Wal-Mart Opens the First Store
in Yuxi, Yunnan Province

Dec 9, 2005

(December 9, 2005, Yuxi, Yunnan) Today, the world’s largest retailer Wal-Mart celebrated the grand opening of its first store in Yuxi, Wal-Mart Supercenter Yuxi Dongfeng Square Store, located nearby Dongfeng Square in Hongta District. Mr. Li Shu Fu, Vice Mayor of Yuxi government and officials from Hongta District attended the ceremony. In addition, attendees from Wal-Mart included Mr. Joe Hatfield, Senior Vice President of Wal-Mart Stores, Inc. and President & CEO of Wal-Mart Asia.

At the opening of Wal-Mart Supercenter Dongfeng Square Store, Wal-Mart donated RMB 200,000 to Yuxi Committee of Communist Youth League for water vaults’ construction for those farmers living in droughty areas. This project will make contribution for improving the farmers’ living condition. Mr. Stanley Yu, Vice President & COO of Wal-Mart China said that Wal-Mart had operated 52 outlets in 24 cities since it entered China almost ten years ago. 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.

Wal-Mart Supercenter Dongfeng Square Store occupies a construction area of 17,000 square meters; it carries about 20,000 items, including fresh foods, frozen foods, optical products and jewelry, etc. In appreciation of the customers’ support, Wal-Mart will offer great promotional valued merchandise and provide 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 operated 52 stores in 24 cities, including Shenzhen, Kunming, Fuzhou, Dalian, Xiamen, Shantou, Dongguan, Harbin, Changchun, Shenyang, Changsha, Beijing, Nanchang, Jinan, Qingdao, Tianjin, Nanjing, Nanning, Guiyang, Wuhan, Taiyuan, Chongqing, Shanghai and Jinjiang. Wal-Mart Supercenter Dongfeng Square Store is the 53rd 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 RMB20 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 RMB1.5 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 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 6000 stores and receives nearly 140 million customers per week.