Huangshan Tourism Development (600054.SH): The fees for the paid use of Huangshan Scenic Area resources and franchising operations will have no impact on the 2024 financial report.

Huangshan Tourism Development (600054.SH) announced that the optimization and adjustment of the management of fees for the paid use of scenic spots in the Huangshan Scenic Area will not affect the company's financial statements for 2024. It is expected to have a certain impact on the financial statements of the company in the two years of the trial period (2025-2026). Based on the company's operating data for the year 2023, it is estimated that the collection of fees for the paid use of scenic spots will reduce the company's annual profit by approximately 50 million yuan during the trial period. The specific impact amount will be based on the audited financial reports disclosed by the company. As of the date of this announcement, the company has not yet signed franchise agreements with the Huangshan Scenic Area Management Committee for the operating projects already set up within the Huangshan Scenic Area before the implementation of the "Interim Measures for the Franchise Operation and Management of Huangshan Scenic Area". There is still some uncertainty regarding the content of the franchise agreements.