Securities code: 600029 Securities abbreviation: China Southern Airlines
China Southern Airlines Co., Ltd.’s public issuance of A-share listing announcement
Print China Southern Airlines Co., Ltd. Announcement of the Company's Public Issuance of A Shares
Announcement Date 2003-07-19
Section 1 Important Statements and Tips
Section 2 Overview
p>Section 3 Introduction
Section 4 Overview of the Issuer
Section 5 Stock Issuance and Capital Structure
Section 6 Directors and Supervisors , Senior Management Personnel
Section 7 Horizontal Competition and Related Transactions
Section 8 Financial Accounting Information
Section 9 Important Matters
< p>Section 10: Listing Commitment of the Board of DirectorsSection 11: Listing Recommenders and Their Opinions
Section 1: Important Statements and Tips
China Southern Airlines Co., Ltd. Co., Ltd. (hereinafter referred to as the "Company", "the Company") the board of directors guarantees the authenticity, accuracy and completeness of the listing announcement. All directors promise that the listing announcement does not contain false records, misleading statements or major omissions, and bear individual responsibility. and joint liability.
In accordance with the provisions of the Company Law, Securities Law and other relevant laws and regulations, the Company’s directors and senior managers have fulfilled their obligations and responsibilities with integrity and diligence in accordance with the law.
For relevant contents not covered in the company’s stock listing announcements by stock exchanges, China Securities Regulatory Commission and other government agencies, investors are advised to check the "China Securities Journal" and "Shanghai" on July 7, 2003. Securities Journal" and "Securities Times", as well as the full text of the company's prospectus published on the website of the Shanghai Stock Exchange (www.sse.com.cn).
Overview of Section 2
1. Stock abbreviation: China Southern Airlines
2. Shanghai stock code: 600029
3. Shenzhen City agent stock code: 003029
4. Total share capital: 4.374178 million shares
5. Circulable share capital: 2.174178 million shares, including 1.174178 million H shares
6. The circulating capital of this listing: 100,000 shares
7. Issuance price: 2.70 yuan
8. Listing location: Shanghai Stock Exchange
9 , Listing date: July 25, 2003
10. Stock registration agency: China Securities Depository and Clearing Co., Ltd. Shanghai Branch
11. Listing recommender: China Galaxy Securities Co., Ltd. Responsible company
12. Circulation restrictions and deadlines for shares held by shareholders before the initial public offering of A-shares: According to the existing laws and regulations of the country and the China Securities Regulatory Commission’s [2003] No. 70 "About "Notice Approving the Public Issuance of Stocks by China Southern Airlines Co., Ltd.", the company's state-owned shares are temporarily not listed for circulation.
13. China Southern Airlines Group Co., the largest shareholder of the company’s A shares before the listing, promised not to transfer the company’s shares held within one year from the date of listing of the company’s shares, nor to control the company’s shares at any time. The Company repurchases the shares it holds.
Section 3 Introduction
The company’s listing announcement is made in accordance with the Company Law of the People’s Republic of China, the Securities Law of the People’s Republic of China, and the Securities Law of the People’s Republic of China. Regulations on the Administration of Stock Issuance and Trading, "Implementation Rules for Information Disclosure by Companies that Offer Stocks to the Public" and "Stock Listing Rules of the Shanghai Stock Exchange" and other relevant laws and regulations, in accordance with the "Companies that publicly offer securities" formulated by the China Securities Regulatory Commission The Information Disclosure Content and Format Guidelines No. 7 - Stock Listing Announcement" is prepared to provide investors with the company's basic information and relevant information for this stock listing.
As approved by the China Securities Regulatory Commission’s Zhengjianfazi [2003] No. 70 document, the company has issued shares per share on July 10, 2003 by pricing allotments to secondary market investors. There are 1,000,000 RMB ordinary shares with a face value of RMB 1.00, and the issuance price per share is RMB 2.70.
