. . . EXHIBIT 8 SUBSIDIARIES OF THE COMPANY The particulars of the Company's principal subsidiaries as of December 31, 2003 are as follows: - ----------------------------------------------------------------------------------------------------------------- NAME OF COMPANY PLACE AND DATE OF ESTABLISHMENT/ OPERATION - ----------------------------------------------------------------------------------------------------------------- China Southern Airlines (Group) PRC Zhuhai Helicopter Company Limited (a) August 31, 1983 - ----------------------------------------------------------------------------------------------------------------- Guangxi Airlines PRC Company Limited (a) April 28, 1994 - ----------------------------------------------------------------------------------------------------------------- China Southern Airlines (Group) Shantou PRC Airlines Company Limited (a) July 20, 1993 - ----------------------------------------------------------------------------------------------------------------- Zhuhai Airlines PRC Company Limited (a) May 8, 1995 - ----------------------------------------------------------------------------------------------------------------- Xiamen Airlines PRC Company Limited (a) August 11, 1984 - ----------------------------------------------------------------------------------------------------------------- Guizhou Airlines PRC Company Limited (a) November 12, 1991 - ----------------------------------------------------------------------------------------------------------------- Guangzhou Nanland Air PRC Catering Company Limited (b) November 21, 1989 - ----------------------------------------------------------------------------------------------------------------- China Southern West Australian Australia Flying College Pty Limited January 26, 1971 - ----------------------------------------------------------------------------------------------------------------- Guangzhou Baiyun International Logistic Company Ltd PRC July 23, 2002 - ----------------------------------------------------------------------------------------------------------------- Guangzhou Aviation Hotel PRC January 8, 1997 - ----------------------------------------------------------------------------------------------------------------- Southern Airlines Advertising Company PRC March 3, 1994 - ----------------------------------------------------------------------------------------------------------------- Southern China International Aviation & Travel Services Company PRC May 11, 1992 - ----------------------------------------------------------------------------------------------------------------- CZ Flamingo Limited Cayman Islands December 8, 1993 - ----------------------------------------------------------------------------------------------------------------- CZ Skylark Limited Cayman Islands November 17, 1993 - ----------------------------------------------------------------------------------------------------------------- CZ Kapok Limited Cayman Islands October 26, 1993 - ----------------------------------------------------------------------------------------------------------------- E-8-1 - ----------------------------------------------------------------------------------------------------------------- NAME OF COMPANY PLACE AND DATE OF ESTABLISHMENT/ OPERATION - ----------------------------------------------------------------------------------------------------------------- CSA-I Limited Cayman Islands September 1, 1993 - ----------------------------------------------------------------------------------------------------------------- CZ93B Limited Cayman Islands May 11, 1993 - ----------------------------------------------------------------------------------------------------------------- CZ97A Limited Cayman Islands January 2, 1997 - ----------------------------------------------------------------------------------------------------------------- Zhong Yuan 99A Limited Cayman Islands February 15, 1999 - ----------------------------------------------------------------------------------------------------------------- CXA92A Limited Cayman Islands August 3, 1992 - ----------------------------------------------------------------------------------------------------------------- CXA93A Limited Cayman Islands July 1, 1993 - ----------------------------------------------------------------------------------------------------------------- CXA95B Limited Cayman Islands July 7, 1995 - ----------------------------------------------------------------------------------------------------------------- CXA95C Limited Cayman Islands October 16, 1995 - ----------------------------------------------------------------------------------------------------------------- CXA98A Limited Cayman Islands March 20, 1998 - ----------------------------------------------------------------------------------------------------------------- Xiamen Aviation Property PRC Development Company (a) June 22, 1993 - ----------------------------------------------------------------------------------------------------------------- Xiamen Aviation Advertising PRC Company Limited (a) December 17, 1992 - ----------------------------------------------------------------------------------------------------------------- Xiamen Aviation PRC Supplies Limited (a) July 30, 1997 - ----------------------------------------------------------------------------------------------------------------- Xiamen Aviation Development PRC Company Limited (a) February 18, 1998 - ----------------------------------------------------------------------------------------------------------------- Bai Lu Finance Limited Hong Kong February 22, 1996 - ----------------------------------------------------------------------------------------------------------------- Xiamen Air Holidays Limited Hong Kong April 28, 1994 - ----------------------------------------------------------------------------------------------------------------- Xiamen Macau Holidays Limited Macau May 11, 1995 - ----------------------------------------------------------------------------------------------------------------- E-8-2 - ----------------------------------------------------------------------------------------------------------------- NAME OF COMPANY PLACE AND DATE OF ESTABLISHMENT/ OPERATION - ----------------------------------------------------------------------------------------------------------------- Shantou Hua Kang Air Catering PRC Company Ltd (a) June 22, 1994 (a) These subsidiaries are PRC limited companies. (b) These subsidiaries are Sino-foreign equity joint venture companies. E-8-3