Core Viewpoint - The control of Junting Hotel (301073) is being transferred from founder Wu Qiyuan to Hubei Cultural Tourism Group, marking a significant change in the company's ownership structure [1][2]. Group 1: Share Transfer Details - Hubei Cultural Tourism Group will acquire 58.316 million shares of Junting Hotel, representing 29.99% of the total shares, at a price of RMB 25.71 per share, totaling RMB 1.499 billion [1]. - Following the transfer, Wu Qiyuan will irrevocably waive voting rights for the remaining 19.445 million shares (10.00% of total shares) until Hubei Cultural Tourism holds at least 36.99% of the shares [1]. Group 2: Tender Offer - Hubei Cultural Tourism will issue an irrevocable partial tender offer for 11.6865 million shares (6.01% of total shares) at the same price of RMB 25.71 per share, contingent upon the completion of the share transfer [2]. - Wu Qiyuan has committed to accept the tender offer for his 11.6865 million shares within five days of the offer's initiation, and these shares cannot be disposed of during the tender period [2]. Group 3: Company Background - Wu Qiyuan, the founder and key figure of Junting Hotel, has been in the hotel industry since 1986 and has served as chairman since the company's establishment in 2007 [3]. - Junting Hotel currently has a market value exceeding RMB 5.4 billion and operates 452 hotels with 91,440 rooms across 28 provinces in China, focusing on mid-to-high-end selected hotel segments [3].