Property Lease Agreement

Property Lease Agreement

Date: 9 January 2014

Party A (Lessor): China Southern Air Holding Company (CSAHC)

Party B (Lessee): China Southern Airlines Company Limited

Given the properties owned by China Southern Air Holding Company and its wholly owned subsidiaries (including but not limited to China Northern Airlines and Xinjiang Airlines) in various cities in China, China Southern Airlines Company Limited agreed to rent some of which as office premises. Upon negotiation by both parties, China Southern Air Holding Company, on behalf of its wholly owned subsidiaries, entered into this contract with China Southern Airlines Company Limited with regards to the relevant tenancy:

Article 1 Location, Size and Rental

Upon negotiation by both parties, the annual rental fee shall be RMB 40,114,700 (i.e. Renminbi forty million one hundred fourteen thousand and seven hundred). See Appendix of this contract for details.

Such price was determined by both parties 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 2 Lease Term

The lease term of the premise in the preceding provision shall be 3 years effective from 1 January 2014.

Article 3 Rental Payment

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 4 Change of Lessor and Lessee

1. Where Party A requires transferring its rights and obligations hereunder to a third party within the contract period, no agreement from Party B shall be required albeit Party A shall inform Party B about such issue. A third party agent, upon delegation from Party A, shall immediately become the new Party A hereof, entitled to the rights and liable for the obligations of the original Party A.

2. Party B shall not transfer its rights of the leased property to any third party without agreement from Party A during the term hereof. The third party which obtained the agreement of Party A regarding the property use rights shall immediately become the new Party B hereof, entitled to the rights and liable for the obligations of the original Party B.

Article 5 Obligations of Party A

1. In the event of failure of Party A to provide the premises leased to Party B on schedule stipulated herein, Party A shall provide Party B a default fine equivalent to 5% of the amount of rental during such delayed period and return the submitted rental payment of such delayed period to Party B.

2. Party B shall be responsible for the maintenance, and Party A shall be responsible for the repair of significant natural damage of the leased property and attached facilities, such as elevator, drainage system, power supply and security facilities. In the event of significant natural damage endangering general order of work without the receiving repairs from Party A, Party B may elect to terminate this tenancy and repair on behalf of A, and, in such case, the invoice of the repairing costs may be distressed for rent.

3. Party A shall compensate for the loss(es) of Party B arising from situation described in the preceding clause.

4. Where Party A requires redemption of the property for its own use during the tenancy period, the party shall terminate this contract providing 3 months prior written notice and a default fine equivalent to 5% of the total amount of rental payments for the remaining term to Party B.

5. Should there be any laws, regulations or administrative orders requiring contribution, 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).

6. The property taxes of the assets set out in the Appendix of this agreement shall be borne by Party A.

Article 6 Obligations of Party B

1. Party B shall pay rental fees pursuant to this contract. In the event of overdue rentals, an overdue fine equivalent to 0.1% of the amount of payable rental shall be paid daily. In case of an overdue exceeding 3 months, Party A may repossess the premise and take actions against all rentals and overdue fines in due.

2. Where Party B requires a termination of tenancy due to extraordinary circumstances such as change of office premier during the tenancy period, the party shall terminate this contract giving 3 months prior notice and default fines (equivalent to 5% of the total rental amount in the remaining term) to Party A. Should Party B sublease the premier, the party shall report to Party A for record.

3. Party B accepts the commission by Party A, according to the relevant provisions of the local tax authorities to declare and pay property taxes. The tax payment is borne by Party A, and the property taxes are settled on quarterly basis. Party A shall refund to Party B within 15 working days upon receipt of the duty-paid original certificate provided by Party B.

4. Party B shall not alter the building structure and use of the premise without obtaining prior agreement from Party A during the tenancy period. In case of any damages to the premise and attached facilities due to deliberate or negligent reasons of Party B, the party shall be responsible for recovering or providing compensation. Renovation should start only after obtaining agreement from Party A. Fixture added during renovation of Party B could be traded to Party A in returning the premise upon contractual expiration, or removed subject to set-up recovery.

5. Upon expiration or termination of this contract, Party B shall return the premise within 1 month thereafter and settle rental payments according to actual days of use. Any belongings left in the premise thereafter shall be deemed as abandoned by Party B and shall be handled by Party A.

6. Where Party B remains in the premise after the returning period upon expiration or termination of this contract, the party shall compensate for the loss(es) of Party A arising therefrom. Where necessary, Party A may file legal processing or apply for enforcement in the local people’s court.

7. All utility fees and environmental and garbage collection fees during the tenancy period shall be borne by Party B.

Article 7 Extension of Term

This contract shall not be automatically renewed. Both parties are liable to notify the other party in written form regarding the extension of such tenancy 3 months prior to expiration. Should both parties agree to continue such contract, a new contract shall be entered.

Article 8 Exemption of Liabilities

In case of damages on the premise caused by force majeure during the term hereof, this contract shall be terminated automatically. None of the parties shall be liable thereof.

Article 9 Resolution of Disputes

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.

Article 10 Others

For issues not stipulated in this contract, both parties may sign a supplement agreement which constitutes as part of this contract.

This agreement shall be made out in quadruplicate with each party holding two copies of each.

Party A: China Southern Air Holding Company Party B: 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:		6,042.5664		315.6534
Total property rent:		3,327.7024		338.7242
Total building rent:		156.4078		0.3465
Total pipelines and trenches rent:		188.2898		0
Total rent sub-total		9,714.9664		654.7241
Total rent(gross) :		10,369.6905

Breakdown of Real estate lease rental project of China Southern Group : Shares leased assets Exhibit 3

No		Asset No.		Name of building		Property Status		Usage		Detail Address		Structure		No. of floors		Rental area (m2)				Date of Completion		Property annual net income (RMB0’000 / year)				Property Insurance (RMB0’000/ year)				Property tax rate				Business Tax				Management fee rate				Reference annual rent (RMB0’000/year)				Notes
1		FCZ003		Settlement Center office building		Xxx		Xxxxxx		Xx 00, Xxxxxxx Xxxxx Xxxxxx		Framework		8			3526.15			1995/7/1			93.4527				2.4225				12	%			5.5	%			2.5	%			119.844
Guangzhou sub-total																	3526.15						93.4527																				119.8440
2		Shenyang Xxxxxx 0		Xx Xxxx Xxxxxx		Xxx		Xxxxxx		Xxxxxxx, Xxxxxx		Brick and Concrete					160			1992/12/1			6.6103				0.0132				12	%			5.5	%			2.5	%			8.2794
3		Shenyang Office 4		Vladivostok house		Nil		Residential		Xx 00, Xxxxxxxxxxx Xxxxxx		Brick and Concrete					124.8			1997/8/1			6.8214				0.0136				12	%			5.5	%			2.5	%			8.5438
4		Shenyang Office 5		Vladivostok house		Nil		Residential		Xx 00, Xxxxxxxxxxx Xxxxxx		Brick and Concrete					123.8			1997/8/1			6.7668				0.0135				12	%			5.5	%			2.5	%			8.4754
Former Northern Airlines overseas offices sub-total																	408.60						20.1985																				25.2986

