Core Viewpoint - The company, China Duty Free Group (中国中免), has announced a significant acquisition involving DFS Venture Singapore and DFS Group Limited, aimed at expanding its presence in the tourism retail market in Hong Kong and Macau, thereby enhancing its strategic positioning in the Greater Bay Area [1][2]. Acquisition Details - The agreement includes the purchase of all issued shares of DFS Cotai Limitada and the acquisition of tourism retail business assets operated by DFS Hong Kong in Hong Kong, which includes intangible assets exclusive to the Greater China region [1][2]. - The acquisition will allow the company to obtain DFS retail stores in Hong Kong and Macau, further integrating its tourism retail network and establishing a leading position in the regional market [2]. Strategic Importance - This acquisition is a crucial step in accelerating the company's international business layout and actively implementing the Greater Bay Area strategy and the "National Trend Brands Going Global" strategy [2]. - The company aims to leverage its advantages in the Hong Kong and Macau markets to promote domestic products internationally and create a platform for national brands [2]. Share Subscription Agreements - On January 19, 2026, the company entered into share subscription agreements with Delphine SAS and Shoppers Holdings HK Limited, which will allow these entities to subscribe for new H shares post-acquisition [3]. - Delphine SAS will subscribe for up to 7.3301 million new H shares, while Shoppers Holdings HK Limited will subscribe for up to 4.6374 million new H shares [3]. Collaboration with LVMH - A memorandum of understanding was signed with LVMH to establish a cooperative relationship in retail, which aligns with LVMH's current business model [4]. - The collaboration will focus on product sales, store openings, brand promotion, cultural exchange, tourism services, and customer experience, aiming for mutual benefits in the Greater China region [4]. - The share subscription represents a complementary investment from LVMH and the Mack family, resulting in them holding approximately 0.57% of the company's total share capital post-transaction [4].

Core Viewpoint - The company, China Duty Free Group (中免), has entered into agreements to acquire DFS Cotai Limitada and related assets from DFS Group, enhancing its presence in the Greater Bay Area and solidifying its leadership in the regional travel retail market [1][2]. Group 1: Acquisition Details - The agreements involve the purchase of all issued shares of DFS Cotai Limitada and the acquisition of travel retail business assets operated by DFS Hong Kong in Hong Kong, including intangible assets exclusive to the Greater China region [1][2]. - The acquisition will provide the company with DFS retail stores in Hong Kong and Macau, further expanding its service network in the Greater Bay Area [2]. Group 2: Strategic Importance - This acquisition is a significant step in accelerating the company's international business layout and implementing the Greater Bay Area strategy and the "National Trend Brands Going Global" strategy [2]. - The company aims to leverage its position as a central enterprise to enhance the retail economy's high-quality development in the Hong Kong and Macau regions [2]. Group 3: Share Subscription Agreements - On January 19, 2026, the company entered into share subscription agreements with Delphine SAS and Shoppers Holdings HK Limited, allowing them to subscribe for new H shares post-acquisition [3]. - Delphine SAS may subscribe for up to 7.3301 million new H shares, while Shoppers Holdings HK Limited may subscribe for up to 4.6374 million new H shares [3]. Group 4: Collaboration with LVMH - A memorandum of understanding was signed with LVMH to establish a cooperative relationship in the retail sector, which will align with LVMH's current business model [4]. - The collaboration will focus on product sales, store openings, brand promotion, cultural exchange, tourism services, and customer experience, aiming for mutual benefits in the Greater China region [4].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 China Tourism Group Duty Free Corporation Limited 中國旅遊集團中免股份有限公司 （一家於中華人民共和國註冊成立的股份有限公司） （股份代號：1880） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中國旅遊集團中免股份有限公司在上海證券交易所網站刊登的《中國旅遊 集團中免股份有限公司第五屆董事會第二十八次會議（現場結合通訊方式）決議公 告》，僅供參閱。 特此公告。 承董事會命 中國旅遊集團中免股份有限公司 董事會主席 范雲軍先生 中國•北京 2026年1月20日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 中国旅游集团中免股份有限公司（以下简称"公司"）第五届董事会第二十八 次会议于 2026 年 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 本公告僅作說明用途，並非收購、購買或認購證券的邀請或要約。 China Tourism Group Duty Free Corporation Limited 中國旅遊集團中免股份有限公司 （一家於中華人民共和國註冊成立的股份有限公司） （股份代號：1880） (1) 有關收購DFS大中華區零售業務的須予披露交易； (2) 與LVMH深化後續合作； 股份認購協議 於2026年1月19日，本公司分別與Delphine SAS（為LVMH的間接全資附屬公 司）及Shoppers Holdings HK Limited（為The Mountain Trust Company（以麥禮賢 先生及其家族（「麥氏家族」）為受益人的私人家族信託的持牌受託人身份行事之 公司）的間接全資附屬公司）訂立兩份股份認購協議（「股份認購協議」），據此， 待該等收購事項交割後，Delphine SAS及Shoppers Holdin ...

