Hunan Tourism Development Investment Group Co., Ltd.

Hunan Sunshine Huatian Tourism Development Group Co., Ltd. is a province-administered large hotel and tourism enterprise approved by the Hunan Provincial Party Committee and Provincial Government in July 2022 to implement the all-for-one tourism strategy. The Group has a registered capital of 10 billion yuan and owns nine second-tier subsidiaries, including wholly-owned and controlling subsidiaries such as Sanxiang Group Co., Ltd., Huatian Hotel Group Co., Ltd. (stock code: 000428), Hunan Sunshine Hotel Group Co., Ltd., Shaoshan Tourism Development Group Co., Ltd., Xiangcheng Modern City Operation Service Co., Ltd., Hunan Tourism Development Service Co., Ltd., Hunan Embroidery Research Institute Co., Ltd., Hunan Arts and Crafts Research Institute Co., Ltd., and Hunan Guoling Private Equity Fund Management Co., Ltd., with more than 10,000 employees. The Group takes "Hunan implementing the all-for-one tourism strategy and building a world tourism destination" as its mission, and "building a first-class enterprise in the domestic hotel and tourism industry" as its development goal. Focusing on hotel and catering, cultural tourism, exhibition economy, life services, investment and financing, and the positioning of the provincial government's liaison window in Hong Kong, it builds a tourism industry chain "ecosystem" integrating food, accommodation, transportation, travel, shopping, and entertainment, bravely undertaking the role of "chain leader" of Hunan's cultural tourism industry and the vanguard of the "Splendid Xiaoxiang" all-for-one tourism brand. During the "14th Five-Year Plan" period, the Group will, in accordance with the requirements of "developing big tourism, opening up big markets, and forming big industries," help Hunan build "five business cards" including spectacular landscapes, classic red tourism, urban culture and urban leisure, historical culture, and farming culture. It adheres to shaping tourism with culture and highlighting culture through tourism, continuously meeting the people's needs for a better life. On the new journey, the Group will be rooted in Hunan and oriented toward the whole country, striving to build listing platforms for various industry sectors, enter the top 20 Chinese tourism enterprises and top 20 Chinese hotel groups, fully leverage the driving force of the tourism industry, and contribute to building a modern new Hunan.