Three Gorges tourism: sold 100% equity of the wholly-owned subsidiary Jiufeng Valley Company, with a transaction price of 45.7611 million yuan.

date
09/07/2026
Three Gorges Tourism Announcement: The 7th session of the Board of Directors held on July 9, 2026, approved the proposal on the sale of 100% equity of a wholly-owned subsidiary and related party transaction. In order to focus on the development of cruise tourism as the main business, the company plans to sell 100% equity of Hubei Three Gorges Jiufenggu Tourism Development Co., Ltd. held by the company to the controlling shareholder, Hubei Three Gorges Cultural Tourism Group Co., Ltd., at a price of 45,761,100 Yuan. After this transaction is completed, the company will no longer hold equity in Jiufenggu Company, and Jiufenggu Company will no longer be included in the company's consolidated financial statements. This transaction constitutes a related party transaction, but according to relevant regulations, it does not constitute a major asset restructuring and does not require approval from relevant departments.