BEIJING, CHINA – Media OutReach Newswire – 20 January 2026 – The 6th Asian Beach Games will be held in Sanya, Hainan Province, China from April 22 to 30. The State Council Information Office held a press conference on Jan. 12 to mark the 100-day countdown to the Games and provide an update on the preparations.

At the press conference, it was announced that the Games would feature 14 sports, 15 disciplines, and 63 events, including established Olympic and Asian Games programs like swimming and sailing, as well as emerging sports such as teqball and beach kabaddi.

Eight competition venues (clusters) have been planned to support the event. Five are located along the Sanya Bay — renowned for its “Coconut Dream Promenade,” one is situated alongside the Sanya River, and two are within the Sanya Sports Center. This layout integrates the coastal beauty with the urban landscape. Construction is well underway as scheduled, and all venues are ready to welcome elite athletes from across the Asian continent.

To ensure service support for the Games, the organizing committee has designated 24 official reception hotels, capable of accommodating over 4,000 athletes and team officials. The catering services feature “dining islands” that offer Chinese cuisine, Western-style meals, and authentic Hainan specialties to satisfy the varied culinary preferences of all participating nations and regions.

According to the press conference, the opening and closing ceremonies will be held at Yasha Park within the Tianya Haijiao Scenic Area. By making the sky a backdrop, the sea a setting, and the beach a stage, both ceremonies will blend the beach sports with Hainan’s unique cultural elements. The performances will incorporate the natural beauty of Tianya Haijiao and the captivating local legend of “Luhuitou,” demonstrating the exchange and mutual learning of Asian civilizations in a multidimensional way.

Notably, the medal design for the Sanya Asian Beach Games was officially unveiled on the day. Titled “Tianya Moment,” the medal design draws inspiration from the classic Song Dynasty verse: “As the bright moon rises over the sea, we share this moment from the ends of the earth.” This poetic symbolism extends Sanya’s warm welcome to friends from across Asia. It is reported that a total of 189 medals (63 gold, 6 silver, and 63 bronze) will be awarded during the Games.

In order to foster the deep integration of culture, sports, and tourism, the organizing committee plans to host interactive experiences to promote Hainan’s intangible cultural heritage, Li and Miao ethnic folk performances, and beach concerts in key places such as the Athletes’ Village and the Yasha Park inside the Tianya Haijiao Scenic Area during the event, immersing global visitors in Hainan’s one-of-a-kind cultural charm.

Hainan is fully prepared to embrace the Games as a valuable link to connect the island’s unique tourism offerings. The premium “Competition & Leisure” round-the-island itineraries will invite athletes and visitors to discover Hainan through the Games, allowing them to be immersed in the island’s stunning natural beauty, the wonders of its tropical rainforests, the rich charm of Li and Miao ethnic cultures, and the excitement of duty-free shopping.

The issuer is solely responsible for the content of this announcement.

HAIKOU, CHINA – Media OutReach Newswire – 20 January 2026 – One month into the island-wide special customs operations, the Hainan Free Trade Port (FTP) in south China has maintained smooth and orderly functioning, with initial achievements in logistics efficiency, passenger convenience, and economic aggregation, highlighting the country’s commitment to high-level opening up.

Hainan Heren Pearl Co., Ltd., which mainly imports pearls from overseas, has emerged as a direct beneficiary of Hainan FTP policies.

Under the value-added processing policy, the company can sell its high-value products to the mainland duty-free, cutting its overall tax burden from about 52 percent to roughly 26 percent and redirecting the savings into research and development, said Zhang Shizhong, the company’s chairman.

“The FTP holds great promise, with more policy dividends set to be released in the future,” Zhang said.

One notable special customs policy is offering “freer access at the first line,” referring to freer trade between Hainan and areas outside China’s customs borders, and “regulated access at the second line,” which involves applying standard customs controls for goods moving from Hainan to the mainland.

According to Haikou Customs, from Dec. 18, 2025 to the early hours of Jan. 18, 2026, the value of “first line” imported zero-tariff goods was 753 million yuan (about 107 million U.S. dollars); the value of processed and value-added goods sold domestically through the “second line” was about 85.9 million yuan.

In Wanning City, production lines at Chia Tai (Hainan) Xinglong Coffee Industry Development Co., Ltd. are running at full capacity. The company imports green coffee beans from Colombia and processes them in Hainan before shipping the finished products to the mainland, enjoying an 8 percent tariff reduction under the FTP policies.

