Group 1 - The second phase of the Taicang Alps International Resort project has commenced with a total investment of approximately 5 billion yuan, aiming to create a one-stop ice and snow themed vacation destination [2] - The project will feature an indoor ski resort with a longest ski run of 650 meters, a maximum drop of 100 meters, and a total snow run length of 1,777 meters, expected to be operational by June 2029 [2] - The resort will include two international themed hotels and six major entertainment projects, such as a polar ocean park and a hot spring water park, integrating advanced technologies like AI for dynamic monitoring [2] Group 2 - Taicang city has seen a 14.1% year-on-year increase in domestic and international tourist arrivals, with total tourism revenue growing by 11.7% [3] - Since the opening of the first phase of the Taicang Alps International Resort in October 2023, it has received over 1 million visitors, with a peak daily attendance of 4,500 [3] - The company aims to leverage its strengths in ice and snow vacation development and global resource integration to create a world-class indoor ice and snow resort, tapping into the trillion-yuan consumption market in the Yangtze River Delta [3]