Group 1 - The core viewpoint of the news is that Huazhong Securities Co., Ltd. has been appointed as the sponsor for Anhui Jiuhuashan Tourism Development Co., Ltd.'s issuance of A-shares to specific investors, ensuring compliance with relevant laws and regulations [1][2][11] - The issuer, Anhui Jiuhuashan Tourism Development Co., Ltd., was established on December 27, 2000, and listed on the Shanghai Stock Exchange on March 26, 2015, with a registered capital of 110.68 million yuan [4][8] - As of March 31, 2025, the total share capital of the issuer is 110,680,000 shares, with 100% being unrestricted circulating shares [4][5] Group 2 - The controlling shareholder of the issuer is Wenlv Group, which holds 29.93% of the shares, while the actual controller is the Chizhou State-owned Assets Supervision and Administration Commission [8][10] - The company plans to raise up to 500 million yuan through this issuance, with the funds allocated for various projects including the renovation of hotels and the construction of a cable car project [15][16] - The issuance will involve no more than 33,204,000 shares, representing up to 30% of the total share capital prior to the issuance [12][15]

Fundraising Plan - The company plans to raise a total of up to 500 million yuan through a private placement of A-shares, which will be allocated to various projects including the construction of a cable car at the Lion Peak Scenic Area, hotel renovations, and transportation equipment upgrades [1][2][3] Project Necessity and Feasibility Lion Peak Scenic Area Cable Car Project - The cable car project is a strategic initiative aligned with the Anhui provincial government's development goals, aimed at enhancing the cultural tourism industry in the region [3][4] - It is part of the overall planning for the Jiuhua Mountain Scenic Area, facilitating better connectivity between various scenic spots and improving visitor experience [5][6] - The project addresses the urgent need for improved transportation infrastructure in response to increased visitor traffic and environmental pressures [5][6] Hotel Renovation Projects - The renovations of Jiuhua Mountain's hotels are essential for enhancing the area's tourism image and meeting the growing expectations of modern travelers [10][11] - Upgrades are necessary to maintain competitiveness against newly opened hotels and to improve the overall guest experience [12][15] - The projects align with national and local policies promoting high-quality tourism development [13][14] Transportation Equipment Upgrade Project - The project aims to address the current inadequacies in the company's transportation capacity, particularly during peak tourist seasons [21][22] - It involves the acquisition of new vehicles to replace aging ones, ensuring better service quality and operational efficiency [21][22] - The initiative also supports local community needs by providing reliable transportation options for residents and students [22][23] Financial Impact - The fundraising will enhance the company's capital strength and asset scale, although short-term financial metrics may show a decline [27] - The successful implementation of these projects is expected to increase revenue and profitability in the long run, supporting sustainable growth [27][28]