Approved by the Shanghai Stock Exchange's Shangzheng Shangzi [2003] No. 86 document, the company's public offering of 1,000,000 A-share public shares will be listed on the Shanghai Stock Exchange from July 25, 2003. trade. The stock abbreviation is "Southern Airlines", the Shanghai stock market stock code is 600029, and the Shenzhen stock market agency stock code is 003029.
The Company has published the "Summary of the Prospectus" in "China Securities Journal", "Shanghai Securities News" and "Securities Times" on July 7, 2003. The main text of the prospectus and its appendices can be viewed on the website of the Shanghai Stock Exchange (www.sse.com.cn). It is less than three months ago, so the repeated content will not be repeated. Investors are kindly requested to read the above content.
Section 4 Overview of the Issuer
1. Basic Information of the Issuer
1. Name of the Issuer: (Chinese) China Southern Airlines Co., Ltd.
p>(English) china southern airlines com pany limited
2. Registered capital: 4,374,178,000 yuan
3. Legal representative: Yan Zhiqing
4 . Business scope: 1. Providing domestic, regional and international scheduled and unscheduled air passenger, cargo, mail and luggage transportation services; 2. Providing general aviation services; 3. Providing aircraft maintenance services; 4. Operating agents for domestic and foreign airlines. Business; 5. Providing aviation catering services.
4. Date of establishment: March 25, 1995
5. Residence and postal code: Baiyun International Airport, Guangzhou City, Guangdong Province (postal code: 510405)
< p> 6. Telephone and fax numbers: Tel: (020) 86124737Fax: (020) 86659040
7. Internet address:
8. Electronic E-mail: ir.cz＠cs-air.com
2. Historical evolution of the issuer
1. Historical evolution and sponsors
The company is founded in China China Southern Airlines (Group) Company (now renamed China Southern Airlines Group Corporation, hereinafter referred to as "China Southern Airlines Group") was approved by the State Restructuring Commission System Reform (1994) No. 139, in accordance with the requirements of the Civil Aviation Administration of China and the State Restructuring Commission. According to the confirmed "Reorganization Report", it is a joint-stock company exclusively initiated and established with its relevant air transport business assets. The company was registered with the State Administration for Industry and Commerce of China on March 25, 1995, with a total share capital of 2.2 billion shares. China Southern Airlines (Group) Company holds and exercises the company's state-owned shares.
2. Issuance of H shares
According to the resolution of the company’s 1997 Extraordinary General Meeting of Shareholders and the National Restructuring Commission’s Ti Gaisheng (1997) No. 66 “Concerning the Approval of China Southern Airlines Shares Limited Company to be an Overseas Fundraising Company" and Ti Gaisheng (1997) No. 76 "Reply on Approving China Southern Airlines Co., Ltd. to Adjust the Amount of Foreign-invested Shares Listed Overseas", Securities Commission of the State Council (1997) 33 Document No. "Reply on Approval of China Southern Airlines Co., Ltd.'s Issuance of Overseas Listed Foreign-Investment Shares" was approved. From July to August 1997, the company issued 1.173178 million H shares overseas. After the issuance is completed, the company's total share capital will be 3.374178 million shares, including 2.200 million state shares, accounting for 65.2% of the total share capital, and 1.174178 million H shares, accounting for 34.8% of the total share capital.
3. Issuance of A shares
As approved by the China Securities Regulatory Commission’s Zhengjianfazi [2003] No. 70, the company adopted all second-tier IPOs on July 10, 2003. The company successfully issued 1,000,000 RMB ordinary shares with a face value of RMB 1.00 per share through pricing and placement by secondary market investors, with an issuance price of RMB 2.70 per share. After the completion of this issuance, the company's total share capital is 4,374.178 million shares; of which 2,200,000 state shares, accounting for 50.30% of the total share capital; 1,000,000 A shares are outstanding, accounting for 22.86% of the total share capital; and 1,174,178,000 H shares are , accounting for 26.84% of the total share capital. The company will go through the registration change procedures with the State Administration for Industry and Commerce in the near future.
3. Main business operations of the issuer
1. Main business of the issuer
China Southern Airlines Co., Ltd. and its holding subsidiaries (hereinafter referred to as " The main business of the Group is air passenger transportation, cargo and mail transportation, and passenger transportation revenue accounts for approximately 90% of the main business revenue.
