The board of directors of China Tourism Group Duty Free Corporation Limited announced that at the fourth meeting of the fifth session of the Board convened on October 19, 2023, in accordance with the relevant provisions of the articles of association of the company, the Board has considered and approved the election of Mr. WANG Xuan, an executive director, as the chairman of the Board, with the term of office from the date of consideration and approval by the Board (that is October 19, 2023) to the expiration date of the term of office of the fifth session of the Board.