China Southern Airlines Given Full Membership To World Economic Forum; China's Largest Airline Joins Global Union As A Foundation Member.

Business Editors

GENEVA, Switzerland--(BUSINESS WIRE)--July 11, 2000

China Southern Airlines (NYSE: ZNH) (HKSE: 1055), the largest airline in The People's Republic of China, has been invited by the Executive Board of the World Economic Forum, www.weforum.com, to join the global organization as a Foundation Member.

As a new member of the World Economic Forum, China Southern Airlines joins an elite group of 1,000 of the world's foremost global enterprises and is the only Chinese airline to be invited to this prestigious organization.

In making the announcement, China Southern Airlines President Yan Zhi Qin said, "this official membership is not only a major recognition and testament to the more than 15,000 dedicated employees of China Southern Airlines but a great honor extended to The People's Republic of China to have the largest airline of China as a member of the progressive and prestigious global organization."

Characteristics of World Economic Forum Foundation Members include:

-- Their rank among the top companies within their industry and/or

country (generally based on turnover in millions of US dollars;

for financial institutions the criteria is based on assets);

-- The global dimension of their activities;

-- A leading role in shaping the future of their industry and/or

region;

-- Healthy organizations - respected, growing and of high

reputation.

Earlier this year, China Southern Airlines was honored by the World Economic Forum in Davos, Switzerland, as one of the 100 leading companies from the emerging markets and only Chinese airline to be so recognized from The People's Republic of China.

China Southern Airlines is regarded as having one of the most aggressive and market-savvy airline management teams in the aviation industry. The World Economic Forum is a not-for-profit foundation committed to improving the state of the world through fostering entrepreneurship in the global public interest.

Ranked No. 1 in passengers carried in China for the past 21 years, China Southern Airlines (www.cs-air.com/en) connects more than 80 cities around the globe. Major business and vacation destinations served in China include: Beijing, Chengdu, Guangzhou, Guilin, Hong Kong, Kunming, Shanghai, Shenzhen and Wuhan and as well as international service, including: Amsterdam, Bangkok, Hanoi, Ho Chi Minh City, Kuala Lumpur, Jakarta, Los Angeles, Osaka, Penang, Phnom Penh, Seoul and Singapore.