping 013186	 	Storage	 	No. 390 , Qingniandajie, Heping District, Shenyang	 	Framework	 	6	 	 	1982.38	 	 	1999/5/1	 	 	28.0171	 	 	 	0.7275	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	35.9308	 	 	 
	31	 	FSY040	 	Wulihe House A basement	 	Shenfangzi No. 01119	 	Garage	 	No. 390 , Qingniandajie, Heping District, Shenyang-1	 	Framework	 	-2	 	 	1586.4	 	 	2002/12/1	 	 	11.3008	 	 	 	0.2408	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	14.427	 	 	 
	32	 	FSY041	 	Wulihe Hosue A Garage	 	Nil	 	Garage	 	No. 390 , Qingniandajie, Heping District, Shenyang-1	 	Framework	 	-1	 	 	1586.4	 	 	1997/11/1	 	 	10.9379	 	 	 	0.2408	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	13.9734	 	 	 

 

    	 

    	 

    

 

	33	 	FSY042	 	Wulihe House B basement	 	Shenfangzi 01120	 	Storage	 	No. 390 , Qingniandajie, Heping District, Shenyang-2	 	Framework	 	-2	 	 	647	 	 	2002/12/1	 	 	4.6089	 	 	 	0.0982	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	5.8839	 	 	 
	34	 	FSY043	 	Wulihe House B Garage	 	Nil	 	Garage	 	No. 390 , Qingniandajie, Heping District, Shenyang-2	 	Framework	 	-1	 	 	647	 	 	1997/11/1	 	 	4.4609	 	 	 	0.0982	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	5.6989	 	 	 
	35	 	FSY044	 	Wulihe House C Garage	 	Nil	 	Garage	 	No. 390 , Qingniandajie, Heping District, Shenyang-3	 	Framework	 	-1	 	 	639.62	 	 	2002/10/1	 	 	4.5564	 	 	 	0.0971	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	5.8169	 	 	 
	36	 	FSY045	 	Wulihe House C basement	 	Nil	 	Storage	 	No. 390 , Qingniandajie, Heping District, Shenyang-3	 	Framework	 	-1	 	 	717.26	 	 	2002/10/1	 	 	5.1094	 	 	 	0.1089	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	6.5229	 	 	 

 

    	 

    	 

    

 

	37	 	FSY051	 	Wulihe Hosue K Garage	 	Nil	 	Garage	 	No. 390 , Qingniandajie, Heping District, Shenyang-9	 	Framework	 	-1	 	 	60.08	 	 	2002/10/1	 	 	0.428	 	 	 	0.0091	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	0.5464	 	 	 
	38	 	FSY052	 	Wulihe House K basement	 	Nil	 	Storage	 	No. 390 , Qingniandajie, Heping District, Shenyang-9	 	Framework	 	-1	 	 	345.85	 	 	2002/10/1	 	 	2.4637	 	 	 	0.0525	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	3.1453	 	 	 
	39	 	FSY053	 	Pumping Station	 	Nil	 	Water Supply	 	No.5, Wenan Road, Heping District, Shenyang	 	Brick and Concrete	 	1	 	 	124	 	 	2003/3/1	 	 	0.8984	 	 	 	0.0195	 	 	 	12 	%	 	 	5.5
	%	 	 	2.5 	%	 	 	1.1474	 	 	 
	40	 	FSY054	 	Gas compressor stations	 	Nil	 	 	 	No.5, Wenan Road, Heping District, Shenyang	 	Brick and Concrete	 	1	 	 	23	 	 	1983/12/1	 	 	0.2391	 	 	 	0.0072	 	 	 	12 	%	 	 	5.5 	%	 	 	2.5
	%	 	 	0.3079	 	 	 
	41	 	FSY065	 	Clerk Hostel	 	Nil	 	Hostel	 	No. 3 Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	5	 	 	3800	 	 	1994/12/1	 	 	44.4311	 	 	 	1.0936	 	 	 	12
	%	 	 	5.5
	%	 	 	2.5
	%	 	 	56.9059	 	 	 
	42	 	FSY029	 	A300 Apron	 	Nil	 	Guard	 	Shenyang Xiantao Airport	 	Framed Bent	 	1	 	 	6643.59	 	 	2000/12/1	 	 	281.6417	 	 	 	6.7432	 	 	 	12 	%	 	 	5.5
	%	 	 	2.5 	%	 	 	360.4811	 	 	 

 

    	 

    	 

    

 

	43	 	FSY032	 	Airport material guard room	 	Nil	 	Hostel	 	Shenyang Xiantao Airport	 	Brick and Concrete	 	1	 	 	30	 	 	2003/3/1	 	 	0.2908	 	 	 	0.0063	 	 	 	12
	%	 	 	5.5
	%	 	 	2.5
	%	 	 	0.3714	 	 	 
	Shenyang sub-total	 	 	72726.89	 	 	 	 	 	1101.4013	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1400.8338	 	 	 
	44	 	FCY003	 	Plumbing workplace	 	Yes	 	Living	 	No. 58, Section 4, Chaoyangdajie	 	Brick and Concrete	 	1	 	 	54	 	 	1986/9/1	 	 	0.3197	 	 	 	0.0103	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	0.4125	 	 	 
	45	 	FCY003	 	Boiler Room	 	Yes	 	Living	 	No. 58, Section 4, Chaoyangdajie	 	Brick and Concrete	 	1	 	 	126	 	 	1980/12/1	 	 	0.9409	 	 	 	0.0361	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	1.2213	 	 	 
	46	 	FCY002	 	Cadres Room	 	Yes	 	Living	 	No. 58, Section 4, Chaoyangdajie	 	Brick and Concrete	 	2	 	 	500	 	 	1999/2/1	 	 	7.4699	 	 	 	0.1877	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	9.572	 	 	 
	47	 	–	 	Special Garage	 	Fangzi No. 06639	 	Garage	 	No. 58, Section 4, Chaoyangdajie	 	Mixed	 	1	 	 	244.8	 	 	1999/2/1	 	 	2.1392	 	 	 	0.0536	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	2.741	 	 	After on-site cheking
	Chaoyang sub-total	 	 	924.80	 	 	 	 	 	10.8897	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	13.9468	 	 	 
	48	 	FDL001	 	Terminal Property	 	Nil	 	Office	 	Beihangdonglu, ganjingziqu, Dalian	 	Framework	 	3	 	 	785.34	 	 	1994/7/1	 	 	15.0798	 	 	 	0.3988	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	19.3483	 	 	 
	49	 	FDL002	 	Airport Service Building	 	Nil	 	Office	 	Beihangdonglu, ganjingziqu, Dalian	 	Framework	 	5	 	 	4586.58	 	 	1998/11/1	 	 	86.1438	 	 	 	2.0933	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	110.2964	 	 	 

 

    	 

    	 

    

 

	50	 	FDL003	 	Operating building	 	Nil	 	Office	 	Beihangdonglu, ganjingziqu, Dalian	 	 	 	5	 	 	2552	 	 	1998/11/1	 	 	47.4052	 	 	 	1.1647	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	60.7124	 	 	 
	51	 	FDL004	 	Cargo Warehouse	 	Nil	 	Storage	 	Beihangdonglu, ganjingziqu, Dalian	 	Brick and Concrete	 	1	 	 	4423	 	 	1998/11/1	 	 	49.6716	 	 	 	1.1385	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	63.5126	 	 	 
	52	 	FDL005	 	Substation	 	Nil	 	Power Supply	 	Beihangdonglu, ganjingziqu, Dalian	 	Brick and Concrete	 	2	 	 	416	 	 	1997/11/1	 	 	3.722	 	 	 	0.0881	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	4.7626	 	 	 
	53	 	FDL006	 	New District Garage	 	Nil	 	Office	 	Beihangdonglu, ganjingziqu, Dalian	 	Brick and Concrete	 	3	 	 	5868	 	 	1999/8/1	 	 	52.0382	 	 	 	1.1783	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	66.5206	 	 	 
	54	 	FDL008	 	Crew attendance building	 	Nil	 	Office	 	Beihangdonglu, ganjingziqu, Dalian	 	Brick and Concrete	 	6	 	 	6890	 	 	2000/12/1	 	 	134.5501	 	 	 	3.1239	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	172.0925	 	 	 
	55	 	FDL009	 	Airport material room	 	Nil	 	Office	 	Beihangdonglu, ganjingziqu, Dalian	 	Brick and Concrete	 	4	 	 	3140	 	 	2001/12/1	 	 	43.0308	 	 	 	0.9671	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	54.9974	 	 	 
	56	 	FDL011	 	Airport Service workshops	 	Nil	 	Office	 	Beihangdonglu, ganjingziqu, Dalian	 	Brick and Concrete	 	2	 	 	2200	 	 	2002/7/1	 	 	19.8025	 	 	 	0.4105	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	25.2663	 	 	 
	57	 	FDL015	 	Rain sewage pumping station	 	Nil	 	Sewage	 	Beihangdonglu, ganjingziqu, Dalian	 	Brick and Concrete	 	1	 	 	387	 	 	1998/11/1	 	 	2.9415	 	 	 	0.0665	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	3.76	 	 	 
	58	 	FDL022	 	Boiler Room	 	Nil	 	Heating	 	Beihangdonglu, ganjingziqu, Dalian	 	Brick and Concrete	 	2	 	 	1013	 	 	1998/11/1	 	 	8.3428	 	 	 	0.1967	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	10.6744	 	 	 

 

    	 

    	 

    

 

