Core Viewpoint - The major shareholders of Guangdong Jinma Amusement Co., Ltd. plan to reduce their holdings in the company due to personal financial needs, with specific limits on the number of shares to be sold within a designated timeframe [1][2]. Shareholder Information - The shareholders involved in the reduction plan include: - Deng Zhiyi, holding 22,467,576 shares (14.26% of total shares) - Li Yong, holding 8,068,087 shares (5.12% of total shares) - Lin Zezhao, holding 2,032,828 shares (1.29% of total shares) - Gao Qingbin, holding 1,491,586 shares (0.95% of total shares) [2]. Reduction Plan Details - The planned share reductions are as follows: - Deng Zhiyi: up to 4,712,000 shares (2.99% of total shares) - Li Yong: up to 2,017,000 shares (1.28% of total shares) - Lin Zezhao: up to 508,200 shares (0.32% of total shares) - Gao Qingbin: up to 372,800 shares (0.24% of total shares) [2][3]. Implementation Timeline - The reduction will occur within three months following a 15 trading day period after the announcement, during which no shares will be sold [1][2].

证券代码：300756 证券简称：金马游乐 公告编号：2025-036 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、持有本公司股份 22,467,576 股（占本公司总股本比例 14.26%）的公司控股 股东、实际控制人、董事长邓志毅先生计划于本减持计划预披露公告之日起 15 个交 易日后的3个月内通过集中竞价、大宗交易方式减持公司股份不超过4,712,000股（占 公司总股本比例 2.99%）。 2、持有本公司股份 8,068,087 股（占本公司总股本比例 5.12%）的公司持股 5% 以上股东、董事、副总经理李勇先生计划于本减持计划预披露公告之日起 15 个交易 日后的 3 个月内通过集中竞价、大宗交易方式减持公司股份不超过 2,017,000 股（占 公司总股本比例 1.28%）。 3、持有本公司股份 2,032,828 股（占本公司总股本比例 1.29%）的公司副总经 理林泽钊先生计划于本减持计划预披露公告之日起 15 个交易日后的 3 个月内通过集 中竞价、大宗交易方式减持公司股份不超过 508,200 股（占公司总股本比例 0 ...

Core Insights - In the first half of 2025, 55 listed companies in the cultural tourism sector were analyzed, with 31 experiencing an increase in market value and 24 seeing a decline [3][18] - The highest market value increases were recorded by Wanda Hotel Development at 173.65%, Feiyang Group at 140.7%, and Jinma Amusement at 92.68% [3][4] - Conversely, the largest declines were seen in Lujing Technology at -48.03%, Lingnan Holdings at -43.34%, and Yingxin Development at -26.03% [6][7] Market Value Changes - As of June 30, 2025, the total market value of Wanda Hotel Development was 2.699 billion, while Feiyang Group and Jinma Amusement had market values of 0.126 billion and 4.521 billion respectively [4][7] - Ctrip led the market with a total value of 274.37 billion, followed by China Duty Free at 124.57 billion and Huazhu at 74.53 billion [8][9] - The overall market value of the remaining 52 companies was 390 billion, indicating a significant concentration of value among the top three companies [8] Sector Performance - The cultural tourism sector showed a mixed performance, with scenic area companies generally performing well, such as Haichang Ocean Park with a 39.1% increase and Zhangjiajie with a 28.55% increase [12][13] - Hotel companies also showed varied results, with Huazhu leading at 745.31 billion, while Atour saw a 20.41% increase [14][15] - Online travel companies experienced declines, with Ctrip and Tuniu dropping by 14.94% and 17.79% respectively, while Tongcheng saw a modest increase of 6.08% [16][17] Company-Specific Developments - Wanda Hotel Development's significant increase in market value was attributed to the sale of its subsidiary Wanda Hotel Management for 2.5 billion, which is expected to improve its financial structure [6][7] - Lujing Technology's decline was linked to negative media coverage regarding its management capabilities in scenic area operations [7][8] - The overall performance of cultural tourism companies reflects ongoing operational pressures, with some companies like Fosun Tourism Culture delisting from the Hong Kong stock market [18][19]

