Investment Overview - The company has decided to jointly invest with China Duty Free Group to establish a new company named CDF Guangzhou Baiyun Airport Duty-Free Co., Ltd. to operate duty-free shops at the T3 terminal of Guangzhou Baiyun Airport, enhancing service levels and international influence [4][16] - The registered capital of the new company is RMB 45 million, with China Duty Free Group contributing RMB 22.95 million (51%) and the company contributing RMB 22.05 million (49%) [4][9] Approval Process - The investment does not require approval from the board of directors or shareholders' meeting as it does not meet the threshold for such reviews [2][6] Company Structure and Management - The new company will have a board of directors consisting of 5 members, with 3 appointed by China Duty Free Group and 2 by the company. The chairman will be one of the directors recommended by China Duty Free Group [11][13] - The management structure includes a general manager and a deputy general manager, with the general manager and financial officer recommended by China Duty Free Group and the deputy general manager by the company [11][13] Market Context and Strategic Fit - The investment aligns with national policies encouraging the development of duty-free businesses, which supports the expansion of duty-free shops at ports and cities [16] - Establishing the joint venture is seen as a strategic move to enhance the airport's core competitiveness and is consistent with the long-term development strategy of the airport [16] Financial Implications - The investment is expected to create synergies between the two companies, leveraging their strengths to optimize operations and enhance profitability in the duty-free segment [16]

格隆汇9月26日丨白云机场(600004.SH)公布，为深化国企协同合作，更好实现优势互补、强强联合，共 同开拓广州白云机场T3航站楼出境免税店业务，提升白云机场服务水平及国际影响力，广州白云国际 机场股份有限公司（简称"白云机场"、"公司"或"乙方"）决定与中国免税品（集团）有限责任公司（简 称"中免集团"或"甲方"）共同投资设立中免广州白云机场免税品有限公司（以工商核定为准，简称"中 免机场公司"），并将该公司作为载体经营广州白云机场T3航站楼出境免税店。中免机场公司注册资本 为人民币4500万元，其中：中免集团以货币出资人民币2295万元，占注册资本的51%；公司以货币出资 人民币2205万元，占注册资本的49%。本次与中国免税品（集团）有限责任公司共同投资设立的中免广 州白云机场免税品有限公司，拟经营广州白云机场T3航站楼出境免税店业务，提升白云机场服务水平 及国际影响力。 ...

智通财经APP讯，白云机场(600004.SH)发布公告，为深化国企协同合作，更好实现优势互补、强强联 合，共同开拓广州白云机场T3航站楼出境免税店业务，提升白云机场服务水平及国际影响力，公司决 定与中国免税品(集团)有限责任公司(简称"中免集团")共同投资设立中免广州白云机场免税品有限公司 (以工商核定为准，简称"中免机场公司")，并将该公司作为载体经营广州白云机场T3航站楼出境免税 店。中免机场公司注册资本为人民币4500万元，其中：中免集团以货币出资人民币2295万元，占注册资 本的51%;公司以货币出资人民币2205万元，占注册资本的49%。 ...

智通财经APP讯，白云机场(600004.SH)发布公告，为深化国企协同合作，更好实现优势互补、强强联 合，共同开拓广州白云机场T3航站楼出境免税店业务，提升白云机场服务水平及国际影响力，公司决 定与中国免税品(集团)有限责任公司(简称"中免集团")共同投资设立中免广州白云机场免税品有限公司 (以工商核定为准，简称"中免机场公司")，并将该公司作为载体经营广州白云机场T3航站楼出境免税 店。中免机场公司注册资本为人民币4500万元，其中：中免集团以货币出资人民币2295万元，占注册资 本的51%;公司以货币出资人民币2205万元，占注册资本的49%。 ...