长江证券承销保荐有限责任公司 关于 西域旅游开发股份有限公司 详式权益变动报告书 2025年半年度持续督导意见 财务顾问 二〇二五年九月 财务顾问声明 长江证券承销保荐有限公司（以下简称"长江保荐"、"财务顾问"）接 受委托，担任新疆文化旅游投资集团有限公司（以下简称"新疆文旅投"、" 信息披露义务人"）收购西域旅游开发股份有限公司（以下简称"西域旅游"、 "上市公司"）的财务顾问。 2024年9月26日，新疆文旅投与天池控股签署《表决权委托协议》，约定 天池控股将持有的上市公司36,642,000股股票（占公司总股本的23.64%）对应 的表决权独家、无偿、不可撤销、排他且唯一地委托给新疆文旅投行使，并保 证其为排他的唯一受托人（以下简称"本次权益变动"）。 本次权益变动前，信息披露义务人新疆文旅投未通过直接或间接方式持有 上市公司股份。 本次权益变动后，新疆文旅投通过表决权委托享有23.64%的股份对应的表 决权，成为西域旅游的控股股东，西域旅游的实际控制人将由阜康市国资局变 更为新疆国资委。 2024年10月16日西域旅游发布公告称，公司收到新疆文旅投的通知，近日 新疆文旅投已取得自治区国资委印发的《关 ...

证券代码：300859 证券简称：西域旅游 公告编号：2025-039 西域旅游开发股份有限公司 关于股东减持股份计划期限届满暨减持结果的公告 持股5%以上股东新疆昆仑投资发展合伙企业（有限合伙）保证向本公司提供的信 息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 一、权益变动基本情况 西域旅游开发股份有限公司（以下简称"公司"或"本公司"）于2025年5月21日 在巨潮资讯网（www.cninfo.com.cn）披露了《关于持股5%以上股东股份减持计划的预 披露公告》（公告编号：2025-017），公司持股5%以上股东新疆昆仑投资发展合伙企 业（有限合伙）（以下简称"昆仑投资"）持有公司12,853,221股（占本公司总股本比 例8.29%），计划自减持计划公告披露之日起15个交易日后三个月内，通过集中竞价交 易方式或大宗交易方式减持本公司股份数量合计不超过4,650,000股（占本公司总股本 比例3%）。 二、股东减持情况 1.减持股份来源：通过司法拍卖竞得。 2.股东减持股份情况 | | | | | | 2025年6月13 ...

Market Overview - On September 15, the tourism and scenic spots sector rose by 0.12% compared to the previous trading day, with Xiyu Tourism leading the gains [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Key Performers - Xiyu Tourism (300859) closed at 51.06, up 5.34% with a trading volume of 202,300 shares and a transaction value of 1.019 billion [1] - Songcheng Performance (300144) closed at 9.19, up 2.11% with a trading volume of 926,800 shares [1] - Other notable performers include Xi'an Tourism (000610) up 1.53%, Huangshan Tourism (600054) up 0.90%, and Guilin Tourism (000978) up 0.58% [1] Decliners - Longzi Mountain (603099) closed at 50.03, down 2.91% with a trading volume of 123,300 shares [2] - Dalian Shengya (600593) closed at 37.32, down 1.84% with a trading volume of 58,400 shares [2] - Other notable decliners include Lingnan Holdings (000524) down 1.43% and ST Zhangjiajie (000430) down 0.99% [2] Capital Flow - The tourism and scenic spots sector experienced a net outflow of 401 million in main funds, while retail investors saw a net inflow of 361 million [2] - Speculative funds had a net inflow of 39.31 million [2] Individual Stock Capital Flow - Songcheng Performance saw a main fund net outflow of 19.2 million, while retail investors had a net outflow of 23.37 million [3] - Qujiang Cultural Tourism (600706) had a main fund net inflow of 7.83 million, but a retail net outflow of 8.67 million [3] - Huangshan Tourism (600054) recorded a main fund net inflow of 7.2 million, with retail investors experiencing a net outflow of 4.23 million [3]

