The board (the "Board") of directors (the "Directors") of China Tourism Group Duty Free Corporation Limited (the "Company") recently received a written resignation report from Mr. WANG Xuan, the president of the Company. Mr. WANG Xuan tendered his resignation as the president of the Company to the Board due to work adjustments. In accordance with the Company Law of the People's Republic of China and other relevant laws and regulations and the Articles of Association, the resignation report of Mr. WANG Xuan shall take effect from the date of delivery to the Board (i.e. April 2, 2024). The Board further announces that due to work arrangement, Mr. CHANG Zhujun ceased to
be the executive vice president of the Company. In accordance with the Company Law of the People's Republic of China and other relevant laws and regulations and the Articles of Association, and with the approval by the nomination committee of the Board, the Board resolved to appoint Mr. CHANG Zhujun as the president of the Company at the tenth meeting of the fifth session of the Board convened on April 2, 2024 (the "Board Meeting"), with a term commencing from the date of consideration and approval by the Board until the date of expiration of the fifth session of the Board.