中国免税品（集团）有限责任公司

cdf Sri Lanka Duty Free Store Grand Opening China Duty Free Group Embarks on a New Chapter of Internationalization September 26, 2024 – cdf Sri Lanka Duty Free Store, the first duty free store of China Duty Free Group in Sri Lanka, has officially opened at "The Mall" in Port City Colombo. The store features a diverse range of high-end products covering over 400 internationally renowned brands, including fashion accessories, luxury watches and jewelry, beauty products, perfumes, fine wines, global specialty foods, and souvenirs. As the first step in China Duty Free Group(CDFG)'s expansion into the South Asian market, the cdf Sri Lanka store addresses a critical need for downtown duty free retail and brings a new luxury shopping experience to the area, offering both international travelers and returning residents the joys of duty free shopping. Under the leadership of its parent company, China Tourism Group, CDFG has been advancing its global footprint. It has expanded its airport and downtown duty free business in Hong Kong, Macao, Singapore, and Cambodia, and is also dedicated to duty free retail services for international cruise liners. The opening of the duty free store in Sri Lanka signifies CDFG’s continued international development strategy, showcasing its pioneering spirit and innovative approach in exploring new markets like South Asia. Port City Colombo, a flagship project developed by China and Sri Lanka. This development sets the stage for a significant boost in local tourism. The store inauguration is anticipated to transform Port City Colombo into a thriving hub for business and tourism, catalyzing greater economic development and opening new opportunities in Sri Lanka, while further enhancing the strategic collaboration between the two nations. cdf Sri Lanka Duty Free Store spans 2,000 square meters and houses over 400 famous international brands, including cosmetics, wines and spirits, fashion, leather goods, tobacco, and watches. The store features a special "Duty Free Liquor" section with over 300 prestigious liquors, including single malt whiskies, premium cognacs, and a variety of international red and white wines, as well as Chinese spirits. The elegant interior design creates a comfortable shopping environment, and multilingual staff enhance the customer experience. Both local residents and international travelers can shop with travel records and enjoy a variety of payment options. CDFG is committed to elevating the luxury shopping experience, meticulously curating a selection of brands and services that invite customers to indulge in the exclusive privileges of duty free shopping.

CTG DUTY-FREE Wins “New Fortune Best IR Hong Kong Limited Company (A+H)” On September 3, "New Fortune" announced the winners for the "7th Best IR Hong Kong Limited Company" award. China Tourism Group Duty Free Corporation Limited, known as “CTG DUTY-FREE” or the “Company”, was honored as the "Best IR Hong Kong Limited Company (A+H)", being the sole wholesale and retail company on the list. The selection of listed companies and best analysts by "New Fortune" magazine has long been esteemed and wielded significant influence within the industry. This year, over 3,000 participants, comprising securities analysts specializing in Hong Kong stocks, QDII fund/investment managers, and investment institutions from both Hong Kong and overseas, engaged in the voting process for the "Best IR Hong Kong Limited Company." Ultimately, 20 companies were recognized and honored with the prestigious "Best IR Hong Kong Limited Company (A+H)" award. The award of "Best IR Hong Kong Stock Company (A+H)" reflects the capital market's high recognition and affirmation of the Company's achievements in various aspects such as information disclosure, corporate governance, and investor relations management. Recently, facing a complex and ever-evolving industry landscape and market environment, the Company has surmounted challenges, fostered innovation, and continuously enhanced its investor relations management practices. It has maintained an A-grade rating in Shanghai Stock Exchange's disclosure assessments for eight consecutive years. Emphasizing shareholder returns, the Company has disbursed over RMB16.2 billion in cumulative cash dividends since its listing. Diversifying and innovating with distinctive CTG DUTY-FREE-themed investor relations activities, the Company has invited investors to experience the company firsthand, organizing numerous sharing sessions and reverse roadshows in locations such as Hainan and Hong Kong. Furthermore, the Company has been advancing the operation of its digital investor relations platforms. As of September 2, 2024, the Company's IR official account has garnered over 510,000 views, while its IR mini program has attracted attention from more than 1,200 institutional users. In June of this year, CTG DUTY-FREE's investor relations management practices were also recognized as one of the "Best Practices in Investor Relations Management of Listed Companies in China" by the China Listed Companies Association. Looking ahead, the Company will continue to improve its corporate governance system, convey its value through high-quality information disclosure, cultivate positive investor relations, and strive for high-quality development.

