Jiuhua Tourism: Plans to raise no more than 500 million yuan for projects such as a passenger cableway at Mount Jiuhua Lion Peak Scenic Area.

On the evening of May 20th, Jiuhua Tourism disclosed the plan to issue A-shares to specific targets in 2025, with a target fundraising of no more than 500 million yuan. The funds will be used for the Lion Peak Cableway Project in Jiuhua Mountain, the renovation project of the Jiulong Grand Hotel in Jiuhua Mountain, the upgrade and renovation project of the guest rooms in the North Tower of the Central Grand Hotel in Jiuhua Mountain, and the transportation equipment upgrade project.