2. Competitive advantages
(1) The largest number of aircraft and route network in China: the Group operates 122 jet civil air transport aircraft, including 737-200 , 737-300, 737-500, 737-700, 737-800, 757-200, 777-200, 747-200F, 747-400F and other Boeing aircraft 102 and Airbus 320 aircraft 20; as of December 2002 On the 31st, it operated 349 domestic and international routes and served 88 cities.
(2) Leading position in the domestic air transport market: The Group’s passenger traffic volume, number of scheduled flights per week, flight hours, number of routes and fleet size in the past three years ranked first among all domestic airlines. Ranked number one. The Group's market share in terms of passenger traffic volume was 24.9% in 2000, 25.4% in 2001, and 25.0% in 2002. It occupies about 50% of the market share in Guangzhou Baiyun Airport, the main hub port, and in Xiamen, Shenzhen, Haikou, etc. The base's market share in the number of outbound passengers and outbound cargo and mail volume ranks among the top, and it has an absolute market advantage in South China.
(3) Aviation safety advantages: The company always adheres to the policy of "safety first, prevention first", strictly follows the national civil aviation laws and regulations on flight safety, and implements a safety target responsibility system. It has established a complete safety assurance system, independently developed or introduced SOC (operation control system), QAR (flight quality monitoring system), and engine performance monitoring system, and used scientific management methods to ensure flight safety. The company has a good flight safety record. The flight accident incident rate per 10,000 hours in 2000, 2001 and 2002 were 0.19, 0.19 and 0.42 respectively, which were all lower than the standards set by the Civil Aviation Administration of China and were at the leading level in the domestic civil aviation transportation industry. The company won the Jinpeng Cup, China's highest civil aviation safety award, twice in 1995 and 2001.
(4) High management level: The company’s senior managers have rich management experience in the civil aviation industry. In recent years, the company has made great achievements in safety management, marketing management, cost management, revenue management, investment management, A number of reforms and system innovations have been carried out in aspects such as performance management and corporate mechanisms, which have achieved good economic and social benefits, and created a group of management talents with high management levels.
(5) Have an independent and complete pilot and flight attendant training system: The company is currently the only domestic airline with the ability to independently train pilots. The company's independent and complete pilot training system can continuously provide the company with well-trained pilots and provide strong personnel support for the company's continued and stable expansion of transportation capabilities. The company's flight attendant training center can also train qualified flight attendants according to the needs of the company's business development. Our company's training and training for pilots and flight attendants have obtained qualification approval from the Civil Aviation Administration of China. The company can provide corresponding training and retraining for pilots and flight attendants according to its own special requirements.
(6) Strong aircraft maintenance capabilities: The Company’s joint venture Guangzhou Aircraft Maintenance Engineering Co., Ltd. undertakes the maintenance tasks of most of the Group’s aircraft and engine components, ensuring the continued airworthiness and safety of operating aircraft. The high availability level provides strong guarantee for aircraft operations.
(7) Possessing the leading IT system in the domestic aviation industry: The company was the first in China to introduce the aircraft flight operation control system (SOC), and through comprehensive optimization and real-time allocation of aircraft and crew resources, it has greatly improved Flight safety and flight punctuality; the first to develop an e-commerce system in domestic civil aviation, launching online ticket booking, online cargo booking and electronic ticketing services, increasing revenue and reducing operating costs; introducing internationally advanced revenue management systems, It took the lead in China to fully implement revenue management to maximize flight revenue; it developed a frequent flyer system to increase market share and passenger loyalty.
(8) Brand service advantages: The company takes "convenient, reliable and punctual" as its brand strategy. It is one of the earliest airlines in the domestic civil aviation industry to implement marketing strategies and tactics, focusing on marketing concepts and service concepts. Through its cultivation, five ground service brands have been created and thirteen new service measures have been launched to customers. The company took the lead in introducing cabin culture in China's civil aviation industry and launched a comprehensive series of in-flight service brands such as "Careful Service", "Green Cabin", "Silver Wings" and "Sunshine Youth". Brand services have increased the company's visibility and established The company has a good corporate image. The Group has established a frequent flyer program with more than 2 million members.