“After the launch of island-wide special customs operations, Hainan will gradually become a value-added processing center and trade hub with global resource allocation capabilities,” said Ye Jian, the company’s general manager. “Enterprises will not only pass through Hainan, but also be able to put down roots here and create higher value.”

Drawn by the policy incentives, a growing number of companies are choosing to do business in Hainan. The General Administration of Customs said a total of 5,132 new foreign trade enterprises completed registration in Hainan over the past month, an increase in a month roughly equivalent to the total registrations in an entire quarter of 2024.

The total number of registered foreign trade market entities in Hainan has surpassed 100,000, according to official data.

As the policy came into force, major ports across Hainan saw a surge in activity.

Days after Hainan began island-wide special customs operations, a flight from Prague carrying 115 European passengers touched down in the tourist city of Sanya, marking a breakthrough in the high-level opening up of the aviation sector at the Hainan FTP.

The arrival marked the launch of China’s first official passenger route operated under the Seventh Freedom of the Air, which allows foreign carriers to operate flights between two foreign countries without having to land in their home country.

The route is operated by Kazakhstan’s Scat Airlines, with one round-trip scheduled each week.

At Yangpu Port, the largest cargo port in the Hainan FTP, mega-ships berthing in quick succession, gantry cranes operating around the clock, and container trucks moving in tightly coordinated flows have become a routine sight.

“Yangpu will shoulder the role of the main logistics gateway of the Hainan FTP,” said Yang Xiaobin, deputy head of the Transportation, Port and Waterway Bureau of Yangpu Economic Development Zone. “The port aims to build a smart and green international shipping hub and logistics center.”

Container throughput at Yangpu reached 3.31 million twenty-foot equivalent units (TEUs) in 2025, up more than 65 percent from a year earlier.

“It is particularly noteworthy that the Hainan FTP launched island-wide special customs operations at a time of intensifying deglobalization and rising global uncertainty,” said Cui Weijie, deputy director of the Chinese Academy of International Trade and Economic Cooperation, a think tank with the Ministry of Commerce.

“It not only demonstrates China’s unwavering commitment to high-standard opening up, but also injects greater certainty and positive momentum into the global economy and international trade cooperation,” Cui said.

Hashtag: #HainanFreeTradePort #HainanFTP #CustomsReform #FreeTradePort #DutyFreeTrade

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• China Tourism Group Duty Free (“CTG Duty-Free”) to acquire DFS’ stores in Hong Kong and Macau and intangible assets in Greater China
• CTG Duty-Free and LVMH to develop further collaborations
• LVMH and the Miller Family to subscribe to CTG Duty-Free’s H-shares

HONG KONG SAR – Media OutReach Newswire – 20 January 2026 – DFS, a global leader in luxury travel retail owned by LVMH and DFS’ co-founder and shareholder Robert Miller, and CTG Duty-Free, a prominent travel retail operator headquartered in Beijing, today announced a definitive agreement for CTG Duty-Free to acquire DFS’ travel retail business in Hong Kong and Macau and intangible assets in Greater China.

Through this transaction, CTG Duty-Free will acquire the DFS retail stores in Hong Kong and Macau¹ as well as intangible assets encompassing a series of DFS brands and intellectual properties for exclusive use in Greater China. CTG Duty-Free will conduct the acquisition through its wholly owned subsidiary, China Duty Free International Limited. The proceeds of this transaction will be paid in cash. Following this transaction, DFS will continue to operate its other luxury travel retail operations worldwide.

In a complementary move, LVMH and the Miller Family will participate in a capital increase of CTG Duty-Free by subscribing to newly issued H-shares listed in Hong Kong. The subscription amount represents a small part of their proceeds, and the subscription will be made upon completion of the transaction.

CTG Duty-Free and LVMH also entered into a memorandum of understanding pursuant to which both parties aim to set up a strategic cooperation notably in the retail sector where the strategies of both parties are aligned and in line with the current business model of the LVMH Maisons. This cooperation will offer CTG Duty-Free and LVMH opportunities to leverage their respective strengths and forge further collaborations in Greater China to achieve mutual benefits, e.g. in the areas of product sales, store establishment, brand promotion, cultural communication, travel services or customer experience.