cdf Sanya International Duty Free Shopping Complex Celebrates 10 Years of Success cdf Sanya International Duty Free Shopping Complex, a flagship venture of China Duty Free Group (CDFG), celebrated its 10th anniversary on September 1. Since opening, the complex has attracted over 70 million visitors, significantly boosting tourism in Hainan, China’s southern island province. The development of cdf Sanya has faced both challenges and opportunities. In May 2009, the Hainan provincial government granted CDFG exclusive rights to operate a duty-free shop in Sanya. Four months later, on September 1, 2009, the store opened, covering nearly 10,000 square meters, setting a new industry standard. At first, the store catered exclusively to foreign nationals and residents from Hong Kong, Macao, and Taiwan departing from Sanya Phoenix International Airport. Then, with the implementation of Hainan's offshore duty-free shopping policy on April 20, 2011, the store expanded its offerings to a broader customer base. This dual-focused business model quickly established the store as a leader in China's duty-free retail industry. The policy's unique advantages, combined with the rising number of Chinese tourists, led to a significant increase in customer traffic. To meet growing demand, the Complex expanded, with Phase I opened on September 1, 2014, covering 120,000 square meters and becoming the world's largest standalone duty-free store at that time. This expansion marked a new era for China's duty-free industry, introducing larger stores, more brands, and a global perspective. Subsequent growth included Phase II in 2020 and the addition of the Global Beauty Plaza in 2023. Today, the complex features over 850 international brands, offering beauty products, luxury goods, electronics and food. It has effectively leveraged policy benefits to enhance services and improve the shopping experience. An integrity system and 98 service standards have also been developed to provide a more personalized customer experience. To mark its 10th anniversary, the complex has organized events to express gratitude to customers and highlight its local economic contributions. The "Journeying a Thousand Miles, Cherishing Every Moment" celebration includes customer giveaways, celebrity appearances, special travel offers, and cash coupons. Luxury brand exhibitions and fashion shows will showcase premium offerings, creating a visual feast for consumers. As cdf Sanya enters its next decade, it remains committed to "doing business in good faith and providing quality services.", also focuses on social responsibility, such as supporting poverty alleviation. By exploring innovative service models and optimizing the shopping environment, the complex aspires to create a world-class destination that offers a high-end, convenient, and personalized shopping experience.

CTG DUTY-FREE Announces 2024 Interim Results Streamlining Business Structure for Growth On August 30, China Tourism Group Duty Free Corporation Limited (“CTG DUTY-FREE,” Stock Code: 601888.SH; 1880.HK) announced its unaudited interim results for the six months ending June 30, 2024. Despite a challenging external market, the Company focused on stabilizing growth, promoting reforms, and pursuing development. In H1 2024, CTG DUTY-FREE reported revenue of RMB31.265 billion, with a net profit attributable to shareholders of RMB3.28 billion and a gross profit margin of 32.94%, up 2.62 percentage points year-on-year. Strengthening Hainan Market Presence CTG DUTY-FREE showcased its commitment to quality service at the Sanya International Duty-Free Shopping Complex, introducing around 50 new luxury brands, including Prada and Gucci. A new store featuring “China Chic + Paris Olympics” products opened at Haikou Meilan International Airport, reinforcing partnerships with local brands and solidifying the Company’s dominant market position in Hainan. Expanding Domestic and International Operations Domestically, CTG DUTY-FREE secured tenders for duty-free stores at Guangzhou Baiyun and Kunming Changshui International Airports, leading to over 100% year-on-year revenue growth in domestic stores. Internationally, the Company launched duty-free outlets on the Adora Magic City cruise and at Singapore’s Changi Airport, aided by a strategic agreement with the Jinjiang Municipal People‘s Government for China-Chic brands. Enhancing Management and Efficiency The Company improved its product sales mix by prioritizing high-margin items and enhancing promotional strategies. In H1, it introduced various China-Chic brands and optimized supply chain management, notably through the “One Inventory” project in Hainan, which significantly boosted efficiency and reduced costs. Key Projects and Initiatives CTG DUTY-FREE advanced key projects supporting the Hainan Free Trade Port's development, including the Sanya International Duty-Free Shopping Complex hotel project and ongoing construction at Haikou International Duty-Free Shopping Complex. Marketing efforts, such as the IP “C-LOONG” for the Year of the Dragon and the 4th cdf Watch Carnival, engaged over 35 million members. Participation in industry events and winning the 2024 German National Design Award further enhanced brand influence. Prospect In H2 2024, CTG DUTY-FREE aims to stabilize its offshore duty-free business in Hainan, enhance its domestic and international operations, and strengthen core capabilities, aspiring to become a world-class travel retail operator.

