Huayang Lianzhong announced on the evening of June 9 that the company plans to jointly invest with the controlling shareholder Xiangjiang Group to establish a joint venture company, Hunan Huayang Cultural Tourism Operation and Management Co., Ltd. The total investment is 402 million yuan, of which the company plans to invest 205 million yuan in cash to hold 51% of the shares in the joint venture; the Xiangjiang Group plans to invest 197 million yuan to hold 49% of the shares in the joint venture by holding 100% of Hunan Xiangjiang City Operation and Management Co., Ltd. The joint venture will collaborate with the rapid development of the company's digital cultural and commercial tourism business segment to enhance the tourist experience of cultural tourism projects and the value of cultural tourism consumer vouchers; it is expected that in the future, the joint venture will jointly develop and comprehensively undertake the digital operation of many other cultural tourism projects in Hunan Province to create profits for more sectors.

Huayang Lianzhong announced on the evening of June 9 that the company plans to jointly invest with the controlling shareholder Xiangjiang Group to establish a joint venture company, Hunan Huayang Cultural Tourism Operation and Management Co., Ltd. The total investment is 402 million yuan, of which the company plans to invest 205 million yuan in cash to hold 51% of the shares in the joint venture; the Xiangjiang Group plans to invest 197 million yuan to hold 49% of the shares in the joint venture by holding 100% of Hunan Xiangjiang City Operation and Management Co., Ltd. The joint venture will collaborate with the rapid development of the company's digital cultural and commercial tourism business segment to enhance the tourist experience of cultural tourism projects and the value of cultural tourism consumer vouchers; it is expected that in the future, the joint venture will jointly develop and comprehensively undertake the digital operation of many other cultural tourism projects in Hunan Province to create profits for more sectors.