Summary of the Conference Call on Shiji Information and Amadeus Partnership Company and Industry Involved - **Company**: Shiji Information - **Partner**: Amadeus - **Industry**: Travel Technology and Hospitality Core Points and Arguments 1. **Global Strategic Partnership**: Shiji Information has entered into a global strategic partnership with Amadeus to fully integrate their Central Reservation System (CRS) with Property Management System (PMS) through API connections, creating a comprehensive travel technology platform covering the entire process from booking to check-out [2][3][10] 2. **Selection of Shiji by Amadeus**: Amadeus chose Shiji after a year-long evaluation of various cloud PMS providers, citing Shiji's functionality, product maturity, company strength, and technical capabilities as key factors [5][17] 3. **Benefits for Hotel Clients**: The partnership will provide hotel clients with a more complete and optimized one-stop solution, simplifying contract management and enhancing guest experience through the integration of Amadeus's ACRS technology with Shiji's solutions [6][10] 4. **Market Expansion Opportunities**: This collaboration allows Shiji to potentially enter the European and North American markets, despite existing concerns regarding data security in the U.S. [11][18] 5. **Technical Innovations**: The partnership will involve deep technical collaboration, including the development of a new inventory management system and the use of AI agents for automated processing, enhancing booking efficiency and user experience [12][14] 6. **Future Integration Plans**: If the initial integration of ACRS and Daylight is successful, it will lay the groundwork for further expansion across the entire travel industry value chain, enabling seamless connections from flight bookings to hotel check-outs [15][16] 7. **Long-term Vision**: The partnership is expected to drive significant technological transformation in the travel industry, with a focus on real-time data synchronization and improved operational efficiency [7][8][10] 8. **Revenue Sharing Model**: Shiji will share revenue with Amadeus, as the latter holds a significant share of the CRS systems used by many hotels [18] 9. **Post-Contract Plans**: After the five-year partnership, the future direction will depend on product integration success and market response, with existing contracts likely to remain in effect if clients continue using the systems [21] Other Important but Possibly Overlooked Content 1. **Client Confidence**: The collaboration is expected to enhance client confidence in Shiji's products, particularly regarding data security concerns in the hospitality industry [25] 2. **Marketing and Client Acquisition**: Both companies will engage in joint marketing efforts to attract more clients, particularly large hotel groups, by offering advanced and integrated solutions [9][10] 3. **Future Client Targeting**: Shiji is looking to target clients like Accor and Hyatt, who currently use different systems, by preparing interfaces for seamless integration [23][24] 4. **Financial Expectations**: The integration of products is anticipated to significantly boost client confidence and lead to noticeable impacts by 2026 [25][26]

Core Viewpoint - The partnership between Shiji Information and Amadeus is expected to significantly enhance Shiji's global promotion of its DAYLIGHT PMS, potentially transforming the travel industry through the integration of Amadeus's CRS and Shiji's PMS [1][3]. Group 1: Cooperation and Impact - Amadeus, as the largest GDS and CRS service provider, has chosen Shiji's DAYLIGHT PMS after its own attempts in the PMS market [1]. - The partnership includes an exclusive mutual agency agreement, which will leverage Amadeus's endorsement for global outreach [1]. - Successful integration of ACRS and DAYLIGHT PMS could automate the entire travel booking process, especially through AI Agent handling [3]. Group 2: Technical Development and Planning - Basic functionalities for CRS integration have been completed, with plans for further development of new features [2]. - A working group of senior business experts will be formed to plan specific development projects following the contract announcement [2]. Group 3: Financial Impact Expectations - The agreement with Amadeus is anticipated to significantly boost other clients' confidence in DAYLIGHT PMS, with positive impacts expected on the Annual Recurring Revenue (ARR) for 2026 [6]. Group 4: Cooperation Duration and Future Planning - The initial term of the agreement is five years, with options for extension, and the contract will remain effective if clients continue using Shiji's system [4]. - The immediate focus is on the integration of the DAYLIGHT PMS product [4]. Group 5: Client Expansion and Peripheral Products - Hotel peripheral systems will migrate to DAYLIGHT PMS, and the agency of this system will include peripheral systems [5]. - Shiji has completed the interface development with Sabre CRS for clients like Hyatt, laying a technical foundation for future collaborations [5].