China Southern Airlines to circulate restricted shares from 2022 offering

China Southern Airlines announced that 803,571,428 restricted A-shares from its 2022 non-public offering will become unrestricted and eligible for public trading on November 24, 2025. These shares, constituting 4.43% of the company's total share capital, were subscribed by China Southern Air Holding Company Limited, the company's controlling shareholder. They were subject to a 36-month lock-up period following their issuance on November 23, 2022.

The non-public offering received approval from the China Securities Regulatory Commission on October 8, 2022, and the shares were registered on November 23, 2022. The release of these restricted shares will increase the total number of unrestricted A-shares to 13,476,923,269 and the total outstanding shares to 18,120,920,577. This follows previous share capital adjustments, including the conversion of 160.00 billion yuan in convertible bonds issued in October 2020, which added 1,619,194,295 shares by October 31, 2025.

China International Capital Corporation Limited, as the sponsor institution, confirmed that the controlling shareholder has strictly adhered to the lock-up commitments and that the listing and circulation of these restricted shares comply with relevant laws and regulations. The sponsor found no outstanding financial occupation issues by the controlling shareholder or related parties.