THIRD QUARTERLY REPORT OF 2021 - Form 6-K

THIRD QUARTERLY REPORT OF 2021

Summary

The quarterly financial report for the third quarter of 2021 (i.e. the three months ended 30 September 2021, the "reporting period") of China Southern Airlines Company Limited (the "Company", together with its subsidiaries, the "Group") was prepared in accordance with the PRC Accounting Standards and was unaudited.

This announcement is published pursuant to Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

IMPORTANT NOTICE:

The board of directors (the "Board") and the supervisory committee of China Southern Airlines Company Limited (the "Company") and its directors (the "Directors"), supervisors and senior management warrant the truthfulness, accuracy and completeness of the content contained in this quarterly report, and the report does not contain inaccurate or misleading statements or material omission, and jointly and severally accept full legal responsibility.

The responsible person of the Company, Mr. Ma Xu Lun (Chairman), the responsible person of the accounting of the Company, Mr. Han Wen Sheng (Vice Chairman and President of the Company), and the responsible person of the accounting department, Mr. Yao Yong (Executive Vice President, Chief Accountant and Chief Financial Officer of the Company) warrant the truthfulness, accuracy and completeness of the financial statements contained in this quarterly report.

Whether the Third Quarterly Financial Statements have been audited

☐ Yes ☒ No

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I.	MAJOR ACCOUNTING DATA

(I)	Principal accounting data and financial indicators

								Unit: Million			Currency: RMB
Items		The reporting period			Increase/ (decrease) as compared with the corresponding period last year (%)			Nine months ended 30 September 2021			Increase/ (decrease) as compared with the corresponding period last year (%)
Operating revenue			26,919				2.02				78,495				20.11
Net profit attributable to shareholders of the Company			-1,431				Not applicable				-6,119				Not applicable
Net profit attributable to shareholderss of the Company after deducting non-recurring gains and losses			-1,650				Not applicable				-6,450				Not applicable
Net cash flows generated from operating activities			Not applicable				Not applicable				13,158				230.85
Basic earnings per share (RMB/share)			-0.08				Not applicable				-0.38				Not applicable
Diluted earnings per share (RMB/share)			-0.08				Not applicable				-0.38				Not applicable
Weighted average return on net assets (%)			-1.93				Decreased by 2.92 percentage points				-8.71				Increased by 2.49 percentage points
		As at the end of the reporting period			As at the end of last year			Increase/ (decrease) as compared with that of the end of last year (%)
Total assets			323,565				326,115				-0.78
Equity attributable to shareholders of the Company			73,624				69,346				6.17

Note:

The "reporting period" and the same expressions hereafter mentioned refer to the three-months period from the beginning to the end of the third quarter of 2021.

- 2 -

(II)	Non-recurring gains and losses

		Unit: Million				Currency: RMB

Items		Amount for the reporting period			Amount for the period from the beginning of the year to the end of the reporting period
Gains or losses on disposal of non-current assets (including the written-off portion of provision for impairment losses)			-29				103
Government grants recorded in the income statement for the current period (exclusive of government grants which are closely related to the normal business of the Company and entitled pursuant to unified standard quota or amount under the government policy)			73				229
Other non-operating income and expenses other than the above			131				307
Gains from changes in fair value of derivative component of convertible bonds			120				-46
Gains from changes in fair value of other non-current financial assets			-2				0
Less: Effect of income tax			73				147
Effect on non-controlling interests after taxation			1				115
Total			219				331

Notes on defining any non-recurring gains and losses items as listed in the "The No. 1 Explanatory Announcement Regarding Information Disclosure for Companies Issuing Securities Publically - Non- Recurring Gains and Losses" as recurring gains and losses items

☐ Applicable ☐ Not applicable

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(III)

