LN Holdings(SZ:000524)2024-02-02 10:31Group 1: Business Recovery and Growth - In 2023, the company’s travel agency business fully resumed operations, with the number of outbound group tours increasing significantly following the Ministry of Culture and Tourism's announcement to restore travel services to 138 countries and regions [1] - The hotel management business showed rapid growth, with revenues exceeding 2019 levels, driven by a focus on business, dining, and conference markets [1] - The company’s hotel operations, including properties like Guangzhou Garden Hotel, also reported recovery, achieving revenue close to the same period in 2019 [1] Group 2: National Strategic Layout - The company’s subsidiary, Guangzhou Guangzhilv International Travel Agency, established a strategic national layout with operational centers across multiple regions, enhancing service and product supply capabilities [2] - The company has built a comprehensive tourism service ecosystem, facilitating nationwide group travel and multi-port departures [2] Group 3: Event and Scenic Area Development - In 2023, the company’s exhibition business experienced strong recovery, successfully hosting major events such as the Global Consumer Conference and the International Financial Forum [2] - The establishment of Guangzhou Guangzhilv Yujing Destination Tourism Development Co., Ltd. aims to enhance tourism destination services, managing several scenic area projects in Guangdong Province [2] Group 4: Shareholder Changes - The company is undergoing a change in its controlling shareholder, with a planned transfer of 45.12% of shares from Guangzhou Lingnan International Enterprise Group to Lingnan Business Travel Group [3] - This transfer will not change the actual controller of the company, which remains under the supervision of the Guangzhou State-owned Assets Supervision and Administration Commission [3]