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Wal-Mart Opens Second Supercenter in Harbin

Nov.11, 2004

Harbin, November 11th, 2004 – Wal-Mart grandly opens its second Supercenter in Harbin today. Local government officials and Vice Presidents of Wal-Mart China John Reaves and Shawn Gray attended the opening ceremony.

Local government officials expressed warm welcome and appreciations to Wal-Mart for bringing two stores into Harbin within two and a half years.

Mr. Shawn Gray said, Wal-Mart had opened 41 stores in 20 cities around China in eight-year period, and won favor from local consumers through its Every Day Low Price and aggressive services. Today’s inauguration is for Wal-Mart’s 42nd outlet in China. Wal-Mart hopes to promote Harbin’s economic development and gain popularity among local consumers.

The Xianfeng Road Branch is about 18,000 square meters in area and covers two floors. It provides about 18,000 kinds of merchandise, including fresh food, apparel, household electrical appliances and household chemicals.

The Supercenter is second to the newly opened store in Wuhan to have Vision Center and Jewelry Department as well as Photo Center from grand opening. The Photo Center has a new self-service digital photo developing machine which can develop digital photos in 11 seconds. Besides, it offers old photo face-lifting service.

Supercenter is Wal-Mart’s major business format in China and aims to provide customers with high quality merchandise at low prices as well as aggressive service. It helps to save customer’s time and money by offering one-stop shopping experience. To appreciate the customers in Harbin, Wal-Mart offers price promotion for a series of products and various retailtainment during the grand opening.

Serving community is Wal-Mart’s tradition. Before the grand opening, the Supercenter donated RMB100,000 to social welfare cause. The donation is expected to raise the public’s concern on social welfare, and together to make contributions to communities.

Wal-Mart China opened its first Supercenter and Sam’s Club in Shenzhen in August 1996. Since then, Wal-Mart China has opened 41 stores in 20 cities, including Shenzhen, Kunming, Fuzhou, Dalian, Xiamen, Shantou, Dongguan, Harbin, Changchun, Shenyang, Changsha, Beijing, Nanchang, Ji'nan, Qingdao, Tianjin, Nanjing, Nanning, Guiyang and Wuhan. The Xianfeng Road Branch is Wal-Mart’s 42nd outlet in China.

Wal-Mart promotes the corporate culture of “Respect for the Individual, 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. The Company procured over USD15 billion worth of merchandise directly and indirectly in China 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 RMB19.23 million to social welfare agencies, education cause and disaster-stricken areas.

Wal-Mart is the world’s largest retailer. In 2003 Wal-Mart achieved global sales of USD256.3 billion and topped the Fortune Global 500 for consecutive three years. It ranked No. 1 in the “American’s Most Admired Companies” elected by Fortune magazine in 2002 and 2003 respectively. The Company 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 5500 stores in the United States, Mexico, Puerto Rico, Canada, Argentina, Brazil, China, South Korea, Germany and UK.