According to Xiyu Travel's announcement, the Huoyan Mountain Scenic Area operated by the participating company Huoyan Mountain Company has been included in the scope of the commercial project franchise auction. The Turfan Public Resources Exchange Center has issued an auction announcement. The operating period is 30 years, the starting price is 524 million yuan, and the bidding period is October 29, 2026. As of the announcement disclosure date, the auction had not yet been completed, and Huoyanshan Company had not signed an agreement on business connections, transition arrangements, and protection of rights and interests. If a third party competes and the relevant arrangements are not implemented, it may affect the investment value of Huoyanshan Company's operations and shares held by Western Tourism.

According to Xiyu Travel's announcement, the Huoyan Mountain Scenic Area operated by the participating company Huoyan Mountain Company has been included in the scope of the commercial project franchise auction. The Turfan Public Resources Exchange Center has issued an auction announcement. The operating period is 30 years, the starting price is 524 million yuan, and the bidding period is October 29, 2026. As of the announcement disclosure date, the auction had not yet been completed, and Huoyanshan Company had not signed an agreement on business connections, transition arrangements, and protection of rights and interests. If a third party competes and the relevant arrangements are not implemented, it may affect the investment value of Huoyanshan Company's operations and shares held by Western Tourism.