🌍Supporting National Ecology Day | CDFI Promotes Sustainability🌱 In celebration of National Ecology Day, China Duty Free International Limited (CDFI) organized a volunteer team to plant 500 native seedlings in Hong Kong's country parks🌲. This effort supports the "Country Parks Plantation Enrichment Programme" (PEP), aiming to boost ecological value and biodiversity, and contribute to carbon neutrality💚. Hong Kong has worked on afforestation since the 1950s to restore its natural environment. The introduction of exotic species, while effective in greening land, has reduced native species diversity. To improve this, the Agriculture, Fisheries and Conservation Department launched PEP in 2009 to increase native plant diversity and support wildlife🌿. CDFI believes a healthy environment supports economic growth.🌟On August 15, National Ecology Day, CDFI’s team, including company leaders, employees, and local representatives, planted 500 native seedlings including Spotted Ardisia, Daphniphyllum calycinum and Reticulate Helicia🌳. CDFI is committed to enhancing Hong Kong’s ecology and fulfilling its corporate social responsibility 💪. #cdfi #cdfi中免國際 #NationalEcologyDay #Sustainability #CarbonNeutrality

CDFG, Jinjiang Team Up to Boost Chinese Sportswear Brands China Duty Free Group (CDFG) and the Jinjiang city government have launched an initiative to promote Chinese sportswear brands globally. The "China Chic: Jinjiang Sportswear Brands" launch event, held Aug 11 at the cdf Haikou International Duty Free Shopping Complex, brought together a host of renowned Chinese sportswear brands, showcasing the latest in athletic fashion and design. From the elegant fusion of traditional elements to the innovative application of modern technology, each piece reflected the confidence and pride of China's burgeoning fashion industry. To provide consumers with an up-close look at the innovative designs and exceptional quality of these brands, CDFG has created a dedicated "China Chic and Summer Fun" themed exhibition. The exhibition is hosted at three locations: the cdf Haikou International Duty Free Shopping Complex, cdf Sanya International Duty Free Shopping Complex, and cdf Haikou Duty Free Shop. Visitors can try the latest products and learn about the brands' histories through interactive installations. Jinjiang, located in Fujian province, is known for its abundance of private enterprises and entrepreneurs. The city, a hub for Chinese sportswear brands, is home to major companies like Anta, 361° and Xtep. These brands have captured the hearts of young consumers with designs blending traditional Chinese elements and modern styles. The event is part of CDFG's efforts to support Hainan's tourism industry and promote Chinese brands internationally. CDFG is a staunch supporter of Chinese brands, fostering long-term partnerships with leading domestic companies. The group has also created special areas in its duty-free shops to showcase Chinese beauty products, providing a platform for these brands to connect with consumers. The Jinjiang collaboration expands CDFG's partnerships with Chinese brands. By leveraging its innovative approach, CDFG aims to explore new possibilities for growth and help Chinese products shine on the global stage. The "China Chic and Summer Fun" event runs through September, featuring special offers and interactive experiences.

