Caissa Tourism: Grandchild company suffers contract fraud of 26.95 million yuan; public security organ has opened a case for investigation.

Caissa Tourism announced that its wholly-owned subsidiary's subsidiary, Caissa Cultural Industry, signed a performance service contract with the counterparty. After paying 26.95 million yuan as agreed, it was unable to establish effective contact with the other party. The matter is suspected of contract fraud, and the company has reported it to the public security authorities and obtained case filing for investigation. The matter is still in the investigation stage and may adversely affect the current period and subsequent profits. The company has launched a special internal review and is cooperating with the investigation, making every effort to recover losses.