Land 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. 00 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx | Transportation | Outside parcel red line “Xxx Xxxx” 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. 00 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx | Transportation | Outside parcel red line “Xxx Xxxx” 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. 00 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx | Transportation | Outside parcel red line “Xxx Xxxx” 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. 00 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx | Transportation | Outside parcel red line “Xxx Xxxx” 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. 00 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx | Transportation | Outside parcel red line “Xxx Xxxx” 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. 00 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx | Transportation | Outside parcel red line “Xxx Xxxx” 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. 00 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx | Transportation | Outside parcel red line “Xxx Xxxx” 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. 00 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx | Transportation | Outside parcel red line “Xxx Xxxx” 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. 00 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx | Transportation | Outside parcel red line “Xxx Xxxx” 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. 00 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx | Transportation | Outside parcel red line “Xxx Xxxx” 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. 00 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx | Transportation | Outside parcel red line “Xxx Xxxx” 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. 00 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx | Transportation | Outside parcel red line “Xxx Xxxx” 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 “Xxx Xxxx” 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. 00 Xxxxxxxxxx Xxxx, Xxxxxxx, Harbin | Education | Outside parcel red line “Xxx Xxxx” 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 00000 | Xxxxxx Xxxxxx, Xxxxxxx District, Harbin | Land for agencies and organizations | Outside parcel red line “Xxx Xxxx” 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 00000 | Xxxxxx Xxxx, Xxxxxxx District, Harbin | Land for agencies and organizations | Outside parcel red line “Xxx Xxxx” 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 00000 | Xxxxxxxxxx Airport, Daoli District | Civil Airport | Outside parcel red line “Xxx Xxxx” 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 00000 | Xxxxxxxxxx Airport, Daoli District | Civil Airport | Outside parcel red line “Xxx Xxxx” 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 00000 | Xxxxxxxxxx Airport, Daoli District | Civil Airport | Outside parcel red line “Xxx Xxxx” 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 00000 | Xxxxxxxxxx Airport, Daoli District | Civil Airport | Outside parcel red line “Xxx Xxxx” 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 | Xx.0000, Xxxxxxxxxx, Xxxxx Xxxxxxxx (Economic and Technological Development Zone), Changchun | Business | Outside parcel red line “Xxx Xxxx” 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 “Xxx Xxxx” 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 | Xx. 00, Xxxxxxx 0, Xxxxxxxxxxxxx | Xxxx for transportation | Outside parcel red line “Xxx Xxxx” 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 | Xx. 00, Xxxxxx Xxxx, Xxxxxxxxxxxxxxxxx, Ganjingzi | Land for business services | Outside parcel red line “Xxx Xxxx” 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 “Xxx Xxxx” 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 “Xxx Xxxx” 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 “Xxx Xxxx” 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 “Xxx Xxxx” 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 “Xxx Xxxx” 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 “Xxx Xxxx” 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 “Xxx Xxxx” and area inside red line “smooth” | 50 | 14518.87 | 64.4436 | 2.0000 | 0.0100 | 5.5 | % | 2.5 | % | 70.0583 |
1 |
32 | DSY006 | Parking apron | China Southern Airlines Company Limited | Donglingguoyong (2004) No 02503 | Xiantao Town, Dongling District, Shenyang | Transportation | Outside parcel red line “Xxx Xxxx” 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 “Xxx Xxxx” 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 “Xxx Xxxx” 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. 00 Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx | Transportation | Outside parcel red line “Xxx Xxxx” 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 00000 | Xxxxxxxxxx Airport, Daoli District | Land for Beiji International Trade | Outside parcel red line “Xxx Xxxx” and area inside red line “smooth” | 50 | 6962 | 34.8282 | 2 | 0.0100 | 5.5 | % | 2.5 | % | 37.8676 | |||||||||||||||||||||||||||||
3 | XXX000 | Xxxxxx Xxxxx Xxxxx Xxxxxxxx | Xxxxxx Xxxxxxx Xxxxxxxx Xxxxx International Trading Company Limited | Baoshuiquguoyong (01) Zi No 4002 | Storage and processing area, Baoshui District, Dalian | Civil Airport | Outside parcel red line “Xxx Xxxx” 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 |