黄山旅游发展股份有限公司第九届董事会第十九次会议决议公告

Core Viewpoint - The company has approved the investment in the Huangshan Binjiang East Road No. 12 hotel project, with an estimated investment of approximately 530 million yuan, to enhance its high-end hotel offerings and align with the tourism development trends in Huangshan [10][12][14]. Group 1: Meeting Details - The company's ninth board of directors held its nineteenth meeting on February 3, 2026, with all 11 directors present, and the meeting complied with relevant regulations [1][4]. - The board unanimously approved the proposal for the investment in the Huangshan Binjiang East Road No. 12 hotel project [1][4]. Group 2: Project Investment Overview - The project involves the construction of a hotel located in a prime area of Huangshan, with a total building area of 79,178.15 square meters, including 55,628.76 square meters above ground and 23,549.39 square meters underground [12][13]. - The investment is expected to enhance the existing hotel structure through comprehensive renovation and quality upgrades, aiming to create a high-end hotel that integrates international brand standards with local cultural elements [12][13]. Group 3: Financial Aspects - The estimated investment amount for the project is approximately 530 million yuan, with funding sourced from the company's own resources [10][12]. - The project is projected to have a static investment payback period of 16.14 years according to the feasibility report [14]. Group 4: Project Timeline and Current Status - The construction period for the project is estimated to be 24 months, excluding preliminary work [13]. - The company has already acquired the hotel under construction through judicial auction and has initiated preliminary design work [14].