China Tourism Group Duty Free Corporation (601888.SH) has won the operation rights for duty-free shops in Shenzhen, Guangzhou, Xi'an, Fuzhou, Chengdu, and Tianjin.

China Tourism Group Duty Free Corporation (601888.SH) announced that it has recently received notifications that its wholly-owned subsidiary, China Duty Free Group Co., Ltd., has successfully won the bid for the operation rights of duty-free shops in Shenzhen, Guangzhou, Xi'an, Fuzhou, Chengdu, and Tianjin. Including the 7 duty-free shops the company already owns, it now has duty-free shops in 13 cities. The winning of the operation rights for 6 duty-free shops is beneficial for the company to fully leverage its advantages, integrate existing purchasing and operating resources, and create a new retail model of "duty-free + taxable items", "imported + domestic products", and "offline + online". The company is also actively participating in the construction of duty-free shops in cities, which will help boost consumption vitality in the cities, accelerate the construction of international consumption center cities, effectively guide Chinese overseas consumption back to China, and promote consumption by foreigners in China.