7		FSY001		New office building of the Company		Dadong018758		Office		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		6			6558			1996/12/1			158.8374				4.0725				12	%			5.5	%			2.5	%			203.6374
8		FSY002		Authorities Building		Dadong 005522		Office		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		1			4794			1996/12/1			37.5801				0.9492				12	%			5.5	%			2.5	%			48.1616
9		FSY003		Printing		Dadong 002729		Office		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		3			1443			1979/6/1			12.0807				0.4387				12	%			5.5	%			2.5	%			15.6493
10		FSY004		Technical school office building		Dadong 002524		Office		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		3			2250			1984/12/1			19.8104				0.6165				12	%			5.5	%			2.5	%			25.5336
11		FSY005		Motorcade and garage		Xxx		Xxxxxx		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		2			750			1992/12/1			5.6415				0.1541				12	%			5.5	%			2.5	%			7.2445
12		FSY006		Maintenance office building and garage		Nil		Office		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		2			900			1996/10/1			7.5352				0.1928				12	%			5.5	%			2.5	%			9.66

00		XXX000		Xxxxxxxxx 0xx xxxxx		Xxxxxx 002747		Production		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		2			2008			1979/12/1			12.7427				0.3972				12	%			5.5	%			2.5	%			16.4249
14		FSY009		Warehouse		Dadong 016947		Xxxxxxxxx		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		1			307			1982/11/1			1.9142				0.0587				12	%			5.5	%			2.5	%			2.4661
15		FSY010		Ten motorocade office building		Dadong 018313		Office		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		5			5191.6			1994/12/1			58.6841				1.5076				12	%			5.5	%			2.5	%			75.2396
16		FSY011-12		Technical school math building and canteen		Nil		Education		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		5			4284			1996/10/1			55.3388				1.3546				12	%			5.5	%			2.5	%			70.8668
17		FSY013		Finance Department office building		Nil		Office		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		4			2258			1997/11/1			24.8156				0.5979				12	%			5.5	%			2.5	%			31.7669
18		FSY014		Motorcade Modulation Room		Nil		Moderation		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		1			80			2003/3/1			0.7148				0.155				12	%			5.5	%			2.5	%			0.9129

19		FSY015		Motorcade office building		Nil		Office		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		2			1033			2003/12/1			8.0185				0.1576				12	%			5.5	%			2.5	%			10.2326
20		FSY016		#58 Office		Nil		Garage		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		1			720.96			1996/12/1			5.1441				0.1164				12	%			5.5	%			2.5	%			6.5756
21		FSY017-19		#4-6 hostel		Nil		Xxxxxx		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		3			2434			1969/12/1			14.3373				0.5613				12	%			5.5	%			2.5	%			18.6233
22		FSY023		Operation Office and computing center		Shenyangdongling 001285		Office		Shenyang Xiantao Airport		Brick and Concrete		4			3889			1993/6/1			31.1427				0.8066				12	%			5.5	%			2.5	%			39.9366
23		FSY024		Tourist service center and hostel		Shenyangdongling 001374		Prodiuction		Shenyang Xiantao Airport		Brick and Concrete		5			6031			1994/12/1			82.0142				2.0409				12	%			5.5	%			2.5	%			105.0689
24		FSY025		Flight supplies building		Shenyangdongling 001283		Production		Shenyang Xiantao Airport		Brick and Concrete		4			1549.75			1994/12/1			27.0948				0.6668				125				5.5	%			2.5	%			23.7123
25		FSY030		Operating garage C		Nil		Garage		Shenyang Xiantao Airport		Brick and Concrete		1			384			2003/3/1			2.1125				0.0431				12	%			5.5	%			2.5	%			2.6945

26		FSY031		Freight weighting room		Nil		Weighting Room		Shenyang Xiantao Airport		Brick and Concrete		1			280			2003/3/1			1.9209				0.0386				12	%			5.5	%			2.5	%			2.4494
27		FSY034		Operating garage and Guard room		Nil		Storeroom		Shenyang Xiantao Airport		Brick and Concrete		1			120			2003/3/1			0.8058				0.0166				12	%			5.5	%			2.5	%			1.028
28		FSY036		Common Garage		Nil		Heating		Shenyang Xiantao Airport		Brick and Concrete		1			1915			1989/12/1			9.4455				0.2287				12	%			5.5	%			2.5	%			12.0928
29		FSY038		Wulihe Boiler Room		Heping 013190		Substation		Xx. 000 , Xxxxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Framework		1			4714			1997/11/1			124.2853				3.4723				12	%			5.5	%			2.5	%			159.697
30		FSY039		Wulihe No. 2 substation		Heping 013186		Storage		Xx. 000 , Xxxxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Framework		6			1982.38			1999/5/1			28.0171				0.7275				12	%			5.5	%			2.5	%			35.9308
31		FSY040		Xxxxxx Xxxxx X xxxxxxxx		Xxxxxxxxxx Xx. 00000		Garage		No. 390 , Qingniandajie, Heping District, Shenyang-1		Framework		-2			1586.4			2002/12/1			11.3008				0.2408				12	%			5.5	%			2.5	%			14.427
32		FSY041		Wulihe Hosue A Garage		Nil		Garage		No. 390 , Qingniandajie, Heping District, Shenyang-1		Framework		-1			1586.4			1997/11/1			10.9379				0.2408				12	%			5.5	%			2.5	%			13.9734

33		FSY042		Wulihe House B basement		Shenfangzi 01120		Storage		Xx. 000 , Xxxxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx-0		Framework		-2			647			2002/12/1			4.6089				0.0982				12	%			5.5	%			2.5	%			5.8839
34		FSY043		Wulihe House B Garage		Nil		Garage		No. 390 , Qingniandajie, Heping District, Shenyang-2		Framework		-1			647			1997/11/1			4.4609				0.0982				12	%			5.5	%			2.5	%			5.6989
35		FSY044		Wulihe House C Garage		Nil		Garage		No. 390 , Qingniandajie, Heping District, Shenyang-3		Framework		-1			639.62			2002/10/1			4.5564				0.0971				12	%			5.5	%			2.5	%			5.8169
36		FSY045		Wulihe House C basement		Nil		Storage		No. 390 , Qingniandajie, Heping District, Shenyang-3		Framework		-1			717.26			2002/10/1			5.1094				0.1089				12	%			5.5	%			2.5	%			6.5229

