Core Viewpoint - China Duty Free Group, a wholly-owned subsidiary of China National Duty Free Group, has won the bid for the duty-free project at Beijing Capital International Airport, which is expected to enhance the company's market position and operational performance in the airport duty-free sector [1] Group 1: Bid Details - The company received a bid notification confirming it as the winning bidder for the duty-free project with a minimum operating fee of RMB 480 million for the first year [1] - The sales commission rate for the first year is set at 5% [1] - The contract duration is from the agreed start date until February 10, 2034, lasting no more than 8 years [1] Group 2: Strategic Implications - Winning this project will enhance the company's channel advantages at key domestic airports [1] - The project aims to meet the diverse shopping needs of inbound and outbound travelers, thereby improving the overall duty-free shopping experience [1] - Successful implementation of this project is expected to positively impact the company's future operational performance [1]
中国中免(01880.HK):子公司中标北京首都国际机场免税项目01标段