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Shenzhen, Feb. 24th, 2004 – Wal-Mart announces the grand opening of its tenth Supercenter in Shenzhen today. The Wal-Mart Supercenter Buji Dafen Store is Wal-Mart’s first store outside Shenzhen Special Economic Zone, seven years after it successfully opens its first Supercenter and SAM’S CLUB in the city. Joe Hatfield, CEO & President of Wal-Mart Asia, Cassian Cheung, President of Wal-Mart China, and government officials from Longgang District attend the opening ceremony. At the ceremony, Wal-Mart announces to donate RMB75,000 to Shenzhen Yuanping Special School for the establishment of an e-reading room to improve the disabled children’s study capability there.

The Wal-Mart Supercenter Buji Dafen Store is located on the first to third floors of Longji Building in Dafen Country, Longgang District. It has a business area of 17,000 square meters with parking lots for 150 vehicles and provides over 20,000 kinds of merchandise, including fresh food, frozen food, grocery, housewares, household chemicals, cosmetics, household electronic appliances, apparels, bedding and toys. The store models the latest Wal-Mart Supercenter in the U.S. and has become the flag shop in China. Considering the strong demand of volume purchase from factories nearby, Wal-Mart specially offers bulk purchase and delivery services. Free shopping bus is also another service for customers’ convenience. Wal-Mart Supercenter opens from 7:00 to 21:00.

Cassian Cheung, President of Wal-Mart China, says at the ceremony that during the past seven years, Wal-Mart has gained popularity among Shenzhen citizens with its Every Day Low Price and friendly customer service, and has promoted the development of Shenzhen’s commerce and retailing industry. To Shenzhen citizens Wal-Mart equals low-priced merchandise of high quality and satisfaction guaranteed services. Wal-Mart Supercenter Dafen Store will continue its Every Day Low Price operating philosophy and offer customers outside the Special Zone to enjoy the warm services by Wal-Mart associates and the fun of shopping at Wal-Mart.

Having long-term commitment of Good Works to the community, Wal-Mart donates RMB75,000 to Yuanping Special School for the establishment of an e-reading room, as an effort to propel the cause of special education in Shenzhen and to ease the reading difficulties for disabled students there.

Wal-Mart opened its first Supercenter and SAM’S CLUB in Shenzhen in 1996. Since then, it has opened 34 stores in 17 cities, including Shenzhen, Kunming, Fuzhou, Dalian, Xiamen, Shantou, Dongguan, Harbin, Changchun, Shenyang, Changsha, Beijing, Nanchang, Jinan, Qingdao, Tianjin and Nanjing. Now it has 29 Supercenters, 3 SAM’S CLUBS and 2 Neighborhood Markets.

Wal-Mart practices its “Every Day Low Price” operating philosophy, promotes the corporate culture of “ Respect for the Individuals, Services to Our Customers and Strive for Excellence” and is committed to providing high quality low priced products and warm and friendly service to customers. Wal-Mart procures over USD15 billion merchandise from China on direct and indirect basis in 2003, making positive contributions to China’s economic and foreign trade development. Wal-Mart also takes an active role in welfare causes. Since 1997, Wal-Mart China has donated over RMB9 million to social welfare agencies, Hope Schools and disaster relief agencies.

In 2002 Wal-Mart achieved global sales of USD256.3 billion and had topped the Fortune Global 500 for two consecutive years. It was also named as one of the “Most Admired Companies” and the “Best Companies to Work for” in many countries. At present Wal-Mart has nearly 1.5 million associates worldwide and operates over 4,900 stores in the US, Mexico, Puerto Rico, Canada, Argentina, Brazil, China, South Korea, Germany and the UK.