37		FSY051		Wulihe Hosue K Garage		Nil		Garage		No. 390 , Qingniandajie, Heping District, Shenyang-9		Framework		-1			60.08			2002/10/1			0.428				0.0091				12	%			5.5	%			2.5	%			0.5464
38		FSY052		Wulihe House K basement		Nil		Storage		No. 390 , Qingniandajie, Heping District, Shenyang-9		Framework		-1			345.85			2002/10/1			2.4637				0.0525				12	%			5.5	%			2.5	%			3.1453
39		FSY053		Pumping Station		Nil		Water Supply		Xx.0, Xxxxx Xxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		1			124			2003/3/1			0.8984				0.0195				12	%			5.5	%			2.5	%			1.1474
40		FSY054		Gas compressor stations		Xxx				Xx.0, Xxxxx Xxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		1			23			1983/12/1			0.2391				0.0072				12	%			5.5	%			2.5	%			0.3079
41		FSY065		Clerk Hostel		Nil		Xxxxxx		Xx. 0 Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		5			3800			1994/12/1			44.4311				1.0936				12	%			5.5	%			2.5	%			56.9059
42		FSY029		A300 Apron		Nil		Guard		Shenyang Xiantao Airport		Framed Bent		1			6643.59			2000/12/1			281.6417				6.7432				12	%			5.5	%			2.5	%			360.4811

43		FSY032		Airport material guard room		Nil		Hostel		Shenyang Xiantao Airport		Brick and Concrete		1			30			2003/3/1			0.2908				0.0063				12	%			5.5	%			2.5	%			0.3714
Shenyang sub-total																	72726.89						1101.4013																				1400.8338
44		FCY003		Plumbing workplace		Yes		Living		Xx. 00, Xxxxxxx 0, Xxxxxxxxxxxxx		Brick and Concrete		1			54			1986/9/1			0.3197				0.0103				12	%			5.5	%			2.5	%			0.4125
45		FCY003		Boiler Room		Yes		Living		Xx. 00, Xxxxxxx 0, Xxxxxxxxxxxxx		Brick and Concrete		1			126			1980/12/1			0.9409				0.0361				12	%			5.5	%			2.5	%			1.2213
46		FCY002		Cadres Room		Yes		Living		Xx. 00, Xxxxxxx 0, Xxxxxxxxxxxxx		Brick and Concrete		2			500			1999/2/1			7.4699				0.1877				12	%			5.5	%			2.5	%			9.572
47		–		Special Garage		Fangzi No. 06639		Garage		No. 58, Section 4, Chaoyangdajie		Mixed		1			244.8			1999/2/1			2.1392				0.0536				12	%			5.5	%			2.5	%			2.741			After on-site cheking
Chaoyang sub-total																	924.80						10.8897																				13.9468
48		FDL001		Terminal Property		Nil		Office		Beihangdonglu, ganjingziqu, Dalian		Framework		3			785.34			1994/7/1			15.0798				0.3988				12	%			5.5	%			2.5	%			19.3483
49		FDL002		Airport Service Building		Nil		Office		Beihangdonglu, ganjingziqu, Dalian		Framework		5			4586.58			1998/11/1			86.1438				2.0933				12	%			5.5	%			2.5	%			110.2964

50		FDL003		Operating building		Nil		Office		Beihangdonglu, ganjingziqu, Dalian				5			2552			1998/11/1			47.4052				1.1647				12	%			5.5	%			2.5	%			60.7124
51		FDL004		Cargo Warehouse		Nil		Storage		Beihangdonglu, ganjingziqu, Dalian		Brick and Concrete		1			4423			1998/11/1			49.6716				1.1385				12	%			5.5	%			2.5	%			63.5126
52		FDL005		Substation		Nil		Power Supply		Beihangdonglu, ganjingziqu, Dalian		Brick and Concrete		2			416			1997/11/1			3.722				0.0881				12	%			5.5	%			2.5	%			4.7626
53		FDL006		New District Garage		Nil		Office		Beihangdonglu, ganjingziqu, Dalian		Brick and Concrete		3			5868			1999/8/1			52.0382				1.1783				12	%			5.5	%			2.5	%			66.5206
54		FDL008		Crew attendance building		Nil		Office		Beihangdonglu, ganjingziqu, Dalian		Brick and Concrete		6			6890			2000/12/1			134.5501				3.1239				12	%			5.5	%			2.5	%			172.0925
55		FDL009		Airport material room		Nil		Office		Beihangdonglu, ganjingziqu, Dalian		Brick and Concrete		4			3140			2001/12/1			43.0308				0.9671				12	%			5.5	%			2.5	%			54.9974
56		FDL011		Airport Service workshops		Nil		Office		Beihangdonglu, ganjingziqu, Dalian		Brick and Concrete		2			2200			2002/7/1			19.8025				0.4105				12	%			5.5	%			2.5	%			25.2663
57		FDL015		Rain sewage pumping station		Nil		Sewage		Beihangdonglu, ganjingziqu, Dalian		Brick and Concrete		1			387			1998/11/1			2.9415				0.0665				12	%			5.5	%			2.5	%			3.76
58		FDL022		Boiler Room		Nil		Heating		Beihangdonglu, ganjingziqu, Dalian		Brick and Concrete		2			1013			1998/11/1			8.3428				0.1967				12	%			5.5	%			2.5	%			10.6744

59		FDL023		Duty Room		Nil		Office		Beihangdonglu, ganjingziqu, Dalian		Brick and Concrete		1			650			2000/5/1			4.3725				0.1017				12	%			5.5	%			2.5	%			5.5928
Dalian Sub-total																	32910.92						467.1008																				597.5363
60		FCC028		Crew Canteen		Nil		Canteen		Erdao Airport		Brick and Concrete		1			503.69			1999/12/1			4.7481				0.1227				12	%			5.5	%			2.5	%			6.0885
61		FCC028		Crew Canteen		Nil		Canteen		Erdao Airport		Brick and Concrete		1			684.31			1999/12/1			6.4507				0.1667				12	%			5.5	%			2.5	%			8.2718
62		FCC018		Team 12 Gurad Room		Nil		Electrical room		Erdao Airport		Brick and Concrete		1			20			1980/1/1			0.122				0.0036				12	%			5.5	%			2.5	%			0.157
63		FCC019		Team 12 Mailroom		Nil		Security		Erdao Airport		Brick and Concrete		1			31			1980/1/1			0.189				0.0056				12	%			5.5	%			2.5	%			0.2433
64		FCC020		Team 00 Xxxxxxx Xxxxxxx		Xxx		Xxxxx Supply		Erdao Airport		Brick and Concrete		1			20			1985/1/1			0.2395				0.0067				12	%			5.5	%			2.5	%			0.3078
65		FCC021		Team 00 Xxxxxxx Xxxxxxx		Xxx		Xxxxx Supply		Erdao Airport		Brick and Concrete		1			20			1986/1/1			0.2382				0.0066				12	%			5.5	%			2.5	%			0.306
00		XXX000		Xxxxxxxx Xxxxxxxx		Xxx		Xxxxxx		Xxxxx Airport		Brick and Concrete		3			2980			1964/1/1			43.0158				0.5877				12	%			5.5	%			2.5	%			54.5044