(9) Rich resource integration experience: The company has gained rich aviation resource integration experience from the previous joint reorganization of Guizhou Airlines and Zhongyuan Airlines, and is more likely to be involved in the reorganization of the civil aviation industry. Achieve integration benefits.
3. Competitive disadvantages
(1) Higher exchange rate risk: The Group’s debts are mainly foreign currency debts formed by purchasing or financing leases of aircraft. Foreign exchange rates (especially US dollars and Japanese yen exchange rate) fluctuations have a greater impact on the Group's operating results.
(2) The average flight distance of routes is short: The Group has the most civil aviation routes, but they are mainly domestic routes. Its operating bases are mainly located in South China and Central China. Therefore, the average flight distance is short, resulting in the Group’s The unit cost is relatively high and the unit revenue is relatively low.
(3) Freight transportation strength needs to be improved: the growth rate of cargo and mail transportation business is higher than that of passenger transportation, but the company’s cargo and mail transportation revenue only accounts for about 10% of the main business revenue. The company needs to further strengthen freight transportation business.
4. Main financial indicators
Please refer to the relevant content in the "Financial Accounting Information" of this listing announcement
5. Main intellectual property rights and franchise rights and non-patented technologies
(1) Trademarks owned:
The company currently has the ownership and use rights of 4 trademarks:
Serial number Trademark registration certificate number Validity period
1 SKY PEARL CLUB 1442723 2000.9.7—2010.9.6
2 SKY PEARL CARD 1442724 2000.9.7—2010.9.6
3 Freight 5000 logo 1611624 2001.7.28—2011.7.27
4 Sunshine Boy and its logo 1941758 2002.10.21—2012.10.20
1927805 2002.9.7—2012.9.6
p>1956378 2002.12.21—2012.12.20
1956371 2002.12.21—2012.12.20
1927804 2002.9.7—2012.9.6
1923395 2002.9.7—2012.9.6
1941863 2002.10.21—2012.10.20
The company’s holding subsidiary Zhuhai Airlines Co., Ltd. has the trademark registration number 971666 Registered trademark. The company's holding subsidiary Xiamen Airlines Co., Ltd. owns the registered trademark of the pattern and the registered trademark of "Xiamen Airlines". The trademark registration numbers of the pattern are No. 779315, No. 853961, No. 855940, No. 873837 and No. 859804. The trademark registration number of "Xiamen Airlines" is No. 915846.
(2) Patented technology owned:
The State Intellectual Property Office awarded our company the "Handheld Digital Airborne VHF Radio Transmission Tester" on January 24, 2003 Utility model patent.
(3) Franchise rights
The company and its controlled subsidiaries Xiamen Airlines, Zhuhai Airlines, Shantou Airlines, Guizhou Airlines and Guangxi Airlines all hold "Franchise Rights" issued by the Civil Aviation Administration of China. Public Air Transport Enterprise Business License".
The Group’s operating routes all have route and flight operating license rights, which are determined through the National Civil Aviation Route and Flight Coordination Meeting twice a year in accordance with the relevant regulations of the Civil Aviation Administration of China, and are implemented by the Transportation Department of the Civil Aviation Administration of China as follows. If adjustments or modifications are necessary, they will be carried out by sending a fax and telegram.
The company's holding subsidiaries Guangxi Airlines, Guizhou Airlines, Zhuhai Airlines, Shantou Airlines, Xiamen Airlines and each of the company's branches all hold maintenance licenses issued by the Civil Aviation Administration of China. GAMECO, a joint venture subsidiary of the Company, holds maintenance licenses issued by CAAC, FAA, JAA, Civil Aviation Administration of Macau SAR and Civil Aviation Authority of Nepal.
