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In general, the dutyfree business is becoming increasingly difficult

In general Despite this, China Duty Free Group is also actively expanding other dutyfree channels, such as

airport dutyfree shops and city dutyfree shops, and enhancing its competitiveness by introducing more brand goods.

However, these efforts have not yet fully revers the downward trend in performance.

The chairman position chang hands three times in two years

China Duty Free Group’s management phone number library turmoil in recent years has attract widespread attention.

Since 2022, the company’s senior management has chang frequently, especially the position of

chairman has chang three times in just two years.

Specifically, in February 2023, Chairman Peng Hui resign due to retirement and was succe by Li Gang;

in October of the same year, Li Gang di of illness and Wang Xuan took over as chairman; in October

2024, Wang Xuan resign as chairman due to work adjustments and was succe by Fan Yunjun.

In addition to frequent changes of chairman, company executives also resign one after another

On September 20, 2024, China Duty Free Group announc that Mr. Chen Guoqiang would no longer serve as Vice Chairman and Executive Director.

On September 24, 2024, China Duty Free real-time service: the new strategy for winning over customers Group announc that Mr. Wang Yuehao was the new deputy general manager.

On November 27, 2024, China Duty Free Group announc that Mr. Yu Hui would no longer serve as chief accountant.

On December 21, 2024

China Duty Free Group announc that its securities affairs representative He Yiheng submitt a written resignation report.

The management turmoil not only affect the company’s strategic continuity, but also further exacerbat the decline in the company’s performance.

Although management changes are consider trust review normal adjustments, frequent personnel changes still make the outside world full of doubts about the company’s future.

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