证券代码：000430 证券简称：*ST张股 公告编号：2025-065 张家界旅游集团股份有限公司 出资人组会议决议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 特别提示 1.本次出资人组会议不存在否决议案的情形。 2.本次出资人组会议不涉及变更以往股东会已通过的决议。 3.本次出资人组会议表决通过了《张家界旅游集团股份有限公司 及其子公司重整计划（草案）之出资人权益调整方案》。 一、会议召开和出席情况 （一）会议召开情况 （二）会议出席情况 1.出席会议的总体情况 1.会议召开的日期、时间： 现场会议时间为：2025 年 12 月 15 日上午 09:00 网络投票时间为：2025 年 12 月 15 日 其中，通过深圳证券交易所系统进行网络投票的具体时间为 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网 投票系统投票的具体时间为 2025 年 12 月 15 日 9:15 至 15:00 的任意 时间。 2.现场会议地点：湖南省张家界市张家界国际大酒店二楼会议室 3.会议的召开方式：现场投票与网络投票 ...

Core Viewpoint - Zhangjiajie Tourism Group Co., Ltd. (referred to as "Zhang Group") is undergoing restructuring and has announced plans to establish a joint venture with Hunan Electric Media Co., Ltd. and Mango Super Media Co., Ltd. to invest in the renovation and operation of the Dayong Ancient City project, with a total investment of up to 180 million yuan [1][2] Group 1: Joint Venture and Investment - The joint venture, tentatively named "Zhangjiajie Mango Cultural Tourism Co., Ltd.," will have a registered capital of 180 million yuan, with each party contributing 60 million yuan, representing one-third of the capital [2] - The joint venture will not be consolidated into Zhang Group's financial statements and will be controlled indirectly by Mango Media Co., Ltd. [2] - The board of the joint venture will consist of five directors, with Zhang Group nominating one and the other two companies nominating two each [2] Group 2: Operational Agreement - The operational cooperation agreement will allow the joint venture to manage the Dayong Ancient City project until the end of 2045 [3] - The operational fees will include a fixed annual fee of 7 million yuan starting from January 1, 2026, and a revenue-sharing model for ticket sales [3] - The joint venture aims to enhance the project’s quality and brand image by leveraging local culture and modern technology [3] Group 3: Financial Performance and Restructuring - Zhang Group has faced continuous losses over the past five years, with reported revenues of 1.69 billion yuan in 2020 and projected revenues of 4.32 billion yuan in 2024 [4] - The company reported a net profit loss of 223.97 million yuan in the first three quarters of the current year, although it showed signs of recovery in the third quarter with a profit of 10.87 million yuan [4] - A total of 17 investors have signed restructuring investment agreements, committing approximately 1.586 billion yuan to revitalize the Dayong Ancient City project [5]

Core Viewpoint - The restructuring of Zhangjiajie Tourism Group, with the involvement of Hunan Broadcasting and Television Group, aims to revitalize the "Dayong Ancient City" project and enhance the tourism industry in Zhangjiajie [1][2]. Group 1: Restructuring and Investment - Zhangjiajie Tourism Group's subsidiary, Dayong Ancient City Development Co., plans to sign an operational cooperation agreement with a joint venture company formed by Hunan Broadcasting and other partners [1]. - The restructuring process was officially initiated by the Zhangjiajie Intermediate People's Court, which accepted the restructuring application on November 3, 2025 [1]. Group 2: Project Details - The Dayong Ancient City project covers approximately 240 acres and aims to create a comprehensive cultural tourism complex that integrates dining, accommodation, entertainment, and shopping [2]. - The project will be themed "Youth Dayong City" and is scheduled to open in July 2026 after significant renovations [2]. Group 3: Strategic Importance - This strategic cooperation is a key action to implement the Hunan provincial government's requirements for revitalizing the Dayong Ancient City and is part of a broader initiative to transform Zhangjiajie into a world-renowned tourist destination [2][3]. - Hunan Broadcasting's involvement is seen as a response to the call for cultural and tourism integration in Hunan, leveraging its IP advantages to activate core tourism assets in Zhangjiajie [3].

Core Viewpoint - Zhangjiajie Tourism Group Co., Ltd. is moving forward with its restructuring process by establishing joint ventures with Hunan Electric Media Co., Ltd. and Mango Super Media Co., Ltd. to enhance its operational capabilities and improve the quality of its tourism projects [10][12][31]. Group 1: Board Meeting Resolutions - The board meeting on December 2, 2025, approved the establishment of a joint venture with Hunan Electric Media and Mango Super Media, which will be named Zhangjiajie Mango Cultural Tourism Co., Ltd. with a registered capital of 180 million RMB [11][12][31]. - The board also approved the operational cooperation for the Dayong Ancient City project, which will involve the joint venture in managing and enhancing the project [4][39]. - All resolutions were passed unanimously with 9 votes in favor, and the matters will be submitted for shareholder approval [3][5]. Group 2: Joint Venture Details - The joint venture will have a capital structure where each party contributes 60 million RMB, representing one-third of the total capital [11][21]. - The joint venture aims to leverage local culture and modern technology to enhance the Dayong Ancient City project, creating a vibrant tourism destination [31][54]. - The operational cooperation agreement outlines the responsibilities and rights of each party, including profit-sharing arrangements and management structures [48][52]. Group 3: Financial and Operational Implications - The establishment of the joint venture is expected to significantly improve the operational efficiency and market appeal of the Dayong Ancient City project, contributing to the overall growth of Zhangjiajie’s tourism sector [31][54]. - The operational cooperation will include a fixed annual fee of 7 million RMB and a profit-sharing model based on ticket sales, with 90% going to the company and 10% to the joint venture [52][53]. - The joint venture will also focus on marketing and promoting the Dayong Ancient City project through various media channels, enhancing its visibility and attractiveness to tourists [26][31].

