-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IVvlIPVFjePtkXHNVoNXFzBWpH+Ud1zYtCIKIy/4zfKnJ47RrWNtnXzoBsSJuzqz 1ErKZgwqzl2wuRcF826uIA== 0000769993-99-000346.txt : 19990426 0000769993-99-000346.hdr.sgml : 19990426 ACCESSION NUMBER: 0000769993-99-000346 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990423 GROUP MEMBERS: BRIDGE STREET FUND 1997, L.P. GROUP MEMBERS: CIN MANAGEMENT GROUP MEMBERS: GOLDMAN SACHS GROUP LP GROUP MEMBERS: GOLDMAN SACHS INTERNATIONAL GROUP MEMBERS: GOLDMAN, SACHS & CO. GROUP MEMBERS: GS ADVISORS (CAYMAN), L.P. GROUP MEMBERS: GS ADVISORS, L.P. GROUP MEMBERS: GS CAPITAL PARTNERS (ASIA), L.P. GROUP MEMBERS: GS CAPITAL PARTNERS OFFSHORE (ASIA), L.P. GROUP MEMBERS: GS CAPITAL PARTNERS, L.P. GROUP MEMBERS: STONE STREET ASSET CORP. GROUP MEMBERS: STONE STREET FUND 1997, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHINA SOUTHERN AIRLINES CO LTD CENTRAL INDEX KEY: 0001041668 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-56189 FILM NUMBER: 99600098 BUSINESS ADDRESS: STREET 1: BALYUN INTERNATIONAL AIRPORT STREET 2: GUANGZHOU CITY: PEOPLES REPUBLIC OF STATE: F5 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS GROUP LP CENTRAL INDEX KEY: 0000904571 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133501777 STATE OF INCORPORATION: NY FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2129021000 MAIL ADDRESS: STREET 1: 85 BROAD STREET CITY: NEW YORK STATE: NY ZIP: 10004 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 China Southern Airlines Company Limited - ------------------------------------------------------------------------------- (Name of Issuer) Ordinary H Shares, RMB1.00 par value - ------------------------------------------------------------------------------- (Title of Class of Securities) 169409109 -------------------------------------------- (CUSIP Number) April 12, 1999 - ------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [X] Rule 13d-1(c) [_] Rule 13d-1(d) Page 1 of 32 pages - ----------------------- CUSIP No. 169409109 13G - ----------------------- - ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person Goldman, Sachs & Co. - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization New York - ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 61,413,500 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 61,413,500 - ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 61,413,500 - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 5.2% - ------------------------------------------------------------------------------ 12. Type of Reporting Person BD-PN-IA - ------------------------------------------------------------------------------ Page 2 of 32 pages - ----------------------- CUSIP No. 169409109 13G - ----------------------- - ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person The Goldman Sachs Group, L.P. - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 61,414,500 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 61,414,500 - ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 61,414,500 - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 5.2% - ------------------------------------------------------------------------------ 12. Type of Reporting Person HC-PN - ------------------------------------------------------------------------------ Page 3 of 32 pages - ----------------------- CUSIP No. 169409109 13G - ----------------------- - ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person GS Capital Partners, L.P. - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 8,261,640 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 8,261,640 - ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 8,261,640 - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 0.7% - ------------------------------------------------------------------------------ 12. Type of Reporting Person PN - ------------------------------------------------------------------------------ Page 4 of 32 pages - ----------------------- CUSIP No. 169409109 13G - ----------------------- - ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person GS Capital Partners (Asia), L.P. - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 28,346,597 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 28,346,597 - ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 28,346,597 - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 2.4% - ------------------------------------------------------------------------------ 12. Type of Reporting Person PN - ------------------------------------------------------------------------------ Page 5 of 32 pages - ----------------------- CUSIP No. 169409109 13G - ----------------------- - ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person GS Capital Partners Offshore (Asia), L.P. - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Cayman Islands - ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 4,699,963 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 4,699,963 - ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,699,963 - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 0.4% - ------------------------------------------------------------------------------ 12. Type of Reporting Person PN - ------------------------------------------------------------------------------ Page 6 of 32 pages - ----------------------- CUSIP No. 169409109 13G - ----------------------- - ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person GS Advisors, L.P. - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 36,608,237 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 36,608,237 - ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 36,608,237 - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 3.1% - ------------------------------------------------------------------------------ 12. Type of Reporting Person PN - ------------------------------------------------------------------------------ Page 7 of 32 pages - ----------------------- CUSIP No. 169409109 13G - ----------------------- - ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person GS Advisors (Cayman), L.P. - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Cayman Islands - ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 4,699,963 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 4,699,963 - ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,699,963 - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 0.4% - ------------------------------------------------------------------------------ 12. Type of Reporting Person PN - ------------------------------------------------------------------------------ Page 8 of 32 pages - ----------------------- CUSIP No. 169409109 13G - ----------------------- - ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person Stone Street Fund 1997, L.P. - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 3,089,624 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 3,089,624 - ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,089,624 - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 0.3% - ------------------------------------------------------------------------------ 12. Type of Reporting Person PN - ------------------------------------------------------------------------------ Page 9 of 32 pages - ----------------------- CUSIP No. 169409109 13G - ----------------------- - ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person Bridge Street Fund 1997, L.P. - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 1,500,176 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 1,500,176 - ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,500,176 - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 0.1% - ------------------------------------------------------------------------------ 12. Type of Reporting Person PN - ------------------------------------------------------------------------------ Page 10 of 32 pages - ----------------------- CUSIP No. 169409109 13G - ----------------------- - ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person Stone Street Asset Corp. - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 4,589,800 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 4,589,800 - ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,589,800 - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 0.4% - ------------------------------------------------------------------------------ 12. Type of Reporting Person CO - ------------------------------------------------------------------------------ Page 11 of 32 pages - ----------------------- CUSIP No. 169409109 13G - ----------------------- - ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person Goldman Sachs International - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization United Kingdom - ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 1,000 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 1,000 - ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,000 - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 0.0% - ------------------------------------------------------------------------------ 12. Type of Reporting Person OO - ------------------------------------------------------------------------------ Page 12 of 32 pages - ----------------------- CUSIP No. 169409109 13G - ----------------------- - ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person CIN Management - ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] - ------------------------------------------------------------------------------ 3. SEC Use Only - ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization United Kingdom - ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 12,108,000 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 12,108,000 - ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 12,108,000 - ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] - ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 1.0% - ------------------------------------------------------------------------------ 12. Type of Reporting Person OO - ------------------------------------------------------------------------------ Page 13 of 32 