(4) Non-patented technology
The company has a frequent flyer system, revenue management system, e-commerce system, SOC system (operation control system), TDMS system (China Southern Airlines aircraft maintenance technology Information electronic management system), front-end application system for freight, aircraft remote diagnosis real-time tracking system, housekeeping support system, computer-aided teaching system for aviation simulator training, etc. 9 non-patented technologies.
6. Main fiscal and tax preferential policies enjoyed
(1) According to the provisions of Caishui [2003] No. 113, from May 1, 2003 to September 30, 2003 The group's passenger transportation business is exempt from business tax, urban maintenance and construction tax, and education surcharge.
(2) According to the provisions of the Ministry of Finance Caizong Mingdian [2003] No. 1 "Notice of the Ministry of Finance on reducing or exempting some government funds for industries seriously affected by the SARS epidemic", since The Group's civil aviation infrastructure construction fund is exempted from May 1, 2003 to September 30, 2003.
(3) The Company’s holding subsidiaries Zhuhai Airlines Co., Ltd., China Southern Airlines (Group) Shantou Airlines Co., Ltd., and Xiamen Airlines Co., Ltd. operate in special economic zones and are subject to an income tax rate of 15%.
(4) According to the preferential treatment of the "Implementation Rules of the Income Tax Law of the People's Republic of China and Foreign-Invested Enterprises and Foreign Enterprises", the company's controlled subsidiary Guangzhou China Southern Aviation Catering Co., Ltd. has a central enterprise income tax rate of 24 %.
(5) According to the preferential treatment of Guangzhou Aircraft Maintenance Engineering Co., Ltd., the company’s joint venture company, Guangzhou Aircraft Maintenance Engineering Co., Ltd. has an enterprise income tax rate of 15 %; According to Caishui [2000] No. 102, starting from January 1, 2000, the tax authorities will adopt a tax refund policy for the portion of the actual VAT tax burden exceeding 6% on aircraft maintenance services.
Section 5 Stock Issuance and Capital Structure
1. Initial public offering of A shares before this stock listing
1. Stock type: RMB ordinary shares
2. Par value per share: 1.00 yuan
3. Number of shares issued: 1,000,000 shares
Total share capital after issuance: 4,374.178 million shares
The number of issued shares accounts for 22.86% of the total share capital after issuance: 22.86%
4. Issuance price: 2.70 yuan
5. Issuance price-to-earnings ratio: 18.00 times
6. Issuance method: All allocations are made to secondary market investors at a fixed price
7. Issuance targets: Those holding shares in the Shanghai or Shenzhen stock markets at the close of trading on July 7, 2003, the day the summary of the prospectus was published. Investors with listed and tradable RMB ordinary shares (A shares) with a market value of RMB 10,000 and above
8. Net raised funds: RMB 2,640,767,180.21
9. Issuance expenses: 59,232,819.79 RMB 43,200,000, including underwriting fees of RMB 43,200,000, CPA fees of RMB 5,650,000, lawyer fees of RMB 1,000,000, audit fees of RMB 30,000, and online issuance fees of RMB 9,352,819.79
10. Issuance fee per share: RMB 0.059
2. Underwriting situation of the initial public offering of A-shares before this stock listing
The total number of allotments for the 1,000,000,000 RMB ordinary shares in this public offering is 95,080,914, and the winning rate is 1.05173579% . Among them, 989,716,309 shares were subscribed by secondary market investors, and a total of 10,283,691 A-shares that the remaining successful investors gave up their subscription were underwritten by China Galaxy Securities Co., Ltd., the lead underwriter.
3. Capital verification report on the funds raised from the initial public offering of A shares before this stock listing
Capital verification report
KPMG-AH (2003) CR No.0017
All shareholders of China Southern Airlines Co., Ltd.:
We accepted the entrustment and reviewed the financial statements of China Southern Airlines Co., Ltd. (hereinafter referred to as "your company") in July 2003. The monthly public issuance of 1,000,000,000 RMB ordinary shares ("A shares") increased the amount of registered capital received. It is the responsibility of all shareholders and your company to make capital contributions in accordance with relevant national laws and regulations and the requirements of agreements and articles of association, provide true, legal and complete capital verification information, and protect the safety and integrity of assets. Our responsibility is to issue an assurance opinion on the actual receipt of your company’s newly added registered capital. Our verification was conducted in accordance with the "Independent Auditing Practice Announcement No. 1 - Capital Verification". During the verification process, we implemented necessary verification procedures such as inspections based on your company's actual situation.