Core Viewpoint - Xiyu Tourism's stock price increased by 5.16% to 50.97 CNY per share, with a trading volume of 681 million CNY and a turnover rate of 8.82%, resulting in a total market capitalization of 7.9 billion CNY [1] Company Overview - Xiyu Tourism Development Co., Ltd. is located in Fukang City, Changji Prefecture, Xinjiang, established on January 18, 2001, and listed on August 6, 2020 [1] - The company's main business involves the development and operation of tourism resources, including tourist transportation, cable car sightseeing, boat tours, hot spring hotels, and travel agency services [1] - Revenue composition: tourist transportation 64.81%, cable car transportation 13.16%, boat tours 11.36%, other services 4.98%, immersive performances 3.13%, hot spring hotels 1.33%, travel agency 1.24% [1] Shareholder Analysis - Among the top ten circulating shareholders, GF Fund's GF Xinxing Mixed A (002132) entered the list in Q2, holding 945,000 shares, which is 0.61% of the circulating shares, with an estimated floating profit of approximately 2.3625 million CNY [2] - GF Xinxing Mixed A was established on January 15, 2016, with a latest scale of 1.805 billion CNY, achieving a year-to-date return of 13.51% and a one-year return of 32.55% [2] Fund Performance - GF Xinxing Mixed A's fund manager is Zheng Chengran, who has been in the position for 5 years and 120 days, managing assets totaling 13.523 billion CNY, with the best fund return during his tenure being 59.46% and the worst being -50.7% [3] - Another fund, GF Juxiang Flexible Mixed (000567), holds 78,200 shares of Xiyu Tourism, accounting for 3.22% of the fund's net value, with an estimated floating profit of about 195,500 CNY [4] - GF Juxiang Flexible Mixed was established on March 21, 2014, with a latest scale of 97.819 million CNY, achieving a year-to-date return of 7.15% and a one-year return of 14.49% [4] Fund Manager Profiles - The fund manager for GF Juxiang Flexible Mixed is Yin Pei, who has been in the role for 274 days, managing assets of 27.5 million CNY, with the best return of 25.01% and the worst of 7.76% [5] - Another manager, Li Wei, has 14 years of experience, managing assets of 4.834 billion CNY, with the best return of 592.92% and the worst of -18.07% [5]

（文章来源：证券时报网） 证券时报·数据宝统计显示，西域旅游所属的社会服务行业，目前整体涨幅为0.02%，行业内，目前股价 上涨的有33只，涨幅居前的有西域旅游、中公教育、凯文教育等，涨幅分别为3.16%、3.03%、2.70%。 股价下跌的有45只，跌幅居前的有国义招标、零点有数、ST东时等，跌幅分别为5.97%、3.61%、 3.49%。 公司发布的半年报数据显示，上半年公司共实现营业收入1.14亿元，同比增长9.59%，实现净利润 1122.65万元，同比下降61.78%，基本每股收益为0.0700元，加权平均净资产收益率1.57%。（数据宝） 西域旅游股价创出历史新高，截至9:39，该股上涨3.16%，股价报50.00元，成交量363.38万股，成交金 额1.79亿元，换手率2.34%，该股最新A股总市值达77.50亿元，该股A股流通市值77.50亿元。 ...

Core Viewpoint - The controlling shareholder of the company, Xinjiang Cultural Tourism Investment Group Co., Ltd., has implemented a share buyback plan to enhance investor confidence and support the company's sustainable development [2][3]. Summary by Sections Share Buyback Plan - The company announced a share buyback plan on June 13, 2025, with the intention to purchase between 1.085 million and 2.0925 million shares, representing 0.70% to 1.35% of the total share capital [2][4]. - The buyback will be executed through the Shenzhen Stock Exchange via centralized bidding or block trading within six months from the announcement date [6]. Implementation Status - Xinjiang Cultural Tourism Investment Group has successfully completed the buyback, acquiring a total of 2,092,500 shares, which is 1.35% of the company's total share capital [7]. - As of the announcement date, Xinjiang Cultural Tourism Investment Group and its concerted party, Xinjiang Tianchi Holdings Co., Ltd., collectively hold 46,482,421 shares, accounting for 29.99% of the total share capital [2][7]. Shareholding Structure - Prior to the buyback, Xinjiang Cultural Tourism Investment Group did not hold any unrestricted circulating shares directly but exercised voting rights over 36,642,000 shares (23.64% of total share capital) through a voting rights entrustment [3]. - The buyback does not alter the company's controlling shareholder or actual controller, maintaining the governance structure and ongoing operations [3][7]. Compliance and Disclosure - The buyback plan complies with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [7]. - The company has fulfilled its information disclosure obligations in accordance with applicable regulations [7].

