Summary by Moomoo AI
China Southern Airlines Co., Ltd. (abbreviated as “Southern Airlines”) announced on 29 April 2024 the Action Plan “Increase Efficiency and Return” for 2024. The plan aims to improve the quality of the company's operations, enhance returns to investors, and was approved at the 20th meeting of the 9th Board of Directors on the same day. Southern Airlines plans to enhance core market competitiveness by strengthening core infrastructure, promoting customer operating systems, perfecting product systems, deepening ecosystem building, enhancing cargo competitiveness and enhancing digital transformation. The company will also accelerate the development of new productivity, open up strategic emerging industries and strengthen investor communication to improve transparency. In addition, Southern Airlines will continuously improve its corporate governance and strictly comply with disclosure obligations to protect investors' right to information. THE COMPANY EMPHASIZES THAT THE COMPANY'S PLANNING, DEVELOPMENT STRATEGY, ETC. INVOLVED IN THIS REPORT ARE FORWARD-LOOKING STATEMENTS AND ARE NOT MATERIAL COMMITMENTS TO INVESTORS.