H Share Stock Code: 1055 · A Share Stock Code: 600029 · ADR Code ZNH

（International Financial Reporting Standards）

Presentation Team

Mr. Lou Laijun

Vice Chairman

Mr. Yao Yong

EVP & C.A. & CFO

Mr. Chen Weihua

General Counsel

Mr. Wang Zhen

Director General - Commercial Steering Committee

Ms. Mao Juan

SVP - Finance Division

Mr. Liu Zubing

President - China Southern Air Logistics

2022 Interim Results

01 Industry Overview

02 Business Overview

03 Financial Highlights

04 Future Prospect

01

Industry Overview

2022 Interim Results

Macro-Perspective

Considerable Uncertainty

2022 Interim Results

Complex international affair

Global economy was expected to decline significantly, facing multiple obstacles to recovery, such as supply chain obstruction, energy shortage, rising inflation, interest rate hikes in major economies, and escalating collisions among great powers.

Slow economic recovery

China's GDP expanded 2.5% in 1H2022. Key economic indicators including employment, consumption, and industrial production were at low levels. Triple pressures of shrunken demand, disrupted supply and weakening expectations were intensified.

5

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China Southern Airlines Company Ltd. published this content on 31 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2023 04:09:28 UTC.