	59	 	FDL023	 	Duty Room	 	Nil	 	Office	 	Beihangdonglu, ganjingziqu, Dalian	 	Brick and Concrete	 	1	 	 	650	 	 	2000/5/1	 	 	4.3725	 	 	 	0.1017	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	5.5928	 	 	 
	Dalian Sub-total	 	 	32910.92	 	 	 	 	 	467.1008	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	597.5363	 	 	 
	60	 	FCC028	 	Crew Canteen	 	Nil	 	Canteen	 	Erdao Airport	 	Brick and Concrete	 	1	 	 	503.69	 	 	1999/12/1	 	 	4.7481	 	 	 	0.1227	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	6.0885	 	 	 
	61	 	FCC028	 	Crew Canteen	 	Nil	 	Canteen	 	Erdao Airport	 	Brick and Concrete	 	1	 	 	684.31	 	 	1999/12/1	 	 	6.4507	 	 	 	0.1667	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	8.2718	 	 	 
	62	 	FCC018	 	Team 12 Gurad Room	 	Nil	 	Electrical room	 	Erdao Airport	 	Brick and Concrete	 	1	 	 	20	 	 	1980/1/1	 	 	0.122	 	 	 	0.0036	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	0.157	 	 	 
	63	 	FCC019	 	Team 12 Mailroom	 	Nil	 	Security	 	Erdao Airport	 	Brick and Concrete	 	1	 	 	31	 	 	1980/1/1	 	 	0.189	 	 	 	0.0056	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	0.2433	 	 	 
	64	 	FCC020	 	Team 12 Pumping Station	 	Nil	 	Water Supply	 	Erdao Airport	 	Brick and Concrete	 	1	 	 	20	 	 	1985/1/1	 	 	0.2395	 	 	 	0.0067	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	0.3078	 	 	 
	65	 	FCC021	 	Team 12 Pumping Station	 	Nil	 	Water Supply	 	Erdao Airport	 	Brick and Concrete	 	1	 	 	20	 	 	1986/1/1	 	 	0.2382	 	 	 	0.0066	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	0.306	 	 	 
	66	 	FCC023	 	Drainage Building	 	Nil	 	Hostel	 	Erdao Airport	 	Brick and Concrete	 	3	 	 	2980	 	 	1964/1/1	 	 	43.0158	 	 	 	0.5877	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	54.5044	 	 	 

 

    	 

    	 

    

 

	67	 	FCC013	 	Telephone Station	 	Nil	 	Office	 	1 Gongli, Jizhanggonglu, Erdao District, Changchun	 	Brick and Concrete	 	2	 	 	450	 	 	1983/1/1	 	 	3.1022	 	 	 	0.1183	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	4.0256	 	 	 
	68	 	FCC012	 	Team 12 Garage	 	Nil	 	Garage	 	Erdao Airport	 	Brick and Concrete	 	1	 	 	2215	 	 	1989/1/1	 	 	9.8925	 	 	 	0.2964	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	12.7361	 	 	 
	69	 	FCC010	 	Jilin Operation Department	 	Jinlin Propoety Rights No. QZ10001570, QZ10001664	 	Box Office	 	No. 1,2 Hongyuyuan B, Jiefangxi Road, , Jilin	 	Brick and Concrete	 	3	 	 	653	 	 	2004/12/27	 	 	7.658	 	 	 	0.1841	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	9.8026	 	 	 
	70	 	FCC008	 	Gas Station	 	Nil	 	Gas Station	 	—	 	Mixed	 	1	 	 	159	 	 	–	 	 	2.1635	 	 	 	0.0717	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	2.794	 	 	 
	Changchun Sub-total —	 	 	7736.00	 	 	 	 	 	77.8195	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	99.2371	 	 	 
	71	 	FHB001	 	Security Department Office	 	Hafang No. 00060345	 	Office	 	Harbin Taiping International Airport	 	Brick and Concrete	 	2	 	 	725.66	 	 	1997/12/1	 	 	5.1397	 	 	 	0.1173	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	6.5713	 	 	 
	72	 	FHB004	 	Garage	 	Hafang No.00060342	 	Garage	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	1512.86	 	 	1994/12/1	 	 	10.4728	 	 	 	0.2454	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	13.3978	 	 	 
	73	 	FHB007	 	Garage	 	Hafang No. 00060341	 	Garage	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	740.38	 	 	1996/12/1	 	 	5.1877	 	 	 	0.1201	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	6.6348	 	 	 

 

    	 

    	 

    

 

	74	 	FHB005	 	Substation	 	Hafang No.00060347	 	Others	 	Harbin Taiping International Airport	 	Brick and Concrete	 	3	 	 	2107.95	 	 	1996/12/1	 	 	11.654	 	 	 	0.2462	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	14.8753	 	 	 
	75	 	FHB006	 	Office building	 	Hafang No. 00060335	 	Office	 	Harbin Taiping International Airport	 	Brick and Concrete	 	3	 	 	2168.52	 	 	1996/12/1	 	 	18.6738	 	 	 	0.438	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	23.8898	 	 	 
	76	 	FHB003	 	Garage	 	Hafang No. 00060343	 	 	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	582.65	 	 	1994/12/1	 	 	5.5183	 	 	 	0.1337	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	5.0795	 	 	 
	77	 	FHB015	 	Airport material warehouse	 	Hafang No. 00061986	 	Office	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	952.24	 	 	1976/12/1	 	 	4.903	 	 	 	0.1569	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	6.3249	 	 	 
	78	 	FHB009	 	Storage	 	Hafang No. 00060340	 	Office	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	179.1	 	 	1997/1/1	 	 	1.2747	 	 	 	0.0283	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	1.6288	 	 	 
	79	 	FHB010	 	Three station room	 	Hafang No. 00060339	 	Production	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	306.86	 	 	1999/12/1	 	 	2.4292	 	 	 	0.0521	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	3.1016	 	 	 
	80	 	FHB011	 	Charging room	 	Hafang No. 00061978	 	Office	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	315.41	 	 	1992/12/1	 	 	2.3069	 	 	 	0.0539	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	2.951	 	 	 
	81	 	FHB012	 	Paint spraying Room	 	Hafang No. 00061981	 	Production	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	425.66	 	 	1979/12/1	 	 	2.6216	 	 	 	0.0737	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	3.3691	 	 	 

 

    	 

    	 

    

 

	82	 	FHB013	 	Office building	 	Hafang No.00060345	 	Office	 	Harbin Taiping International Airport	 	Framework	 	2	 	 	1876.21	 	 	1990/12/1	 	 	18.9107	 	 	 	0.4664	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	24.2214	 	 	 
	83	 	FHB014	 	Youfong Room	 	Hafang No. 00061977	 	Storage	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	67.27	 	 	1979/12/1	 	 	0.3821	 	 	 	0.0114	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	0.4919	 	 	 
	84	 	FHB008	 	Airport material warehouse	 	Hafang No. 00060336	 	Office	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	2132.3	 	 	1996/12/1	 	 	24.2453	 	 	 	0.5774	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	31.0284	 	 	 
	85	 	FHB0016	 	Device Storage	 	Hafang No. 00061984	 	Storage	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	580.44	 	 	1976/12/1	 	 	2.6372	 	 	 	0.0774	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	3.3933	 	 	 
	86	 	FHB017	 	Airport Service warehouse	 	Hafang No. 00061989	 	Office	 	Harbin Taiping International Airport	 	Brick and Concrete	 	3	 	 	2065.25	 	 	1977/12/1	 	 	23.6774	 	 	 	0.6812	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	28.098	 	 	 
	87	 	FHB018	 	Crew building	 	Hafang No. 00061988	 	Office	 	Harbin Taiping International Airport	 	Brick and Concrete	 	3	 	 	2098	 	 	1974/12/1	 	 	25.3494	 	 	 	0.6059	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	32.4441	 	 	 
	88	 	FHB019	 	Staff canteen	 	Nil	 	Canteen	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	1195.66	 	 	1976/12/1	 	 	9.3675	 	 	 	0.2626	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	12.0376	 	 	 
	89	 	FHB020	 	Special room	 	Hafang No. 00061976	 	Production	 	Harbin Taiping International Airport	 	Brick and Concrete	 	3	 	 	1306.37	 	 	1977/12/1	 	 	9.728	 	 	 	0.2811	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	12.5114	 	 	 
	90	 	FHB021	 	Command and Control Center	 	Hafang No. 00061990	 	Office	 	Harbin Taiping International Airport	 	Brick and Concrete	 	3	 	 	1199.5	 	 	1994/12/1	 	 	11.2099	 	 	 	0.2637	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	14.342	 	 	 

 

    	 

    	 

    

 

	91	 	FHB022	 	Old hangar	 	Hafang No. 00060345	 	Production	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	2362.04	 	 	1977/12/1	 	 	49.3187	 	 	 	1.5897	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	63.6355	 	 	 
	92	 	FHB024	 	Garage	 	Nil	 	Garage	 	No 88A, Changjiang Road	 	Framework	 	1	 	 	1224.43	 	 	1999/12/1	 	 	8.4643	 	 	 	0.1893	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	10.817	 	 	 
	93	 	FHB025	 	Garage	 	Nil	 	Garage	 	No. 88B, Changjiang Road	 	Framework	 	1	 	 	1046.31	 	 	1999/12/1	 	 	7.1808	 	 	 	0.1586	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	9.1743	 	 	 
	94	 	FHB026	 	Transportation, Flight Team office building	 	Nil	 	Office	 	No. 89, Changjiang Road (1st -3rd Floor)	 	Framework	 	3	 	 	3942.52	 	 	1999/12/1	 	 	55.177	 	 	 	1.2474	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	70.5305	 	 	 
	95	 	FHB019	 	Catering Storage Room	 	Nil	 	 	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	200	 	 	1999/12/1	 	 	1.5006	 	 	 	0.0321	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	1.9159	 	 	 
	96	 	FHB001	 	Airport Service Office builing	 	Hafang No. 00061987	 	Office	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	1544.57	 	 	1999/12/1	 	 	11.3079	 	 	 	0.2496	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	14.4469	 	 	 
	97	 	FHB003	 	Gaoshan Garage	 	Hafang No. 00059343	 	Office	 	East Block, No. 28-1, Gaoshan Road, Nangang District, Harbin	 	Brick and Concrete	 	8	 	 	809	 	 	1998/12/1	 	 	7.0456	 	 	 	0.1749	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	9.0256	 	 	 
	Harbin sub-total	 	 	33667.16	 	 	 	 	 	335.6841	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	425.9377	 	 	 