pages Item 1(a). Name of Issuer: China Southern Airlines Company Limited Item 1(b). Address of Issuer's Principal Executive Offices: Raiyun International Airport Guangzhou People's Republic of China Item 2(a). Name of Persons Filing: Goldman, Sachs & Co., The Goldman Sachs Group, L.P., GS Capital Partners, L.P., GS Capital Partners (Asia), L.P., GS Capital Partners Offshore (Asia), L.P., GS Advisors, L.P., GS Advisors (Cayman), L.P., Stone Street Fund 1997, L.P., Bridge Street Fund 1997, L.P., Stone Street Asset Corp., Goldman Sachs International and CIN Management Item 2(b). Address of Principal Business Office or, if none, Residence: Goldman, Sachs & Co., The Goldman Sachs Group, L.P., GS Capital Partners, L.P., GS Capital Partners (Asia), L.P., GS Advisors, L.P., Stone Street Fund 1997, L.P., Bridge Street Fund 1997, L.P. and Stone Street Asset Corp. 85 Broad Street, New York, NY 10004 GS Capital Partners Offshore (Asia), L.P. and GS Advisors (Cayman), L.P. c/o Maples and Calder, P.O. Box 309, Grand Cayman, Cayman Islands Goldman Sachs International and CIN Management 133 Fleet Street London EC4A 2BB, England Item 2(c). Citizenship: Goldman, Sachs & Co. - New York The Goldman Sachs Group, L.P. - Delaware GS Capital Partners, L.P. - Delaware GS Capital Partners (Asia), L.P. - Delaware GS Capital Partners Offshore (Asia), L.P. - Cayman Islands GS Advisors, L.P. - Delaware GS Advisors (Cayman), L.P. - Cayman Islands Stone Street Fund 1997, L.P. - Delaware Bridge Street Fund 1997, L.P. - Delaware Stone Street Asset Corp. - Delaware Goldman Sachs International - United Kingdom CIN Management - United Kingdom Item 2(d). Title of Class of Securities: Ordinary H Shares, RMB1.00 par value Item 2(e). CUSIP Number: 169409109 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a : (a).[_] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b).[_] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c).[_] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d).[_] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e).[_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); Page 14 of 32 pages (f).[_] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g).[_] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h).[_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i).[_] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j).[_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box [X]. Item 4. Ownership.* (a). Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s). (b). Percent of Class: See the response(s) to Item 11 on the attached cover page(s). (c). Number of shares as to which such person has: (i). Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s). (ii). Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s). (iii). Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s). (iv). Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s). Item 5. Ownership of Five Percent or Less of a Class. Not Applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. See Exhibit (99.2) Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable - -------------------------- * The Goldman Sachs Group, L.P. ("GS Group"), Goldman, Sachs & Co. ("Goldman Sachs") and CIN Management ("CINMan") each disclaim beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which Goldman Sachs, CINMan, or employees thereof have voting or investment discretion, or both and (ii) certain investment entities, of which a subsidiary of GS Group or Goldman Sachs is the general partner, managing general partner or other manager, to the extent interests in such entities are held by persons other than GS Group, Goldman Sachs or their affiliates. Page 15 of 32 pages Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 16 of 32 pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: April 22, 1999 GOLDMAN, SACHS & CO. THE GOLDMAN SACHS GROUP, L.P By:/s/ Hans L. Reich By:/s/ Hans L. Reich - --------------------------------- --------------------------------- Name: Hans L. Reich Name: Hans L. Reich Title: Attorney-in-fact Title: Attorney-in-fact GS CAPITAL PARTNERS, L.P. GS ADVISORS, L.P. By:/s/ Hans L. Reich By:/s/ Hans L. Reich - --------------------------------- --------------------------------- Name: Hans L. Reich Name: Hans L. Reich Title: Attorney-in-fact Title: Attorney-in-fact GS CAPITAL PARTNERS (ASIA), L.P. GS ADVISORS (CAYMAN), L.P. By:/s/ Hans L. Reich By:/s/ Hans L. Reich - --------------------------------- --------------------------------- Name: Hans L. Reich Name: Hans L. Reich Title: Attorney-in-fact Title: Attorney-in-fact STONE STREET FUND 1997, L.P. BRIDGE STREET FUND 1997, L.P. By:/s/ Hans L. Reich By:/s/ Hans L. Reich - --------------------------------- --------------------------------- Name: Hans L. Reich Name: Hans L. Reich Title: Attorney-in-fact Title: Attorney-in-fact STONE STREET ASSET CORP. GS CAPITAL PARTNERS OFFSHORE (ASIA), L.P. By:/s/ Hans L. Reich By:/s/ Hans L. Reich - --------------------------------- --------------------------------- Name: Hans L. Reich Name: Hans L. Reich Title: Attorney-in-fact Title: