Gronghui May 24 丨 Jinling Hotel (601007)(601007steamblockchaingames.SH) Announcementsteamblockchaingames, in order to better solve the problem of Nanjing Jinling Hotel Group Co., Ltd.(referred to as "Jinling Hotel Group") Regarding the issue of horizontal competition between the company and the company, we will concentrate the core advantageous resources of the hotel sector, implement integrated management and intensive operation of 11 hotels involved in horizontal competition, and accelerate quality improvement, efficiency improvement and asset revitalization. The company plans to agree to cooperate with Jinling Hotel Group and its subsidiary Jiangsu Jinling Tourism Investment Management Group Co., Ltd.(referred to as "Jinling Tourism Investment Company") and Jiangsu Jinling Wuxing Industrial Co., Ltd.(referred to as "Wuxing Industrial Company") signed the "Equity Entrusted Management Agreement." There will be no transfer of asset ownership in this related party transaction, does not constitute a major asset reorganization as stipulated in the Measures for the Management of Material Asset Reorganizations of Listed Companies, and will not lead to a change in the scope of the listed company's consolidated statements.
