Tibet Tourism: Termination of Major Asset Restructuring Matters

Tibet Tourism Announcement: The ninth board of directors of the company approved the "Resolution on Terminating the Major Asset Restructuring Matters" and the "Resolution on Terminating the Termination Agreement between the Company and the counterparty." In 2023, the company plans to purchase 60% of the shares of Beihai Xinyi Cruise Co., Ltd. held by New O Holdings Investment Co., Ltd. in cash. After comprehensive consideration of factors such as changes in the market environment, the company decided to terminate the transaction after careful study and negotiation with the counterparty. This termination does not require approval from the shareholders' meeting.