Securities Code: 300859
Securities Abbreviation: Xiyu Tourism
Announcement No.: 2026-031
Xiyu Tourism Development Co., Ltd.
Announcement Regarding Proposed Gratuitous Transfer of State-Owned Shares
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false records, misleading statements, or material omissions.
Key Information Prompt:
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This state-owned equity gratuitous transfer involves Jichang State-owned Assets Investment Group Co., Ltd. (hereinafter referred to as "Jichang State-owned Assets") transferring 14,897,579 shares of Xiyu Tourism Development Co., Ltd. (hereinafter referred to as "Xiyu Tourism" or "the Company"), representing 9.61% of the Company's total share capital, to Xinlv Jichang Culture Tourism Development Co., Ltd. (hereinafter referred to as "Xinlv Jichang") under the approval of the State-owned Assets Supervision and Administration Commission of the People's Government of the Changji Hui Autonomous Prefecture.
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This transfer will not result in a change of the Company's controlling shareholder or actual controller. The Company's direct controlling shareholder remains Xinjiang Culture Tourism Investment Group Co., Ltd. (hereinafter referred to as "Xinjiang Culture Tourism"), and the actual controller remains the State-owned Assets Supervision and Administration Commission of the People's Government of the Xinjiang Uygur Autonomous Region (hereinafter referred to as "Autonomous Region SASAC").
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This gratuitous transfer will not lead to a change in the Company's controlling shareholder or actual controller, will not affect the stability of the Company's control, will not adversely affect the Company's normal production and operation and sustainable development, and does not harm the interests of the Company and other shareholders, especially small and medium shareholders.
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As of the disclosure date of this announcement, this transfer is subject to the approval of the autonomous region's state-owned assets supervision department, no agreement has been signed yet, and relevant legal procedures are yet to be completed, making the timing of the equity transfer uncertain.
I. Overview of the Gratuitous Transfer