Changes to major accounting data and financial indicators and reasons

✓ Applicable ☐ Not applicable

Items		Percentage of change (%)		Main reason(s)
Net profit attributable to shareholders of the Company-the reporting period		Not applicable		As compared with the corresponding period last year, during the reporting period, the COVID-19 pandemic burst out in multiple places, which had a sustainable impact on summer travel peak
Net profit attributable to shareholders of the Company after deducting non-recurring gains and losses-the reporting period		Not applicable		As compared with the corresponding period last year, during the reporting period, the COVID-19 pandemic burst out in multiple places, which had a sustainable impact on summer travel peak
Net cash flows generated from operating activities- nine months ended 30 September 2021		230.85		From the beginning of the year to the end of the reporting period, thanks to the weakening of the impact of COVID-19 pandemic, the aviation market recovered, and the Company's operating conditions had improved as compared with the corresponding period last year
Basic earnings per share-the reporting period		Not applicable		As compared with the corresponding period last year, during the reporting period, the COVID-19 pandemic burst out in multiple places, which had a sustainable impact on summer travel peak
Basic earnings per share-nine months ended 30 September 2021		Not applicable		From the beginning of the year to the end of the reporting period, thanks to the weakening of the impact of COVID-19 pandemic, the aviation market recovered, and the Company's operating conditions had improved as compared with the corresponding period last year
Diluted earnings per share-the reporting period		Not applicable		As compared with the corresponding period last year, during the reporting period, the COVID-19 pandemic burst out in multiple places, which had a sustainable impact on summer travel peak
Diluted earnings per share-nine months ended 30 September 2021		Not applicable		From the beginning of the year to the end of the reporting period, thanks to the weakening of the impact of COVID-19 pandemic, the aviation market recovered, and the Company's operating conditions had improved as compared with the corresponding period last year

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II.	INFORMATION OF SHAREHOLDERS

(I)	Total number of ordinary shareholders and number of preference shareholders with restored voting rights and shareholdings of the top ten shareholders

Unit: Share

Total number of ordinary shareholders as at the end of the reporting period			191,535				Total number of preference shareholders with restored voting rights as at the end of the reporting period (if any)				Not applicable
Shareholdings of the top ten shareholders
Name of shareholder		Capacity of shareholder			Total number of shares held at the end of the reporting period			Shareholding percentage at the end of the reporting period (%)			Number of shares subject to trading restrictions at the end of the reporting period			Status of pledged, marked or frozen shares
	Status of shares			Number of shares
China Southern Air Holding Company Limited			State-owned legal entity				8,600,897,508				50.75				2,453,434,457				No				0
Nan Lung Holding Limited			State-owned legal entity				2,243,271,577				13.24				0				No				0
HKSCC Nominees Limited			Overseas legal entity				1,750,300,857				10.33				0				Not known				-
Hong Kong Securities Clearing Company Limited			Overseas legal entity				656,277,897				3.87				0				No				0
China National Aviation Fuel Group Limited			State-owned legal entity				457,147,480				2.70				0				No				0
China Securities Finance Corporation Limited			State-owned legal entity				320,484,148				1.89				0				No				0
American Airlines, Inc			Overseas legal entity				270,606,272				1.60				0				No				0
China Structural Reform Fund Corporation Limited			State-owned legal entity				194,019,933				1.14				0				No				0
Spring Airlines Co., Ltd.			Domestic non-State- owned legal entity				140,531,561				0.83				0				No				0
China Reform State-owned Enterprise Operation Investment Fund Management (Guangzhou) Co., Ltd. - China Reform State-owned Enterprise Operation (Guangzhou) Investment Fund (LLP)			Domestic non-State- owned legal entity				70,006,275				0.41				0				No				0

