[CONTINUING CONNECTED TRANSACTIONS INSURANCE BUSINESS PLATFORM COOPERATION FRAMEWORK AGREEMENT As the Finance Company is a connected person of the Company under the Listing Rules, the insurance business platform cooperation arrangements under the Cooperation Framework Agreement constitute continuing connected transactions of the Company under the Listing Rules. As one of the applicable percentage ratios (other than the profits ratio) for the] []

[By order of the Board China Southern Airlines Company Limited Xie Bing Company Secretary Guangzhou, the People’s Republic of China 13 November 2015 As at the date of this notice, the Directors include Si Xian Min, Yuan Xin An and Yang Li Hua as nonexecutive Directors, Tan Wan Geng, Zhang Zi Fang and Li Shao Bin as executive Directors; and] []