China Tourism Group Duty Free Corporation Limited (CTG Duty Free) will ask shareholders to approve amendments to its Articles of Association at the upcoming 2025 annual general meeting, after an H-share placement in March 2026 expanded both its share capital and registered capital.

• Capital increase from new H shares On 19 March 2026, the company issued 8.94 million H shares to Delphine SAS (5.47 million shares) and Shoppers Holdings HK Limited (3.46 million shares) at HK$77.21 per share, raising HK$690.07 million. The shares were listed the same day on the Main Board of the Hong Kong Stock Exchange.

• Registered capital and share structure updated – Total share capital rose from 2,068.86 million shares to 2,077.80 million shares. – Registered capital increased accordingly from RMB 2.07 billion to RMB 2.08 billion. – Post-placement, domestic shares remain 1,952.48 million, or 93.97% of total capital, while H shares increase to 125.32 million, or 6.03%.

• Key articles to be revised 1. Article 3: Adds reference to the 19 March 2026 issuance of 8.94 million H shares. 2. Article 6: Reflects the new registered capital of RMB 2.08 billion. 3. Article 23: Updates the total share count and the domestic/H-share percentages after the latest issuance. All other provisions remain unchanged.

• Next steps The company’s board approved the proposed amendments at its 31st meeting of the fifth session on 28 May 2026. Management is authorised to handle the required business-registration changes and filing once shareholder approval is obtained at the AGM.

A circular detailing the amendments and the AGM notice will be posted on the websites of Hong Kong Exchanges and Clearing Limited and CTG Duty Free in due course.