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Particulars of the top ten shareholders not subject to trading restrictions
Name of shareholder		Number of tradable shares not subject to selling restrictions			Type and number of shares
	Type of shares			Number of shares
China Southern Air Holding Company Limited			6,147,463,051				RMB ordinary shares				6,147,463,051
Nan Lung Holding Limited			2,243,271,577				Overseas-listed foreign shares				2,243,271,577
HKSCC Nominees Limited			1,750,300,857				Overseas-listed foreign shares				1,750,300,857
Hong Kong Securities Clearing Company Limited			656,277,897				RMB ordinary shares				656,277,897
China National Aviation Fuel Group Limited			457,147,480				RMB ordinary shares				457,147,480
China Securities Finance Corporation Limited			320,484,148				RMB ordinary shares				320,484,148
American Airlines, Inc.			270,606,272				Overseas-listed foreign shares				270,606,272
China Structural Reform Fund Corporation Limited			194,019,933				RMB ordinary shares				194,019,933
Spring Airlines Co., Ltd.			140,531,561				RMB ordinary shares				140,531,561
China Reform State-owned Enterprise Operation Investment Fund Management (Guangzhou) Co., Ltd. - China Reform State-owned Enterprise Operation (Guangzhou) Investment Fund (LLP)			70,006,275				RMB ordinary shares				70,006,275
Explanation of the related party relationship or concert party relationship of the above shareholders			China Southern Air Holding Company Limited held in aggregate 2,279,983,577 H shares of the Company through its wholly-owned subsidiaries in Hong Kong, namely Nan Lung Holding Limited and Perfect Lines (Hong Kong) Limited. The Company is not aware of any other related party relationship between other shareholders. The overseas-listed foreign shares among the tradable shares not subject to the trading restrictions in the table above include 608,695,652 H shares held by Nan Lung Holding Limited, a wholly-owned subsidiary of China Southern Air Holding Company Limited, the controlling shareholder of the Company, in connection with the subscription of the Company's 2020 non-public issuance of H shares. Nan Lung Holding Limited undertakes not to trade or transfer the aforesaid H shares within 36 months from the completion date of subscription for H shares (15 April 2020).
Explanation on the top ten shareholders and the top ten shareholders not subject to trading restrictions who have participated in the business of margin financing and securities lending and margin refinancing (if any)			Not applicable

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III.	IMPORTANT INFORMATION

Other important information related to the Company's business performance during the reporting period should be brought to the attention of the investors

✓ Applicable ☐ Not applicable

Status on the guarantees provided for the SPVs of the Company as of the date of this report:

No.		Established SPVs		Actually Provided (Yes/no)		Guaranteed Amount (US$100 million)
1		China Southern Airlines No. 1		Yes			1.50
2		China Southern Airlines No. 2		Yes			1.40
3		China Southern Airlines No. 3		Yes			3.28
4		China Southern Airlines No. 5		Yes			0.92
5		China Southern Airlines No. 6		Yes			0.35
6		China Southern Airlines No. 7		Yes			0.35
7		China Southern Airlines No. 8		Yes			0.35
8		China Southern Airlines No. 9		Yes			5.88
9		China Southern Airlines No. 10		Yes			5.17
10		China Southern Airlines No. 11		Yes			2.98
11		China Southern Airlines No. 12		Yes			0.25
12		China Southern Airlines No. 13		Yes			0.25
13		China Southern Airlines No. 14		Yes			0.33
14		China Southern Airlines No. 15		Yes			3.11
15		China Southern Airlines No. 16		Yes			5.26
16		China Southern Airlines No. 17		Yes			1.49
17		China Southern Airlines No. 18		Yes			2.50
18		China Southern Airlines No. 19		Yes			0.51
19		China Southern Airlines No. 20		Yes			0.51
20		China Southern Airlines No. 21		Yes			0.48
21		China Southern Airlines No. 22		Yes			0.48

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No.		Established SPVs		Actually Provided (Yes/no)		Guaranteed Amount (US$100 million)
22		China Southern Airlines No. 23		Yes		0.48
23		China Southern Airlines No. 24		Yes		2.78
24		China Southern Airlines No. 25		Yes		2.04
25		China Southern Airlines No. 26		Yes		4.73
26		Chongqing Airlines No.1		Yes		3.52
27		Chongqing Airlines No.2		Yes		0.32
28		Xiamen Airlines No.2		Yes		0.11
29		Xiamen Airlines No.3		Yes		0.11
30		Xiamen Airlines No.4		Yes		0.19
31		Xiamen Airlines No.5		Yes		0.15
32		Xiamen Airlines No.6		Yes		0.20
33		Xiamen Airlines No.7		Yes		0.11
34		Xiamen Airlines No.8		Yes		0.19
35		Xiamen Airlines No.9		Yes		0.19
36		Xiamen Airlines No.10		Yes		0.15
37		Xiamen Airlines No.11		Yes		0.16
38		Xiamen Airlines No.12		Yes		0.13
39		Xiamen Airlines No.13		Yes		0.19
40		Xiamen Airlines No.14		Yes		0.18
41		Xiamen Airlines No.15		Yes		0.18
42		Xiamen Airlines No.16		Yes		0.13
43		Xiamen Airlines No.17		Yes		0.12
Total		/		/		53.71

