LN Holdings(000524)2025-01-02 11:35Group 1: Business Growth and Development - Since 2024, the company's business travel sector has experienced rapid growth, particularly in outbound tourism, with partnerships established with over 20 countries and regions for joint promotion [2][3] - The company has opened a total of 188 travel agency stores nationwide by mid-2024, with 109 located in Guangdong province, enhancing its service ecosystem [4] Group 2: Outbound and Inbound Tourism - The outbound tourism products cover major global destinations, with a focus on emerging markets in South America and Africa, alongside traditional hotspots in Europe and Southeast Asia [4] - The company has benefited from various visa exemption policies, becoming a key operator for inbound tourism, receiving visitors from countries such as Poland, Malaysia, and the United States [3][5] Group 3: Hotel Management Expansion - The hotel management business has expanded through a dual model of "entrusted management + franchise," covering all 31 provinces and regions in China [5] - The acquisition of 70% equity in Shandong Lingnan Urban Hotel Management Group has integrated into the company's hotel operations, enhancing competitiveness in the northern market [6] Group 4: Future Asset Injection Plans - The controlling shareholder plans to transfer 70% equity of the urban hotel to the company, with a commitment to avoid competition and ensure compliance with internal control standards [6][7] - The commitment includes a three-year management period by the company's subsidiary, with provisions for future equity transfer at fair market prices [7]