Attorney-in-fact CIN MANAGEMENT GOLDMAN SACHS INTERNATIONAL By:/s/ Hans L. Reich By:/s/ Hans L. Reich - --------------------------------- --------------------------------- Name: Hans L. Reich Name: Hans L. Reich Title: Attorney-in-fact Title: Attorney-in-fact Page 17 of 32 pages INDEX TO EXHIBITS Exhibit No. Exhibit - ----------- ------- 99.1 Joint Filing Agreement, dated April 22, 1999, between Goldman, Sachs & Co., The Goldman Sachs Group, L.P., GS Capital Partners, L.P., GS Capital Partners (Asia), L.P., GS Capital Partners Offshore (Asia), L.P., GS Advisors, L.P., GS Advisors (Cayman), L.P., Stone Street Fund 1997, L.P., Bridge Street Fund 1997, L.P., Stone Street Asset Corp., Goldman Sachs International and CIN Management 99.2 Item 7 Information 99.3 Power of Attorney, dated December 21, 1998, relating to Goldman, Sachs & Co. 99.4 Power of Attorney, dated December 21, 1998, relating to The Goldman Sachs Group, L.P. 99.5 Power of Attorney, dated December 28, 1998, relating to GS Capital Partners, L.P. 99.6 Power of Attorney, dated April 21, 1999, relating to GS Capital Partners (Asia), L.P. 99.7 Power of Attorney, dated April 21, 1999, relating to GS Capital Partners Offshore (Asia), L.P. 99.8 Power of Attorney, dated December 28, 1998, relating to GS Advisors, L.P. 99.9 Power of Attorney, dated April 22, 1999, relating to GS Advisors (Cayman), L.P. 99.10 Power of Attorney, dated December 28, 1998, relating to Stone Street Fund 1997, L.P. 99.11 Power of Attorney, dated December 28, 1998, relating to Bridge Street Fund 1997, L.P. 99.12 Power of Attorney, dated December 21, 1998, relating to Stone Street Asset Corp. 99.13 Power of Attorney, dated April 22, 1999, relating to Goldman Sachs International 99.14 Power of Attorney, dated April 22, 1999, relating to CIN Management Page 18 of 32 pages EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Ordinary H Shares, RMB1.00 par value, of China Southern Airlines Company Limited, and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: April 22, 1999 GOLDMAN, SACHS & CO. THE GOLDMAN SACHS GROUP, L.P By:/s/ Hans L. Reich By:/s/ Hans L. Reich - --------------------------------- --------------------------------- Name: Hans L. Reich Name: Hans L. Reich Title: Attorney-in-fact Title: Attorney-in-fact GS CAPITAL PARTNERS, L.P. GS ADVISORS, L.P. By:/s/ Hans L. Reich By:/s/ Hans L. Reich - --------------------------------- --------------------------------- Name: Hans L. Reich Name: Hans L. Reich Title: Attorney-in-fact Title: Attorney-in-fact GS CAPITAL PARTNERS (ASIA), L.P. GS ADVISORS (CAYMAN), L.P. By:/s/ Hans L. Reich By:/s/ Hans L. Reich - --------------------------------- --------------------------------- Name: Hans L. Reich Name: Hans L. Reich Title: Attorney-in-fact Title: Attorney-in-fact STONE STREET FUND 1997, L.P. BRIDGE STREET FUND 1997, L.P. By:/s/ Hans L. Reich By:/s/ Hans L. Reich - --------------------------------- --------------------------------- Name: Hans L. Reich Name: Hans L. Reich Title: Attorney-in-fact Title: Attorney-in-fact STONE STREET ASSET CORP. GS CAPITAL PARTNERS OFFSHORE (ASIA), L.P. By:/s/ Hans L. Reich By:/s/ Hans L. Reich - --------------------------------- --------------------------------- Name: Hans L. Reich Name: Hans L. Reich Title: Attorney-in-fact Title: Attorney-in-fact CIN MANAGEMENT GOLDMAN SACHS INTERNATIONAL By:/s/ Hans L. Reich By:/s/ Hans L. Reich - --------------------------------- --------------------------------- Name: Hans L. Reich Name: Hans L. Reich Title: Attorney-in-fact Title: Attorney-in-fact Page 19 of 32 pages EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, L.P. ("GS Group"), as a parent holding company, are owned by GS Capital Partners, L.P., GS Capital Partners (Asia), L.P., Stone Street Fund 1997, L.P., or Bridge Street Fund 1997, L.P., each Delaware limited partnership, or are owned by GS Capital Partners Offshore (Asia), L.P., a Cayman Islands exempted limited partnership, (collectively, the "Investing Entities"), or Goldman Sachs International ("GSI"), a United Kingdom unlimited company, or are owned, or may be deemed to be beneficially owned, by CIN Management ("CINMan"), a United Kingdom fund manager, or Goldman, Sachs & Co.("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. The general partner, managing general partner or other manager of each of the Investing Entities is an affiliate of GS Group. Goldman Sachs is the investment manager of certain of the Investing Entities. GSI and CINMan are indirect wholly owned subsidiaries of GS Group. GS Group is a general partner of and owns a 99% interest in Goldman Sachs. Page 20 of 32 pages Exibit (99.3) POWER OF ATTORNEY This power of attorney will expire on December 31, 2000. KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN, SACHS & CO. (the "Company") does hereby make, constitute and appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of December 21, 1998. GOLDMAN, SACHS & CO. By: The Goldman, Sachs & Co. L.L.C. By:/s/ Robert J. Katz - --------------------------------- Name: Robert J. Katz Title: Executive