GUANGZHOU, China, March 24, 2017 /PRNewswire/ -- China Southern
Airlines Company Limited ("ZNH" or the "Company") (NYSE: ZNH) has
noted from recent media coverage (the "News") which reported that,
inter alia, the Company is in discussion with a third party on the
strategic cooperation. In response to the News, the Company, having
made due enquiries, wishes to clarify as follows:
As at the date of this press release, the Company is in the
negotiation of a possible major strategic cooperation ("Possible
Transaction") with a third party. The Company wishes to emphasize
that the Possible Transaction is subject to internal approvals by
the board of directors and shareholders (if applicable) of each
party, the approvals by the relevant governmental authorities (if
applicable), and the entering into of certain final legally binding
documents by the relevant parties thereto and the terms thereof. As
of the date of this press release, the Company does not have any
binding arrangement or definitive agreement in relation to the
Possible Transaction. The Possible
Transaction may or may not proceed.
The Company will fulfill its obligations of information
disclosure in a timely manner and will make further announcement
under the applicable laws and regulations as and when necessary.
Shareholders and potential investors of the Company are reminded to
exercise caution when dealing in the securities of the Company.
About China Southern Airlines Company Limited
China Southern Airlines Company Limited (NYSE: ZNH)
provides commercial airline services throughout Mainland China,
Hong Kong, Macau and Taiwan regions, Southeast Asia and other parts of the
world.
For more information about the Company, please visit
http://www.csair.com/kr/en/.
To be added to the Company's email list to receive Company news,
please send your request to ir@csair.com.
Safe Harbor and Informational Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "if," "will," "expect," and
similar statements. Forward-looking statements involve inherent
risks, uncertainties and assumptions. Further information regarding
these and other risks is included in the Company's filings with the
U.S. Securities and Exchange Commission. These forward-looking
statements reflect the Company's expectations as of the date of
this press release. You should not rely upon these forward-looking
statements as predictions of future events. The Company does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
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SOURCE China Southern Airlines