证券代码：601888 证券简称：中国中免 公告编号：临 2026-002 中国旅游集团中免股份有限公司 关于全资孙公司收购 DFS 大中华区零售业务 相关股权及资产、增发 H 股股份的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 1 中国旅游集团中免股份有限公司（以下简称"公司"、"本公司"）全 资孙公司中免国际有限公司（以下简称"中免国际"）与 DFS Venture Singapore (Pte) Limited（以下简称"DFS 新加坡"）、DFS Group Limited （以下简称"DFS 香港"，连同"DFS 新加坡"均由 LVMH Moët Hennessy Louis Vuitton SE（以下简称"LVMH"）、Miller 家族最终拥 有）签署《框架协议》，约定中免国际以不超过 3.95 亿美元现金方式收 购 DFS 大中华区旅游零售业务相关股权及资产，包括 DFS 新加坡、DFS 香港持有的DFS Cotai Limitada 100%股权及DFS香港持有的 2 家门店的 相关 ...

证券代码：601888 证券简称：中国中免 公告编号：临 2026-001 中国旅游集团中免股份有限公司 第五届董事会第二十八次会议（现场结合通讯方式） 决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 表决结果：同意 8 票，反对 0 票，弃权 0 票，该议案获得通过。 具体内容详见公司于同日在《证券日报》《上海证券报》、上海证券交易所网 站（www.sse.com.cn）披露的《关于全资孙公司收购 DFS 大中华区零售业务相关股 权及资产、增发 H 股股份的公告》（公告编号：临 2026-002）。 1 2. 审议通过《关于公司行使一般性授权在香港联合交易所有限公司主板增发 H 股股份的议案》 一、董事会会议召开情况 中国旅游集团中免股份有限公司（以下简称"公司"）第五届董事会第二十八 次会议于 2026 年 1 月 17 日以电子邮件方式紧急发出通知和议案资料，于 2026 年 1 月 19 日在公司会议室以现场结合通讯方式召开，董事长范云军于本次董事会会议上 就紧急通知的原因予以说明。本次会议应参加表决董事 8 ...

中国中免公告称，公司第五届董事会第二十八次会议审议通过多项议案。一是同意全资孙公司收购DFS 大中华区零售业务相关股权及资产；二是同意公司行使一般性授权在港交所主板增发H股股份；三是确 定2025年度财务报告审计费用为401万元，其中H股审计费60万元，与2024年持平。 ...

证券之星消息，1月19日旅游零售板块较上一交易日上涨5.62%，中国中免领涨。当日上证指数报收于 4114.0，上涨0.29%。深证成指报收于14294.05，上涨0.09%。旅游零售板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | --- | | 601888 | 中国中免 | 93.40 | 5.62% | | 71.52万 | | 65.78 Z | 从资金流向上来看，当日旅游零售板块主力资金净流入7.71亿元，游资资金净流出2.9亿元，散户资金净 流出4.81亿元。旅游零售板块个股资金流向见下表： | 代码 名称 主力净流入（元） 主力净占比 游资净流入（元） 游资净占比 散户净流入（元） 散户净占比 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 601888 中国中免 | 7.711Z | 11.72% | -2.90亿 | -4.41% | -4.81亿 | -7.31% | ...

Core Viewpoint - The Hainan Free Trade Port has seen significant growth in duty-free shopping, indicating a recovery in the industry driven by fundamental improvements rather than short-term policy stimuli [3]. Group 1: Duty-Free Shopping Performance - From December 18, 2025, to January 17, 2026, the total amount of duty-free shopping monitored by Haikou Customs reached 4.86 billion yuan, representing a year-on-year increase of 46.8% [3]. - The number of shoppers reached 745,000, which is a 30.2% increase compared to the previous year [3]. - The total number of items purchased was 3.494 million, reflecting a year-on-year growth of 14.6% [3]. Group 2: Market Analysis - Guojin Securities believes that the core growth of the company is driven by a recovery in the fundamentals rather than the market's perception of policy stimulus [3]. - The recovery in high-end consumption is seen as the foundation for the revival of the duty-free industry, indicating a broad opportunity within the sector [3]. - The potential for consumer spending from inbound tourists has not been fully recognized by the market, suggesting that the growth of the company's performance may exceed expectations [3].

每经AI快讯，中国中免(01880.HK)涨超3%，截至发稿，涨3.36%，报84.7港元，成交额6840.17万港元。 ...