The company's extraordinary shareholders' meeting and class shareholders' meeting held on May 21, 2002 passed the resolution on the issuance and listing of RMB ordinary shares, and obtained the approval in 2003. The China Securities Regulatory Commission (2003) No. 70 approved the issuance of 1,000,000 RMB ordinary shares by your company. The original registered capital of your company is RMB 3,374,178,000. According to the revised articles of association, your company plans to apply for an increase in registered capital by RMB 1,000,000,000. The registered capital after the change is RMB 4,374,178,000
After verification, as of 2000 As of July 16, 2019, your company has received proceeds from the issuance of 1,000,000,000 A shares, of which the share capital is RMB 1,000,000,000.
At the same time, we have noticed that the registered capital of your company before this capital increase was RMB 3,374,178,000, which has been verified by KPMG Huazhen Accounting Firm, and on December 31, 1994 and A capital verification report was issued on September 10, 1997. As of July 16, 2003, the cumulative registered capital after the change was RMB 4,374,178,000.
This capital verification report is for your company’s application for industrial and commercial change registration and A-share listing. It should not be regarded as a guarantee for your company’s capital preservation, solvency and continued operating ability in the future after the capital verification report. . The consequences caused by improper use of this capital verification report have nothing to do with the certified public accountants and accounting firms that perform this capital verification business.
Attachment 1: Description of capital verification matters
Attachment 2: Detailed list of registered capital before and after this A-share issuance
Attachment 3: Copy of the business license of the accounting firm File
KPMG Huazhen Certified Public Accountants in China
Luo Zheng and Zhao Qi, No. 1 Jianguomenwai Street, Beijing, China
China World Trade Center, China International Trade Center Floor 16, Tower 2 July 17, 2003
4. Accounting status of A-share funds
1. Accounting time: July 16, 2003
2. Deposited amount: 2,647,447,180.21 yuan (the balance of the raised funds after deducting issuance fees and underwriting fees)
3. Deposited account number: 800108226608093001
4 , Account opening bank: Bank of China, Guangdong Branch
5. Equity structure and shareholder shareholdings before the listing
1. The equity structure of the company before the listing
p>
Before issuance After issuance
Proportion of share class shares (%) Proportion of shares (%)
1. Uncirculated shares
Country 2,200,000,000 shares 65.2% 2,200,000,000 shares 50.30%
2. Circulated shares
1. Overseas listed foreign shares (H shares) 1,174,178,000 shares 34.8% 1,174,178,000 shares 26.84%
2. Domestic listed common shares (A shares) —— 1,000,000,000 shares 22.86%
Total share capital 3,374,178,000 shares 100% 4,374,178,000 shares 100%
2. This listing The number and proportion of shares held by the top ten shareholders of the company
As of July 15, 2003, the shareholdings of the top ten shareholders of the company are as follows:
Serial number shareholder name shareholding Number (shares) Shareholding ratio
1 China Southern Airlines Group Corporation 2,200,000,000 50.295%
2 HKSCC NOMINEES LIMITED 1,148,403,998 26.254%
3 China Galaxy Securities Co., Ltd. Company 10,783,691 0.247%
4 ARSENTON NOMINEES LIMITED 4,000,000 0.091%
5 Southern Securities 2,495,000 0.057%
6 Xinghe Fund 2,156,000 0.049%
< p> 7 Anshun Fund 1,968,000 0.045%8 Tongsheng Fund 1,759,000 0.040%
<p> 9 Huaan Innovation 1,722,000 0.039%
10 Fenghe Value 1,671,000 0.038%
Total 3,374,958,689 77.156%
Section 6 Directors, Supervisors and Senior Management Situation
1. Members of the Board of Directors
Mr. Yan Zhiqing, Chairman of the Company, male, born in 1942, graduated from aviation management and flight control school, university degree, engineer. Mr. Yan has worked in China’s civil aviation industry for 40 years. From 1970 to 1981, he served as the Director of the Navigation Division of the Hunan Provincial Bureau of Civil Aviation; from 1985 to 1992, he served as the Director of the Guangxi Bureau of Civil Aviation; from 1992 to 1994, he served as the Central and Southern Administration of Civil Aviation Director of the Bureau; from 1994 to 1996, he served as Director of the Political Department of the Civil Aviation Administration of China; from 1996 to 1998, he served as Secretary of the Party Committee and Executive Deputy General Manager of China Southern Airlines Group; from 1998 to October 2002, he served as President of China Southern Airlines Group; from October 2002 to present Group General Manager and Deputy Secretary of the Party Leadership Group.
