Page 7 EXHIBIT 1: WALMART FINANCIAL RESULTS, FISCAL YEARS 2011-2015 (amounts in US$ millions, except gross profit margin) 9B150018 2015 2014 Net sales 482 229 473,076 Cost of sales Gross profit margin (5) Operating, selling and general administrative 365,086 358,069 24.3 24.3 93,418 91,353 2013 2012 2011 465,604 443.416 418.500 352,297 335,127 24.3 88,629 314,946 24.5 24.8 85,265 81,361 expenses Operating income 27,147 Income from continuing operations before tax 24,799 Net income Inventories Property, equipment and capital lease assets Total assets Long-term debt and capital lease obligations Shareholders equay Souca Walmart Stores, Inc 2015 Annual Report 81,394 76,255 76,343 71,315 68,542 26,872 27,725 26,558 24,656 25,662 24,398 23,538 16,363 16.022 16,999 15,699 16,389 45,141 44,858 43,803 40,714 36.437 116,117 117,907 116,681 112,324 107,878 203,706 204,751 203,105 193,406 180,782 43,692 44,559 41,417 47,079 43,842 25.542 EXHIBIT 2: TRANSFORMATION OF WALMART CHINA'S PERISHABLE SUPPLY CHAIN Buying strategy Number of regional buying offices Number of suppliers Distribution centre volume as percentage of total Number of distribution centres Store coverage Daly average volume (cases) Category.coverage Systems Quality control systems Replenishment visibility Number of temperature zones Source Company les 2012 28 2058 3% 101 SREEL 2015 Centralized 0 820 60% 11 Evity manupl None-handed by stores None 416 120.000 12. Partially automatic Standardized Standardized EXHIBIT 3: DONGGUAN DISTRIBUTION CENTRE PEAK DAILY VOLUME PROJECTION" (in cases per day) 10000 140000 120.000 300,000 80,000 of Cases 78620 060 30,000 Source: Company Mes 2004 2017 2018 2019 2020 () 341573 118.17 2021 2013 2003 2004 EXHIBIT 4: DISTRIBUTION CENTRE FACILITY COSTS FOR STAPLE STOCK AND CROSS DOCK Interior construction OPTIONS (in US$ million) Staple Stock Distribution Centre 154 Cross Dock Distribution Centre 1.20 Management Information Systems (MIS) Equipment servers, printers, etc 100 1.00 Cabling, uninterruptible power supply, etc. Total MIS 0.46 0.32 1.46 1.32 Materials Handling Equipment (MHE) Forklift and other MHE 6.72 4.59 Racking 1.99 Office furniture Total MHE Total Source: Company Nes 0.09 0.09 8.80 4.68 $11.80 $ 7.20