 

    	 

    	 

    

 

	98	 	FXJ004	 	Student hostel	 	Nil	 	Living	 	No 46, Yingbin Road	 	Brick and Concrete	 	3	 	 	1691.33	 	 	1994/12/1	 	 	15.5501	 	 	 	0.3917	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	19.9273	 	 	 
	99	 	FXJ005	 	Gym room	 	Nil	 	Living	 	No 46, Yingbin Road	 	Brick and Concrete	 	1	 	 	217.8	 	 	1991/12/1	 	 	1.6561	 	 	 	0.0518	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	2.1349	 	 	 
	100	 	FXJ006	 	Activity room	 	Nil	 	Living	 	No 46, Yingbin Road	 	Brick and Concrete	 	1	 	 	100	 	 	1993/6/1	 	 	0.8868	 	 	 	0.0242	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	1.1388	 	 	 
	101	 	FXJ001	 	Duty Room	 	Nil	 	 	 	No 46, Yingbin Road	 	Brick and Concrete	 	1	 	 	147.4	 	 	1998/8/1	 	 	1.4679	 	 	 	0.0358	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	1.8796	 	 	 
	102	 	FXJ002	 	Dangerous goods storage	 	Nil	 	Office	 	No 46, Yingbin Road	 	Brick and Concrete	 	1	 	 	100	 	 	1998/8/1	 	 	0.6944	 	 	 	0.0178	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	0.8903	 	 	 
	103	 	FXJ003	 	Student Canteen	 	Nil	 	Living	 	No 46, Yingbin Road	 	Framework	 	2	 	 	653	 	 	2001/11/1	 	 	8.3649	 	 	 	0.1946	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	10.6994	 	 	 
	104	 	FXJ013	 	Economic Development Housing	 	Wufang Certificate Economic Development District Zi No.	 	Residential	 	 No. 45, Shang District No. 2, Economic Zone	 	Brick and Concrete	 	2	 	 	160	 	 	2003/7/1	 	 	5.207	 	 	 	0.048	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	6.5688	 	 	Property and land combined into one, land price included in rent.

 

    	 

    	 

    

 

	105	 	FXJ014	 	Economic Development Housing	 	Wufang Certificate Economic Development District Zi No.	 	Residential	 	 No. 45, Shang District No. 2, Economic Zone	 	Brick and Concrete	 	2	 	 	160	 	 	2003/7/1	 	 	5.207	 	 	 	0.048	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	6.5688	 	 	Property and land combined into one, land price included in rent.
	106	 	–	 	Hongshan Hotel	 	Nil	 	Residential box office	 	No. 62, Youhao South Road	 	Framework	 	 	 	 	166	 	 	2005/10/1	 	 	23.8432	 	 	 	0.0498	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	29.8663	 	 	Property and land combined into one, land price included in rent.
	Xinjiang Sub-total	 	 	3395.53	 	 	 	 	 	62.8774	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	79.6742	 	 	 
	107	 	Urumqi overseas office 1	 	Sale and Purchase Agreement (Siberia)	 	Nil	 	Office	 	Siberia Office	 	Brick and Concrete	 	10	 	 	206.3	 	 	2000/12/31	 	 	5.7973	 	 	 	0.0116	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	7.2611	 	 	 

 

    	 

    	 

    

 

	108	 	Urumqi overseas office 2	 	Bishkek Office	 	Nil	 	Office	 	 	 	Brick and Concrete	 	 	 	 	534.1	 	 	2003/11/1	 	 	18.7082	 	 	 	0.0374	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	23.4320	 	 	 
	109	 	Urumqi overseas office 3	 	Alma-Ata Office	 	Nil	 	Office	 	No. 132-107, Guogelidajie Alma-Ata	 	Office	 	3	 	 	640	 	 	 	 	 	18.7881	 	 	 	0.0376	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	23.5321	 	 	 
	Former Xinhang overseas offices sub-total	 	 	1380.40	 	 	 	 	 	43.2936	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	54.2252	 	 	 
	110	 	FBJ004	 	Beijing Crew Overnight office building (Beijing Operation Department)	 	Nil	 	Hotel	 	Beijing Capital Airport	 	Framework	 	4	 	 	4516.65	 	 	1999/7/1	 	 	162.6115	 	 	 	4.0207	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	208.2903	 	 	 
	111	 	FBJ005	 	Beijing Southern Hotel 1,3	 	Nil	 	Office	 	No.10, Dongsanhuanzhong Road, Beijing	 	Framework	 	 	 	 	1393	 	 	 	 	 	55.8854	 	 	 	1.4	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	71.6068	 	 	 
	112	 	FBJ003	 	Beijing Operation Department (Beijing Airport Service building)	 	Nil	 	Office	 	Beijing Capital Airport	 	Brick and Concrete	 	3	 	 	1098.36	 	 	1999/7/1	 	 	29.9919	 	 	 	0.777	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	38.4611	 	 	 

 

    	 

    	 

    

 

	113	 	FBJ001	 	Beijing Operation Department Housing	 	Zhaojinzi No. 12206	 	Production	 	No.111 Jixiangli, Zhoayang District	 	Brick and Concrete	 	18	 	 	1187.1	 	 	1995/12/1	 	 	99.4101	 	 	 	0.3561	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	124.7078	 	 	 
	Beijing Subtotal	 	 	8195.11	 	 	 	 	 	347.8989	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	443.0660	 	 	 
	114	 	FSH001	 	Staff hostel	 	 	 	Hostel	 	No. 14, Yijiefang, Hanghaiyicun, Shanghai	 	Brick and Concrete	 	5	 	 	406	 	 	1997/8/1	 	 	17.1348	 	 	 	0.1218	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	21.5708	 	 	Property and land combined into one, land price included in rent.
	115	 	FSH002	 	Shanghai Operation Department Housing	 	Hufangzhangzi No. 85189	 	Production	 	No. 501-09, 500 Nong, Maotai Road, Shanghai	 	Steel Mixed	 	26	 	 	664.41	 	 	1998/8/1	 	 	37.0262	 	 	 	0.1993	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	46.5319	 	 	Property and land combined into one, land price included in rent.
	Shanghai Subtotal	 	 	1070.41	 	 	 	 	 	54.1610	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	68.1027	 	 	 
	Shares leased assets total	 	 	165941.97	 	 	 	 	 	2614.7575	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	3327.7024	 	 	 

 

    	 

    	 

    

 

	Breakdown of Real estate lease rental project of China Southern Group :Airline catering services leased assets	Exhibit 4

 

	No	 	Asset No.	 	Name of
 building
	 	Property
 Status
	 	Usage	 	Detail
 Address
	 	Structure	 	No. of
 floors
	 	Rental
 area (m2)
	 	 	Date of
 Completion
	 	Property
 annual net
 income
 (RMB0’000
 / year)
	 	 	Property
 Insurance
 (RMB0’000
 / year)
	 	 	Property
 tax rate
	 	 	Business
 Tax
	 	 	Management
 fee
 rate
	 	 	Reference
 annual
 rent
 (RMB0’000
 /year)
	 	 	Notes
	1	 	FXJ011	 	Catering Garage	 	Nil	 	Office	 	No. 46, Yingbin Road	 	Brick and Concrete	 	1	 	 	417.57	 	 	1994/7/1	 	 	3.072	 	 	 	0.0742	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	3.99	 	 	 
	2	 	FXJ010	 	Catering Garage (Item 25 )	 	Nil	 	Office	 	No. 46, Yingbin Road	 	Brick and Concrete	 	3	 	 	3300	 	 	1999/12/31	 	 	59.2104	 	 	 	1.4454	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	74.163	 	 	 
	3	 	FXJ007	 	Catering Room	 	Nil	 	Office	 	No. 46, Yingbin Road	 	Brick and Concrete	 	1	 	 	800	 	 	1994/12/1	 	 	11.3851	 	 	 	0.3298	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	14.3814	 	 	 
	4	 	FXJ008	 	Catering Room	 	Property Rights Wushixinquzidi	 	Office	 	No. 46, Yingbin Road	 	Brick and Concrete	 	1	 	 	789.28	 	 	1986/12/1	 	 	4.6324	 	 	 	0.1326	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	5.9405	 	 	 
	5	 	FXJ009	 	Catering Room (Phase 2)	 	Nil	 	Office	 	No. 46, Yingbin Road	 	Brick and Concrete	 	2	 	 	1254	 	 	1992/12/1	 	 	8.2517	 	 	 	0.2107	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	10.4646	 	 	 
	6	 	FXJ012	 	Gas Room	 	Nil	 	Office	 	No. 46, Yingbin Road	 	Brick and Concrete	 	1	 	 	100	 	 	1999/12/1	 	 	0.8346	 	 	 	0.0187	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	1.1933	 	 	 
	Xinjiang Catering sub-total	 	 	6660.85	 	 	 	 	 	87.3862	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	110.1328	 	 	 
	7	 	FSY008	 	Three Production Building	 	 	 	Office	 	No. 3, Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	5	 	 	1872	 	 	1983/12/1	 	 	11.4471	 	 	 	0.3836	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	24.4357	 	 	 

 

    	 

    	 

    

 