67		FCC013		Telephone Xxxxxxx		Xxx		Xxxxxx		0 Xxxxxx, Xxxxxxxxxxxxx, Xxxxx Xxxxxxxx, Xxxxxxxxx		Brick and Concrete		2			450			1983/1/1			3.1022				0.1183				12	%			5.5	%			2.5	%			4.0256
68		FCC012		Team 12 Garage		Nil		Garage		Erdao Airport		Brick and Concrete		1			2215			1989/1/1			9.8925				0.2964				12	%			5.5	%			2.5	%			12.7361
69		FCC010		Jilin Operation Department		Jinlin Propoety Rights No. QZ10001570, QZ10001664		Xxx Xxxxxx		Xx. 0,0 Xxxxxxxxxx X, Xxxxxxxxx Xxxx, , Xxxxx		Brick and Concrete		3			653			2004/12/27			7.658				0.1841				12	%			5.5	%			2.5	%			9.8026
70		FCC008		Gas Station		Nil		Gas Station		—		Mixed		1			159			–			2.1635				0.0717				12	%			5.5	%			2.5	%			2.794
Changchun Sub-total —																	7736.00						77.8195																				99.2371
71		FHB001		Security Department Office		Hafang No. 00060345		Office		Harbin Taiping International Airport		Brick and Concrete		2			725.66			1997/12/1			5.1397				0.1173				12	%			5.5	%			2.5	%			6.5713
72		FHB004		Garage		Hafang No.00060342		Garage		Harbin Taiping International Airport		Brick and Concrete		1			1512.86			1994/12/1			10.4728				0.2454				12	%			5.5	%			2.5	%			13.3978
73		FHB007		Garage		Hafang No. 00060341		Garage		Harbin Taiping International Airport		Brick and Concrete		1			740.38			1996/12/1			5.1877				0.1201				12	%			5.5	%			2.5	%			6.6348

74		FHB005		Substation		Hafang No.00060347		Others		Harbin Taiping International Airport		Brick and Concrete		3			2107.95			1996/12/1			11.654				0.2462				12	%			5.5	%			2.5	%			14.8753
75		FHB006		Office building		Hafang No. 00060335		Office		Harbin Taiping International Airport		Brick and Concrete		3			2168.52			1996/12/1			18.6738				0.438				12	%			5.5	%			2.5	%			23.8898
76		FHB003		Garage		Hafang No. 00060343				Harbin Taiping International Airport		Brick and Concrete		1			582.65			1994/12/1			5.5183				0.1337				12	%			5.5	%			2.5	%			5.0795
77		FHB015		Airport material warehouse		Hafang No. 00061986		Office		Harbin Taiping International Airport		Brick and Concrete		1			952.24			1976/12/1			4.903				0.1569				12	%			5.5	%			2.5	%			6.3249
78		FHB009		Storage		Hafang No. 00060340		Office		Harbin Taiping International Airport		Brick and Concrete		1			179.1			1997/1/1			1.2747				0.0283				12	%			5.5	%			2.5	%			1.6288
79		FHB010		Three station room		Hafang No. 00060339		Production		Harbin Taiping International Airport		Brick and Concrete		1			306.86			1999/12/1			2.4292				0.0521				12	%			5.5	%			2.5	%			3.1016
80		FHB011		Charging room		Hafang No. 00061978		Office		Harbin Taiping International Airport		Brick and Concrete		1			315.41			1992/12/1			2.3069				0.0539				12	%			5.5	%			2.5	%			2.951
81		FHB012		Paint spraying Room		Hafang No. 00061981		Production		Harbin Taiping International Airport		Brick and Concrete		1			425.66			1979/12/1			2.6216				0.0737				12	%			5.5	%			2.5	%			3.3691

82		FHB013		Office building		Hafang No.00060345		Office		Harbin Taiping International Airport		Framework		2			1876.21			1990/12/1			18.9107				0.4664				12	%			5.5	%			2.5	%			24.2214
83		FHB014		Youfong Room		Hafang No. 00061977		Storage		Harbin Taiping International Airport		Brick and Concrete		1			67.27			1979/12/1			0.3821				0.0114				12	%			5.5	%			2.5	%			0.4919
84		FHB008		Airport material warehouse		Hafang No. 00060336		Office		Harbin Taiping International Airport		Brick and Concrete		1			2132.3			1996/12/1			24.2453				0.5774				12	%			5.5	%			2.5	%			31.0284
85		FHB0016		Device Storage		Hafang No. 00061984		Storage		Harbin Taiping International Airport		Brick and Concrete		1			580.44			1976/12/1			2.6372				0.0774				12	%			5.5	%			2.5	%			3.3933
86		FHB017		Airport Service warehouse		Hafang No. 00061989		Office		Harbin Taiping International Airport		Brick and Concrete		3			2065.25			1977/12/1			23.6774				0.6812				12	%			5.5	%			2.5	%			28.098
87		FHB018		Crew building		Hafang No. 00061988		Office		Harbin Taiping International Airport		Brick and Concrete		3			2098			1974/12/1			25.3494				0.6059				12	%			5.5	%			2.5	%			32.4441
88		FHB019		Staff canteen		Nil		Canteen		Harbin Taiping International Airport		Brick and Concrete		1			1195.66			1976/12/1			9.3675				0.2626				12	%			5.5	%			2.5	%			12.0376
89		FHB020		Special room		Hafang No. 00061976		Production		Harbin Taiping International Airport		Brick and Concrete		3			1306.37			1977/12/1			9.728				0.2811				12	%			5.5	%			2.5	%			12.5114
90		FHB021		Command and Control Center		Hafang No. 00061990		Office		Harbin Taiping International Airport		Brick and Concrete		3			1199.5			1994/12/1			11.2099				0.2637				12	%			5.5	%			2.5	%			14.342

