Group 1 - Wangfujing Duty-Free officially opened its store at Beijing Capital International Airport on February 11, marking its entry into the Beijing-Tianjin-Hebei international aviation hub and the core duty-free market [1][3] - The new store features a wide range of popular duty-free categories including perfumes, cosmetics, alcoholic beverages, and travel essentials, showcasing both international luxury brands and domestic products [3] - The opening of the airport store signifies the establishment of a comprehensive consumption loop for Wangfujing, from inbound first purchases to in-city repurchases and outbound supplementary purchases [3] Group 2 - The duty-free industry in Beijing is experiencing a recovery alongside the increase in international inbound and outbound passenger flow, with 5% growth in passenger throughput at the capital airport [4] - In 2025, Beijing received 5.48 million inbound tourists, representing a 39% increase, contributing to the growth of Wangfujing's sales in the region [4] - The company anticipates continued sales growth this year, driven by the rising number of inbound tourists and effective conversion of international customer flow into a comprehensive customer asset [4]

Core Viewpoint - Yangzhou Jinqian Tourism Supplies Co., Ltd. has announced a cash dividend distribution of 0.60 CNY per share (including tax) for its A-shares, totaling 40,726,200 CNY based on a total share capital of 67,877,000 shares [1][2][4]. Dividend Distribution Details - The cash dividend of 0.60 CNY per share will be distributed to all shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on June 26, 2025 [1][5]. - The dividend distribution plan was approved at the annual general meeting held on May 16, 2025 [1]. Relevant Dates - The key dates for the dividend distribution are as follows: - Shareholding registration date: June 26, 2025 - Last trading date: June 27, 2025 - Ex-dividend date: June 27, 2025 - Cash dividend payment date: June 27, 2025 [1][5]. Taxation Information - For individual shareholders holding shares for more than one year, the dividend income is exempt from personal income tax. For those holding shares for one month or less, the full dividend is subject to a 20% tax rate. For holdings between one month and one year, 50% of the dividend is included in taxable income, resulting in a 10% effective tax rate [3][4]. - For shareholders with restricted shares, a 10% tax is withheld on dividends, resulting in an actual cash dividend of 0.54 CNY per share after tax [4][6].