Luke Chang, Executive Director and President of CTG Duty-Free, commented: “This move will further expand CTG Duty-Free’s service network across the Greater Bay Area, aiming to build a platform for promoting China-chic brands globally and establish an international business mid-platform. CTG Duty-Free remains committed to providing high-quality travel retail experiences to both domestic and international tourists, fulfilling its responsibility as a central state-owned enterprise-controlled listed company to support the high-quality development of the retail economy in Hong Kong and Macau. Executed under the leadership of its parent company, China Tourism Group, this represents a significant step in accelerating CTG Duty-Free’s international business layout and actively implementing the Greater Bay Area Strategy and the “China-chic Brands Going Global” Strategy.”

Ed Brennan, Chairman and CEO of DFS, commented: “The sale of our Hong Kong and Macau stores marks an important step for DFS. DFS’ well-established presence and operational excellence in Hong Kong and Macau is an achievement we take great pride in. The DFS shopping experience will be carried forward and enhanced by the new skills and perspectives that CTG Duty-Free will bring. We are proud of our journey in this region and grateful to everyone who has been a part of it.”

Michael Schriver, President of LVMH for North Asia commented: “For decades, DFS has played a pivotal role in shaping Hong Kong and Macau into premier destinations for travel retail. As we look to the future, we consider China Tourism Group Duty Free to be the ideal partner to operate the DFS business in Hong Kong and Macau and to lead it into its next chapter, thanks to their expertise and proven track record in travel retail. This whole operation underscores our confidence in the long-term potential of the Chinese market.”

The completion of this transaction remains subject to customary closing conditions and is expected to close in around two months.

China Galaxy International acts as the sole financial advisor to CTG Duty-Free for this transaction, King & Wood Mallesons acts as the legal advisor to CTG Duty-Free, and Freshfields acts as the legal advisor to DFS and LVMH.

China Tourism Group Duty Free Corporation Limited (601888.SH, 1880.HK)

China Tourism Group Duty Free Corporation Limited (“CTG Duty-Free”) is a large listed company controlled by China Tourism Group. Its business includes duty-free retail, tax-paid retail, and the development of travel retail complexes. The company operates nearly 200 duty-free stores across more than 100 cities worldwide. CTG Duty-Free is the global duty-free operator with the most comprehensive range of store types and the largest number of retail outlets in any single country, with sales volume ranking among the world’s highest.

DFS: Your Personal Guide to The World of Luxury

DFS Group is the leading luxury travel retailer. Established in 1960, DFS Group continues to be a pioneer in global luxury travel retail, offering its customers a carefully curated selection of exceptional products from the most desired brands. Its stores are present in major global airports and downtown locations. DFS Group is privately held, and majority owned by the world’s largest luxury conglomerate, LVMH, alongside DFS co-founder and shareholder Robert Miller.

LVMH Moët Hennessy Louis Vuitton SE (MC.PA)

LVMH Moët Hennessy Louis Vuitton (“LVMH”) is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Colgin Cellars, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de mi Tierra, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Bodega Numanthia, Ao Yun, Château d’Esclans, Château Galoupet, Joseph Phelps and Château Minuty. Its Fashion and Leather Goods division includes Louis Vuitton, Christian Dior, Celine, Loewe, Kenzo, Givenchy, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Loro Piana, RIMOWA, Patou, Barton Perreira and Vuarnet. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe, Benefit Cosmetics, Make Up For Ever, Acqua di Parma, Fresh, Fenty Beauty by Rihanna, Maison Francis Kurkdjian and Officine Universelle Buly. LVMH’s Watches and Jewelry division comprises Bulgari, TAG Heuer, Tiffany & Co, Chaumet, Zenith, Fred, Hublot and l’Epée. LVMH is also active in Selective Retailing as well as in other activities through DFS, Sephora, Le Bon Marché, La Samaritaine, Groupe Les Echos-Le Parisien, Paris Match, Cova, Le Jardin d’Acclimatation, Royal Van Lent, Belmond and Cheval Blanc hotels.

LVMH Contacts:

• Media: Jean-Charles Tréhan, [email protected], + 33 1 44 13 26 20
• Analysts and investors: Rodolphe Ozun, + 33 1 44 13 27 21

CTG Duty-Free Contacts:

• Media:
  1. Dan LIU, [email protected], +86 10 8447 8888 ext.8337
  2. Jojo CHEN, [email protected], +852 2726 9336
• Analysts and investors: [email protected], +86 10 8447 9696

DFS group Contact:

• Velda Steel – [email protected]

¹ Excluding the City of Dreams store in Macau

Hashtag: #DFS

The issuer is solely responsible for the content of this announcement.