China Resources Vanguard

• 1984: China Resources Supermarket (CR Supermarket), former name of China Resources Vanguard, was founded. • 1991: CR Supermarket opened its first store in Mainland China. • 2001: China Resources acquired a 72% stake in Shenzhen Vanguard Super Department Store. China Resources Supermarket merged with Shenzhen Vanguard Super Department Store. • 2002: China Resources fully acquired Shenzhen Vanguard Super Department Store and renamed it as China Resources Vanguard Shop. • 2005: Introduction of new sunflower logo. • 2007: China Resources Holdings acquired Tianjin company China Resources Supermarket Chain. • 2010: The first blt boutique supermarket opened. • 2012: Vanguard launched new brand "V+ urban boutique supermarkets". • 2013: Set up joint venture with Tesco. • 2015: Sale of supermarket business to improve the performance of China Resources Enterprise. Opened first U Select by Tesco store in Hong Kong. == Brands ==

Mainland China • Vanguard - standard supermarkets • Ole' - upmarket supermarket with a focus on imported food • blt - upmarket supermarket with a focus on fresh food, styled as a farm market • blt Express - smaller blt stores • VanGO - convenience stores • 乐购 express - former Tesco Express stores • Voi_la! - wine cellar • V+ - upmarket urban boutique supermarket aimed at China's growing middle class Hong Kong (former operations) • Vanguard - standard supermarkets • VanGO - convenience stores • U Select - stores with at least one third Tesco products • Voi_la! - wine cellar ==References==