Wal-Mart opens its first store in Yantai

June 15, 2006

Yantai, Date, June 15th, 2006 – Today, Wal-Mart celebrated the grand opening of its first store in Yantai, Shandong Province – the Wal-Mart Supercenter Yantai Haigang Road Store. Officials from Yantai Municipal Government joined leaders from Wal-Mart (China) Investment Co., Ltd. at the opening ceremony.

Following the Company’s tradition of Good Works, Wal-Mart donated RMB 200,000 to local Red Cross Association to support local charity and environmental protection projects. Half of the grant will be donated to Social Welfare Center in Zhifu District, Yantai City for equipments such as computers, projectors, pianos, and drums etc. The other 100,000 will be donated to two villages, Dazhai village, Xixia Guanli town and Lu’ergang village, Laiyang Zhaowang town for the construction of drinking water project to improve living standard and health condition of the villagers.

At the opening ceremony, officials from various government organizations expressed their welcome and appreciation for the Wal-Mart Store in Yantai city. They expect that Wal-Mart will continue to bring along advanced retail expertise and to promote the development of logistics and manufacture industry. Mr. Stanley Yu, Vice President of Wal-Mart (China) Investment Co., Ltd. & COO, said that Wal-Mart had operated 58 outlets in 28 cities since it entered China almost ten years ago. Yantai Store is the 59th outlet we opened in China, also the forth stores we have in Shandong. Wal-Mart is confident that it will be well received by Yantai residents and will contribute to Yantai economy.

Located on the underground floor of Yantai Sunshine International Plaza at Haigang Road in Yantai, the new Wal-Mart Supercenter has a floor area around 15,000 square meters, offering nearly 18,000 merchandises ranging from fresh foods, apparels, household electrical appliances etc. It also has three special service areas featuring optical service, jewelry and photo service. As a return to customers’ support, Wal-Mart Yantai Haigang store offers great value merchandises and provides a series of entertainment events during the grand opening.

About Wal-Mart China

Wal-Mart China opened its first Supercenter in August 1996 in Shenzhen and now operates 59 outlets including Supercenters, SAM’S CLUBs, and Neighborhood Markets in 29 cities with over 30,000 associates. Wal-Mart has brought with it advanced management expertise to China’s retail industry and provided local customers with good merchandise and services during 10 years’ serving in China. For more information about Wal-Mart China, please visit www.wal-martchina.com.