Core Viewpoint - The Consul General Chen Shijie conducted visits to various Chinese institutions and companies in New Zealand, emphasizing the importance of safety, compliance, and social responsibility in business operations [1] Group 1: Visits and Engagements - The Consul General visited the Auckland Chinese Cultural Center, several Chinese banks (ICBC, China Construction Bank, Bank of China), and airlines (Air China, China Southern Airlines) [1] - Meetings were held with representatives and employees to exchange New Year greetings and discuss operational practices [1] Group 2: Business Operations and Responsibilities - Companies are urged to maintain safety in production and operate in accordance with laws and regulations [1] - There is a strong emphasis on protecting employees' legal rights and fulfilling social responsibilities [1] - The goal is to contribute to the deepening of the comprehensive strategic partnership between China and New Zealand [1]

（在中華人民共和國註冊成立的股份有限公司） （股份代號：1055） 附註： 1. 請填上以 閣下名義登記與本代理人委任表格有關之本公司股份數目。如未有填上數目，則本代理人委任表格將被視為與所有以 閣下名義登記之本公司股份有 關。 附件甲 與本代理人委任表格 有關之H股數目 1 臨時股東會代理人委任表格 本人╱吾等 2 : 地址為 持有本公司普通股 股 3 ， 現委任 4 地址為： 作為本人╱吾等的代理人，代表本人╱吾等出席中國南方航空股份有限公司（「本公司」或「公司」）在2026年3月2日（星期一）下午2時30分 假座中國廣東省廣州市白雲區齊心路68號中國南方航空大廈33樓3301會議室舉行的2026年第一次臨時股東會（「臨時股東會」），並於該臨時 股東會代表本人╱吾等，依照本人╱吾等下列的指示就下列決議案投票 5 。 普通決議案 贊成 5 反對 5 棄權 5 1. 關於聘任公司2026年度外部審計師並決定其酬金的議案 以累積投票制表決的普通決議案 6 2.00 關於選舉公司第十屆董事會執行董事的議案 累積投票（請填寫投票的股份數） 6 2.01 關於選舉蔡治洲先生為公司第十屆董事會執行董事的議案 簽署 7 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本通告全部或任何部份內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：1055） 臨時股東會通告 茲通告中國南方航空股份有限公司（「本公司」或「公司」）將於2026年3月2日（星 期一）下午2時30分假座中國廣東省廣州市白雲區齊心路68號中國南方航空大廈33樓 3301會議室舉行2026年第一次臨時股東會（「臨時股東會」），藉以審議及酌情批准下列 決議案。除另有指明外，本通告所用詞彙與本公司日期為2026年2月6日之通函（「通 函」）所界定者具有相同涵義： 普通決議案 委任信永中和會計師事務所（特殊普通合夥）為本公司二零二六年度國內審 計師和內部控制審計師，及信永中和（香港）會計師事務所有限公司為本公 司二零二六年度國際審計師； （第2.00項決議案的所有子決議案將採用「累積投票制」進行表決。有關詳情請參 閱附註4。） 承董事會命 中國南方航空股份有限公司 聯席公司秘書 陳威華及劉巍 中華人民共和國，廣州 2026年 ...

此乃要件 請即處理 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不會就本通函全部或任何部份內容而產生或因倚賴該等內容而引致之任何 損失承擔任何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：1055） 閣下對本通函任何方面如有任何疑問，應諮詢 閣下之股票經紀或其他註冊證券交易商、銀行經理、律 師、專業會計師或其他專業顧問。 閣下如已將名下全部之中國南方航空股份有限公司股份售出或轉讓，應立即將本通函交予買主或承讓人或 經手買賣之銀行、股票經紀或其他代理商，以便轉交買主或承讓人。 (1) 建議變更審計師 (2) 建議委任董事 及 (3) 臨時股東會通告 本公司將於2026年3月2日（星期一）下午二時三十分假座中國廣東省廣州市白雲區齊心路68號中國南方航 空大廈33樓3301會議室舉行臨時股東會。隨函寄發臨時股東會通告、臨時股東會適用之代表委任表格， 亦刊載於聯交所網站（ http://www.hkexnews.hk ）及本公司網站（ http://www.csair.com ）。 倘若 閣下未能出席臨時股東會及╱或於會上 ...

