China Southern Airlines Co. Ltd. provided earnings guidance for the six months ended June 30, 2014. Due to multi factors such as the slower growth of Chinese economy and the exchange losses (as compared with the exchange gains for the corresponding period of 2013) resulting from the substantial depreciation of Renminbi during the first half of 2014, it is expected that the net profits attributable to equity holders of the company for the first half of 2014 amounts to RMB 0.9 billion to RMB 1.1 billion.