Core Viewpoint - The recent executive departures at Xiangyuan Cultural Tourism (600576.SH) have raised concerns about the company's strategic direction and market sentiment, particularly following the acquisition of Haichang Ocean Park by its controlling shareholder, Xiangyuan Group [2][3][11]. Executive Changes - Three executives, including President Sun Dongyang and Vice Presidents Yu Weining and Zhan Chunwei, have resigned due to work adjustments, with their original terms set to expire on September 22, 2027 [2][3]. - Sun Dongyang held 401,200 shares, while Zhan Chunwei held 307,900 shares, and Yu Weining did not hold any shares [4]. Stock Performance - Following the announcement of the acquisition of Haichang Ocean Park, Xiangyuan Cultural Tourism's stock price initially rose but has since experienced a decline, dropping 4.68% to 8.15 yuan per share by June 17, representing a 24.68% decrease from recent highs [2][11]. - The stock's volatility is attributed to market concerns regarding resource allocation and management focus due to the increase in the number of listed cultural tourism companies under Xiangyuan Group [11]. New Appointments - The company has appointed Fang Yan as the new President and Li Jie and Shen Tongyan as Vice Presidents, all of whom have over 20 years of experience in the cultural tourism industry [5][6]. - The new management team is expected to enhance the company's operational capabilities and strategic direction [6]. Strategic Developments - Xiangyuan Cultural Tourism has signed management service contracts with seven subsidiaries, aiming to leverage its brand and operational expertise to improve efficiency and expand its light asset management business [7][8]. - The company plans to increase investments in light asset operations and explore market expansion through asset acquisitions and mergers [9]. Financial Performance - For the year 2024, Xiangyuan Cultural Tourism reported an estimated revenue of approximately 864 million yuan, a year-on-year increase of 19.64%, while net profit attributable to shareholders decreased by 3.14% to about 147 million yuan [9].