	8	 	FSY003	 	Printing	 	 	 	Office	 	No. 3, Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	3	 	 	641	 	 	1979/6/1	 	 	4.59	 	 	 	0.2006	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	5.8875	 	 	 
	Shenyang Catering sub-total	 	 	2513.00	 	 	 	 	 	16.0371	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	30.3232	 	 	 
	9	 	FSY025	 	Flight Supplies Building	 	Shenyangdongling 001283	 	Production	 	Xiantao Airport, Shenyang	 	Brick and Concrete	 	4	 	 	718.25	 	 	1994/12/1	 	 	27.0948	 	 	 	0.6668	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	10.9897	 	 	 
	Shenyang Catering sub-total	 	 	718.25	 	 	 	 	 	27.0948	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	10.9897	 	 	 
	10	 	FDL002	 	Airport Service Building	 	 	 	Office	 	Northern  Airport Donglu, Ganjingzi District, Dalian	 	Framework	 	5	 	 	198.42	 	 	1998/11/1	 	 	2.1491	 	 	 	0.0538	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	2.8364	 	 	 

 

    	 

    	 

    

 

	11	 	FDL003	 	Operation Building	 	 	 	Office	 	No. 65, Yingke Road, Ganjingzi District, Dalian	 	Framework	 	5	 	 	638	 	 	1998/11/1	 	 	7.3326	 	 	 	0.1855	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	9.3158	 	 	 
	12	 	FDL007	 	Customs Building	 	 	 	Office	 	Northern  Airport Donglu, Ganjingzi District, Dalian	 	Framework	 	1	 	 	4400	 	 	2004/6/30	 	 	44.7068	 	 	 	0.961	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	56.0335	 	 	 
	13	 	FDL014	 	Beiji International Trading Centre	 	 	 	Office	 	Storage Process District, Baoshui District, Dalian	 	Brick and Concrete	 	6	 	 	8201.76	 	 	2000/4/1	 	 	84.3408	 	 	 	2.1029	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	105.576	 	 	 

 

    	 

    	 

    

 

	14	 	FDL010	 	Honggang Resturant	 	 	 	Hotel	 	Honggang Road, Ganjingzi District, Dalina	 	Brick and Concrete	 	6	 	 	694	 	 	2002/5/1	 	 	7.1837	 	 	 	0.1611	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	9.181	 	 	 
	Dalian Catering sub-total	 	 	14132.18	 	 	 	 	 	145.7130	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	182.9427	 	 	 
	15	 	FHB003	 	Garage	 	Hafangdi 00060343	 	Garage	 	Harbin Taiping International Airport	 	Brick and Concrete	 	1	 	 	227.75	 	 	1994/12/1	 	 	5.5183	 	 	 	0.1337	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	1.9855	 	 	 
	Heilongjiang Catering sub-total	 	 	227.75	 	 	 	 	 	5.5183	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1.9855	 	 	 
	16	 	FHB017	 	Airport ServiceBuilding	 	Hafangdi 00061989	 	Office	 	Harbin Taiping International Airport	 	Brick and Concrete	 	3	 	 	172.75	 	 	1977/12/1	 	 	23.6774	 	 	 	0.6812	 	 	 	12	%	 	 	5.5	%	 	 	2.5	%	 	 	2.3503	 	 	 
	Heilongjiang 中免 sub-total	 	 	172.75	 	 	 	 	 	23.6774	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	2.3503	 	 	 
	Airline catering services leased assets total	 	 	24424.78	 	 	 	 	 	305.4268	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	338.7242	 	 	 

 

    	 

    	 

    

 

	Breakdown of Real estate lease rental project of China Southern Group : Shares leased buildings	Exhibit 5

 

	No.	 	Asset no.	 	Name of
 building
	 	Detailed
 Address
	 	Structure	 	Specificationa	 	Measurement
 Units
	 	Quantity	 	Date of
 Completion
	 	Property
 annual net
 income
 (RMB0’000/
 year)
	 	 	Property
 Insurance
 (RMB0’000/
 year)
	 	 	Management
 fee rate
	 	 	Reference annual
 rent
 (RMB0’000/year)
	 	 	Notes
	1	 	GSY003	 	Five Mile River reservoir `	 	No. 5, Wenan  Road, heping District, henyang	 	Concrete	 	 	 	m 3	 	600	 	1998/12/1	 	 	15.3542	 	 	 	5.5	%	 	 	2.5	%	 	 	16.6893	 	 	 
	2	 	GSY004	 	#G & #H Residential Building Road	 	No. 5, Wenan  Road, heping District, henyang	 	Concrete	 	 	 	m 2	 	2118	 	1999/12/1	 	 	2.6983	 	 	 	5.5	%	 	 	2.5	%	 	 	2.9329	 	 	 
	3	 	GSY005	 	No. 1 Damen, Wulihe	 	No. 5, Wenan  Road, heping District, henyang	 	Brick and Concrete	 	 	 	 	 	1	 	1999/12/1	 	 	1.5014	 	 	 	5.5	%	 	 	2.5	%	 	 	1.6320	 	 	 
	4	 	GSY006	 	New Technical School Damen	 	No. 3, Xiaoheyanlu, Dadong District, Shenyang	 	Brick and Concrete	 	 	 	 	 	1	 	1999/12/1	 	 	0.4219	 	 	 	5.5	%	 	 	2.5	%	 	 	0.4586	 	 	 
	5	 	GSY007	 	Flight Crew Court	 	No. 3, Xiaoheyanlu, Dadong District, Shenyang	 	Concrete	 	 	 	m 2	 	2500	 	2002/5/1	 	 	3.5181	 	 	 	5.5	%	 	 	2.5	%	 	 	3.8240	 	 	 

 

    	 

    	 

    

 

	Shenyang Subtotal	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	25.5368	 	 	 
	6	 	GDL001	 	Road (Warehouse - Airport apron	 	Northern  Airport Donglu, Ganjingzi District, Dalian	 	Cement	 	 	 	m 2	 	960	 	1998/11/1	 	 	0.9867	 	 	 	5.5	%	 	 	2.5	%	 	 	1.0725	 	 	 
	7	 	GDL002	 	Site (New Area)	 	Northern  Airport Donglu, Ganjingzi District, Dalian	 	Cement	 	 	 	m 2	 	15400	 	1998/11/1	 	 	20.2293	 	 	 	5.5	%	 	 	2.5	%	 	 	21.9884	 	 	 
	8	 	GDL003	 	Freight Dapeng	 	Northern  Airport Donglu, Ganjingzi District, Dalian	 	Framed Bent	 	 	 	m 2	 	2238	 	1998/11/1	 	 	24.5396	 	 	 	5.5	%	 	 	2.5	%	 	 	26.6735	 	 	 
	9	 	GDL004	 	Cargo Apron, Vehicle Apron	 	Northern  Airport Donglu, Ganjingzi District, Dalian	 	Cement	 	 	 	m 2	 	14600	 	1998/11/1	 	 	18.4743	 	 	 	5.5	%	 	 	2.5	%	 	 	20.0808	 	 	 
	10	 	GDL005	 	Bridge	 	Northern  Airport Donglu, Ganjingzi District, Dalian	 	Steel	 	 	 	m 2	 	352	 	1998/11/1	 	 	10.7993	 	 	 	5.5	%	 	 	2.5	%	 	 	11.7384	 	 	 

 

    	 

    	 

    

 

	11	 	GDL006	 	Road inside the Site	 	Northern  Airport Donglu, Ganjingzi District, Dalian	 	Cement	 	 	 	m 2	 	16000	 	1998/11/1	 	 	21.0175	 	 	 	5.5	%	 	 	2.5	%	 	 	22.8451	 	 	 
	12	 	GDL007	 	Apron	 	Northern  Airport Donglu, Ganjingzi District, Dalian	 	Cement	 	 	 	m 2	 	1900	 	2002/12/1	 	 	2.6915	 	 	 	5.5	%	 	 	2.5	%	 	 	2.9255	 	 	 
	13	 	GDL008	 	Drain cover	 	Northern  Airport Donglu, Ganjingzi District, Dalian	 	Cement	 	 	 	m 2	 	3240	 	2002/12/1	 	 	19.8375	 	 	 	5.5	%	 	 	2.5	%	 	 	21.5625	 	 	 
	Dalian Subtotal	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	128.8867	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	15	 	GCC012	 	Team 12 Water Tower	 	Erdao Airport	 	Mixed	 	Height of 25m	 	 	 	1	 	1986/1/1	 	 	0.8641	 	 	 	5.5	%	 	 	2.5	%	 	 	0.9392	 	 	 
	Changchun Subtotal	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.9392	 	 	 
	16	 	GXJ001	 	Damen	 	General Affairs Department	 	Electricity	 	 	 	 	 	1	 	1997/10/1	 	 	0.9615	 	 	 	5.5	%	 	 	2.5	%	 	 	1.0451	 	 	 
	Xinjiang Subtotal	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1.0451	 	 	 	 	 	 	 
	Shares leased buildings sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	156.4078	 	 	 

 

    	 

    	 

    

 

	Breakdown of Real estate lease rental project of China Southern Group : Airline catering services leased buildings	Exhibit 6

 

	No.	 	Asset
 no.
	 	Name of
 building
	 	Detailed
 Address
	 	Structure	 	Specificationa	 	Measurement
 Units
	 	Quantity	 	Date of
 Completion
	 	Property
 annual net
 income
 (RMB0’000/
 year)
	 	 	Operation tax
 & additional
 fees
	 	 	Management
 fee rate
	 	 	Reference annual
 rent
 (RMB0’000/year)
	 	 	Notes
	1	 	GXJ002	 	Flight Supplies Guojidamen	 	Airport Catering Company	 	Electricity	 	b6.h1.8m	 	 	 	1	 	Dec/00	 	 	0.3188	 	 	 	5.5	%	 	 	2.5	%	 	 	0.3465	 	 	 
	Airline catering services leased buildings Total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.3465	 	 	 

 

    	 

    	 

    

 

	Breakdown of Real estate lease rental project of China Southern Group : Shares leased pipelines and trenches	Exhibit 7

 

