Massive New Baiyun International Airport More than 60% Completed

China Southern Airlines (NYSE: ZNH) (HKSE: 1055), the largest airline in The People's Republic of China is pleased to announce that construction of the new Baiyun International Airport is right on schedule and more than 60% completed.

China Southern Airlines will be the #1 airline "tenant" when the new Baiyun International Airport opens in October 2003.

Concrete for both runways have been laid and construction is moving at a fevered 24-hour, seven-day-a-week pace with more than 35,000 skilled workers and engineers on hand. Major construction projects currently underway includes the 45,000 square meter central ticket area - within the main terminal complex. Also under major construction is the new five-story Nanland Catering Center; five-story China Southern Airlines Cargo Center, engineering buildings and GAMECO aircraft maintenance facilities.

Already completed and open for use is a brand-new three lane freeway linking the new airport and the center of Guangzhou some 22 kilometers away. The high-speed extension of Guangzhou's subway line - connecting the airport to Guangzhou City - is slated to be completed in May 2004.

The largest airline in The People's Republic of China for the past 23 years, China Southern Airlines 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, Fukuoka, Hanoi, Ho Chi Minh City, Islamabad, Kuala Lumpur, Jakarta, Los Angeles, Manila, Melbourne, Moscow, Osaka, Penang, Phnom Penh, Seoul, Singapore, Sydney and Tokyo.