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China Duty Free Group

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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.

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