Grand Opening of cdf “Piano Land” Cruise Duty Free Shop: A New Era in Maritime Shopping On 25 July, 2024, the inaugural cruise ship of the Chinese cruise line brand “Astro Ocean Cruise”, named “Piano Land”, set sail from its home port of Shanghai with a rejuvenated appearance. The duty free store onboard, run by China Duty Free Group’s subsidiary, China Duty Free Cruise Service Co., Ltd. (hereinafter referred to as “cdf Cruise”), was officially open at the same time. The store offers travelers a wide range of shopping options and convenient shopping services, thereby greatly enhancing the maritime cultural and tourism experience.   The “Piano Land” is acclaimed for its elegant design and opulent aura. Its signature tiered ducktail design, complemented by a soaring atrium crowned with tailor made glass in fashionable blue-green colour, a panoramic bar surrounded by 180-degree floor-to-ceiling windows and an expansive seaside promenade, creates an inviting and welcoming ambience.   The “Piano Land” spans 261 meters in length and 32 meters in width, with a total tonnage of 70,000 and a full capacity of 1,800 guests. The duty free shop, situated on decks 6 and 7, occupies an area of 650 square meters and is a haven for numerous top tier international luxury brands, including categories such as liquor, leather goods, jewelry, accessories, sunglasses, cosmetics, fragrance and confectionaries.   To celebrate the opening, cdf Cruise has partnered with leading brands to launch exclusive co-branded collections, enhancing the shopping experience and highlighting the unique charm of the “Piano Land.” Additionally, the Captain's Lounge is themed around Shanghai, immersing guests in a blend of maritime elegance and local culture. #CDFG #cdf #PianoLandCruiseDutyFreeShop

CTG DUTY-FREE Attains A in MSCI ESG, Scaling New Heights of Excellence Recently, Morgan Stanley Capital International (MSCI), an internationally recognized index provider, announced its latest rating results. China Tourism Group Duty Free Corporation Limited (the “Company” or “CTG DUTY-FREE”, Stock Code:1880.HK, 601888.SH) ESG rating has been upgraded from BBB to A, marking the second upgrade since 2022. CTG DUTY-FREE launched the ESG project on March 18, 2022. Since its launch, the Company has promoted cross-departmental collaboration and deepened the understanding of ESG principles from headquarters to the key subsidiaries, thereby strengthening the implementation of ESG practices in its core operations. The Company’s MSCI ESG rating was upgraded to BBB in August 2022 and now to A this month. Within a span of over two years, the Company has achieved a two-level ascent in its MSCI ESG rating, progressing from catching up with leading international peers to achieving parity with them in rating, showcasing remarkable project accomplishments. The systematic disclosure of ESG information has increased transparency in the Company's responsible practices. The Company has been included in various sustainability indices, such as the ESG-Pioneer 50 Index of Central Enterprises and the ESG-Pioneer 100 Index of Central Enterprises. It has also been included in the CSI 800 ESG Index, the Shanghai and Shenzhen 300 ESG Leading Index, the SSE 180 ESG Leading Index, the Hang Seng Corporate Sustainability Index, the Hang Seng (China A) Corporate Sustainability Index, the Hang Seng (Mainland and HK) Corporate Sustainability Index, the Hang Seng Corporate Sustainability Benchmark Index, the Hang Seng (China A) Corporate Sustainability Benchmark Index, the Hang Seng SCHK China Central SOEs ESG 40 Index, the Hang Seng SCHK China Central State-owned Enterprises ESG Enhanced Index, and the Hang Seng SCHK China Central State-owned Enterprises ESG Index. The MSCI ESG rating is widely recognized by global investment institutions as one of the authoritative and credible ESG evaluation systems. Both domestic and international investors widely refer to its rating results when making investment decisions. According to MSCI ESG rating research, approximately 60% of companies maintained their previous year's rating, and only 28% of the companies achieved a rating upgrade. The steady improvement in CTG DUTY-FREE’s ESG rating reflects the high recognition from international authoritative rating agencies regarding the Company's sustainability level and its systematic ESG management. Looking ahead, the Company will continue to pursue excellence and practice the philosophy of “doing business in good faith and providing quality services,” the Company will enhance and expand its core operations to meet the increasing demand for a better quality of life. The Company commits to refining its ESG governance, driving innovation and sustainable growth for Chinese enterprises. #CTG

