China Cyts Tours Holding (600138.SH) plans to list and sell 51% equity and debt of Shanshui Hotel.

China Cyts Tours Holding (600138.SH) announced that the company plans to publicly list and transfer 51% of the shares of China Cyts Tours Holding's Manse Hotels Group Co., Ltd. ("Manse Hotels") and the debts it holds through equity trading institutions at the provincial level and above designated by the Ministry of Finance. The sale of 51% of the shares of Manse Hotels and the debts it holds by the company this time will help to divest long-term loss-making businesses, improve asset allocation efficiency and overall profitability, will not have any adverse effect on normal production and operation activities, and will not harm the interests of the company and other shareholders, especially small and medium-sized shareholders. If the company successfully completes this transaction, it will have an impact on the corresponding accounting period's profit and loss. The specific amount of the impact will be calculated based on the actual transaction situation and will be disclosed in the audited financial statements.