证券代码：600029 证券简称：南方航空 公告编号：2026-008 中国南方航空股份有限公司 关于召开2026年第一次临时股东会的通知 召开的日期时间：2026 年 3 月 2 日 14 点 30 分 召开地点：中国广东省广州市白云区齐心路 68 号中国南方航空大厦 33 楼 股东会召开日期：2026年3月2日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 3301 会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 3 月 2 日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一) 股东会类型和届次 中国南方航空股份有限公司（以下简称"公司""本公司"）2026年第一次临时股 东会 至2026 年 3 月 2 日 采用上海证券交 ...

2026 年第一次临时股东会 中国南方航空股份有限公司 CHINA SOUTHERN AIRLINES CO., LTD. 2026 年第一次临时股东会 会议资料 2026 年 2 月 5 日 1 | 一、会议须知··········································3 | | --- | | 二、会议议程··········································5 | | 三、会议议案··········································6 | | 四、附件··········································8 | 2026 年第一次临时股东会 中国南方航空股份有限公司 2026 年第一次临时股东会会议须知 为确保中国南方航空股份有限公司（以下简称"本公司""公 司"）股东在公司 2026 年第一次临时股东会（以下简称"临时 股东会"）期间依法行使股东权利，保证临时股东会的会议秩序 和议事效率，依据中国证券监督管理委员会《上市公司股东会规 则》及《中国南方航空股份有限公司章程》（以下简称"《 ...

Group 1: Real Estate Industry Insights - The report analyzes the real estate cycle in the UK, highlighting a significant decline in transaction volumes and prices post-2007 crisis, with second-hand home transactions dropping for 23 months by 64% and new home transactions falling for 54 months by 59% [1][5] - Currently, second-hand transaction volumes have recovered to 66% of their peak, while new home transactions are at 45% of their peak. House prices have increased to 1.55 times the pre-crisis peak after 83 months of recovery [1][5] - The report notes that the UK real estate market has been influenced by quantitative easing (QE) and stamp duty adjustments, with the latter having a more significant impact on market fluctuations [6] Group 2: Transportation Sector - China Southern Airlines - China Southern Airlines is projected to achieve a net profit of RMB 8 billion to RMB 10 billion for the year 2025, with a loss in Q4 2025 expected to be between RMB 13.07 billion and RMB 15.07 billion, indicating a reduction in losses compared to Q4 2024 [10][11] - The airline's operational metrics show steady improvement, with available seat kilometers (ASK) and revenue passenger kilometers (RPK) increasing by 6.57% and 8.28% respectively in 2025, and a slight rise in passenger load factor to 85.74% [10][11] - The long-term demand for civil aviation in China is viewed positively, supported by the airline's strategic route planning, leading to a maintained "overweight" rating for the stock [10][11] Group 3: Fixed Income Market Analysis - The report indicates that convertible bond valuations are becoming increasingly bubble-like, with lower cost-effectiveness for investors. However, the long-term bullish trend in equities remains intact, suggesting potential upward movement in convertible bond valuations [14] - The report emphasizes the importance of focusing on sectors with sustained growth and high earnings realization, particularly in AI technology and commodities, while advising caution regarding high-risk convertible bonds [14][16] - In January, the convertible bond market saw a slight increase in issuance, with a total of 57.8 billion RMB in new bonds, reflecting a mixed demand from various investor types [16]