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Note		During the reporting period, as the leased engines and aircraft under China Southern Airlines No. 4 and Xiamen Airlines No.1 were due for cancellation, the guarantee liabilities of US$16 million and US$17 million were released, respectively. In addition, pursuant to the authorization of the 2019 annual general meeting, Xiamen Airlines adjusted the guarantee limits of Xiamen Airlines No.4, Xiamen Airlines No. 8 and Xiamen Airlines No.9 to US$19 million, US$19 million and US$19 million, respectively, within the authorized guarantee line of US$274 million.
	As at the end of reporting period, the total guarantee amounts actually provided for the aforementioned 43 SPVs by the Company and its subsidiaries, i.e. Xiamen Airlines and Chongqing Airlines, are US$5.371 billion (equivalent to approximately RMB34.833 billion, calculated based on the Renminbi central parity rate of US$1=RMB6.4854 published by the People's Bank of China on 30 September 2021), which are within the scope of the authorized guarantee amount approved by the general meeting of the Company.

IV.	QUARTERLY FINANCIAL STATEMENTS

(I)	Type of audit opinion

☐Applicable ☐Not applicable

(II)	Financial statements

Consolidated Balance Sheet

As at 30 September 2021

Prepared by: China Southern Airlines Company Limited

Unit: Million Currency: RMB Audit type: Unaudited

Items		30 September 2021			31 December 2020
Current assets:
Cash at bank and on hand			22,331				25,823
Settlement provisions
Loans to banks and other financial institutions
Held-for-trading financial assets
Derivative financial assets
Bills receivable			4				12
Accounts receivable			3,554				2,544
Receivables financing
Prepayments			395				732

- 9 -

Items		30 September 2021			31 December 2020
Premiums receivable
Reinsurance accounts receivable
Reinsurance contract reserves receivable
Other receivables			1,666				1,955
Including: Interest receivable			75				35
Dividends receivable			11				4
Financial assets purchased with agreement to resale
Inventories			1,803				1,760
Contract assets
Assets held for sale
Non-current assets due within one year			88				0
Other current assets			7,057				6,159
Total current assets			36,898				38,985
Non-current assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivables			506				0
Long-term equity investments			5,731				5,673
Other equity instrument investments			699				799
Other non-current financial assets			92				92
Investment properties			276				312
Fixed assets			88,806				85,754
Construction in progress			32,559				32,438
Productive biological assets
Oil and gas assets

- 10 -

Items		30 September 2021			31 December 2020
Right-of-use assets			138,656				145,540
Intangible assets			6,313				6,155
Development expenses
Goodwill
Long-term deferred expenses			819				887
Deferred tax assets			10,562				7,749
Other non-current assets			1,648				1,731
Total non-current assets			286,667				287,130
Total assets			323,565				326,115
Current liabilities:
Short-term borrowings			19,516				25,286
Borrowings from the central bank
Loans from other banks
Held-for-trading financial liabilities
Derivative financial liabilities			1,062				3,148
Bills payable			0				278
Accounts payable			12,435				11,974
Sales in advance of carriage			3,925				3,997
Contract liabilities			1,308				1,513
Funds from selling out and repurchasing financial assets
Receipts of deposits and deposits from other banks
Accounts payable to brokerage customers
Proceeds from underwriting securities received on behalf of customers
Employee benefits payable			4,268				4,328

-11-

Items		30 September 2021			31 December 2020
Taxes payable			844				680
Other payables			8,239				8,640
Including: Interest payable			633				523
Dividends payable			1				31
Fees and commissions payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within one year			29,683				24,838
Other current liabilities			20,498				10,999
Total current liabilities			101,778				95,681
Non-current liabilities:
Reserves for insurance contracts
Long-term borrowings			15,499				8,811
Derivative financial liabilities			6				11
Hedging instrument			23				42
Bonds payable			20,413				29,323
Including: Preferred shares
Perpetual bonds
Lease liabilities			87,311				100,283
Provision for major overhauls			4,753				4,216
Long-term payables			218				291
Long-term salaries payable
Accrued liabilities
Deferred income			915				769
Deferred tax liabilities			41				80
Other non-current liabilities			1,721				1,745
Total non-current liabilities			130,900				145,571
Total liabilities			232,678				241,252