Mr. Liu Mingqi, Vice Chairman of the Company, male, born in 1944, graduated from the World Economics Department of Fudan University with a postgraduate degree. Mr. Liu served as the Party Secretary and Mayor of Sanya, Hainan Province from 1988 to 1993, the Vice Governor of Hainan Province from 1993 to 1996, the Deputy Director of the Hong Kong and Macao Affairs Office of the State Council from 1996 to 2001, and the Deputy Director of the Hong Kong and Macao Affairs Office of the State Council from 2001 to 2002. He served as deputy director of the Liaison Office of the Central Government in Macau in September. From October 2002 to present, he served as secretary of the Party Leadership Group and deputy general manager of China Southern Airlines Group.
Mr. Wang Changshun, Vice Chairman and General Manager of the Company, male, born in 1957, graduated from the Graduate School of the Chinese Academy of Social Sciences with a postgraduate degree in business management and is a senior political engineer. Mr. Wang has been involved in civil aviation since 1976 and is engaged in air traffic control. He has successively served as Director of the Navigation Dispatch Office of the Civil Aviation Urumqi Administration Bureau, Director of the Navigation Meteorological Safety Supervision Division, Deputy General Manager of Xinjiang Airlines and Deputy Director of the Civil Aviation Urumqi Administration Bureau, and Secretary of the Party Committee of Xinjiang Airlines. He has served as the general manager of the company since 2000 and has concurrently served as the deputy general manager of China Southern Airlines Group since October 2002. Mr. Wang currently also serves as the Chairman of Guizhou Airlines Co., Ltd.
Mr. Peng Anfa, director of the company, male, born in 1948, university degree, senior political engineer. Mr. Peng served as the Navigation Director of the Sixth Civil Aviation Group from 1978 to 1980. From 1994 to 1998, he served as the Party Secretary of the Flight Department of the Company. From 1998 to 2000, he served as the General Manager and Deputy Party Secretary of China Southern Airlines (Group) Shenzhen Branch. In 2001 From 2002 to October 2002, he served as Vice President of China Southern Airlines Group. From October 2002 to present, he served as Deputy General Manager of China Southern Airlines Group. Mr. Peng currently also serves as the Vice Chairman of Shenzhen Aviation Catering Co., Ltd.
Mr. Wang Quanhua, Director of the Company, male, born in 1954, university degree, economist. Mr. Wang served as the Director of the Planning and Operations Department of China Southern Airlines Group from 1992 to 1998. From 1998 to 2001, he served as the General Manager of the Planning and Development Department of the Company. From 2001 to 2002, he served as Assistant to the President and Director of the Planning Department of China Southern Airlines Group. In March 2002, From October to October, he served as Vice President of China Southern Airlines Group, and from October 2002 to present, he served as Deputy General Manager of China Southern Airlines Group.
Mr. Zhao Liuan, director of the company, male, born in 1948, college degree, first-class pilot. Mr. Zhao served successively as the Director of the Navigation Meteorological Safety Supervision Division, the Director of the Science and Education Division, and the Director of the Flying Standard Division of the Urumqi Civil Aviation Administration of China from 1985 to 1992. From 1992 to 1995, he served as the Captain of the Ninth Civil Aviation Flight Group, and from 1995 to In 2001, he served as the director of the Urumqi Civil Aviation Administration and the deputy general manager and general manager of Xinjiang Airlines. From 2001 to the present, he served as the general manager of Xinjiang Airlines. From October 2002 to the present, he served as the deputy general manager of China Southern Airlines Group.