Core Viewpoint - The announcement details the establishment of a joint venture named "Zhangjiajie Mango Cultural Tourism Co., Ltd." involving three companies: Dianguang Media, Mango Super Media Co., Ltd., and Zhangjiajie Tourism Group Co., Ltd. [1] Group 1: Joint Venture Details - The registered capital of the joint venture is set at RMB 180 million [1] - Each of the three companies will contribute RMB 60 million, representing a shareholding ratio of approximately 33.33% for each party [1]

电广传媒公告，公司、芒果超媒股份有限公司、张家界旅游集团股份有限公司拟共同投资设立"张家界 芒果文旅有限公司"（暂定名，最终以工商注册登记为准）。合资公司注册资本为人民币1.8亿元，电广 传媒以自有货币资金出资人民币6000万元，出资比例约为33.33%；芒果超媒以自有货币资金出资人民 币6000万元，出资比例约为33.33%；张旅集团以自有货币资金出资人民币6000万元，出资比例约为 33.33%。 ...

Core Viewpoint - Zhangjiajie Tourism Group Co., Ltd. (*ST Zhang) has selected Mango Excellent Media Co., Ltd. and Hunan Electric Broad Media Co., Ltd. as restructuring investors to participate in its restructuring process, with a formal investment agreement signed on November 13, 2025 [1] Group 1 - The joint venture "Zhangjiajie Mango Cultural Tourism Co., Ltd." is to be established with a registered capital of 180 million yuan, with each of the three parties contributing 60 million yuan, representing one-third of the total capital [1] - The joint venture will not be consolidated into *ST Zhang's financial statements and will be responsible for the quality improvement and actual operation of the Dayong Ancient City project [1] - The restructuring application for *ST Zhang was accepted by the Zhangjiajie Intermediate People's Court on November 3, aiming to protect the legal rights of creditors, debtors, and employees through a market-oriented and lawful process [1]

Core Viewpoint - *ST Zhanggu (000430.SZ) is progressing with the restructuring of Zhang Travel Group and has announced a partnership to enhance and operate the Dayong Ancient City project through a joint venture with partners [1] Group 1 - The subsidiary Dayong Ancient City Development Co., Ltd. plans to sign an operational cooperation agreement with the joint venture company Zhangjiajie Mango Cultural Tourism Co., Ltd. [1] - The joint venture involves collaboration with companies including Electric Broadcasting Media and Mango Super Media [1] - The focus of the partnership is on quality improvement and comprehensive operational cooperation for the Dayong Ancient City project [1]

证券代码：000430 证券简称：*ST张股 公告编号：2025-063 张家界旅游集团股份有限公司 关于子公司大庸古城项目运营合作暨关联交易的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、关联交易概述 1.2025 年 11 月 3 日，张家界中院裁定受理张家界旅游集团股份 有限公司（以下简称"张旅集团"或"公司"）重整申请，为推动张 旅集团重整程序顺利进行，最大程度维护债权人、债务人、职工等相 关各方的合法权益，管理人遵循市场化、法治化原则，公平、公正、 公开地开展重整投资人招募工作。经公开招募与遴选，芒果超媒股份 有限公司（以下简称"芒果超媒"）、湖南电广传媒股份有限公司（以 下简称"电广传媒"）（"芒果超媒"和"电广传媒"合称"电广传 媒联合体"）被正式选定为重整投资人参与张旅集团重整投资并且于 2025 年 11 月 13 日与张旅集团签署《张家界旅游集团股份有限公司 之重整投资协议》（以下简称"重整投资协议"）。 2.在张旅集团重整事项逐步推进且重整投资协议签署的背景下， 公司子公司张家界大庸古城发展有限公司（以下简称"大庸古城公司"） ...

证券代码：000430 证券简称：*ST张股 公告编号：2025-062 张家界旅游集团股份有限公司 关于对外投资设立合资公司暨关联交易的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 2.在张旅集团重整事项逐步推进且重整投资协议签署的背景下， 公司、电广传媒、芒果超媒拟共同投资设立合资公司"张家界芒果文 旅有限公司"（暂定名，最终以工商注册登记为准，以下简称"合资 公司"）。合资公司注册资本为 1.8 亿元人民币，其中张旅集团货币 出资 6000 万元，占注册资本的 1/3；电广传媒货币出资 6000 万元， 占注册资本的 1/3；芒果超媒货币出资 6000 万元，占注册资本的 1/3。 合资公司将成为张旅集团不并表参股公司。 3.根据《重整投资协议》及《张家界旅游集团股份有限公司及其 子公司重整计划（草案）之出资人权益调整方案》（以下简称"《权 益调整方案》"）（详见公司分别于 2025 年 11 月 15 日、11 月 29 日披露在巨潮资讯网上的《张家界旅游集团股份有限公司关于与部分 重整投资人签署协议的公告》（公告编号：2025-051）和《权 ...