Lijiang Xuechuan Tourism Service Co., Ltd. announced that it will issue 40,130,600 common shares at an issue price of CNY 1 per share for gross proceeds of CNY 40,130,600 on September 26, 2023. The transaction will include participation from returning investors, LiJiang YuLong Tourism Co., LTD. will invest CNY 36,079,747 and Lijiang Yulong Snow Mountain Scenic Spot Investment Management Co., Ltd. will invest CNY 4,050,853. The transaction has been approved at the 25th meeting of the seventh board of directors.

The company's registered capital will increase from CNY 111,227,498 to CNY 151,358,098.