	No.	 	Reference No.	 	Name of
 pipeline
	 	Detailed
 address
	 	Length (m)	 	Deep of
 trench (m)
	 	Thickness (m)	 	Material	 	Method of
 Insulation
	 	Date of
 Completion
	 	Annual net
 income
 (RMB0'000/year)
	 	 	Operation
 tax
	 	 	Management
 fee rate
	 	 	Reference annual
 rent
 (RMB0’000/year)
	 	 	Notes
	1	 	GSY008-010	 	Wulihe Water Supply	 	No. 5, Wenan Road, Heping District	 	590	 	1.5	 	DN150	 	Galvanized steel pipes	 	 	 	Dec-98	 	 	2.0751	 	 	 	5.50	%	 	 	2	%	 	 	2.2434	 	 	
	2	 	GSY011-012	 	Wulihe Drainage	 	No. 5, Wenan Road, Heping District	 	659	 	1.8	 	DN600	 	Cement pipes	 	 	 	Dec-98	 	 	1.5297	 	 	 	5.50	%	 	 	2	%	 	 	1.6537	 	 	 
	3	 	GSY013	 	Wulihe Drainage	 	No. 5, Wenan Road, Heping District	 	2150	 	1.8	 	DN600	 	Cement pipes	 	 	 	Jan-98	 	 	4.6771	 	 	 	5.50	%	 	 	2	%	 	 	5.0563	 	 	 
	 	 	Shenyang Sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	8.9534	 	 	 
	4	 	GDL010	 	Network	 	Beihangdong Road, Ganzijing District	 	20000	 	1.5	 	DN200	 	Cement pipes	 	 	 	Aug-97	 	 	42.7745	 	 	 	5.50	%	 	 	2	%	 	 	46.2427	 	 	 
	5	 	GDL011	 	Power cable	 	Beihangdong Road, Ganzijing District	 	20000	 	 	 	 	 	Insulated copper wire	 	 	 	Aug-97	 	 	39.9229	 	 	 	5.50	%	 	 	2	%	 	 	43.1599	 	 	 
	6	 	GDL012	 	Running water	 	Beihangdong Road, Ganzijing District	 	20000	 	1.5	 	DN150	 	Galvanized steel pipes	 	 	 	Aug-97	 	 	36.0343	 	 	 	5.50	%	 	 	2	%	 	 	38.9560	 	 	 

 

    	 

    	 

    

 

	 	 	Dalian Subtotal	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	128.3586	 	 	 
	7	 	GCC001	 	Heating Engineering	 	Erdao Airport	 	3500	 	Cover up	 	219*7.5	 	Welded pipes	 	Rockwool	 	Dec-93	 	 	9.2596	 	 	 	5.50	%	 	 	2	%	 	 	10.0104	 	 	 
	8	 	GCC003	 	Well	 	Erdao	 	20	 	93	 	256	 	Cast iron	 	Anticorrosive	 	Dec-94	 	 	0.7576	 	 	 	5.50	%	 	 	2	%	 	 	0.8190	 	 	 
	 	 	Changchun Subtotal	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	10.8294	 	 	 
	9	 	GHEB001	 	Drainage	 	Complex Building, Pump	 	436	 	2.7	 	DN200	 	Cast iron	 	 	 	Sep-95	 	 	0.7513	 	 	 	5.50	%	 	 	2	%	 	 	0.8122	 	 	 
	10	 	GHEB002	 	Drainage	 	Station and Sewage	 	118	 	2.7	 	DN150	 	Cast iron	 	 	 	Sep-95	 	 	0.1507	 	 	 	5.50	%	 	 	2	%	 	 	0.1629	 	 	 
	11	 	GHEB003	 	Drainage	 	 	 	10	 	2.7	 	DN100	 	Cast iron	 	 	 	Sep-95	 	 	0.0112	 	 	 	5.50	%	 	 	2	%	 	 	0.0121	 	 	 
	12	 	GHEB004	 	Drainage	 	 	 	326	 	2.7	 	DN200	 	Cast iron	 	 	 	Sep-95	 	 	0.5618	 	 	 	5.50	%	 	 	2	%	 	 	0.6074	 	 	 
	13	 	GHEB005	 	Drainage	 	 	 	108	 	2	 	DN300	 	Cast iron	 	 	 	Sep-95	 	 	0.3026	 	 	 	5.50	%	 	 	2	%	 	 	0.3271	 	 	 
	14	 	GHEB006	 	Water Supply pipelines	 	Ring type pipeline network	 	980	 	2	 	DN150	 	Cast iron	 	 	 	Jun-95	 	 	1.2514	 	 	 	5.50	%	 	 	2	%	 	 	1.3529	 	 	 

 

    	 

    	 

    

 

	15	 	GHEB007	 	Water Supply pipelines	 	Ring type pipeline network	 	980	 	2.3	 	DN150	 	Cast iron	 	 	 	Jun-97	 	 	1.2862	 	 	 	5.50	%	 	 	2	%	 	 	1.3905	 	 	 
	16	 	GHEB008	 	Drainage	 	Hangar	 	880	 	1.5	 	DN200	 	Cast iron	 	 	 	Jun-97	 	 	1.5586	 	 	 	5.50	%	 	 	2	%	 	 	1.6850	 	 	 
	17	 	GHEB009	 	Heating Network	 	Heating	 	140	 	1.5	 	D377*7	 	Concrete pipes	 	 	 	Sep-97	 	 	0.2454	 	 	 	5.50	%	 	 	2	%	 	 	0.2653	 	 	 
	18	 	GHEB010	 	Heating Network	 	Heating	 	530	 	1.5	 	D325*7	 	Heat insulation pipes	 	 	 	Sep-97	 	 	1.4864	 	 	 	5.50	%	 	 	2	%	 	 	1.6069	 	 	 
	19	 	GHEB011	 	Heating Network	 	Heating	 	220	 	1.5	 	D273*6	 	Heat insulation pipes	 	 	 	Sep-97	 	 	0.5244	 	 	 	5.50	%	 	 	2	%	 	 	0.5669	 	 	 
	20	 	GHEB012	 	Heating Network	 	Heating	 	660	 	1.5	 	D159*4.5	 	Heat insulation pipes	 	 	 	Sep-97	 	 	0.9255	 	 	 	5.50	%	 	 	2	%	 	 	1.0005	 	 	 
	21	 	GHEB013	 	Heating Network	 	Heating	 	420	 	1.5	 	D133*4	 	Heat insulation pipes	 	 	 	Sep-97	 	 	0.5301	 	 	 	5.50	%	 	 	2	%	 	 	0.5731	 	 	 
	22	 	GHEB014	 	Heating Network	 	Heating	 	240	 	1.5	 	D108*4	 	Heat insulation pipes	 	 	 	Sep-97	 	 	0.2692	 	 	 	5.50	%	 	 	2	%	 	 	0.2910	 	 	 
	23	 	GHEB015	 	Heating Network	 	Heating	 	220	 	1.5	 	D89*4	 	Heat insulation pipes	 	 	 	Sep-97	 	 	0.219	 	 	 	5.50	%	 	 	2	%	 	 	0.2368	 	 	 

 

    	 

    	 

    

 

	24	 	GHEB016	 	Heating Network	 	Heating	 	460	 	1.5	 	D76*4	 	Heat insulation pipes	 	 	 	Sep-97	 	 	0.4064	 	 	 	5.50	%	 	 	2	%	 	 	0.4394	 	 	 
	25	 	GHEB017	 	Steam Pipeline Network	 	Reserved  for the use of hangar	 	1110	 	1.5	 	D159*4.5	 	Heat insulation pipes	 	 	 	Oct-97	 	 	1.612	 	 	 	5.50	%	 	 	2	%	 	 	1.7427	 	 	 
	26	 	GHEB018	 	Steam Pipeline Network	 	Reserved  for the use of hangar	 	1110	 	1.5	 	D108*4	 	Heat insulation pipes	 	 	 	Oct-97	 	 	1.2896	 	 	 	5.50	%	 	 	2	%	 	 	1.3942	 	 	 
	27	 	GHEB019	 	Heat Network	 	No. 89, Changjiang Road	 	110	 	1.02	 	80*4	 	Heat insulation pipes	 	 	 	Oct-99	 	 	0.2644	 	 	 	5.50	%	 	 	2	%	 	 	0.2858	 	 	 
	28	 	GHEB020	 	Water Route	 	No. 89, Changjiang Road	 	110	 	1.2	 	50*3.5	 	Heat insulation pipes	 	 	 	Oct-99	 	 	0.1603	 	 	 	5.50	%	 	 	2	%	 	 	0.1733	 	 	 
	29	 	GHEB021	 	Sewage and drainage	 	No. 89, Changjiang Road	 	127.4	 	1.85	 	150	 	Cast iron	 	 	 	Jan-99	 	 	0.1823	 	 	 	5.50	%	 	 	2	%	 	 	0.1971	 	 	 
	30	 	GHEB022	 	Septic tank	 	No. 89, Changjiang Road	 	2	 	 	 	6*4*4	 	Concrete pipe	 	 	 	Jan-99	 	 	0.217	 	 	 	5.50	%	 	 	2	%	 	 	0.2346	 	 	 
	31	 	GHEB023	 	Sewage and drainage	 	No. 89, Changjiang Road	 	1	 	 	 	4*2*4	 	Concrete pipe	 	 	 	Jan-99	 	 	0.0502	 	 	 	5.50	%	 	 	2	%	 	 	0.0543	 	 	 

 

    	 

    	 

    

 