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Items		30 September 2021			31 December 2020
Owners' equity (or shareholders' equity):
Share capital (or issued capital)			16,948				15,329
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve			47,887				39,050
Less: Inventory shares
Other comprehensive income			183				242
Specific reserve
Surplus reserve			2,579				2,579
General risk reserve
Retained earnings			6,027				12,146
Total equity attributable to shareholders of the Company			73,624				69,346
Non-controlling interests			17,263				15,517
Total owners' equity (or shareholders' equity)			90,887				84,863
Total liabilities and owners' equity (or shareholders' equity)			323,565				326,115

Responsible person of the Company: Ma Xu Lun		Responsible person of the accounting of the Company: Han Wen Sheng		Responsible person of the accounting department: Yao Yong

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Consolidated Income Statement

For the nine months ended 30 September 2021

Prepared by: China Southern Airlines Company Limited

Unit: Million Currency: RMB Audit type: Unaudited

Items		Nine months ended 30 September 2021			Nine months ended 30 September 2020
I.Total revenue			78,495				65,350
Including: Operating revenue			78,495				65,350
Interest income
Premiums earned
Fees and commissions income
II. Total operating costs			88,437				78,470
Including: Cost of sales			77,748				67,572
Interest expense
Fees and commissions expense
Surrender payment
Net payment for insurance claim
Net provisions for insurance liability
Expenditure for insurance policy dividend
Reinsurance costs
Taxes and surcharges			291				206
Selling and administrative expenses			3,724				3,825
General and administrative expenses			2,650				2,728
Research and development expenses			298				273
Financial expenses			3,726				3,866
Including: Interest expenses			4,880				5,078
Interest income			533				160

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Items		Nine months ended 30 September 2021			Nine months ended 30 September 2020
Add: Other income			2,681				2,318
Investment income ("-" for losses)			246				-477
Including: Share of profit of associates and joint ventures			242				-555
Derecognition of income from financial assets at amortised cost
Exchange gain ("-" for losses)
Gain arising from net exposure hedge ("-" for losses)
Gains arising from changes in fair value ("-" for losses)			-93				-55
Credit losses ("-" for losses)			1				-13
Impairment losses on property, plant and equipment and right- of-use rights ("-" for losses)
Gains on disposal of assets ("-" for losses)			103				126
III. Operating profit ("-" for losses)			-7,004				-11,221
Add: Non-operating income			417				560
Less: Non-operating expenses			40				78
IV. Total profits ("-" for total losses)			-6,627				-10,739
Less: Income tax expenses			-1,527				-2,193
V. Net profit ("-" for net losses)			-5,100				-8,546
(I) By continuity			-5,100				-8,546
1.Net profit from continuing operations ("-" for net losses)
2.Net profit from discontinued operations ("-" for net losses)
(II) By ownership			-6,119				-7,463
1.Net profit attributable to shareholders of the Company ("-" for net losses)
2.Non-controlling interests ("-" for net losses)			1,019				-1,083

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Items		Nine months ended 30 September 2021			Nine months ended 30 September 2020
VI. Other comprehensive income, net of tax			-60				-137
(I) Other comprehensive income (net of tax) attributable to shareholders of the Company			-59				-98
1.Items that will not be reclassified to profit or loss			-76				-47
(1) Change in defined benefit plans arising from re-measurement
(2) Equity-accounted investees - share of other comprehensive income (non-recycling)			-1				-2
(3) Changes in fair value of other equity instruments			-75				-45
(4) Change in fair value of the Company's own credit risk			17				-51
2.Items that may be reclassified subsequently to profit or loss
(1) Equity-accounted investees-share of other comprehensive income (recycling)			3				-6
(2) Change in fair value of other debt investments
(3) Financial assets reclassified into other comprehensive income
(4) Provision for credit impairment of other debt investments
(5) Cash flow hedge: fair value movement of derivative financial assets/liabilities			14				-44
(6) Translation differences arising on translation of foreign currency financial statements			0				-1
(7) Others
(II) Other comprehensive income (net of tax) attributable to non-controlling interests			-1				-39

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Items		Nine months ended 30 September 2021			Nine months ended 30 September 2020
VII. Total comprehensive income			-5,160				-8,683
(I) Attributable to shareholders of the Company			-6,178				-7,561
(II) Attributable to non-controlling interests			1,018				-1,122
VIII. Earnings per share:
(I) Basic earnings per share (RMB/share)			-0.38				-0.55
(II) Diluted earnings per share (RMB/share)			-0.38				-0.55