91		FHB022		Old hangar		Hafang No. 00060345		Production		Harbin Taiping International Airport		Brick and Concrete		1			2362.04			1977/12/1			49.3187				1.5897				12	%			5.5	%			2.5	%			63.6355
00		XXX000		Xxxxxx		Xxx		Xxxxxx		Xx 00X, Xxxxxxxxxx Xxxx		Framework		1			1224.43			1999/12/1			8.4643				0.1893				12	%			5.5	%			2.5	%			10.817
00		XXX000		Xxxxxx		Xxx		Xxxxxx		Xx. 00X, Xxxxxxxxxx Xxxx		Framework		1			1046.31			1999/12/1			7.1808				0.1586				12	%			5.5	%			2.5	%			9.1743
94		FHB026		Transportation, Flight Team office building		Nil		Office		Xx. 00, Xxxxxxxxxx Xxxx (0xx -0xx Xxxxx)		Framework		3			3942.52			1999/12/1			55.177				1.2474				12	%			5.5	%			2.5	%			70.5305
95		FHB019		Catering Storage Room		Nil				Harbin Taiping International Airport		Brick and Concrete		1			200			1999/12/1			1.5006				0.0321				12	%			5.5	%			2.5	%			1.9159
96		FHB001		Airport Service Office builing		Hafang No. 00061987		Office		Harbin Taiping International Airport		Brick and Concrete		1			1544.57			1999/12/1			11.3079				0.2496				12	%			5.5	%			2.5	%			14.4469
97		FHB003		Gaoshan Garage		Hafang No. 00059343		Office		Xxxx Xxxxx, Xx. 00-0, Xxxxxxx Xxxx, Xxxxxxx District, Harbin		Brick and Concrete		8			809			1998/12/1			7.0456				0.1749				12	%			5.5	%			2.5	%			9.0256
Harbin sub-total																	33667.16						335.6841																				425.9377

98		FXJ004		Student hostel		Nil		Living		Xx 00, Xxxxxxx Xxxx		Brick and Concrete		3			1691.33			1994/12/1			15.5501				0.3917				12	%			5.5	%			2.5	%			19.9273
99		FXJ005		Gym room		Nil		Living		Xx 00, Xxxxxxx Xxxx		Brick and Concrete		1			217.8			1991/12/1			1.6561				0.0518				12	%			5.5	%			2.5	%			2.1349
100		FXJ006		Activity room		Nil		Living		Xx 00, Xxxxxxx Xxxx		Brick and Concrete		1			100			1993/6/1			0.8868				0.0242				12	%			5.5	%			2.5	%			1.1388
101		FXJ001		Duty Room		Nil				No 46, Yingbin Road		Brick and Concrete		1			147.4			1998/8/1			1.4679				0.0358				12	%			5.5	%			2.5	%			1.8796
102		FXJ002		Dangerous goods storage		Xxx		Xxxxxx		Xx 00, Xxxxxxx Xxxx		Brick and Concrete		1			100			1998/8/1			0.6944				0.0178				12	%			5.5	%			2.5	%			0.8903
103		FXJ003		Student Canteen		Nil		Living		No 46, Yingbin Road		Framework		2			653			2001/11/1			8.3649				0.1946				12	%			5.5	%			2.5	%			10.6994
104		FXJ013		Economic Development Housing		Wufang Certificate Economic Development District Zi No.		Residential		Xx. 00, Xxxxx Xxxxxxxx Xx. 0, Xxxxxxxx Xxxx		Brick and Concrete		2			160			2003/7/1			5.207				0.048				12	%			5.5	%			2.5	%			6.5688			Property and land combined into one, land price included in rent.

105		FXJ014		Economic Development Housing		Wufang Certificate Economic Development District Zi No.		Residential		Xx. 00, Xxxxx Xxxxxxxx Xx. 0, Xxxxxxxx Xxxx		Brick and Concrete		2			160			2003/7/1			5.207				0.048				12	%			5.5	%			2.5	%			6.5688			Property and land combined into one, land price included in rent.
106		–		Hongshan Hotel		Nil		Residential box office		Xx. 00, Xxxxxx Xxxxx Xxxx		Framework					166			2005/10/1			23.8432				0.0498				12	%			5.5	%			2.5	%			29.8663			Property and land combined into one, land price included in rent.
Xinjiang Sub-total																	3395.53						62.8774																				79.6742
107		Urumqi overseas office 1		Sale and Purchase Agreement (Siberia)		Nil		Office		Siberia Office		Brick and Concrete		10			206.3			2000/12/31			5.7973				0.0116				12	%			5.5	%			2.5	%			7.2611

108		Urumqi overseas office 2		Bishkek Office		Nil		Office				Brick and Concrete					534.1			2003/11/1			18.7082				0.0374				12	%			5.5	%			2.5	%			23.4320
109		Urumqi overseas office 3		Xxxx-Ata Office		Nil		Office		Xx. 000-000, Xxxxxxxxxxxx Xxxx-Xxx		Office		3			640						18.7881				0.0376				12	%			5.5	%			2.5	%			23.5321
Former Xinhang overseas offices sub-total																	1380.40						43.2936																				54.2252
110		FBJ004		Beijing Crew Overnight office building (Beijing Operation Department)		Nil		Hotel		Beijing Capital Airport		Framework		4			4516.65			1999/7/1			162.6115				4.0207				12	%			5.5	%			2.5	%			208.2903
111		FBJ005		Beijing Southern Hotel 1,3		Nil		Office		Xx.00, Xxxxxxxxxxxxxxxx Xxxx, Xxxxxxx		Framework					1393						55.8854				1.4				12	%			5.5	%			2.5	%			71.6068
112		FBJ003		Beijing Operation Department (Beijing Airport Service building)		Nil		Office		Beijing Capital Airport		Brick and Concrete		3			1098.36			1999/7/1			29.9919				0.777				12	%			5.5	%			2.5	%			38.4611

113		FBJ001		Beijing Operation Department Housing		Zhaojinzi No. 12206		Production		Xx.000 Xxxxxxxxx, Xxxxxxxx Xxxxxxxx		Xxxxx xxx Xxxxxxxx		00			0000.0			1995/12/1			99.4101				0.3561				12	%			5.5	%			2.5	%			124.7078
Beijing Subtotal																	8195.11						347.8989																				443.0660
114		FSH001		Staff hostel				Xxxxxx		Xx. 00, Xxxxxxxxx, Xxxxxxxxxxxx, Xxxxxxxx		Brick and Concrete		5			406			1997/8/1			17.1348				0.1218				12	%			5.5	%			2.5	%			21.5708			Property and land combined into one, land price included in rent.
115		FSH002		Shanghai Operation Xxxxxxxxxx Xxxxxxx		Xxxxxxxxxxxxx Xx. 00000		Production		Xx. 000-00, 000 Xxxx, Xxxxxx Xxxx, Xxxxxxxx		Steel Mixed		26			664.41			1998/8/1			37.0262				0.1993				12	%			5.5	%			2.5	%			46.5319			Property and land combined into one, land price included in rent.
Shanghai Subtotal																	1070.41						54.1610																				68.1027
Shares leased assets total																	165941.97						2614.7575																				3327.7024

Breakdown of Real estate lease rental project of China Southern Group :Airline catering services leased assets Exhibit 4