	32	 	GHEB024	 	Sewage and drainage	 	No. 89, Changjiang Road	 	60	 	1.85	 	150	 	Cast iron	 	 	 	Jan-99	 	 	0.0858	 	 	 	5.50	%	 	 	2	%	 	 	0.0928	 	 	 
	33	 	GHEB025	 	Sewage and drainage	 	No. 89, Changjiang Road	 	70	 	2	 	200	 	Cast iron	 	 	 	Jan-99	 	 	0.1351	 	 	 	5.50	%	 	 	2	%	 	 	0.1461	 	 	 
	34	 	GHEB026	 	Check well	 	No. 89, Changjiang Road	 	18	 	2.3	 	 	 	Brick	 	 	 	Jan-99	 	 	4.0001	 	 	 	5.50	%	 	 	2	%	 	 	4.3244	 	 	 
	35	 	GHEB027	 	Rainwater Drainage	 	No. 89, Changjiang Road	 	350	 	 	 	200	 	Cement pipes	 	 	 	May-00	 	 	0.7227	 	 	 	5.50	%	 	 	2	%	 	 	0.7813	 	 	 
	36	 	GHEB028	 	Drain	 	No. 89, Changjiang Road	 	14	 	 	 	1.2*0.6*1	 	Concrete	 	 	 	May-00	 	 	0.3036	 	 	 	5.50	%	 	 	2	%	 	 	0.3282	 	 	 
	37	 	GHEB029	 	Fire control pipeline network	 	No. 89, Changjiang Road	 	330	 	3.2	 	 	 	Steel pipes	 	 	 	Oct-99	 	 	0.5447	 	 	 	5.50	%	 	 	2	%	 	 	0.5889	 	 	 
	38	 	GHEB030	 	Pipelines Network	 	Boiler Room	 	96.1	 	2.5	 	200	 	Cast iron	 	 	 	Sep-96	 	 	0.1656	 	 	 	5.50	%	 	 	2	%	 	 	0.1790	 	 	 

 

    	 

    	 

    

 

	39	 	GHEB031	 	Pipelines Network	 	Garage	 	230	 	2.5	 	150	 	Cast iron	 	 	 	Sep-96	 	 	0.2937	 	 	 	5.50	%	 	 	2	%	 	 	0.3175	 	 	 
	40	 	GHEB032	 	Pipelines Network	 	Garage	 	136	 	2.5	 	100	 	Cast iron	 	 	 	Sep-96	 	 	0.1416	 	 	 	5.50	%	 	 	2	%	 	 	0.1531	 	 	 
	41	 	GHEB033	 	Pipelines Network	 	Garage	 	56	 	2.5	 	75	 	Cast iron	 	 	 	Sep-96	 	 	0.0583	 	 	 	5.50	%	 	 	2	%	 	 	0.0630	 	 	 
	42	 	GHEB019	 	Pipelines Network	 	Catering, boiler	 	72.5	 	2	 	50	 	Steel pipes	 	 	 	Sep-96	 	 	0.0225	 	 	 	5.50	%	 	 	2	%	 	 	0.0243	 	 	 
	43	 	GHEB034	 	Pipelines Network	 	Room, Garage	 	435	 	2.4	 	200	 	Steel and Concrete	 	 	 	Sep-96	 	 	0.7415	 	 	 	5.50	%	 	 	2	%	 	 	0.8016	 	 	 
	44	 	GHEB035	 	Pipelines Network	 	Room, Garage	 	20	 	2	 	125	 	Cast iron	 	 	 	Sep-96	 	 	0.0893	 	 	 	5.50	%	 	 	2	%	 	 	0.0965	 	 	 
	45	 	GHEB036	 	Pipelines Network	 	Room, Garage	 	5	 	2	 	80	 	Cast iron	 	 	 	Sep-96	 	 	0.0223	 	 	 	5.50	%	 	 	2	%	 	 	0.0241	 	 	 
	46	 	GHEB037	 	Cast iron	 	Complex Building	 	436	 	2.7	 	200	 	Cast iron	 	 	 	Sep-95	 	 	0.7513	 	 	 	5.50	%	 	 	2	%	 	 	0.8122	 	 	 
	47	 	GHEB038	 	Drainage	 	Sewage	 	118	 	2.7	 	150	 	Cast iron	 	 	 	Sep-95	 	 	0.1507	 	 	 	5.50	%	 	 	2	%	 	 	0.1629	 	 	 
	48	 	GHEB039	 	Drainage	 	Treatment plant	 	10	 	2.7	 	100	 	Cast iron	 	 	 	Sep-95	 	 	0.0104	 	 	 	5.50	%	 	 	2	%	 	 	0.0112	 	 	 
	49	 	GHEB040	 	Drainage	 	 	 	326	 	3	 	200	 	Cast iron	 	 	 	Sep-95	 	 	0.5618	 	 	 	5.50	%	 	 	2	%	 	 	0.6074	 	 	 

 

    	 

    	 

    

 

	50	 	GHEB041	 	Drainage	 	 	 	108	 	5.5	 	300	 	Cast iron	 	 	 	Sep-95	 	 	0.3026	 	 	 	5.50	%	 	 	2	%	 	 	0.3271	 	 	 
	51	 	GHEB042	 	Pipelines Network	 	Ring type pipeline network	 	980	 	2	 	150	 	Cast iron	 	 	 	Jun-97	 	 	1.2862	 	 	 	5.50	%	 	 	2	%	 	 	1.3905	 	 	 
	52	 	GHEB043	 	Pipelines Network	 	Ring type pipeline network	 	1040	 	2	 	200	 	Cast iron	 	 	 	Jun-97	 	 	1.842	 	 	 	5.50	%	 	 	2	%	 	 	1.9914	 	 	 
	53	 	GHEB044	 	Drainage	 	Hangar and pump station	 	880	 	2	 	200	 	Concrete pipes	 	 	 	Jun-97	 	 	1.5417	 	 	 	5.50	%	 	 	2	%	 	 	1.6667	 	 	 
	54	 	GHEB048	 	Heating network	 	Heating	 	140	 	1.5	 	377*7	 	Heat insulation pipes	 	 	 	Sep-97	 	 	0.4319	 	 	 	5.50	%	 	 	2	%	 	 	0.4669	 	 	 
	55	 	GHEB049	 	Heating network	 	Heating	 	530	 	1.5	 	325*7	 	Heat insulation pipes	 	 	 	Sep-97	 	 	1.4864	 	 	 	5.50	%	 	 	2	%	 	 	1.6069	 	 	 
	56	 	GHEB050	 	Heating network	 	Heating	 	220	 	1.5	 	273*6	 	Heat insulation pipes	 	 	 	Sep-97	 	 	0.5244	 	 	 	5.50	%	 	 	2	%	 	 	0.5669	 	 	 

 

    	 

    	 

    

 

	57	 	GHEB051	 	Heating network	 	Heating	 	600	 	1.5	 	159*4.5	 	Heat insulation pipes	 	 	 	Sep-97	 	 	0.8413	 	 	 	5.50	%	 	 	2	%	 	 	0.9095	 	 	 
	58	 	GHEB052	 	Heating network	 	Heating	 	420	 	1.5	 	133*4	 	Heat insulation pipes	 	 	 	Sep-97	 	 	0.5301	 	 	 	5.50	%	 	 	2	%	 	 	0.5731	 	 	 
	59	 	GHEB053	 	Heating network	 	Heating	 	240	 	1.5	 	108*4	 	Heat insulation pipes	 	 	 	Sep-97	 	 	0.2692	 	 	 	5.50	%	 	 	2	%	 	 	0.2910	 	 	 
	60	 	GHEB054	 	Heating network	 	Heating	 	220	 	1.5	 	89*4	 	Heat insulation pipes	 	 	 	Sep-97	 	 	0.219	 	 	 	5.50	%	 	 	2	%	 	 	0.2368	 	 	 
	61	 	GHEB055	 	Heating network	 	Heating	 	460	 	1.5	 	76*4	 	Heat insulation pipes	 	 	 	Jul-97	 	 	0.4212	 	 	 	5.50	%	 	 	2	%	 	 	0.4554	 	 	 
	62	 	GHEB056	 	Steam Pipeline Network	 	Reserved  for the use of hangar	 	1110	 	1.5	 	159*4.5	 	Heat insulation pipes	 	 	 	Oct-97	 	 	1.612	 	 	 	5.50	%	 	 	2	%	 	 	1.7427	 	 	 

 

    	 

    	 

    

 

	63	 	GHEB057	 	Steam Pipeline Network	 	Reserved  for the use of hangar	 	1110	 	1.5	 	108*4	 	Heat insulation pipes	 	 	 	Oct-97	 	 	1.2896	 	 	 	5.50	%	 	 	2	%	 	 	1.3942	 	 	 
	64	 	GHEB058	 	Cable Trench	 	 	 	500	 	1	 	800	 	 	 	 	 	Oct-98	 	 	0.7413	 	 	 	5.50	%	 	 	2	%	 	 	0.8014	 	 	 
	65	 	GHEB059	 	Cable Trench	 	 	 	500	 	1	 	800	 	 	 	 	 	Oct-98	 	 	0.7413	 	 	 	5.50	%	 	 	2	%	 	 	0.8014	 	 	 
	 	 	Harbin Sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	40.1484	 	 	 
	 	 	Shares leased pipelines and Trench total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	188.2898Land Lease Agreement

 

Date: 9 January 2014

 

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
(CSAHC) (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 Economic and
Technological Development Zone

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 2014.

 

Chapter 3 Rental Payments

 

Article 7 Party B agrees to pay Party A an annual rental of
RMB 63,582,200 each year. Rental payment, provided by Party B to Party A on a quarterly basis, shall be settled within 15 days
from the start date of the first month of each quarter by bank remittance. Within 5 days upon receipt of payment, Party A shall
issue a receipt of the respective amount.

 

Article 8 Party B shall remit the rental payment to the bank
account of Party A on or before the respective required payment date. 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 and shall not retrieve or reject to enter into the Land Lease Agreement for any reasons.

 

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.