Core Viewpoint - The tourism industry, once expected to thrive, is now facing significant challenges, highlighted by the bankruptcy of Qinghai Tourism Investment Group and the struggles of various tourism companies despite an increase in domestic travel and spending [2][3][4][8]. Group 1: Industry Challenges - Qinghai Tourism Investment Group and its subsidiaries have filed for bankruptcy, shocking the tourism sector [3]. - The company, which aimed for significant growth and public listing, mismanaged its resources, leading to a loss of 4.8 billion in registered capital [4]. - 44 listed companies in the tourism sector reported their Q1 earnings, with 25 experiencing negative revenue growth, accounting for 56.8% of the total [4]. Group 2: Financial Performance - Major airlines like China Southern Airlines, China Eastern Airlines, and Air China reported substantial losses in Q1, with losses of 747 million, 995 million, and 2.044 billion respectively [7]. - Despite a 26.4% increase in domestic travel and an 18.6% rise in spending, the tourism industry is struggling financially [8][9]. Group 3: Market Dynamics - The tourism market is saturated, with an increase in A-level scenic spots and travel agencies, yet average income has dropped by nearly 40% [31]. - Online travel platforms like Ctrip and Tongcheng are thriving, with Ctrip reporting a net profit of approximately 4.3 billion in Q1, showcasing the "shovel effect" where service providers profit while actual tourism businesses struggle [28][30]. Group 4: Shifts in Consumer Behavior - The tourism industry is transitioning to a 2.0 era, where experiential value is prioritized over mere scarcity of resources [46][50]. - Successful attractions like Jiuhua Mountain and Disney have capitalized on immersive experiences, contrasting with traditional scenic spots that fail to adapt [39][41]. Group 5: Future Outlook - Many tourism platforms are likely to face severe financial difficulties or bankruptcy if they cannot adapt to the changing market dynamics and consumer preferences [55][56]. - The current environment suggests a need for a significant restructuring within the tourism sector to eliminate ineffective players and allow successful entities to thrive [58][59].

Group 1 - The provincial government emphasizes the importance of implementing the national food security strategy and enhancing project construction in the grain logistics sector, particularly in the Wuhan National Grain Modern Logistics Base [1] - The Guangdong Jinma Central China Regional Headquarters project focuses on the research, production, and operation of large amusement facilities, with plans to officially operate in the second half of the year [2] - The project aims to leverage technologies such as artificial intelligence and virtual reality to innovate in the amusement facility manufacturing sector, contributing to the integration of cultural tourism [2] Group 2 - The local government is actively working on wetland protection and restoration initiatives at Zhangdu Lake, promoting ecological conservation while planning for tourism infrastructure [2] - The government is focusing on the construction of modern urban agriculture and the development of industries such as commercial aerospace, green shipping, and modern logistics to foster economic growth [4] - There is a strong emphasis on enhancing economic operation monitoring and addressing weak links in key industries to achieve growth targets [4]

证券代码：300756 证券简称：金马游乐 公告编号：2025-035 广东金马游乐股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 广东金马游乐股份有限公司（以下简称"公司"）于 2024 年 12 月 25 日召开 第四届董事会第九次会议、于 2025 年 1 月 10 日召开公司 2025 年第一次临时股东 大会，审议通过了《关于使用部分闲置募集资金进行现金管理的议案》，同意公司 及全资子公司、控股子公司使用不超过人民币 2,000 万元的首次公开发行股票闲置 募集资金、不超过人民币 10,000 万元的向特定对象发行股票闲置募集资金择机购 买安全性高、流动性好、满足保本要求的现金管理产品，授权期限为自 2025 年 1 月 20 日起的 12 个月内；上述投资额度在授权期限内可以循环使用，无需公司另行 出具决议；授权公司董事长行使投资决策权、签署相关法律文件并由财务负责人具 体办理相关事宜。公司监事会、保荐机构均已发表明确同意意见。 近日，公司此前使用向特定对象发行股票暂时闲置募集资金 5,4 ...

