Summary of the Conference Call on Shiji Information and Amadeus Partnership Company and Industry Involved - **Company**: Shiji Information - **Partner**: Amadeus - **Industry**: Travel Technology and Hospitality Core Points and Arguments 1. **Global Strategic Partnership**: Shiji Information has entered into a global strategic partnership with Amadeus to fully integrate their Central Reservation System (CRS) with Property Management System (PMS) through API connections, creating a comprehensive travel technology platform covering the entire process from booking to check-out [2][3][10] 2. **Selection of Shiji by Amadeus**: Amadeus chose Shiji after a year-long evaluation of various cloud PMS providers, citing Shiji's functionality, product maturity, company strength, and technical capabilities as key factors [5][17] 3. **Benefits for Hotel Clients**: The partnership will provide hotel clients with a more complete and optimized one-stop solution, simplifying contract management and enhancing guest experience through the integration of Amadeus's ACRS technology with Shiji's solutions [6][10] 4. **Market Expansion Opportunities**: This collaboration allows Shiji to potentially enter the European and North American markets, despite existing concerns regarding data security in the U.S. [11][18] 5. **Technical Innovations**: The partnership will involve deep technical collaboration, including the development of a new inventory management system and the use of AI agents for automated processing, enhancing booking efficiency and user experience [12][14] 6. **Future Integration Plans**: If the initial integration of ACRS and Daylight is successful, it will lay the groundwork for further expansion across the entire travel industry value chain, enabling seamless connections from flight bookings to hotel check-outs [15][16] 7. **Long-term Vision**: The partnership is expected to drive significant technological transformation in the travel industry, with a focus on real-time data synchronization and improved operational efficiency [7][8][10] 8. **Revenue Sharing Model**: Shiji will share revenue with Amadeus, as the latter holds a significant share of the CRS systems used by many hotels [18] 9. **Post-Contract Plans**: After the five-year partnership, the future direction will depend on product integration success and market response, with existing contracts likely to remain in effect if clients continue using the systems [21] Other Important but Possibly Overlooked Content 1. **Client Confidence**: The collaboration is expected to enhance client confidence in Shiji's products, particularly regarding data security concerns in the hospitality industry [25] 2. **Marketing and Client Acquisition**: Both companies will engage in joint marketing efforts to attract more clients, particularly large hotel groups, by offering advanced and integrated solutions [9][10] 3. **Future Client Targeting**: Shiji is looking to target clients like Accor and Hyatt, who currently use different systems, by preparing interfaces for seamless integration [23][24] 4. **Financial Expectations**: The integration of products is anticipated to significantly boost client confidence and lead to noticeable impacts by 2026 [25][26]

Core Viewpoint - The partnership between Shiji Information and Amadeus is expected to significantly enhance Shiji's global promotion of its DAYLIGHT PMS, potentially transforming the travel industry through the integration of Amadeus's CRS and Shiji's PMS [1][3]. Group 1: Cooperation and Impact - Amadeus, as the largest GDS and CRS service provider, has chosen Shiji's DAYLIGHT PMS after its own attempts in the PMS market [1]. - The partnership includes an exclusive mutual agency agreement, which will leverage Amadeus's endorsement for global outreach [1]. - Successful integration of ACRS and DAYLIGHT PMS could automate the entire travel booking process, especially through AI Agent handling [3]. Group 2: Technical Development and Planning - Basic functionalities for CRS integration have been completed, with plans for further development of new features [2]. - A working group of senior business experts will be formed to plan specific development projects following the contract announcement [2]. Group 3: Financial Impact Expectations - The agreement with Amadeus is anticipated to significantly boost other clients' confidence in DAYLIGHT PMS, with positive impacts expected on the Annual Recurring Revenue (ARR) for 2026 [6]. Group 4: Cooperation Duration and Future Planning - The initial term of the agreement is five years, with options for extension, and the contract will remain effective if clients continue using Shiji's system [4]. - The immediate focus is on the integration of the DAYLIGHT PMS product [4]. Group 5: Client Expansion and Peripheral Products - Hotel peripheral systems will migrate to DAYLIGHT PMS, and the agency of this system will include peripheral systems [5]. - Shiji has completed the interface development with Sabre CRS for clients like Hyatt, laying a technical foundation for future collaborations [5].

