Huangshan Tourism: Plans to invest approximately 530 million yuan to construct the Huangshan Binjiang East Road No. 12 Hotel Project.

Yellow Mountain Tourism Notice: On February 3, 2026, the company held the 19th meeting of the 9th Board of Directors and approved the proposal for investing in the construction of the Yellow Mountain Binjiang East Road No. 12 Hotel Project. The company agreed to invest in and construct the Yellow Mountain Binjiang East Road No. 12 Hotel Project with an estimated investment amount of approximately 530 million yuan, with funding coming from the company's self-raised funds. The project is located in the core of the administrative and commercial district in downtown Huangshan, with a total construction area of 79,178.15 square meters. The main building structure has been completed. The company will conduct a comprehensive renovation and quality upgrade of the existing buildings to create a high-end hotel. The project construction period is estimated to be 24 months, with a static investment payback period of 16.14 years.