[China Southern Airlines Company Limited Terms of Reference of Audit Committee Chapter 1 General Provisions Article 1 Article 2 The Audit Committee is a specialized working organization established by the Board which shall be mainly responsible for, among other things, reviewing the Company’s financial information and its disclosure, making recommendations on appointment and removal of the Company’s external firms, coordinating] []

[DISCLOSEABLE TRANSACTION IN RELATION TO ACQUISITION OF AIRCRAFT The Board hereby announces that on 23 December 2015 (after trading hours), the Company entered into the Airbus Aircraft Acquisition Agreement with Airbus S.A.S to purchase the Airbus Aircraft from Airbus S.A.S. As the relevant applicable percentage ratios for the Acquisition with regards to the consideration test under Rule 14.07 of the] []

[MAJOR TRANSACTION IN RELATION TO ACQUISITION OF AIRCRAFT MAJOR TRANSACTION The Board hereby announces that on 17 December 2015 (after trading hours), (i) the Company entered into (a) the Boeing Aircraft Acquisition Agreement with Boeing to purchase the Boeing Aircraft from Boeing; and (b) the Boeing Aircraft Disposal Agreements with Boeing to sell 13 B757 aircraft and 3 B733 aircraft] []