Investment Rating - The report maintains an "Overweight" rating for the transportation industry [7] Core Views - The report highlights three main investment themes for February: aviation, oil shipping, and road transportation, driven by the Spring Festival travel peak and geopolitical factors [1][2][3] - The aviation sector is expected to benefit from improved supply-demand dynamics, with a focus on major airlines [1][2] - Oil shipping is anticipated to see price increases due to geopolitical tensions affecting supply [1][3] - The road transportation sector is viewed as a stable dividend asset amid market volatility, with specific recommendations for certain stocks [1][5] Aviation - The passenger load factor for 2025 is projected to rise to 85.1%, with ticket prices showing a mixed trend [2][14] - The Spring Festival is expected to catalyze stock price movements, with a forecast of 95 million passengers during the travel period, a 5.3% increase year-on-year [16][28] - The report notes that fuel price increases are manageable, as fuel surcharges can cover most cost increases [20][21] Oil Shipping - In January, oil shipping rates continued to strengthen due to increased demand from geopolitical tensions in Venezuela and Iran [3][34] - The report indicates that oil shipping rates are expected to rise further post-Spring Festival, despite a potential short-term dip during the holiday season [34][36] Logistics - The express delivery sector is experiencing a slowdown in volume growth, while prices remain stable [4] - There are signs of recovery in the hazardous materials logistics sector, driven by improved supply-demand dynamics in the upstream chemical industry [4] Road Transportation - The road transportation sector is characterized by high demand for both passenger and freight services, with a notable increase in short-distance travel during the Spring Festival [5][28] - The report recommends specific stocks in the road sector, highlighting their potential for stable returns amid market fluctuations [1][5] Airport Operations - The report emphasizes the steady growth in passenger throughput at listed airports, with international routes contributing significantly to this growth [28] - It also notes that new capacity coming online may impact profitability, particularly for airports undergoing capital expenditure cycles [28][33]

Group 1 - The aviation and airport sector experienced a significant increase of 5.9% on February 4, with Huaxia Airlines leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] - Key stocks in the aviation sector showed notable price increases, with Huaxia Airlines rising by 10.02% to a closing price of 11.53, and China Eastern Airlines increasing by 9.98% to 6.28 [1] Group 2 - The net inflow of main funds in the aviation and airport sector was 796 million yuan, while retail funds saw a net outflow of 396 million yuan [1] - Major stocks like Hainan Airlines and China Eastern Airlines had varying levels of net fund inflow and outflow, with Hainan Airlines seeing a net inflow of 336 million yuan from main funds [2] - Retail investors showed a negative trend, with significant outflows from stocks such as China Eastern Airlines and China Southern Airlines, indicating a cautious sentiment among smaller investors [2]

Group 1 - The core viewpoint is that the extension of the Spring Festival holiday in 2026 will continue to support strong demand for family visits and travel [2] - The 2024 Spring Festival holiday will be adjusted to 8 days, extending by 1 day compared to 2023, and encouraging time off from New Year's Eve [2] - The 2025 Spring Festival holiday will increase by 1 day, optimizing the adjustment principles, and the significant "拼假" effect will be evident [2] Group 2 - The expected cross-regional personnel flow during the 2026 Spring Festival is projected to reach 9.5 billion, a year-on-year increase of approximately 5.3%, setting a new historical high [3] - The railway is expected to send 539 million passengers, a 5.0% increase year-on-year, with passenger capacity also increasing by 5.3% [3] - The civil aviation sector anticipates a passenger transport volume of 95 million, a year-on-year growth of 5.3%, with Southern Airlines and Eastern Airlines expecting daily flight increases of 4.2% and 3.6% respectively [3] Group 3 - The 2026 Spring Festival travel demand is expected to be strong, with a gradual increase in passenger flow and ticket prices maintaining year-on-year growth [4] - The pre-holiday week will see a mix of business and travel passengers, with a confirmed peak in passenger flow before the holiday [4] - The average domestic ticket price is expected to continue rising, supported by high passenger load factors and market-driven pricing [4] Group 4 - The Chinese aviation industry is anticipated to enter a "super cycle," driven by market-driven pricing and a recovery in demand and passenger structure [5] - The long-term logic will provide dual space for performance valuation, with continuous positive feedback from fundamentals and seasonal performance catalyzing market optimism [5] - Recommendations include increasing holdings in major airlines such as Air China, Juneyao Airlines, China Eastern Airlines, China Southern Airlines, and Spring Airlines [5]