Bank of China To Offer Free Membership To China Southern Airlines' Sky Pearl Club; 600,000 BOC Members in Asia; Fastest Growing FFP in China.

Business and Travel Editors

HONG KONG--(BUSINESS WIRE)--Dec. 23, 1999

China Southern Airlines (NYSE: ZNH) (HKSE:1055), the largest airline in The People's Republic of China, announced that the Bank of China (BOC) Credit Card (International) Ltd. (HK) will invite its 600,000 credit card members to join China Southern Airlines' Sky Pearl Club.

Bank of China card members who join China Southern Airlines' Sky Pearl Club, the fastest-growing frequent flier airline program in China, may exchange their credit card points into kilometers. Every eight credit card points will equal 1 kilometer of Sky Pearl Club mileage.

The new cooperation with The Bank of China will greatly increase the awareness and attraction of the Sky Pearl Club's benefits and China Southern Airlines' service advantages to a vast business and leisure community in Hong Kong and throughout Asia.

Created in November 1998, China Southern Airlines' Sky Pearl Club will end 1999 with more than 100,000 members, making it the fastest-growing frequent flier airline loyalty program in Asia.

Ranked No. 1 in passengers carried in China for the past 20 years, China Southern Airlines (http://www.cs-air.com/en) connects more than 80 cities around the globe. Major business and vacation destinations served in China include Hong Kong, Shanghai, Beijing, Guangzhou, Guilin and Kunming as well as international service, including Amsterdam, Bangkok, Ho Chi Minh City, Kuala Lumpur, Los Angeles, Osaka and Singapore.