China National Insurance (601888.SH) subsidiary won the bid for Beijing Capital International Airport Duty Free Duty Free Project Section 01 with a guaranteed operating fee of 480 million yuan for the first year

Zhitong Finance App News, China Finance App (601888.SH) issued an announcement. China Duty Free (Group) Co., Ltd., a wholly-owned subsidiary of the company, became the winner of the Beijing Capital International Airport Duty Free Section 01 bid. The winning bid amount was 480 million yuan in guaranteed operating expenses for the first year, and a 5% commission on sales for the first year. The operating period is from the start date agreed in the contract to February 10, 2034. After signing this project, the company's channel advantage at core domestic airports will be further enhanced, which will help meet the multi-level and diversified shopping needs of inbound and outbound travelers, enhance the diversified duty-free shopping experience, and further promote the high-quality development of the airport duty-free business. If the above projects are successfully implemented, it will have a positive impact on the development of the company's future business performance.