On October 28, according to the resolution announcement of the 29th meeting of the 4th board of directors disclosed by Sinotrans, the company's board of directors reviewed and passed the relevant bill and agreed that the company would acquire 5% of the shares of China Southern Airlines Logistics Co., Ltd. held by an independent third party through an agreed transfer, at a consideration of 1,040 billion yuan.

On October 28, according to the resolution announcement of the 29th meeting of the 4th board of directors disclosed by Sinotrans, the company's board of directors reviewed and passed the relevant bill and agreed that the company would acquire 5% of the shares of China Southern Airlines Logistics Co., Ltd. held by an independent third party through an agreed transfer, at a consideration of 1,040 billion yuan.