CTG DUTY-FREE Continues to Receive Multiple Awards from Institutional Investor The internationally renowned financial magazine Institutional Investor announced the highly anticipated results of the “2024 Asia Pacific (ex-Japan) Executive Team” on June 18th. With nearly 6,000 global fund managers and analysts casting their votes, China Tourism Group Duty Free Corporation Limited (the “Company” or “CTG DUTY-FREE”, Stock Code: 601888.SH; 1880.HK) emerged on top in both the Asia Pacific (ex-Japan) and Mainland China lists, securing several prestigious awards in the consumer discretionary category:   • Named as a “Honored Company” (on both the Asia (ex-Japan) and Mainland China lists). • Ranked second in the “Company Board of Directors” category (on both the Asia (ex-Japan) and Mainland China lists). • Ranked third in “Overall ESG” performance (Mainland China list). Note: The awards mentioned above are based on the original list published by Institutional Investor. Institutional Investor is one of the most influential financial media outlets globally, renowned for its high-quality selection criteria. The rankings are entirely determined by votes from professionals in the finance industry and are widely recognized as a global investment benchmark by overseas buyers and sellers. It is reported that this year's competition was exceptionally fierce, with a total of 1,669 listed companies and 2,595 executives from 18 industries participating in the selection process. A total of 4,943 buy-side fund managers and 951 sell-side analysts participated in the voting.   The aforementioned awards once again reflect the global capital market's high recognition of CTG DUTY-FREE's operational development, board performance, and ESG practices. Since 2024, facing a complex and ever-changing market environment, the Company has closely aligned with established development strategies and business objectives while solidly carrying out various key tasks. In the first quarter of 2024, The Company's profitability continued to recover, with the gross profit margin of its main business further rising to 32.7%, an increase of nearly 4 percentage points year-on-year. The Company has placed increased emphasis on shareholder returns, significantly raising the cash dividend ratio for the year 2023 to 50.85%, resulting in a record-breaking cash dividend distribution of 3.414 billion RMB. Meanwhile, CTG DUTY-FREE actively explores innovative, green, and high-quality sustainable development. According to the report published by the internationally renowned rating agency MSCI in June 2024, the Company's ESG rating has improved from BBB to A.   In the future, CTG DUTY-FREE will continue to enhance its core competitiveness and sustainable development capabilities, faithfully implementing the principles of “doing business in good faith and providing quality services.” The Company will build a premier global travel retailer delivering outstanding results to investors.­

CTG DUTY-FREE Holds FY2023 Annual Results and FY2024 Q1 Financial Performance Briefing China Tourism Group Duty Free Corporation Limited (the “Company” or “CTG DUTY-FREE”; Stock Code:1880.HK, 601888.SH) held a briefing session on its 2023 annual and 2024Q1 financial results at the SSE RoadShow. Mr. Chang Zhujun, Director and General Manager and Secretary of Board of Directors, Ms. Wang Ying, Independent Director, and Ms. Ding Li, Head of Finance Department, attended the meeting. The results announcement was live-streamed through the SSE RoadShow, with the Company’s speakers providing an overview of the latest developments and offering detailed answers to questions of common concern from investors using a combination of on-site live streaming and online interactive Q&A. During the on-site discussion, when discussing the Company’s business strategy, Mr. Chang Zhujun expressed that the Company will actively innovate and continuously optimize the level of supply chain management, enhance the end-to-end service experience for travelers, strengthen brand layout, improve product categories, and continuously focus on and expand new opportunities. When discussing the new regulations for independent directors, Ms. Wang Ying stated that since the new regulations were issued in 2023, independent directors have been performing their duties in a more standardized and rigorous manner. CTG DUTY-FREE has actively implemented the requirements for reforming the independent director system, promptly updated the corporate governance system, and continuously improved the corporate governance structure, thereby providing important guarantees for the high-quality development of the Company. When discussing inventory management, Ms. Ding Li emphasized that the Company attaches great importance to improving the level of supply chain management. Various measures will further optimize the structure of inventory goods and improve inventory turnover. In addition, investors also had in-depth communication and exchanges with the Company’s speakers on issues such as the introduction of domestic trend brands and overseas expansion, market value management and the Company’s cash dividend policy. Mr. Chang Zhujun stated that 2024 is designated as the “Consumer Promotion Year” by the Ministry of Commerce, and the Company will continue to earnestly practice the philosophy of “doing business in good faith and providing quality services” to contribute to the high-quality development of the consumer and tourism retail industry. With high-quality products and a good shopping experience, the Company will continuously satisfy the needs of consumers for a “happy life” and reward shareholders with outstanding business performance. Mr. Chang Zhujun thanks the Shanghai Stock Exchange and SSE RoadShow for their platform, which facilitates meaningful dialogue with investors. The results announcement garnered attention and engagement from renowned investment analysts and financial media.