Mr. Zhou Yongqian, director of the company, male, born in 1945, graduated from Nanjing Air Force Meteorological Institute, holds a university degree and is a senior political engineer.
Mr. Zhou served as the Director of the Organization Department of the Northeast Civil Aviation Administration of China from 1990 to 1994. From 1994 to 1995, he served as the Deputy Secretary of the Party Committee of Shenyang Taoxian International Airport. From 1995 to 2001, he served as the Deputy Secretary of the Party Committee of the Northeast Civil Aviation Administration. From 2001 to In October 2002, he was appointed as Secretary of the Party Committee of China Northern Airlines. From October 2002 to present, he was appointed as Deputy General Manager of China Southern Airlines Group. Mr. Zhou currently also serves as the general manager of China Northern Airlines.
Mr. Zhou Yongjin, director of the company, male, born in 1943, university degree. Mr. Zhou served as the Director of the Propaganda Department of China Southern Airlines Group from 1994 to 1995; from 1996 to 1998, as Secretary of the Party Committee of the Transportation Department of China Southern Airlines; from 1998 to 2000, as Secretary of the Party Committee of China Southern Airlines (Group) Shenzhen Company; from 2000 to present, he serves as Chairman of the Labor Union of the Company . Mr. Zhou currently also serves as the chairman of Guangzhou China Southern Engineering Supervision Co., Ltd. and China Southern (Group) Economic Development Company.
Mr. Xu Jiebo, director and financial director of the company, male, born in 1965, graduated from the Management Engineering Department of Tianjin University and is a senior accountant. Mr. Xu once worked in the Finance Department of the Guangzhou Civil Aviation Administration of China as the Chief of the Infrastructure Finance Section. From 1992 to 1998, he served as deputy director and director of the Finance Department of the Central and Southern Civil Aviation Administration of China. From 1998 to 2000, he served as the general manager of the finance department of the company. From 2001 to the present, he served as the director and chief financial officer of the company. Mr. Xu currently holds concurrent positions at China Southern Airlines (Group) Shantou Airlines Co., Ltd., Guangxi Airlines Co., Ltd., China Southern Airlines Group Finance Co., Ltd., Guangzhou Aircraft Maintenance Engineering Co., Ltd., Zhuhai Free Trade Zone Motianyu Aviation Engine Maintenance Co., Ltd., Guangdong Southern International Air Travel Company, Nanjing Southern Airlines Co., Ltd. Director of Dragon Travel (Hong Kong) Co., Ltd. and Vice Chairman of Sichuan Airlines Co., Ltd.
Mr. Wu Rongnan, Director of the Company, male, born in 1941, university degree, navigation control engineer. Mr. Wu once served as the Director of the Navigation Department of Guangzhou Civil Aviation Administration. From 1986 to present, he serves as the director and general manager of Xiamen Airlines Co., Ltd.
Mr. Du Zhiqiang, independent non-executive director of the Company, male, Hong Kong resident, born in 1951, holds an MBA from Stanford University in the United States. Mr. Du is currently the Managing Director of Hutchison Whampoa (China) Co., Ltd., Vice Chairman of Guangzhou Aircraft Maintenance Engineering Co., Ltd., and serves as a director of a number of foreign-funded companies in Hong Kong and Mainland China. Mr. Du began to manage investment projects in the Mainland as early as the early 1980s and is familiar with the laws and regulations of Hong Kong and the Mainland.
Mr. Le Gongnan, independent non-executive director of the Company, male, Hong Kong resident, born in 1936, is a veteran in the civil aviation industry. Mr. Lok joined the Civil Aviation Department of Hong Kong in 1956, served as the Assistant Director of the Civil Aviation Department in 1982, and became the Deputy Director of the Civil Aviation Department in 1988