In line with the aforementioned opportunities and continuing with our expansion plan, during 2016, there were four club openings. The first one to open its doors was SW Merida during the month of February; it has had a very positive occupation increment curve. The second one, in the city of Guadalajara, started its operations in May. Two more clubs, also in the city of Guadalajara, started their operations in October.

Merida and Guadalajara are important cities in Sports World's expansion. The first one is characterized for being one of the cities with most development potential in the country, with a growing demand for fitness services and a limited offer of family sports clubs and other wellness services. Guadalajara is one of the largest cities in the country and it has one of the highest purchase powers, where there is also a high demand for sports services and services oriented towards improving people's wellbeing.

With these openings, Sports World continues to consolidate its presence in the country, reaching a total of 49 clubs in operation in 13 states, with its biggest focus on Mexico City and its metropolitan area, where 35 of the clubs are located. This speaks about the still existing potential for growth in the country, which is why we will continue our expansion with a bigger focus on the rest of the country, without losing our focus in the areas that bring opportunities in the capital city and its metropolitan area.