格隆汇9月12日丨西域旅游(300859.SZ)公布，增持计划实施期间，新疆文旅投通过深圳交易所交易系统 以集中竞价交易和大宗交易方式累计增持公司股份209.25万股，占公司总股本的1.35%，本次增持计划 实施完毕；截至本公告披露日，新疆文旅投及其一致行动人新疆天池控股有限公司（简称"天池控股"） 合计持有公司股份46,482,421股，占公司总股本的29.99%。 ...

Group 1 - The core point of the article is that Xiyu Tourism has completed its share buyback plan, with Xinjiang Cultural Tourism Investment increasing its stake by approximately 2.09 million shares, representing 1.35% of the total share capital [1] - As of the announcement date, the company's market capitalization stands at 7.5 billion yuan [1] - For the year 2024, the revenue composition of Xiyu Tourism is projected to be 97.07% from the tourism industry and 2.93% from the tourism dining service sector [1]

本公司控股股东新疆文化旅游投资集团有限公司保证向本公司提供的信息内容 真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 证券代码：300859 证券简称：西域旅游 公告编号：2025-038 特别提示： 1.增持计划主要内容：西域旅游开发股份有限公司（以下简称"公司"、"本公司" 或"西域旅游"）于2025年6月13日披露了《关于控股股东增持股份及增持计划的公告》 （公告编号：2025-018），新疆文化旅游投资集团有限公司（以下简称"新疆文旅投"） 基于对公司未来持续发展的信心及对公司长期投资价值的认可，同时为提振投资者信心， 切实维护投资者利益，促进公司持续、稳定、健康地发展。新疆文旅投计划自增持计划公 告披露之日起6个月内通过深圳证券交易所系统以集中竞价方式或大宗交易方式增持公司股份， 拟增持股份数量占总股本的比例预计不低于0.70%且不超过1.35%，即拟增持股份数量不低于 108.50万股且不超过209.25万股。 2.增持计划实施情况：增持计划实施期间，新疆文旅投通过深圳交易所交易系统以集 中竞价交易和大宗交易方式累计增持公 ...

Company Overview - Xiyu Tourism Development Co., Ltd. is located in Fukang City, Changji Prefecture, Xinjiang, and was established on January 18, 2001. The company was listed on August 6, 2020. Its main business involves the development and operation of tourism resources, including tourist transportation, cable car sightseeing, boat tours, hot spring hotels, and travel agency services [2]. Business Performance - For the first half of 2025, Xiyu Tourism achieved operating revenue of 114 million yuan, representing a year-on-year growth of 9.59%. However, the net profit attributable to shareholders decreased by 61.78% to 11.23 million yuan [2]. - The revenue composition of Xiyu Tourism includes: tourist transportation (64.81%), cable car transportation (13.16%), boat tours (11.36%), other services (4.98%), immersive performances (3.13%), hot spring hotels (1.33%), and travel agency services (1.24%) [2]. Stock Performance - As of September 12, Xiyu Tourism's stock price increased by 2.03% to 48.35 yuan per share, with a trading volume of 369 million yuan and a turnover rate of 5.00%. The total market capitalization is 7.494 billion yuan [1]. - Year-to-date, Xiyu Tourism's stock price has risen by 38.62%, with a 2.11% increase over the last five trading days, 19.18% over the last 20 days, and 26.90% over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on August 8, where it recorded a net purchase of 38.63 million yuan [1]. Shareholder Information - As of July 31, the number of shareholders of Xiyu Tourism was 18,400, an increase of 5.84% from the previous period. The average number of circulating shares per person decreased by 5.52% to 8,423 shares [2]. - As of June 30, 2025, the top ten circulating shareholders include the Fortune China Securities Tourism Theme ETF, which holds 1.2116 million shares, a decrease of 214,100 shares from the previous period. New shareholders include Guangfa Xinxiang Mixed A, holding 945,000 shares, and Fortune Tianhui Growth Mixed A/B, holding 901,600 shares [3].