No		Asset No.		Name of building		Property Status		Usage		Detail Address		Structure		No. of floors		Rental area (m2)				Date of Completion		Property annual net income (RMB0’000 / year)				Property Insurance (RMB0’000 / year)				Property tax rate				Business Tax				Management fee rate				Reference annual rent (RMB0’000 /year)				Notes
1		FXJ011		Catering Garage		Nil		Office		Xx. 00, Xxxxxxx Xxxx		Brick and Concrete		1			417.57			1994/7/1			3.072				0.0742				12	%			5.5	%			2.5	%			3.99
2		FXJ010		Catering Garage (Item 25 )		Nil		Office		Xx. 00, Xxxxxxx Xxxx		Brick and Concrete		3			3300			1999/12/31			59.2104				1.4454				12	%			5.5	%			2.5	%			74.163
3		FXJ007		Catering Xxxx		Xxx		Xxxxxx		Xx. 00, Xxxxxxx Xxxx		Brick and Concrete		1			800			1994/12/1			11.3851				0.3298				12	%			5.5	%			2.5	%			14.3814
4		FXJ008		Catering Room		Property Rights Wushixinquzidi		Office		Xx. 00, Xxxxxxx Xxxx		Brick and Concrete		1			789.28			1986/12/1			4.6324				0.1326				12	%			5.5	%			2.5	%			5.9405
5		FXJ009		Catering Room (Phase 2)		Nil		Office		Xx. 00, Xxxxxxx Xxxx		Brick and Concrete		2			1254			1992/12/1			8.2517				0.2107				12	%			5.5	%			2.5	%			10.4646
6		FXJ012		Gas Xxxx		Xxx		Xxxxxx		Xx. 00, Xxxxxxx Xxxx		Brick and Concrete		1			100			1999/12/1			0.8346				0.0187				12	%			5.5	%			2.5	%			1.1933
Xinjiang Catering sub-total																	6660.85						87.3862																				110.1328
7		FSY008		Three Production Building				Office		Xx. 0, Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		5			1872			1983/12/1			11.4471				0.3836				12	%			5.5	%			2.5	%			24.4357

8		FSY003		Printing				Office		Xx. 0, Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete		3			641			1979/6/1			4.59				0.2006				12	%			5.5	%			2.5	%			5.8875
Shenyang Catering sub-total																	2513.00						16.0371																				30.3232
9		FSY025		Flight Supplies Building		Shenyangdongling 001283		Production		Xiantao Airport, Shenyang		Brick and Concrete		4			718.25			1994/12/1			27.0948				0.6668				12	%			5.5	%			2.5	%			10.9897
Shenyang Catering sub-total																	718.25						27.0948																				10.9897
10		FDL002		Airport Service Building				Office		Northern  Airport Donglu, Ganjingzi District, Dalian		Framework		5			198.42			1998/11/1			2.1491				0.0538				12	%			5.5	%			2.5	%			2.8364

11		FDL003		Operation Building				Office		No. 65, Yingke Road, Ganjingzi District, Dalian		Framework		5			638			1998/11/1			7.3326				0.1855				12	%			5.5	%			2.5	%			9.3158
12		FDL007		Customs Building				Office		Northern  Airport Donglu, Ganjingzi District, Dalian		Framework		1			4400			2004/6/30			44.7068				0.961				12	%			5.5	%			2.5	%			56.0335
13		FDL014		Beiji International Trading Centre				Office		Storage Process District, Baoshui District, Dalian		Brick and Concrete		6			8201.76			2000/4/1			84.3408				2.1029				12	%			5.5	%			2.5	%			105.576

14		FDL010		Honggang Resturant				Hotel		Honggang Road, Ganjingzi District, Dalina		Brick and Concrete		6			694			2002/5/1			7.1837				0.1611				12	%			5.5	%			2.5	%			9.181
Dalian Catering sub-total																	14132.18						145.7130																				182.9427
15		FHB003		Garage		Hafangdi 00060343		Garage		Harbin Taiping International Airport		Brick and Concrete		1			227.75			1994/12/1			5.5183				0.1337				12	%			5.5	%			2.5	%			1.9855
Heilongjiang Catering sub-total																	227.75						5.5183																				1.9855
16		FHB017		Airport ServiceBuilding		Hafangdi 00061989		Office		Harbin Taiping International Airport		Brick and Concrete		3			172.75			1977/12/1			23.6774				0.6812				12	%			5.5	%			2.5	%			2.3503
Heilongjiang 中免 sub-total																	172.75						23.6774																				2.3503
Airline catering services leased assets total																	24424.78						305.4268																				338.7242

Breakdown of Real estate lease rental project of China Southern Group : Shares leased buildings Exhibit 5

No.		Asset no.		Name of building		Detailed Address		Structure		Specificationa		Measurement Units		Quantity		Date of Completion		Property annual net income (RMB0’000/ year)				Property Insurance (RMB0’000/ year)				Management fee rate				Reference annual rent (RMB0’000/year)				Notes
1		GSY003		Five Mile River reservoir `		Xx. 0, Xxxxx  Xxxx, xxxxxx Xxxxxxxx, xxxxxxx		Concrete				m 3		600		1998/12/1			15.3542				5.5	%			2.5	%			16.6893
2		GSY004		#G & #H Residential Building Road		No. 5, Wenan  Road, heping District, henyang		Concrete				m 2		2118		1999/12/1			2.6983				5.5	%			2.5	%			2.9329
3		GSY005		Xx. 0 Xxxxx, Xxxxxx		Xx. 0, Xxxxx  Xxxx, heping District, henyang		Brick and Concrete						1		1999/12/1			1.5014				5.5	%			2.5	%			1.6320
4		GSY006		New Technical School Xxxxx		Xx. 0, Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Brick and Concrete						1		1999/12/1			0.4219				5.5	%			2.5	%			0.4586
5		GSY007		Flight Crew Court		Xx. 0, Xxxxxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx		Concrete				m 2		2500		2002/5/1			3.5181				5.5	%			2.5	%			3.8240

Shenyang Subtotal																															25.5368
0		XXX000		Xxxx (Xxxxxxxxx - Xxxxxxx apron		Northern  Airport Donglu, Ganjingzi District, Dalian		Cement				m 2		960		1998/11/1			0.9867				5.5	%			2.5	%			1.0725
7		GDL002		Site (New Area)		Northern  Airport Donglu, Ganjingzi District, Dalian		Cement				m 2		15400		1998/11/1			20.2293				5.5	%			2.5	%			21.9884
8		GDL003		Freight Dapeng		Northern  Airport Donglu, Ganjingzi District, Dalian		Framed Bent				m 2		2238		1998/11/1			24.5396				5.5	%			2.5	%			26.6735
9		GDL004		Cargo Apron, Vehicle Apron		Northern  Airport Donglu, Ganjingzi District, Dalian		Cement				m 2		14600		1998/11/1			18.4743				5.5	%			2.5	%			20.0808
10		GDL005		Bridge		Northern  Airport Donglu, Ganjingzi District, Dalian		Steel				m 2		352		1998/11/1			10.7993				5.5	%			2.5	%			11.7384

