Core Viewpoint - Minsheng International (00938) has signed a lease agreement for properties in Lijiang, Yunnan, to expand its hotel business and capitalize on the growing tourism market in the region [1] Group 1: Lease Agreement Details - The lease agreement is between Lijiang Hotel (a wholly-owned subsidiary of the company) and Lijiang Duofu, with a lease term starting from February 1, 2026, for two years [1] - The properties leased are located in several areas of Lijiang, including specific addresses in the ancient city [1] Group 2: Strategic Rationale - The board believes that signing the lease agreement represents a strategic opportunity to expand the group's hotel business and leverage the vibrant growth of the tourism market in Lijiang [1] - Yunnan's tourism industry has seen strong growth in recent years, with Lijiang continuing to be a preferred cultural tourism destination [1] Group 3: Operational Strategy - The group plans to utilize its management team's extensive experience in hotel operations to enhance service quality, implement strict revenue management practices, and improve the overall guest experience [1] - This approach aims to strengthen the property's competitive position in the expanding hotel market in Yunnan [1]
民生国际附属租赁云南省丽江若干物业