Responsible person of the Company: Ma Xu Lun		Responsible person of the accounting of the Company: Han Wen Sheng		Responsible person of the accounting department: Yao Yong

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Consolidated Cash Flow Statement

For the nine months ended 30 September 2021

Prepared by: China Southern Airlines Company Limited

Unit: Million Currency: RMB Audit type: Unaudited

Items		Nine months ended 30 September 2021			Nine months ended 30 September 2020
I. Cash flows from operating activities:
Proceeds from sale of goods and rendering of services			85,440				64,528
Net increase in customer and interbank deposits
Net increase in borrowings from the central bank
Net cash increase in placements from other financial institutions
Cash received from premiums under original insurance contracts
Net cash received from reinsurance business
Net increase in deposits of policy holders and investment funds
Cash received from interest, fees and commissions
Net increase in capital due to banks and other financial institutions
Net increase in cash received from repurchase business
Net cash received by agents for trading in securities
Refund of taxes and surcharges			47				342
Proceeds from other operating activities			3,273				3,057
Sub-total of operating cash inflows from operating activities			88,760				67,927

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Items		Nine months ended 30 September 2021			Nine months ended 30 September 2020
Payment for goods and services			51,511				43,653
Net increase in customer loans and advances to customers
Net increase in deposits in the central bank and interbank deposits
Cash paid for compensation payments under original insurance contracts
Net increase in placements with banks and other financial institutions
Cash paid for interest, fees and commissions
Cash paid for insurance policy dividend
Payment to and for employees			20,461				17,251
Payment of taxes and surcharges			3,134				2,213
Payment for other operating activities			496				833
Sub-total of cash outflows from operating activities			75,602				63,950
Net cash flows from operating activities			13,158				3,977
II. Cash flows from investment activities:
Cash received from return of investments			120				3
Cash received on investment income			233				281
Net proceeds from disposal of fixed assets, intangible assets and other long-term assets			736				2,699
Net cash received from disposal of subsidiaries and other operating units
Proceeds from other investing activities			465				178
Sub-total of cash inflows from investing activities			1,554				3,161
Payment for acquisition of fixed assets, intangible assets and other long-term assets			13,762				3,989
Cash paid for investment			0				722
Net increase in secured loans
Net cash paid for acquisition of subsidiaries and other operating units
Other cash paid relating to investing activities
Sub-total of cash outflows from investment activities			13,762				4,711
Net cash flows from investing activities			-12,208				-1,550

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Items		Nine months ended 30 September 2021			Nine months ended 30 September 2020
III. Cash flows from financing activities:
Proceeds from investors			1,124				15,951
Including: Investment received from non-controlling interests			1,124				0
Proceeds from borrowings			52,262				50,704
Proceeds from issuance of bonds			69,900				56,300
Proceeds from other financing activities			38				0
Sub-total of cash inflows from financing activities			123,324				122,955
Repayments of borrowings			122,588				105,705
Payment for dividends, profit distributions or interest			5,122				4,871
Including: Dividends and profits paid to non-controlling shareholders of subsidiaries			42				5
Payment for purchase of non-controlling interests of a subsidiary			0				260
Payment for other financing activities
Sub-total of cash outflows from financing activities			127,710				110,836
Net cash flows from financing activities			-4,386				12,119
IV. Effect of changes in exchange rate on cash and cash equivalents			-4				-8
V. Net increase in cash and cash equivalents			-3,440				14,538
Add: Cash and cash equivalents at the beginning of the period			25,419				1,849
VI. Cash and cash equivalents at the end of the period			21,979				16,387

Responsible person of the Company:		Responsible person of the accounting of the Company:		Responsible person of the accounting department:
Ma Xu Lun		Han Wen Sheng		Yao Yong

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(III)

Adjustment to relevant items of the financial statements at the beginning of the first adoption year due to the first adoption of new leasing standards in 2021

☐ Applicable ☑ Not applicable

	By order of the Board
	China Southern Airlines Company Limited Xie Bing
	Company Secretary

Guangzhou, the People's Republic of China

29 October 2021

As at the date of this announcement, the Directors include Ma Xu Lun and Han Wen Sheng as executive Directors; and Liu Chang Le, Gu Hui Zhong, Guo Wei and Yan Andrew Y as independent non-executive Directors.

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