Core Viewpoint - The strategic cooperation between Huayangnian Group and Shenzhen Meishu Cultural Tourism Group aims to revitalize and manage the Longqi Bay project, leveraging a multi-party collaboration model to enhance the cultural tourism real estate sector in the Greater Bay Area [2][3]. Group 1: Project Overview - The Longqi Bay project is located in Dapeng New District, Shenzhen, covering a total land area of approximately 40,000 square meters and a total construction area of about 38,000 square meters, with a plot ratio of 0.71 [2]. - The project was completed in September 2014 and has been under review for revitalization since August 2024, with multiple proposals presented to the local government [2]. Group 2: Strategic Cooperation - The cooperation involves a collaborative model that includes enterprises, creditors, industry associations, village groups, and professional operators to provide new pathways for asset revitalization and debt management in cultural tourism projects [2]. - Shenzhen Meishu Cultural Tourism Group will serve as the exclusive operator for the Longqi Bay project, responsible for daily maintenance, brand introduction, and operational management [2]. Group 3: Development and Operations - The project will integrate resources from local industry associations to introduce high-quality accommodations, dining options, and recreational facilities, creating a comprehensive coastal cultural tourism destination [3]. - The operational strategy includes phased debt resolution, starting with core areas and gradually developing supporting facilities to achieve positive cash flow and address existing asset issues [3].