Group 1 - The company, Guangbai Co., has opened its first city duty-free store in Guangzhou on August 26, 2025, in collaboration with China Duty Free Group and others [2] - The company invested 8.775 million yuan and holds a 19.5% stake in the duty-free store [2] - The city duty-free store business aligns with the company's retail main business and promotes the integration of cultural, commercial, and tourism industries, helping to create new business growth points [2]

Group 1 - The establishment of a new duty-free company in Guangzhou, named "China Duty-Free (Guangzhou) Co., Ltd.", is a joint investment by several companies including Baiyun Airport and Lingnan Holdings [1] - The new duty-free store will be located in the Tianhe business district, which was selected after discussions regarding its location [1] - The Ministry of Finance and other departments have issued a notice to enhance the duty-free store policy, aiming to stimulate consumption and expand domestic demand [1] Group 2 - The Nansha International Cruise Home Port is highlighted as a key area for the cruise economy in Guangzhou, with the resumption of operations expected to boost tourism and related consumption [2] - The new duty-free store will primarily sell easily transportable consumer goods, including food, alcohol, and tobacco, but will not include categories like clothing and electronics initially [2][3] - The registered capital for the new duty-free store is set at 45 million yuan, with investment proportions from the involved companies: China Duty-Free (51%), Lingnan Holdings (19.5%), Guangbai Co. (19.5%), and Baiyun Airport (10%) [3]