白云机场公告，公司与中国免税品（集团）有限责任公司共同投资设立中免广州白云机场免税品有限公 司，注册资本为4500万元。其中，中免集团出资2295万元，占注册资本的51%；公司出资2205万元，占 注册资本的49%。该合资公司将成为广州白云机场T3航站楼出境免税店的运营载体，旨在提升白云机场 的服务水平及国际影响力。投资资金来源为公司自有资金，需在中免机场公司设立后3个月内一次性全 额缴纳。 ...

Core Viewpoint - Zhuhai Duty-Free Group Co., Ltd. (stock code: 600185.SH) has achieved a significant upgrade in its ESG rating from BBB to A, reflecting the company's strategic focus on "big consumption" and sustainable governance initiatives [2][11]. Group 1: Strategic Transformation - The company completed a major asset restructuring by acquiring a 51% stake in Zhuhai Duty-Free Enterprise Group and divesting 100% of its non-Zhuhai real estate subsidiaries, marking its transition from a real estate developer to a duty-free consumption enterprise [4]. - The company has committed to not initiating new real estate projects and aims to exit its existing real estate business within five years through asset sales and equity transfers [4]. - The focus will now be on duty-free business as the core engine, expanding into commercial operations and cross-border trade to build a comprehensive "duty-free + commercial management + trade" ecosystem [4]. Group 2: Environmental, Social, and Governance (ESG) Initiatives - The company promotes a green development philosophy, optimizing logistics networks to reduce carbon emissions and enhance the efficiency of duty-free goods transportation [5]. - In social responsibility, the company engages in regional development and rural revitalization, contributing to the "Hundred Million Thousand Project" in Guangdong and developing cultural tourism projects [7]. - The governance structure has been strengthened with the establishment of a board-level ESG committee to integrate sustainable principles into strategic decision-making [9][10]. Group 3: Collaborative Value and Future Outlook - The upgrade to Wind ESG A-level certification is a recognition of the company's efforts in enhancing governance resilience and deepening ESG integration during a critical strategic transition [11][13]. - The company aims to leverage its core advantages in the duty-free sector while driving innovation and expanding its commercial management and trade layout, contributing to both corporate and social value growth [13].