Vice President Page 21 of 32 pages Exibit (99.4) POWER OF ATTORNEY This power of attorney will expire on December 31, 2000. KNOW ALL PERSONS BY THESE PRESENTS that THE GOLDMAN SACHS GROUP, L.P (the "Company") does hereby make, constitute and appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of December 21, 1998. THE GOLDMAN SACHS GROUP, L.P By: The Goldman Sachs Corporation By:/s/ Robert J. Katz - --------------------------------- Name: Robert J. Katz Title: Executive Vice President Page 22 of 32 pages Exibit (99.5) POWER OF ATTORNEY This power of attorney will expire on December 31, 2000. KNOW ALL PERSONS BY THESE PRESENTS that GS CAPITAL PARTNERS, L.P. (the "Company") does hereby make, constitute and appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of December 28, 1998. GS CAPITAL PARTNERS, L.P. By: GS Advisors, L.P. By: GS Advisors, Inc. By:/s/ Kaca B. Enquist - --------------------------------- Name: Kaca B. Enquist Title: Vice President Page 23 of 32 pages Exibit (99.6) POWER OF ATTORNEY This power of attorney will expire on February 31, 2001. KNOW ALL PERSONS BY THESE PRESENTS that GS CAPITAL PARTNERS (ASIA), L.P. (the "Company") does hereby make, constitute and appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 21, 1999. GS CAPITAL PARTNERS (ASIA), L.P. By: GS Advisors, L.P. By: GS Advisors, Inc. By:/s/ Kaca B. Enquist - --------------------------------- Name: Kaca B. Enquist Title: Vice President Page 24 of 32 pages Exibit (99.7) POWER OF ATTORNEY This power of attorney will expire on February 31, 2001. KNOW ALL PERSONS BY THESE PRESENTS that GS CAPITAL PARTNERS OFFSHORE (ASIA), L.P. (the "Company") does hereby make, constitute and appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 21, 1999. GS CAPITAL PARTNERS OFFSHORE (ASIA), L.P. By: GS Advisors (Cayman), L.P. By: GS Advisors, Inc. By:/s/ Kaca B. Enquist - --------------------------------- Name: Kaca B. Enquist Title: Vice President Page 25 of 32 pages Exibit (99.8) POWER OF ATTORNEY This power of attorney will expire on December 31, 2000. KNOW ALL PERSONS BY THESE PRESENTS that GS ADVISORS, L.P. (the "Company") does hereby make, constitute and appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of December 28, 1998. GS ADVISORS, L.P. By: GS Advisors, Inc. By:/s/Kaca B. Enquist - --------------------------- Name: Kaca B. Enquist Title: Vice President Page 26 of 32 pages Exibit (99.9) POWER OF ATTORNEY This power of attorney will expire on February 31, 2001. KNOW ALL PERSONS BY THESE PRESENTS that GS ADVISORS (CAYMAN), L.P. (the "Company") does hereby make, constitute and appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 22, 1999. GS ADVISORS (CAYMAN), L.P. By: GS Advisors, Inc. By:/s/ Richard A. Friedman - --------------------------------- Name: Richard A. Friedman Title: Director Page 27 of 32 pages Exibit (99.10) POWER OF ATTORNEY This power of attorney will expire on December 31, 2000. KNOW ALL PERSONS BY THESE PRESENTS that STONE STREET FUND 1997, L.P. (the "Company") does hereby make, constitute and appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of December 28, 1998. STONE STREET FUND 1997, L.P. By: Stone Street Asset Corp. By:/s/ Kaca B. Enquist - --------------------------------- Name: Kaca B. Enquist Title: Vice President Page 28 of 32 pages Exibit (99.11) POWER OF ATTORNEY This power of attorney will expire on December 31, 2000. KNOW ALL PERSONS BY THESE PRESENTS that BRIDGE STREET FUND 1997, L.P. (the "Company") does hereby make, constitute and appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of December 28, 1998. BRIDGE STREET FUND 1997, L.P. By: Stone Street Asset Corp. By:/s/ Kaca B. Enquist - --------------------------------- Name: Kaca B. Enquist Title: Vice President Page 29 of 32 pages Exibit (99.12) POWER OF ATTORNEY This power of attorney will expire on December 31, 2000. KNOW ALL PERSONS BY THESE PRESENTS that STONE STREET ASSET CORP. (the "Company") does hereby make, constitute and appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of December 21, 1998. STONE STREET ASSET CORP. By:/s/ Kaca B. Enquist - --------------------------------- Name: Kaca B. Enquist Title: Vice President Page 30 of 32 pages Exibit (99.13) POWER OF ATTORNEY This power of attorney will expire on February 31, 2001. KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN SACHS INTERNATIONAL (the "Company") does hereby make, constitute and appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 22, 1999. GOLDMAN SACHS INTERNATIONAL By:/s/ Gregory K. Palm - --------------------------------- Name: Gregory K. Palm Title: Director Page 31 of 32 pages Exibit (99.14) POWER OF ATTORNEY This power of attorney will expire on February 31, 2001. KNOW ALL PERSONS BY THESE PRESENTS that CIN MANAGEMENT (the "Company") does hereby make, constitute and appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 22, 1999. CIN MANAGEMENT By:/s/ David B. Ford - --------------------------------- Name: David B. Ford Title: Director Page 32 of 32 pages
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