On 25 August 2022, China Tourism Group Duty Free Corporation Limited was officially listed and traded on the main board of the Hong Kong Stock Exchange. The issue price was HK$158 per share, and the total amount of funds raised was about HK$16.236 billion. It is reported that CTG DUTY-FREE is the largest IPO in Hong Kong this year, and it has officially become an "A+H" dual-listed company.

On the morning of August 26, the listing ceremony of CTG DUTY-FREE was successfully held at the HKEX. The Deputy Director of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region (LOCPG), Mr. Yin Zonghua; the Financial Secretary of the Hong Kong SAR Government, Mr. Paul Chan; the CEO of the HKEX, Mr. Nicolas Aguzin; and other relevant representatives attended the listing ceremony, marking a new step for CTG DUTY-FREE in the international capital market.

This ceremony was managed by Mr. Peng Hui, Chairman of the Board of CTG DUTY-FREE, together with four representatives: a consumer representative, an investor representative, a supplier representative and a staff representative. Meanwhile, Mr. Wang Haimin, General Manager of China Tourism Group, was also present to witness this historic moment.

It is noteworthy that the company invited a consumer representative, a staff representative, a well-known brand supplier representative and a shareholder representative, which reflects the market-oriented and international characteristics of CTG DUTY-FREE and simultaneously shows the company's customer-focused, trusted, ethical business operating and excellent service business philosophy. The company aims to build a solid supply chain and create a better future for consumers, employees, partners, and shareholders.

A quality stock on the HKEX that attracts high market attention

Under the pandemic for over two years, international duty-free operators have been under pressure to varying degrees. However, CTG DUTY-FREE's performance has risen against the trend and has ranked first in the world for duty-free for two consecutive years from 2020 to 2021. As of the end of 2021, CTG DUTY-FREE's market share in the global travel retail industry has reached 24.6%, and its share in China's duty-free market is as high as 86.0%.

CTG DUTY-FREE's listing on the HKEX has become the most "outstanding stock" among the newly listed stocks. Combining with the company's fundamentals and development potential, the long-term investment value is significant, and the share of CTG DUTY-FREE is undoubtedly a high-quality and scarce resource for investors in the Hong Kong stock market.

Industry insiders consider that the action of CTG DUTY-FREE's listing on the HKEX could assist the company in employing the international capital platform to further accelerate the expansion of both domestic and international channels. It will also improve the efficiency of the supply chain and promote the extension of the industrial chain, thereby consolidating its leading position in the global travel retail market.

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