China Southern Airlines Company Limited (SHSE:600029) signed a non-public agreement transfer agreement to acquire 29% stake in Guangzhou Baiyun International Logistics Co., Ltd. from Guangzhou Baiyun International Airport Co., Ltd. (SHSE:600004) for approximately CNY 210 million on December 27, 2019. As of December 31, 2018, Guangzhou Baiyun International Logistics Co., Ltd. reported total assets of CNY 858.1 million and owners' equity of CNY 248 million. For the year ending December 31, 2018, Guangzhou Baiyun International Logistics Co., Ltd. reported operating revenues of CNY 419.3 million and net income of CNY 24.3 million. The transaction still needs to be approved or filed by Guangdong State-owned Assets Supervision and Administration Commission. This transaction does not need to be submitted to the shareholders' general meeting of Guangzhou Baiyun International Airport for review. This transaction has been deliberated and approved at the 21st (interim) meeting of the sixth board of directors of Guangzhou Baiyun International Airport Co., Ltd. As of December 31, 2019, the transaction received State Council's State-owned Assets Supervision and Administration Commission of the People's Government of Guangdong Province approval.

China Southern Airlines Company Limited (SHSE:600029) cancelled the acquisition of 29% stake in Guangzhou Baiyun International Logistics Co., Ltd. from Guangzhou Baiyun International Airport Co., Ltd. (SHSE:600004) on December 27, 2020.