本次发行的发行对象为包括公司控股股东安徽九华山文旅康养集团有限公司（以下简称"文旅集 团"）在内的不超过35名（含35名）特定投资者，根据《上市规则》等规定，文旅集团参与本次发行的 认购构成关联交易。 截至募集说明书签署日，文旅集团直接持有公司29.93%的股份。文旅集团拟认购股份不低于公司 本次发行股份数量的32%。经测算，本次发行完成后，公司的控股股东仍为文旅集团，公司实际控制人 仍为池州市国资委。 九华旅游本次定增的保荐机构（主承销商）是华安证券股份有限公司，保荐代表人是王运龙、吕 娟。 （责任编辑：蔡情） 中国经济网北京9月11日讯 九华旅游(603199.SH)昨晚披露了关于终止2025年度向特定对象发行A股 股票事项的公告。 公司于2025年9月10日召开第九届董事会第六次会议，审议通过了《关于终止2025年度向特定对象 发行A股股票事项的议案》，公司决定终止2025年度向特定对象发行A股股票事项，并向上海证券交易 所申请撤回相关申请文件。 九华旅游表示，自本次向特定对象发行股票方案披露以来，公司董事会、管理层和中介机构一直积 极推进各项工作，并严格按照相关法律法规和规范性文件的要求履行了决策程序 ...

Core Viewpoint - Jiuhua Tourism is responding to the Shanghai Stock Exchange's inquiry regarding its application for a specific stock issuance, detailing the necessity and rationality of the fundraising projects and their impact on future operations [1] Group 1: Fundraising Projects - The total amount to be raised through the stock issuance is not more than 500 million yuan, which will be allocated to various projects including the Jiuhua Mountain Lion Peak Scenic Area cable car project, hotel renovation projects, and transportation equipment upgrades [1][2] - The fundraising projects are closely aligned with the company's main business, aimed at expanding business scale and enhancing service quality [2] Group 2: Project Necessity and Implementation - The Lion Peak Scenic Area cable car project will increase the number of cable cars operated by the company to four, helping to optimize visitor distribution and alleviate pressure on the central scenic area [2] - The project has completed all planning, design, and approval processes, with land acquisition progressing smoothly, indicating no major uncertainties in project implementation [3] Group 3: Investment and Financial Projections - The investment calculations for the projects are reasonable, with detailed breakdowns of costs and comparisons to existing projects and industry standards [3] - The expected average ticket price for the cable car is 160 yuan per person, with an anticipated 224,000 visitors in the first year, growing annually by 15% [4] - The projects are expected to significantly increase the company's asset scale, with depreciation and amortization impacts being manageable relative to overall revenue and profit [4] Group 4: Financing and Long-term Development - The financing scale is deemed reasonable based on the company's cash reserves and future capital expenditure plans, addressing existing funding gaps [5] - The stock issuance will provide long-term stable equity financing, enhancing the company's capital strength and risk resilience, supporting the implementation of mid-term development plans [6] - The fundraising projects are strategic moves to capitalize on market trends, improve infrastructure, and strengthen the company's competitive position for sustainable development [6]