INNOVATION DRIVES FASHION FORWARD

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The Revenue of China World Trade Center Grew by 22% to RMB 1.75 Billion

September 4,2021

According to the 2021 Mid-term Financial Report released by the China World Trade Center (“CWTC”) (SH:600007) in the evening of August 26, the company’s revenue had grown by 22.05% to RMB 1.75 billion in the first half of 2021, an increase of 1.4% from RMB 1.723 billion in the same period of 2019, and the net profit attributable to shareholders had grown by 25.59% to RMB 511 million, an increase of 4.7% from RMB 488 million in the same period of 2019.

In addition, the company’s total assets were RMB12.368 billion, which is an increase of 3.34% from the same period of 2020 and is higher than RMB 11.326 billion in the same period of 2019.

The CWTC is mainly engaged in property leasing and management and hotel operations, which according to the 2020 annual report, contributed 89.16% and 0.84%, respectively, to the company’s operating income.

The main building complex of the CWTC is located in the core area of Beijing's CBD.

The China World Mall is one of the first upscale shopping malls in Beijing to introduce luxury brands and operate in luxury retail. It has gathered a large number of flagship stores from top international luxury brands, many of which have opened their first flagship stores in the China World Mall, including Louis Vuitton, Dior, Loewe, Chloé, and Berluti. The Louis Vuitton Foundation also established its first site in China at the China World Mall, similar to the first 3-in-1 shop of Chanel worldwide.

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