 

Article 15 Party B accepts the commission by Party A, according
to the relevant provisions of the local tax authorities to declare and pay property taxes and tenure taxes. The tax payment is
borne by Party A. The property taxes are settled on quarterly basis and tenure taxes are settled on yearly basis. Party A shall
refund to Party B within 15 working days upon receipt of the duty-paid original certificate and tax return statement of assets
provided by Party B.

 

Chapter 5 Usage of Land

 

Article 16 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 17 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 18 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 Land Lease Agreement has to be
signed again according to the changed land usage upon the approval from Party A.

 

Chapter 6 Expiration

 

Article 19 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 20 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 21 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 22 In the event of failure of Party B to provide timely
rental payment, the party shall pay an overdue fine, initially equivalent to 0.04% of the amount of the land rental payment, until
the party completely settled the payment of such installment.

 

Chapter 9 Applicable Legal and Dispute
Resolutions

 

Article 23 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 24 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 25 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 26 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.

 

Article 27 For issues not stipulated in this contract, it may
be included as the annex of this contract upon the negotiation of both parties. The annex of this contract and this contract are
equally valid.

 

    	 

    	 

    

 

	Party A:	Party B:
	China Southern Air Holding Company	China Southern Airlines Company Limited
	Authorized representative:	Authorized representative:

 

    	 

    	 

    

 

	List of assets	 	 	 	 	Unit: RMB0’000	 
	Type of assets :	 	Shares leased assets	 	 	Airline catering services leased assets	 
	Total land rent:	 	 	6042.5664	 	 	 	315.6534	 
	Total property rent:	 	 	3327.7024	 	 	 	338.7242	 
	Total building rent:	 	 	156.4078	 	 	 	0.3465	 
	Total pipelines and trenches rent:	 	 	188.2898	 	 	 	0	 
	Total rent sub-total	 	 	9714.9664	 	 	 	654.7241	 
	Total rent(gross) :	 	 	 	 	 	 	10369.6905	 

 

    	 

    	 

    

 

	Breakdown of Real estate lease rental project of China Southern Group : Shares leased land	Exhibit 1

 

Breakdown of Real estate lease rental project of China Southern
Group : Shares leased assets

 

	No	 	Asset no.	 	Parcel name	 	Land users
 at
 valuation
 date	 	Land use rights
 certificate number	 	Location of parcel	 	Registration
 purpose at
 valuation
 reference date	 	Actual
 development
 progress at
 valuation
 reference date	 	Remaining
 useful life
 of the land	 	 	Land area
 (m2)	 	 	Total net income
 (RMB0’000/year)	 	 	Land use tax
 unit price
 (RMB0’000/
 year)	 	 	Land use tax
 (RMB0’000/year)	 	 	Business
 tax rate	 	 	Management
 Fee Rate	 	 	Land
 reference
 annul lease
 rent
 (RMB0’000/
 year)	 
	1	 	DXJ004	 	Airport Service Area	 	China Southern Airlines Company Limited	 	Niaoguoyobg (2004) No 0008712	 	No. 46 Yingbin Road, Xinshi District	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	39.26	 	 	 	72534.82	 	 	 	255.5914	 	 	 	1.5	 	 	 	0.0059	 	 	 	5.5	%	 	 	2.5	%	 	 	277.8232	 
	2	 	DXJ006	 	Ground Service Company 1 (Special Garage)	 	China Southern Airlines Company Limited	 	Niaoguoyobg (2004) No 0008714	 	No. 46 Yingbin Road, Xinshi District	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	39.26	 	 	 	39515.44	 	 	 	139.241	 	 	 	1.5	 	 	 	0.0059	 	 	 	5.5	%	 	 	2.5	%	 	 	151.3553	 
	3	 	DXJ007	 	Ground Service Company 2 (Ferry Garage)	 	China Southern Airlines Company Limited	 	Niaoguoyobg (2004) No 0008715	 	No. 46 Yingbin Road, Xinshi District	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	39.26	 	 	 	2863.99	 	 	 	10.0918	 	 	 	1.5	 	 	 	0.0059	 	 	 	5.5	%	 	 	2.5	%	 	 	10.9758	 

 

    	 

    	 

    

 

	4	 	DXJ013	 	Cargo Warehouse	 	China Southern Airlines Company Limited	 	Niaoguoyobg (2004) No 0008715	 	No. 46 Yingbin Road, Xinshi District	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	39.26	 	 	 	33792.16	 	 	 	119.0735	 	 	 	1.5	 	 	 	0.0059	 	 	 	5.5	%	 	 	2.5	%	 	 	129.4341	 
	5	 	DXJ008	 	Airport Materiel Area	 	China Southern Airlines Company Limited	 	Niaoguoyobg (2004) No 0008716	 	No. 46 Yingbin Road, Xinshi District	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	39.26	 	 	 	34757.01	 	 	 	122.4736	 	 	 	1.5	 	 	 	0.0059	 	 	 	5.5	%	 	 	2.5	%	 	 	133.1299	 
	6	 	DXJ001	 	Cultural Centre	 	China Southern Airlines Company Limited	 	Niaoguoyobg (2004) No 0008709	 	No. 46 Yingbin Road, Xinshi District	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	39.26	 	 	 	20599.43	 	 	 	72.4454	 	 	 	1.5	 	 	 	0.0059	 	 	 	5.5	%	 	 	2.5	%	 	 	78.7514	 
	7	 	DXJ009	 	Expert Building	 	China Southern Airlines Company Limited	 	Niaoguoyobg (2004) No 0008717	 	No. 46 Yingbin Road, Xinshi District	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	39.26	 	 	 	1575.94	 	 	 	5.553	 	 	 	1.5	 	 	 	0.0059	 	 	 	5.5	%	 	 	2.5	%	 	 	6.0423	 
	8	 	DXJ010	 	Cabin	 	China Southern Airlines Company Limited	 	Niaoguoyobg (2004) No 0008753	 	No. 46 Yingbin Road, Xinshi District	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	39.26	 	 	 	6981.95	 	 	 	24.602	 	 	 	1.5	 	 	 	0.0059	 	 	 	5.5	%	 	 	2.5	%	 	 	26.7477	 

 

    	 

    	 

    

 

	9	 	DXJ003	 	Flight Division 1	 	China Southern Airlines Company Limited	 	Niaoguoyobg (2004) No 0008711	 	No. 46 Yingbin Road, Xinshi District	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	39.26	 	 	 	32989.14	 	 	 	116.2436	 	 	 	1.5	 	 	 	0.0059	 	 	 	5.5	%	 	 	2.5	%	 	 	126.3582	 
	10	 	DXJ002	 	Flight Division 2	 	China Southern Airlines Company Limited	 	Niaoguoyobg (2004) No 0008710	 	No. 46 Yingbin Road, Xinshi District	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	39.26	 	 	 	9969.82	 	 	 	35.1311	 	 	 	1.5	 	 	 	0.0059	 	 	 	5.5	%	 	 	2.5	%	 	 	38.1924	 
	11	 	DXJ012	 	Training Centre	 	China Southern Airlines Company Limited	 	Niaoguoyobg (2004) No 0008728	 	No. 46 
Yingbin Road, Xinshi District	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	39.26	 	 	 	71748.97	 	 	 	252.822	 	 	 	1.5	 	 	 	0.0059	 	 	 	5.5	%	 	 	2.5	%	 	 	274.8129	 
	12	 	DXJ005	 	New Terminal	 	China Southern Airlines Company Limited	 	Niaoguoyobg (2004) No 0008713	 	No. 46 Yingbin Road, Xinshi District	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	39.26	 	 	 	215715.2	 	 	 	760.117	 	 	 	1.5	 	 	 	0.0059	 	 	 	5.5	%	 	 	2.5	%	 	 	826.2205	 
	Xinjiang sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	543003.8700	 	 	 	1913.3854	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	2079.8437	 
	13	 	DHEB008	 	Integrated office area	 	China Southern Airlines Company Limited	 	Hagoyong (2007) No 37764	 	No. 34 Ganshui Road, Xiangfang District, Harbin	 	Office	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	29.48	 	 	 	1854.95	 	 	 	52.1377	 	 	 	18.0000	 	 	 	0.0531	 	 	 	5.5	%	 	 	2.5	%	 	 	56.7291	 

 

    	 

    	 

    

 

	14	 	DHEB007	 	Training Centre	 	China Southern Airlines Company Limited	 	Hagoyong (2004) 
No 16103	 	No. 89 Changjiang Road, Nangang, Harbin	 	Education	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	360.6	 	 	 	10.1337	 	 	 	14.0000	 	 	 	0.0700	 	 	 	5.5	%	 	 	2.5	%	 	 	11.0910	 
	15	 	DHEB005	 	Flight Building Office	 	China Southern Airlines Company Limited	 	Hagoyong (2004) No 16342	 	Yiqing Street, Nangang District, Harbin	 	Land for 
agencies and organizations	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	1584.3	 	 	 	44.5237	 	 	 	14.0000	 	 	 	0.0700	 	 	 	5.5	%	 	 	2.5	%	 	 	48.4714	 
	16	 	DHEB006	 	Cabin Office	 	China Southern Airlines Company Limited	 	Hagoyong (2004) No 16346	 	Heping Road, Nangang District, Harbin	 	Land for 
agencies and organizations	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	1882.8	 	 	 	52.6514	 	 	 	18.0000	 	 	 	0.0900	 	 	 	5.5	%	 	 	2.5	%	 	 	57.3276	 
	17	 	DHEB004	 	Airport Maintenance 1	 	China Southern Airlines Company Limited	 	Hagoyong (2004) No 16344	 	Baijiagang Airport, Daoli District	 	Civil Airport	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	128206.5	 	 	 	641.3741	 	 	 	2.0000	 	 	 	0.0100	 	 	 	5.5	%	 	 	2.5	%	 	 	697.1566	 
	18	 	DHEB001	 	Airport Maintenance 2	 	China Southern Airlines Company Limited	 	Hagoyong (2004) No 16345	 	Baijiagang Airport, Daoli District	 	Civil Airport	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	102000	 	 	 	510.2716	 	 	 	2.0000	 	 	 	0.0100	 	 	 	5.5	%	 	 	2.5	%	 	 	554.6539	 