证券代码：300756 证券简称：金马游乐 公告编号：2025-033 广东金马游乐股份有限公司 第四届监事会第十一次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、会议召开情况 广东金马游乐股份有限公司（以下简称"公司"）于 2025 年 6 月 13 日以现 场会议方式召开第四届监事会第十一次会议。会议通知已于 2025 年 6 月 9 日以 直接送达方式发出。本次会议由监事会主席梁煦龙先生主持，会议应出席监事 3 名，实际出席监事 3 名。本次监事会的召集、召开、表决符合《公司法》等法律 法规及《公司章程》的规定，合法有效。 二、监事会会议审议情况 本次会议以记名投票方式进行表决，审议及表决情况如下： 特此公告。 广东金马游乐股份有限公司 监 事 会 二〇二五年六月十三日 （一）审议并通过了《关于减资退出控股子公司的议案》 经审议，监事会认为：公司本次减资事项系经公司审慎研究后作出的安排， 符合公司长远利益，不会对公司的财务状况和经营状况产生不利影响，不存在损 害公司及股东利益的情形，监事会同意本议案事项。 具体内容详见公司在巨潮资讯网 ...

证券代码：300756 证券简称：金马游乐 公告编号：2025-034 广东金马游乐股份有限公司 关于减资退出控股子公司的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、减资退出事项概述 为推动公司高质量发展，进一步优化资产结构和资源配置，提升整体运营效 率，广东金马游乐股份有限公司（以下简称"公司"）计划通过定向减资方式退 出对控股子公司深圳源创文化旅游发展有限公司（以下简称"深圳源创"）的投 资，深圳源创向公司返还投资款 1,810 万元，向公司或公司指定的公司转让其所 持有的东营油城文化旅游发展有限公司（以下简称"东营油城"）34%股权，并 由公司或公司指定的公司承接其此前为东营油城申请银行借款提供最高保额为 人民币 714.00 万元的连带责任保证担保。减资完成后，深圳源创将不再为公司 控股子公司，深圳源创及其下属子公司不再纳入公司合并报表范围。 公司于 2025 年 6 月 13 日召开第四届董事会第十一次会议、第四届监事会第 十一次会议，审议通过了《关于减资退出控股子公司的议案》，同时授权公司管 理层与深圳源创及深圳源创其他股东签署相关法 ...

证券代码：300756 证券简称：金马游乐 公告编号：2025-032 广东金马游乐股份有限公司 第四届董事会第十一次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 广东金马游乐股份有限公司（以下简称"公司"）于 2025 年 6 月 13 日以通 讯方式召开第四届董事会第十一次会议，本次会议由董事长邓志毅先生召集，会 议通知已于 2025 年 6 月 9 日以直接送达方式发出。本次董事会应出席董事 5 人， 实际出席董事 5 人。会议由董事长邓志毅先生主持，公司全体监事及高级管理人 员列席了会议。本次会议的召集、召开、表决等符合《公司法》等法律法规及《公 司章程》的规定，会议合法有效。 二、董事会会议审议情况 本次会议以记名投票方式进行表决，审议及表决情况如下： （一）审议并通过了《关于减资退出控股子公司的议案》 为推动公司高质量发展，进一步优化资产结构和资源配置，提升整体运营效 率，公司计划通过定向减资方式退出对控股子公司深圳源创文化旅游发展有限公 司（以下简称"深圳源创"）的投资，深圳源创向公司返还投资款 1,810 ...

Core Viewpoint - The company Jinma Amusement (300756) announced that its Vice General Manager and Board Secretary, Zeng Qingyuan, plans to reduce his shareholding by up to 269,500 shares, accounting for 0.17% of the company's total share capital, due to personal financial needs [1] Summary by Relevant Sections - **Shareholding Reduction Plan** - Zeng Qingyuan intends to reduce his holdings through centralized bidding and block trading within three months after the disclosure of the reduction plan [1] - The maximum number of shares to be reduced is 269,500, which represents 0.17% of the total share capital [1] - **Current Shareholding Status** - Zeng Qingyuan currently holds 1,078,400 shares, which is 0.68% of the company's total share capital [1] - **Impact on Company Structure** - The reduction will not lead to any change in the company's control, governance structure, or operational continuity [1]