On September 19th, Ge Longhui announced that on September 19th, 2024, the company received a notice from its controlling shareholder, Tourism Investment Group, with the following main content: "Our company has an economic dispute with Xi'an Zhongma International Real Estate Co., Ltd. Xi'an Zhongma International Real Estate Co., Ltd. has applied to the Yanta District People's Court of Xi'an to freeze 10,358,215 shares of our cultural tourism stocks (stock code: 600706) held by our company, accounting for 9.05% of its shareholding and 4.06% of the company's total share capital."
We have reported to the superior department and actively resolved the debt. According to the overall arrangement of debt transformation work, we strive to solve it as soon as possible."