 

    	 

    	 

    

 

	19	 	DHEB002	 	Airport Material Area	 	China Southern Airlines Company Limited	 	Hagoyong (2004) No 16347	 	Baijiagang Airport, Daoli District	 	Civil Airport	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	22230.6	 	 	 	111.212	 	 	 	2.0000	 	 	 	0.0100	 	 	 	5.5	%	 	 	2.5	%	 	 	120.8935	 
	20	 	DHEB003	 	Airport Services and Catering	 	China Southern Airlines Company Limited	 	Hagoyong (2004) No 16349	 	Baijiagang Airport, Daoli District	 	Civil Airport	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	9751.9	 	 	 	48.7858	 	 	 	2.0000	 	 	 	0.0100	 	 	 	5.5	%	 	 	2.5	%	 	 	53.0389	 
	Harbin	 	 	 	 	 	 	 	 	 	 	 	 	 	 	267871.6500	 	 	 	1471.0900	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1599.3620	 
	21	 	DCC002	 	Agency office	 	China Southern Airlines Company Limited	 	Hagoyong (2004) No 010500021	 	No.5038, Jilindadao, Erdao District (Economic and Technological Development Zone), Changchun	 	Business	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	27.4	 	 	 	7930.3	 	 	 	95.0977	 	 	 	6.0000	 	 	 	0.0164	 	 	 	5.5	%	 	 	2.5	%	 	 	103.3849	 
	22	 	DCC003	 	Erdao Office Area	 	China Southern Airlines Company Limited	 	Hagoyong (2004) No 10500003	 	1 Gongli, Jixiang Road, Erdao District, Changchun	 	Civil Airport	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	40.13	 	 	 	57146	 	 	 	537.4347	 	 	 	6.0000	 	 	 	0.0241	 	 	 	5.5	%	 	 	2.5	%	 	 	594.1943	 
	Changchun sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	65076.3000	 	 	 	632.5324	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	687.5792	 

 

    	 

    	 

    

 

	23	 	DCY001	 	Camp	 	China Southern Airlines Company Limited	 	Zhaoyangguoyong (2004) Zidi	 	No. 58, Section 4, Chaoyangdajie	 	Land for transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	31226.67	 	 	 	139.1141	 	 	 	4.0000	 	 	 	0.0200	 	 	 	5.5	%	 	 	2.5	%	 	 	151.2327	 
	Zhaoyang sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	31226.6700	 	 	 	139.1141	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	151.2327	 
	24	 	DDL002	 	Office and hotel	 	China Southern Airlines Company Limited	 	Daguoyong (2004) Zi No 04001	 	No. 65, Yingke Road, Jichangjianjiedao, Ganjingzi	 	Land for business services	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	40	 	 	 	14403.4	 	 	 	621.4499	 	 	 	6.0000	 	 	 	0.0240	 	 	 	5.5	%	 	 	2.5	%	 	 	675.5151	 
	Dalian sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	14403.4000	 	 	 	621.4499	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	675.5151	 
	25	 	DSY011	 	Youth Hostel	 	China Southern Airlines Company Limited	 	Donglingguoyong (2004) No 02508	 	Xiantao Town, Dongling District, Shenyang	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	1332.32	 	 	 	5.9133	 	 	 	2.0000	 	 	 	0.0100	 	 	 	5.5	%	 	 	2.5	%	 	 	6.4384	 
	26	 	DSY004	 	Cargo Area	 	China Southern Airlines Company Limited	 	Donglingguoyong (2004) No 02505	 	Xiantao Town, Dongling District, Shenyang	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	17135.56	 	 	 	76.0585	 	 	 	2.0000	 	 	 	0.01000	 	 	 	5.5	%	 	 	2.5	%	 	 	82.6832	 

 

    	 

    	 

    

 

	27	 	DSY012	 	Measure and catering area	 	China Southern Airlines Company Limited	 	Donglingguoyong (2004) No 02506	 	Xiantao Town, Dongling District, Shenyang	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	11412	 	 	 	50.6536	 	 	 	2.0000	 	 	 	0.0100	 	 	 	5.5	%	 	 	2.5	%	 	 	55.0691	 
	28	 	DSY001	 	Airport Material Area	 	China Southern Airlines Company Limited	 	Donglingguoyong (2004) No 02502	 	Xiantao Town, Dongling District, Shenyang	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	14192.63	 	 	 	62.996	 	 	 	2.0000	 	 	 	0.0100	 	 	 	5.5	%	 	 	2.5	%	 	 	68.4848	 
	29	 	DSY015	 	Office Building	 	China Southern Airlines Company Limited	 	Donglingguoyong (2004) No 02509	 	Xiantao Town, Dongling District, Shenyang	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	6971.394	 	 	 	30.9438	 	 	 	2.0000	 	 	 	0.0100	 	 	 	5.5	%	 	 	2.5	%	 	 	33.6454	 
	30	 	DSY002	 	Airport Services Area	 	China Southern Airlines Company Limited	 	Donglingguoyong (2004) No 02507	 	Xiantao Town, Dongling District, Shenyang	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	54634.13	 	 	 	242.5008	 	 	 	2.0000	 	 	 	0.0100	 	 	 	5.5	%	 	 	2.5	%	 	 	263.5987	 
	31	 	DSY003	 	Parking apron	 	China Southern Airlines Company Limited	 	Donglingguoyong (2004) No 02501	 	Xiantao Town, Dongling District, Shenyang	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	14518.87	 	 	 	64.4436	 	 	 	2.0000	 	 	 	0.0100	 	 	 	5.5	%	 	 	2.5	%	 	 	70.0583	 

 

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	32	 	DSY006	 	Parking apron	 	China Southern Airlines Company Limited	 	Donglingguoyong (2004) 
No 02503	 	Xiantao Town, Dongling District, Shenyang	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	13397.5	 	 	 	59.4663	 	 	 	2.0000	 	 	 	0.0100	 	 	 	5.5	%	 	 	2.5	%	 	 	64.6482	 
	33	 	DSY008	 	Computer Center	 	China Southern Airlines Company Limited	 	Shenyangguoyong (2004) No 0342	 	No. 388 
Qingniandajie, Heping District, Shenyang	 	Land for scientific research and design	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	40	 	 	 	4545.7	 	 	 	150.4611	 	 	 	5.0000	 	 	 	0.0200	 	 	 	5.5	%	 	 	2.5	%	 	 	163.5664	 
	34	 	DSY009	 	Boiler Room	 	China Southern Airlines Company Limited	 	Shenyangguoyong (2004) No 0103	 	No. 388 
Qingniandajie, Heping District, Shenyang	 	Residential	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	30	 	 	 	5156.5	 	 	 	37.5589	 	 	 	5.0000	 	 	 	0.0150	 	 	 	5.5	%	 	 	2.5	%	 	 	40.8412	 
	Shenyang sub-total	 	 	 	 	 	 	 	 	 	 	 	 	143296.6040	 	 	 	780.9959	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	849.0337	 
	Shares leased assets	 	 	 	 	 	 	 	 	 	 	 	 	1064878.4940	 	 	 	5558.5677	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	6042.5664	 

 

    	 

    	 

    

 

	Breakdown of Real estate lease rental project of China Southern Group : Airline catering services leased assets	Exhibit 2

 

Breakdown
of Real estate lease rental project of China Southern Group :Airline catering services leased assets

 

	No	 	Asset no.	 	Parcel name	 	Land users at
 valuation date	 	Land use rights
 certificate number	 	Location of
 parcel	 	Registration
 purpose at
 valuation
 reference date	 	Actual
 development
 progress at
 valuation
 reference date	 	Remaining
 useful life
 of the land	 	 	Land area
 (m2)	 	 	Total net income
 (RMB0’000/year)	 	 	Land use tax
 unit price
 (RMB0’000/
 year)	 	 	Land use tax
 (RMB0’000/year)	 	 	Business
 tax rate	 	 	Management
 Fee Rate	 	 	Land reference
 annul lease
 rent
 (RMB0’000/
 year)	 
	1	 	DXJ011	 	Xinjiang Airport Catering	 	China Southern Airlines Company Limited	 	Niaoguoyobg (2004) No 0008754	 	No. 46 
Yingbin Road, Xinshi District	 	Transportation	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	39.26	 	 	 	14269.36	 	 	 	50.2813	 	 	 	1.5	 	 	 	0.0059	 	 	 	5.5	%	 	 	2.5	%	 	 	54.6600	 
	2	 	DHEB004	 	Heilongjiang Airoport Catering	 	China Southern Airlines Company Limited	 	Haguoyong (2004) 
No 16344	 	Baijiagang Airport, Daoli District	 	Land for Beiji International Trade	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	6962	 	 	 	34.8282	 	 	 	2	 	 	 	0.0100	 	 	 	5.5	%	 	 	2.5	%	 	 	37.8676	 
	3	 	DLD001	 	Dalian Beiji Trade Building	 	Dalian Baoshui District Beiji International Trading Company Limited	 	Baoshuiquguoyong (01) Zi No 4002	 	Storage and processing area, Baoshui District, Dalian	 	Civil Airport	 	Outside parcel red line “Liu Tong” and area inside red line “smooth”	 	 	50	 	 	 	7752	 	 	 	205.2457	 	 	 	6	 	 	 	0.0300	 	 	 	5.5	%	 	 	2.5	%	 	 	223.1258	 
	Airline catering services leased assets sub-total	 	 	 	 	 	 	 	 	 	 	 	 	28983.3600	 	 	 	290.3552	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	315.6534

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}]]