Wal-Mart’s Third Beijing Store Greets Customers
RMB100, 000 Donated for Local Environment Protection

Dec 7, 2005

(December 7, 2005, Beijing) Today, the world’s largest retailer Wal-Mart celebrated the grand opening of its third store in Beijing, Wal-Mart Supercenter Beijing Xuanwumen Store, located at No. 28, Xuanwai Road, Xuanwumen District. Mr. Wu Gaoshan, Magistrate of Xuanwu government and Mr. Joe Hatfield, Senior Vice President of Wal-Mart Stores, Inc. and President & CEO of Wal-Mart Asia attended the ceremony.

At the opening of Wal-Mart Supercenter Xuanwumen Store, Wal-Mart donated RMB 100,000 to Beijing Xuanwu District Environmental Protection Agency for environment protection initiatives in the local community.

Mr. Stanley Yu, Vice President of Wal-Mart China said that On July 7th, 2003, Wal-Mart opened its first Beijing store—Sam’s club in Shijingshan District. In May this year, Wal-Mart Supercenter Zhichun Road Store in Haidian District was opened, both stores have accomplished satisfactory achievements not only in serving local customers but also in carrying out community activities. Wal-Mart has integrated into the communities.

Many Beijing local product Items including household electronic appliances, dried foods, dairy products, vegetables, deli, tobacco, alcohol, candies, etc have been brought into Wal-Mart’s local and even national procurement. These local products not only enrich Wal-Mart’s merchandise variety but also benefit Beijing’s manufacturing industry. Under the great support of Xuanwu District Government, Wal-Mart’s third Beijing store was successfully opened. The new store will be very well accepted by the local consumers and will contribute to the local economy.

Located at Basement One and Ground Floor, No. 28, Xuanwai Road, Xuanwu District., 400 meters away to the south of Xuanwumen Metro Station, Wal-Mart Supercenter Xuanwumen Store covers a construction area of 18,000 square meters and carries about 20,000 items, including fresh foods, apparels, household electrical appliances, cosmetics, etc., and has three self-support service areas featuring optical service, jewelry and one-hour photo service.

Supercenter is the major business format of Wal-Mart China, providing customers with high quality merchandise at low prices under the philosophy of “Every Day Low Price”. Wal-Mart associates are committed to providing the customers with great shopping experience. With over 20,000 merchandising items, the new Wal-Mart store will be able to provide customers with a “One Stop Shopping” experience, saving them time and money. As a return to customers’ support, Wal-Mart offered great value merchandise and provided a series of retailtainment events during the grand opening.

Wal-Mart China opened its first Supercenter and SAM’S CLUB in August 1996 in Shenzhen. Till now, Wal-Mart China has opened 51 stores in 24 cities, including Shenzhen, Kunming, Fuzhou, Dalian, Xiamen, Shantou, Dongguan, Harbin, Changchun, Shenyang, Changsha, Beijing, Nanchang, Jinan, Qingdao, Tianjin, Nanjing, Nanning, Wuhan, Guiyang, Taiyuan, Chongqing and Jinjiang. Wal-Mart Supercenter Beijing Xuanwumen Store is the 52nd unit opened in China.

Wal-Mart adheres to the corporate culture of “Respect for the Individual, Service to Our Customers and Strive for Excellence”. Wal-Mart’s direct and indirect procurement from China exceeded USD18 billion in 2004, which made tremendous contribution to China’s economy and foreign trade development. Wal-Mart also actively contributes to various charitable programs. Since 1997, Wal-Mart’s donations to charitable organizations have reached over RMB 20 million. By the end of November, 2005, Wal-Mart employs more than 27,000 associates in China with a total investment of RMB1.7 billion. Wal-Mart has also paid taxes of over RMB 1.5 billion.

Wal-Mart is the world’s largest retailer. In 2004, Wal-Mart achieved global sales of USD 285.2 billion. It topped the Fortune Global 500 for four consecutive years and was also named as one of the “Most Admired Companies” and the “Best Companies to Work for” in many countries. Wal-Mart employs 1.6 million associates worldwide, operates over 6,000 stores and receives nearly 140 million customers in the United States, Mexico, Puerto Rico, Canada, Argentina, Brazil, China, South Korea, Germany and UK. Wal-Mart owns a 42% interest in Seiyu, Ltd., a leading retailer with over 400 stores throughout Japan.