00		XXX000		Xxxx inside the Site		Northern  Airport Donglu, Ganjingzi District, Dalian		Cement				m 2		16000		1998/11/1			21.0175				5.5	%			2.5	%			22.8451
12		GDL007		Apron		Northern  Airport Donglu, Ganjingzi District, Dalian		Cement				m 2		1900		2002/12/1			2.6915				5.5	%			2.5	%			2.9255
13		GDL008		Drain cover		Northern  Airport Donglu, Ganjingzi District, Dalian		Cement				m 2		3240		2002/12/1			19.8375				5.5	%			2.5	%			21.5625
Dalian Subtotal																															128.8867
15		GCC012		Team 00 Xxxxx Xxxxx		Xxxxx Airport		Mixed		Height of 25m				1		1986/1/1			0.8641				5.5	%			2.5	%			0.9392
Changchun Subtotal																															0.9392
16		GXJ001		Damen		General Affairs Department		Electricity						1		1997/10/1			0.9615				5.5	%			2.5	%			1.0451
Xinjiang Subtotal																											1.0451
Shares leased buildings sub-total																															156.4078

Breakdown of Real estate lease rental project of China Southern Group : Airline catering services leased buildings Exhibit 6

No.

Asset no.

Name of building

Detailed Address

Structure

Specificationa

Measurement Units

Quantity

Date of Completion

Property annual net income (RMB0’000/ year)

Operation tax & additional fees

Management fee rate

Reference annual rent (RMB0’000/year)

Notes

1

GXJ002

Flight Supplies Guojidamen

Airport Catering Company

Electricity

b6.h1.8m

1

Dec/00

0.3188

5.5

%

2.5

%

0.3465

Airline catering services leased buildings Total

0.3465

Breakdown of Real estate lease rental project of China Southern Group : Shares leased pipelines and trenches Exhibit 7

No.		Reference No.		Name of pipeline		Detailed address		Length (m)		Deep of trench (m)		Thickness (m)		Material		Method of Insulation		Date of Completion		Annual net income (RMB0'000/year)				Operation tax				Management fee rate				Reference annual rent (RMB0’000/year)				Notes
1		GSY008-010		Wulihe Water Supply		Xx. 0, Xxxxx Xxxx, Xxxxxx Xxxxxxxx		000		1.5		DN150		Galvanized steel pipes				Dec-98			2.0751				5.50	%			2	%			2.2434
2		GSY011-012		Wulihe Drainage		Xx. 0, Xxxxx Xxxx, Xxxxxx Xxxxxxxx		000		1.8		DN600		Cement pipes				Dec-98			1.5297				5.50	%			2	%			1.6537
3		GSY013		Wulihe Drainage		Xx. 0, Xxxxx Xxxx, Xxxxxx Xxxxxxxx		0000		1.8		DN600		Cement pipes				Jan-98			4.6771				5.50	%			2	%			5.0563
		Shenyang Sub-total																															8.9534
4		GDL010		Network		Xxxxxxxxxxx Xxxx, Xxxxxxxxx Xxxxxxxx		00000		1.5		DN200		Cement pipes				Aug-97			42.7745				5.50	%			2	%			46.2427
5		GDL011		Power cable		Xxxxxxxxxxx Xxxx, Xxxxxxxxx Xxxxxxxx		00000						Insulated copper wire				Aug-97			39.9229				5.50	%			2	%			43.1599
6		GDL012		Running water		Xxxxxxxxxxx Xxxx, Xxxxxxxxx Xxxxxxxx		00000		1.5		DN150		Galvanized steel pipes				Aug-97			36.0343				5.50	%			2	%			38.9560

		Dalian Subtotal																															128.3586
7		GCC001		Heating Engineering		Erdao Airport		3500		Cover up		219*7.5		Welded pipes		Rockwool		Dec-93			9.2596				5.50	%			2	%			10.0104
8		GCC003		Well		Erdao		20		93		256		Cast iron		Anticorrosive		Dec-94			0.7576				5.50	%			2	%			0.8190
		Changchun Subtotal																															10.8294
9		GHEB001		Drainage		Complex Building, Pump		436		2.7		DN200		Cast iron				Sep-95			0.7513				5.50	%			2	%			0.8122
10		GHEB002		Drainage		Station and Sewage		118		2.7		DN150		Cast iron				Sep-95			0.1507				5.50	%			2	%			0.1629
11		GHEB003		Drainage				10		2.7		DN100		Cast iron				Sep-95			0.0112				5.50	%			2	%			0.0121
12		GHEB004		Drainage				326		2.7		DN200		Cast iron				Sep-95			0.5618				5.50	%			2	%			0.6074
13		GHEB005		Drainage				108		2		DN300		Cast iron				Sep-95			0.3026				5.50	%			2	%			0.3271
14		GHEB006		Water Supply pipelines		Ring type pipeline network		980		2		DN150		Cast iron				Jun-95			1.2514				5.50	%			2	%			1.3529

15		GHEB007		Water Supply pipelines		Ring type pipeline network		980		2.3		DN150		Cast iron				Jun-97			1.2862				5.50	%			2	%			1.3905
16		GHEB008		Drainage		Hangar		880		1.5		DN200		Cast iron				Jun-97			1.5586				5.50	%			2	%			1.6850
17		GHEB009		Heating Network		Heating		140		1.5		D377*7		Concrete pipes				Sep-97			0.2454				5.50	%			2	%			0.2653
18		GHEB010		Heating Network		Heating		530		1.5		D325*7		Heat insulation pipes				Sep-97			1.4864				5.50	%			2	%			1.6069
19		GHEB011		Heating Network		Heating		220		1.5		D273*6		Heat insulation pipes				Sep-97			0.5244				5.50	%			2	%			0.5669
20		GHEB012		Heating Network		Heating		660		1.5		D159*4.5		Heat insulation pipes				Sep-97			0.9255				5.50	%			2	%			1.0005
21		GHEB013		Heating Network		Heating		420		1.5		D133*4		Heat insulation pipes				Sep-97			0.5301				5.50	%			2	%			0.5731
22		GHEB014		Heating Network		Heating		240		1.5		D108*4		Heat insulation pipes				Sep-97			0.2692				5.50	%			2	%			0.2910
23		GHEB015		Heating Network		Heating		220		1.5		D89*4		Heat insulation pipes				Sep-97			0.219				5.50	%			2	%			0.2368

