Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 0598)

ANNOUNCEMENT OF UNAUDITED RESULTS OF SINOTRANS AIR TRANSPORTATION DEVELOPMENT COMPANY LIMITED

FOR THE SIX MONTHS ENDED 30th JUNE, 2012

z This announcement is made pursuant to the disclosure obligation under Rule 13.09(1) of the Listing Rules. The board of directors of Sinotrans announces the unaudited consolidated results of its A share listed subsidiary, Sinoair, for the six months ended 30th June, 2012.

z Sinoair's unaudited consolidated financial statements for such six months have been

prepared in accordance with the generally accepted accounting principles of the People's
Republic of China.
z The turnover and net profit of Sinoair for the six months ended 30th June, 2012 were RMB1,875,389,817.57 and RMB 228,832,690.18 respectively, which represent respective increase of 23.22% and 4.61% from those of the same period last year.
This announcement is made pursuant to the disclosure obligation under Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'').
The following is an extract of the unaudited consolidated results of Sinotrans Air Transportation Development Company Limited (''Sinoair'') for the six months ended 30th June, 2012. The full results were released in the People's Republic of China on 18th August, 2012, details of which were in the Overseas Regulatory Announcement published by the Company on 17th August, 2012. Sinoair is a joint stock limited company incorporated in the People's Republic of China, the securities of which are listed on the Shanghai Stock Exchange. As at the date hereof, Sinotrans Limited ("Sinotrans") is interested in approximately 63.46 percent of the issued share capital of Sinoair. Accordingly, Sinoair is a subsidiary of Sinotrans.

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Sinoair's unaudited consolidated financial statements for the six months ended 30th June, 2012 have been prepared in accordance with the generally accepted accounting principles of the People's Republic of China.
The turnover and net profit of Sinoair for the six months ended 30th June, 2012 were RMB1,875,389,817.57 and RMB 228,832,690.18 respectively, which represent respective increase of 23.22% and 4.61% from those of the same period last year..

CONSOLIDATED PROFIT AND LOSS ACCOUNT

For the six months ended 30th June, 2012

For the six months ended 30th June

(unaudited)

2012

Renminbi

2011

Renminbi

Turnover

1,875,389,817.57

1,521,910,600.53

Less: Direct costs

1,692,630,157.92

1,361,899,220.89

Business tax and surcharges

16,103,411.28

14,265,343.15

Selling expenses

65,847,953.92

62,165,272.62

General and administrative expenses

86,587,744.16

73,427,455.94

Financial expenses

(17,835,788.40)

(11,963,633.51)

Assets impairment loss

1,198,737.05

(813,303.19)

Add: Investment income

215,418,207.28

207,883,505.11

Of which: income from investments in

associated companies and joint ventures

246,444,797.80

193,249,115.18

Operating profit

246,275,808.92

230,813,749.74

Add: Non-operating income

1,715,736.74

633,186.13

Less: Non-operating expenses

205,013.19

1,405,361.61

Profit before tax

247,786,532.47

230,041,574.26

Less:Income tax

18,953,842.29

11,303,322.04

Net profit

228,832,690.18

218,738,252.22

Net profit attributable to owners of parent company

228,373,805.71

218,514,406.12

Minority interests

458,884.47

223,846.10

Earning Per Share

Basic Earning Per Share

0.2522

0.2413

Diluted Earning Per Share

0.2522

0.2413

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By Order of the Board Sinotrans Limited Gao Wei

Company Secretary

Beijing, 17th August, 2012

As at the date of this announcement, Zhao Huxiang, Zhang Jianwei, Tao Suyun and Li Jianzhang are executive directors of Sinotrans; Wu Dongming, Liu Jinghua, Jerry Hsu and Mok, Chi Ming Victor are non-executive directors of Sinotrans; and Sun Shuyi, Lu Zhengfei and Liu Kegu are independent non-executive directors of Sinotrans.

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