China Southern parent pledges no share reduction; Q1 earnings set

China Southern Airlines (SSE:600029) announced that its controlling shareholder, China Southern Airlines Group, has voluntarily committed to not reduce its holdings of the company's shares for 18 months, starting April 22, 2025. This commitment reflects confidence in the future of China's aviation sector and the inherent investment value of China Southern, and this commitment excludes shares already subject to lock-up agreements related to refinancing. The Group collectively holds 66.52% of China Southern's shares. The board of directors believes the controlling shareholder's action will facilitate the company's continued stable and healthy growth and benefit all shareholders, especially small and medium investors. China Southern Airlines will hold a performance briefing on April 30, 2025, to discuss its 2025 first-quarter results. The company will present its first quarter report and the company's business performance during the meeting, and is committed to prompt responses to investor inquiries. China Southern Airlines also released its annual report of 2024 in which is reports earnings of 25 (millions of RMB) and sets forth strategic initiatives and performance metrics for the year.