Capital Structure

Basic Information

In 2008, the Company implemented Capital Reserve Capitalizing Plan. According to the Plan, the Company issued additional 2,187,089,000 shares in total, 5 for every 10 shares, to all members of the Company with the base of total shares 4,374,178,000 on December 31, 2007. The number of total shares after the increase was 6,561,267,000.

In August 2009, the Company completed issue of 721,150,000 A-shares to China Southern Airlines without through public offering and additional issue of 721,150,000 overseas listed foreign-funded shares (H-shares) tailed for Nan Lung Holding Limited. Total capital after the issue was 8,003,567,000 shares.

In November 2010, the Company completed issue of 1,501,500,000 A-shares to 9 certain investors and additional issue of 312,500,000 overseas listed foreign-funded shares (H-shares) tailed to Nan Lung Holding Limited. Total capital after the issue was 9,817,567,000 shares.

In August 2017, the Company completed issue of 270,606,272 overseas listed foreign-funded shares (H-shares) to American Airlines Group without through public offering. Total capital after the issue was 10,088,173,272 shares.

In September 2018, the Company completed issue of 1,578,073,089 A-shares to 7 certain investors and additional issue of 600,925,925 overseas listed foreign-funded shares (H-shares) tailed to Nan Lung Holding Limited. Total capital after the issue was 12,267,172,286 shares.

In April 2020, the Company completed issue of 608,695,652 H Shares to Nan Lung Holding Limited. Total capital after the issue was 12,875,867,938 Shares.

In June 2020，the Company completed issue of 2,453,434,457 A shares to China Southern Air Holding Company Limited. Total capital after the issue was 15,329,302,395 shares.

In October 2020, the Company completed issue of 16,000 A-share Convertible Bonds with total value of 16 Billion yuan.

Since April 2021, the Convertible Bonds of China Southern Airlines have been in the conversion period.

In August 2021, the number of cumulative A-shares converted from convertible bonds was 1,619,110,812 shares. Total capital after the conversion was 16,948,413,207 shares.

In December 2021, the number of cumulative A-shares converted from convertible bonds was 1,619,135,633 shares. Total capital after the conversion was 16,948,438,028 shares.

In August 2022, the Company completed issue of 368,852,4059 H Shares to Nan Lung Holding Limited. Total capital after the issue was 17,317,316,435 Shares.

In November 2022, the Company completed issue of 803,571,428 A Shares to China Southern Air Holding Company Limited. Total capital after the issue was 18,120,889,956 Shares.

In December 2022, the number of cumulative A-shares converted from convertible bonds was 1,619,166,428 shares. Total capital after the conversion was 18,120,892,710 shares.

	Number of Shares	Percentage of total issued share capital
A-share	13,476,895,402	74.37%
H-share	4,643,997,308	25.63%
Total	18,120,892,710	100.00%