Core Viewpoint - The company plans to invest in establishing a wholly-owned subsidiary, Huangshan Yunqu Amusement Park Service Co., Ltd., and participate in the bidding for a state-owned construction land use right in Huangshan City, aiming to enhance its resource reserves and diversify its tourism product offerings [2][5][9]. Transaction Overview - The company will invest a total of 90 million yuan in cash, representing 100% of the registered capital of the project company [2][5]. - The company intends to bid for a state-owned construction land use right covering an area of 86,063 square meters, with a starting bid price of approximately 54.25 million yuan [4][9]. - The land includes commercial land (hotel use) of 83,461 square meters and protective green land of 2,602 square meters [4][9]. Investment Target Information - The registered capital of the new subsidiary is set at 90 million yuan, and the company will fully fund this amount from its own or raised funds [5][8]. - The subsidiary will focus on various leisure and tourism-related services, including amusement park services, park management, and tourism project planning [8]. Impact on the Company - This investment aligns with the company's strategic development needs and aims to create a family-friendly vacation complex, enhancing its competitive edge and sustainable development capabilities [9][10]. - The project is strategically located near UNESCO World Heritage sites, which is expected to amplify the brand and market value of the company [9]. Bidding Details - The bidding process is public, and the company acknowledges the inherent uncertainties associated with the bidding outcome [3][12]. - The bidding deposit required is 16.55 million yuan, and the transfer price for existing construction and attached properties is approximately 28.28 million yuan [9].

Core Viewpoint - The company plans to invest in establishing Huangshan Yunqu Leisure Park Service Co., Ltd. and participate in the bidding for a state-owned construction land use right in Huangshan City, aiming to enhance its resource reserves and develop a family vacation complex project [1] Investment and Project Details - The company will contribute a cash investment of 90 million yuan, representing 100% of the registered capital of the project company [1] - The bidding for the construction land use right has a starting price of approximately 54.25 million yuan, with additional transfer costs of about 28.28 million yuan for existing buildings and attached properties [1] Strategic Alignment - This investment aligns with the trend of leisure and vacation tourism development, fulfilling the company's overall strategic needs [1] - The project site is strategically located near UNESCO World Heritage sites, enhancing its market value and competitive edge [1] - The investment is expected to diversify the company's cultural tourism product offerings and strengthen its long-term development strategy [1]

Core Viewpoint - The company plans to invest in establishing Huangshan Yunqu Tourism Park Service Co., Ltd. with a cash contribution of 90 million yuan, aiming to enhance its resource reserves and develop a family vacation complex project [1] Group 1: Investment Details - The company will hold 100% of the registered capital of the project company [1] - The company intends to participate in the bidding for a state-owned construction land use right of 86,063 square meters, with a starting bid price of 54.245669 million yuan [1] - The transfer price for the associated buildings and land attachments is 28.2776 million yuan, which will not be subject to bidding [1] Group 2: Strategic Rationale - The investment aligns with the trend of leisure and vacation tourism development, fulfilling the company's overall strategic needs [1] - The project site is located in a prime area near UNESCO World Heritage sites, enhancing its location advantage [1] - This investment and asset acquisition will enrich the company's cultural tourism product offerings, amplify brand and market value, and strengthen overall competitiveness and sustainable development capabilities [1]