CHINA TRAVEL HK Reports RMB170.00 Million Revenue From Newly Acquired Ski Resorts, Takes 51% Stake in Qinghai Tourism JV

Bulletin Express05-17

China Travel International Investment Hong Kong Limited (CHINA TRAVEL HK) announced two major developments aimed at accelerating growth in Mainland China’s recovering tourism sector.

The Group finalised the acquisition of Jilin Songhua Lake International Resorts Company Limited and China Travel (Beijing) Bingxue Sports Development Co., Ltd. on 27 October 2025. During the 2025/26 winter peak season, the two ski‐focused destinations attracted a combined 1 million visitors, a year-on-year increase of about 9%. Over the first four months of 2026, the operations generated approximately RMB170.00 million in revenue and RMB57.00 million in operating profit.

On 26 March 2026, the Group signed investment and shareholders’ agreements to establish China Travel (Mangya) Tourism Development Co., Ltd. with local partners Mangya Tourism Investment Development Co., Ltd. and Mangya Guoqing Tourism & Culture Development Co., Ltd. The joint venture, capitalised at RMB200.00 million, will see CHINA TRAVEL HK invest RMB102.00 million for a 51% equity stake. The project centres on developing the Heidushan Scenic Spot in Qinghai Province, positioned along the Qinghai–Gansu Grand Tour Route and branded as a “geological wonders plus deep space exploration” attraction. Initial operations have begun, drawing 20,874 visitors during the 1–5 May 2026 May Day Golden Week. The Group targets full project completion and expanded operations by 2028.

All figures are based on unaudited internal data and may differ from future published financial statements. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares.

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