Tianfu Culture Tourism(SZ:000558)2022-12-07 08:36Group 1: Development Strategy - The company emphasizes a four-pronged strategy: marketization, internationalization, networking, and securitization [3][4] - Establishment of sports industry trading centers in Hengqin Free Trade Zone and Zhejiang Province to facilitate market transactions [3][5] - Acquisition of the Stankovic Cup and the Asian Basketball Association (ABA) to enhance international presence [4][6] Group 2: Financial Initiatives - Creation of a 5 billion yuan sports industry fund focusing on investments in local sports and related sectors [5][8] - Establishment of Hengqin Investment Fund Management Co., Ltd. to manage fund products and acquire stakes in sports-related companies [5][6] - Plans to issue stocks to acquire at least 25% of Wan Hang Information Technology Co., Ltd. to gain controlling interest [6] Group 3: Operational Developments - Launch of "Sports World" platform to cover sports venues and provide comprehensive services including booking and social networking [4][5] - Establishment of a subsidiary in Macau for international sports event promotion [5][7] - Collaboration with WBC for boxing events and partnerships with local governments for sports initiatives [7][8] Group 4: Organizational Changes - Restructuring of the company to align with its sports business strategy, including recruitment of sports professionals [7] - Transition of the company name to "Rhein Sports Development Co., Ltd." to better reflect its focus [7][8]