Group 1: Partnership with Amadeus - Stone基信息 signed a significant business cooperation agreement with Amadeus, the world's largest GDS and CRS service provider, to integrate their systems [2][3] - The partnership is exclusive, meaning neither party will represent the other's competing products, enhancing global promotion for Stone基信息 [2][3] - The agreement has an initial term of 5 years, with the possibility of extension if clients continue using Stone基信息's systems [3][4] Group 2: Technical Development and Integration - Basic functionalities for CRS integration have been completed, with further development planned for new features based on the contract [3] - A specialized working group will be formed post-contract announcement to plan specific development projects [3] - Successful integration of ACRS and DAYLIGHT PMS could lead to a comprehensive automated travel experience for customers [3] Group 3: Market Expansion and Client Acquisition - Currently, only Accor and Hilton among the top five global hotel groups have not been engaged; future expansion depends on successful integration with Amadeus [4][5] - Hyatt's joint venture, MuMianHua Hotel, is already using DAYLIGHT PMS, laying a technical foundation for potential full cooperation [5] - The partnership with Amadeus is expected to significantly boost confidence among other clients, positively impacting ARR for 2026 [5]

Group 1: Participants Overview - The report lists a total of 79 participants from various investment firms and financial institutions [1][2] - Notable firms include UBS, HSBC, and several asset management companies [1][2] Group 2: Company Representation - Multiple representatives from 创金合信基金 (CICC) are present, indicating strong interest [1] - Other significant firms include 东方财富 (Eastmoney), 国泰君安证券 (Guotai Junan Securities), and 中金公司 (CICC) [1][2] Group 3: Investment Focus - The diversity of firms suggests a broad interest in investment opportunities across different sectors [1][2] - The presence of both domestic and international firms indicates a global perspective on investment strategies [1][2]

Core Viewpoint - The signing of multiple agreements between Shiji (US) Inc. and Amadeus Hospitality signifies a strategic partnership aimed at enhancing product connectivity and market reach in the hospitality technology sector [1][10]. Group 1: Contract Signing Overview - On September 11, 2025, Shiji (US) Inc., a wholly-owned subsidiary of Beijing Shiji Information Technology Co., Ltd., signed three agreements with Amadeus Hospitality, including the Partner Connectivity Agreement, Mutual Resale Agreement, and Mutual Referral Agreement [1][2]. - The agreements were approved in the company's seventh presidential office meeting of 2025 and do not require further board or shareholder approval as there is no related party relationship [2][3]. Group 2: Agreement Details - The Partner Connectivity Agreement establishes API connections between Shiji's DAYLIGHT PMS and Amadeus Hospitality's Central Reservation System (CRS) and other products, effective from September 15, 2025, with an initial term of five years [2][5][7]. - The Mutual Resale Agreement allows Amadeus Hospitality to act as a non-exclusive marketing and sales agent for DAYLIGHT PMS, while Shiji (US) Inc. will promote Amadeus products, also effective from September 15, 2025, for five years [6][8]. - The Mutual Referral Agreement facilitates mutual recommendations of each other's products to potential clients, also effective from September 15, 2025, with a five-year initial term [9][10]. Group 3: Impact on the Company - The agreements represent recognition of Shiji's brand, products, and technology by a global travel technology company, enhancing competitive advantages and providing integrated support services in the hotel industry [10]. - The collaboration is expected to accelerate the global market penetration of Shiji's cloud-based hotel management system, particularly among hotels already using Amadeus products, thereby attracting more international brand clients [10]. - While the agreements are expected to positively influence the company's global business expansion, they are considered framework agreements and are not anticipated to have a significant impact on the company's financial performance in the current year [11].

