CTG DUTY-FREE Shares Hit Lower Limit, Company Issues Statement

Deep News02-24

On the morning of February 24, shares of China Tourism Group Duty Free Corporation Limited (CTG DUTY-FREE) fell by the daily limit, dropping to 85.18 yuan per share.

Market sources indicated that the bidding results for the duty-free projects at Beijing and Shanghai, two major international aviation hubs, have been successively announced, creating unfavorable conditions for CTG DUTY-FREE. In response, staff from the company's securities department stated that the share price is influenced by multiple factors. Regarding the duty-free operating rights at Beijing and Shanghai airports, the company confirmed it has lost some of its operational rights at Shanghai Airport, a development previously disclosed in an official announcement. As for the company's Spring Festival sales data, the company only possesses single-day sales figures for certain areas, such as Sanya, which do not yet meet the threshold for a formal public announcement. Investors are advised to refer to official data for accurate information.

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