24		GHEB016		Heating Network		Heating		460		1.5		D76*4		Heat insulation pipes				Sep-97			0.4064				5.50	%			2	%			0.4394
25		GHEB017		Steam Pipeline Network		Reserved  for the use of hangar		1110		1.5		D159*4.5		Heat insulation pipes				Oct-97			1.612				5.50	%			2	%			1.7427
26		GHEB018		Steam Pipeline Network		Reserved  for the use of hangar		1110		1.5		D108*4		Heat insulation pipes				Oct-97			1.2896				5.50	%			2	%			1.3942
27		GHEB019		Heat Network		Xx. 00, Xxxxxxxxxx Xxxx		000		1.02		80*4		Heat insulation pipes				Oct-99			0.2644				5.50	%			2	%			0.2858
28		GHEB020		Water Xxxxx		Xx. 00, Xxxxxxxxxx Xxxx		000		1.2		50*3.5		Heat insulation pipes				Oct-99			0.1603				5.50	%			2	%			0.1733
29		GHEB021		Sewage and drainage		Xx. 00, Xxxxxxxxxx Xxxx		127.4		1.85		150		Cast iron				Jan-99			0.1823				5.50	%			2	%			0.1971
30		GHEB022		Septic tank		Xx. 00, Xxxxxxxxxx Xxxx		0				0*0*0		Xxxxxxxx pipe				Jan-99			0.217				5.50	%			2	%			0.2346
31		GHEB023		Sewage and drainage		Xx. 00, Xxxxxxxxxx Xxxx		0				0*0*0		Xxxxxxxx pipe				Jan-99			0.0502				5.50	%			2	%			0.0543

32		GHEB024		Sewage and drainage		Xx. 00, Xxxxxxxxxx Xxxx		00		1.85		150		Cast iron				Jan-99			0.0858				5.50	%			2	%			0.0928
33		GHEB025		Sewage and drainage		Xx. 00, Xxxxxxxxxx Xxxx		00		2		200		Cast iron				Jan-99			0.1351				5.50	%			2	%			0.1461
34		GHEB026		Check well		Xx. 00, Xxxxxxxxxx Xxxx		00		2.3				Brick				Jan-99			4.0001				5.50	%			2	%			4.3244
35		GHEB027		Rainwater Drainage		Xx. 00, Xxxxxxxxxx Xxxx		000				000		Cement pipes				May-00			0.7227				5.50	%			2	%			0.7813
36		GHEB028		Drain		Xx. 00, Xxxxxxxxxx Xxxx		00				1.2*0.6*1		Concrete				May-00			0.3036				5.50	%			2	%			0.3282
37		GHEB029		Fire control pipeline network		Xx. 00, Xxxxxxxxxx Xxxx		000		3.2				Steel pipes				Oct-99			0.5447				5.50	%			2	%			0.5889
38		GHEB030		Pipelines Network		Boiler Room		96.1		2.5		200		Cast iron				Sep-96			0.1656				5.50	%			2	%			0.1790

39		GHEB031		Pipelines Network		Garage		230		2.5		150		Cast iron				Sep-96			0.2937				5.50	%			2	%			0.3175
40		GHEB032		Pipelines Network		Garage		136		2.5		100		Cast iron				Sep-96			0.1416				5.50	%			2	%			0.1531
41		GHEB033		Pipelines Network		Garage		56		2.5		75		Cast iron				Sep-96			0.0583				5.50	%			2	%			0.0630
42		GHEB019		Pipelines Network		Catering, boiler		72.5		2		50		Steel pipes				Sep-96			0.0225				5.50	%			2	%			0.0243
43		GHEB034		Pipelines Network		Room, Garage		435		2.4		200		Steel and Concrete				Sep-96			0.7415				5.50	%			2	%			0.8016
44		GHEB035		Pipelines Network		Room, Garage		20		2		125		Cast iron				Sep-96			0.0893				5.50	%			2	%			0.0965
45		GHEB036		Pipelines Network		Room, Garage		5		2		80		Cast iron				Sep-96			0.0223				5.50	%			2	%			0.0241
46		GHEB037		Cast iron		Complex Building		436		2.7		200		Cast iron				Sep-95			0.7513				5.50	%			2	%			0.8122
47		GHEB038		Drainage		Sewage		118		2.7		150		Cast iron				Sep-95			0.1507				5.50	%			2	%			0.1629
48		GHEB039		Drainage		Treatment plant		10		2.7		100		Cast iron				Sep-95			0.0104				5.50	%			2	%			0.0112
49		GHEB040		Drainage				326		3		200		Cast iron				Sep-95			0.5618				5.50	%			2	%			0.6074

50		GHEB041		Drainage				108		5.5		300		Cast iron				Sep-95			0.3026				5.50	%			2	%			0.3271
51		GHEB042		Pipelines Network		Ring type pipeline network		980		2		150		Cast iron				Jun-97			1.2862				5.50	%			2	%			1.3905
52		GHEB043		Pipelines Network		Ring type pipeline network		1040		2		200		Cast iron				Jun-97			1.842				5.50	%			2	%			1.9914
53		GHEB044		Drainage		Hangar and pump station		880		2		200		Concrete pipes				Jun-97			1.5417				5.50	%			2	%			1.6667
54		GHEB048		Heating network		Heating		140		1.5		377*7		Heat insulation pipes				Sep-97			0.4319				5.50	%			2	%			0.4669
55		GHEB049		Heating network		Heating		530		1.5		325*7		Heat insulation pipes				Sep-97			1.4864				5.50	%			2	%			1.6069
56		GHEB050		Heating network		Heating		220		1.5		273*6		Heat insulation pipes				Sep-97			0.5244				5.50	%			2	%			0.5669

57		GHEB051		Heating network		Heating		600		1.5		159*4.5		Heat insulation pipes				Sep-97			0.8413				5.50	%			2	%			0.9095
58		GHEB052		Heating network		Heating		420		1.5		133*4		Heat insulation pipes				Sep-97			0.5301				5.50	%			2	%			0.5731
59		GHEB053		Heating network		Heating		240		1.5		108*4		Heat insulation pipes				Sep-97			0.2692				5.50	%			2	%			0.2910
60		GHEB054		Heating network		Heating		220		1.5		89*4		Heat insulation pipes				Sep-97			0.219				5.50	%			2	%			0.2368
61		GHEB055		Heating network		Heating		460		1.5		76*4		Heat insulation pipes				Jul-97			0.4212				5.50	%			2	%			0.4554
62		GHEB056		Steam Pipeline Network		Reserved  for the use of hangar		1110		1.5		159*4.5		Heat insulation pipes				Oct-97			1.612				5.50	%			2	%			1.7427

63		GHEB057		Steam Pipeline Network		Reserved  for the use of hangar		1110		1.5		108*4		Heat insulation pipes				Oct-97			1.2896				5.50	%			2	%			1.3942
64		GHEB058		Cable Trench				500		1		800						Oct-98			0.7413				5.50	%			2	%			0.8014
65		GHEB059		Cable Trench				500		1		800						Oct-98			0.7413				5.50	%			2	%			0.8014
		Harbin Sub-total																															40.1484
		Shares leased pipelines and Trench total																															188.2898