Core Viewpoint - The announcement highlights a strategic partnership between Shiji Information and Amadeus Hospitality, aimed at enhancing the hotel industry's value through integrated product offerings and API connections [1] Group 1: Partnership Agreements - Shiji Information's wholly-owned subsidiary, Shiji USA, has signed multiple agreements with Amadeus Hospitality, including a partnership connection agreement, mutual agency agreement, and mutual recommendation agreement [1] - These agreements will facilitate the establishment of API links between specific products from both companies, such as DAYLIGHT PMS, to improve service offerings in the hotel sector [1] Group 2: Competitive Advantage - The collaboration is expected to enhance the competitive advantages of both companies' core products, providing integrated support services to clients [1] - This partnership is particularly beneficial for Shiji's next-generation cloud-based hotel information management system, DAYLIGHT PMS, as it aims to accelerate its market penetration globally [1]

Core Insights - Shiji Information (002153.SZ) announced that its wholly-owned subsidiary, Shiji (US) Inc., has signed multiple agreements with Amadeus Hospitality, including the Partner Connectivity Agreement, Mutual Resale Agreement, and Mutual Referral Agreement [1] Group 1: Agreements Overview - The Partner Connectivity Agreement outlines the API connections between Shiji's products, such as DAYLIGHT PMS, and Amadeus Hospitality's specific products, including the Central Reservation System (CRS) and Delphi sales banquet system [2] - The Mutual Resale Agreement authorizes Amadeus Hospitality to act as an agent for Shiji's specific products, while Shiji (US) Inc. is authorized to act as an agent for certain products of Amadeus Hospitality, with both parties agreeing not to represent competing third-party suppliers [2] - The Mutual Referral Agreement establishes a partnership for mutual referrals, where Amadeus Hospitality will recommend Shiji's DAYLIGHT PMS and INFRASYSPOS, and Shiji (US) Inc. will recommend specific products from Amadeus Hospitality [2]

证券代码：002153 证券简称：石基信息 公告编号：2025-51 一、合同签署概况 北京中长石基信息技术股份有限公司 公告 北京中长石基信息技术股份有限公司 关于全资子公司与Amadeus Hospitality, Inc.签订重大合同的公告 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。 1、2025 年 9 月 11 日，北京中长石基信息技术股份有限公司（以下简称"公 司"）全资子公司 Shiji (US) Inc.（以下简称"石基美国"）与 Amadeus Hospitality, Inc. （ 以 下 简 称 " Amadeus Hospitality " 或 " 交 易 对 手 方 "） 签 订 《Amadeus-Shiji-Partner Connectivity Agreement》（即《Amadeus 与石基合作伙伴 连接协议》，以下简称《连接协议》）、《Amadeus-Shiji Mutual Resale Agreement》 （即《Amadeus 与石基相互代理协议》，以下简称《相互代理协议》）及 《Amadeus-Shiji Mut ...

Group 1 - The company held its sixth temporary board meeting of the eighth board on September 10, 2025, with all six directors present, complying with legal and regulatory requirements [2][3]. - The board approved the proposal to amend the company's articles of association, eliminating the supervisory board and transferring its responsibilities to the audit committee under the board [3][39]. - The revised articles of association and governance documents will be submitted for shareholder approval [5][40]. Group 2 - The board approved multiple governance document amendments, including rules for shareholder meetings, board meetings, independent director work systems, and others, all requiring shareholder approval [6][8][11]. - The board proposed the election of three non-independent directors and three independent directors for the ninth board, with terms starting upon shareholder approval [16][21][24]. - The independent directors' remuneration was set at 60,000 yuan per year, subject to shareholder approval [26][27]. Group 3 - The board approved a proposal for expected related party transactions for 2025, which will also require shareholder approval [28][29]. - A second temporary shareholder meeting is scheduled for September 29, 2025, to review the proposals submitted by the board [30].

Core Viewpoint - The company announced the convening of its eighth board meeting to elect the ninth board of directors, including both non-independent and independent directors [1] Group 1 - The company held its sixth temporary meeting of the eighth board on September 10, 2025 [1] - The board approved the proposal for the election of non-independent directors, nominating Mr. Li Zhongchu, Mr. Li Diankun, and Mr. Zhuang Zhuoran as candidates [1] - The board also approved the proposal for the election of independent directors, nominating Mr. Zhou Long, Ms. Zhao Junzhu, and Mr. Qin Jian as candidates [1]