Core Viewpoint - The company has signed a contract with Beijing Capital Airport Commercial Co., Ltd. for a duty-free project at Beijing Capital International Airport, which will enhance its duty-free business network [1] Group 1: Contract Details - The project is located in the international departure and arrival areas of Terminal 2 at Beijing Capital International Airport, covering a total area of 3,566.33 square meters [1] - The contract's operational period is from February 11, 2026, to February 10, 2034 [1] Group 2: Financial Terms - The minimum operating fee for the contract is set at 113 million yuan [1] - The sales commission rate starts at 5% in the first year and increases by 1 percentage point each subsequent year, capping at 10% in the fifth year [1]

Group 1 - The core point of the article is that China Duty Free Group (01880) has won a bid for a duty-free project at Beijing Capital International Airport, which is expected to enhance its market position and operational performance [1] - The company’s subsidiary, China Duty Free (Group) Co., Ltd., has been confirmed as the winning bidder for the project with a minimum operating fee of RMB 480 million for the first year and a sales commission rate of 5% [1] - The contract duration is set from the start date until February 10, 2034, not exceeding 8 years, which will strengthen the company's channel advantages in core domestic airports [1] Group 2 - The successful implementation of this project is anticipated to positively impact the company's future operational performance by meeting the diverse shopping needs of inbound and outbound travelers [1] - The project aims to enhance the diversified duty-free shopping experience, contributing to the high-quality development of airport duty-free business [1]

Core Viewpoint - China 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 channel advantages and improve the shopping experience for travelers [1] Group 1: Project Details - The project bid amount is approximately 480 million yuan for the first year, with a sales commission rate of 5% for the first year [1] - The operational period of the contract is set from the start date until February 10, 2034, not exceeding 8 years [1] Group 2: Strategic Implications - Winning this project will further strengthen the company's position in core domestic airport channels, catering to diverse shopping needs of inbound and outbound travelers [1] - Successful implementation of the project is anticipated to positively impact the company's future operational performance [1] Group 3: Contract Status - The company has not yet signed a formal contract, and the terms remain uncertain until the final contract is executed [1] - The company will continue to monitor the project's progress and fulfill information disclosure obligations as required by domestic and international laws [1]