Group 1 - The core activity of SKP's Spring Festival event runs from January 24 to February 14, attracting significant consumer interest and resulting in long queues at its gold store locations in Beijing, Xi'an, Chengdu, and Wuhan [1] - On the first day of the event, Beijing SKP reported that hundreds of customers queued overnight, leading to the issuance of approximately 400 to 500 queue numbers, which matched the store's daily capacity [1] Group 2 - Laopuhuang, a high-end Chinese gold jewelry brand, has gained popularity and is expected to surpass Richemont's jewelry revenue in the Chinese market by 2025, according to a report by Rothschild [3] - Laopuhuang's unique designs and traditional craftsmanship have attracted consumers, including those from international luxury brands, indicating a shift in market dynamics [3] - The opening of Laopuhuang's independent store in Beijing SKP in September 2025 marks a significant change in the retail landscape, challenging the dominance of international luxury brands in prime retail locations [3]