Securities code: 600054 (A shares) stock abbreviation: Huangshan Tourism Development Co.Ltd(600054) (A shares) No.: 2022-006 900942 (B shares) Huangshan B shares (B shares)
Huangshan Tourism Development Co.Ltd(600054)
Announcement on investment and construction of Tangquan Hotel reconstruction project
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
● name of investment object: Tangquan Hotel reconstruction project
● investment amount: About 34.2 million yuan
● risk warning: during the project construction period, it may be affected by many factors such as material procurement, construction management and construction progress, thus affecting the project construction effect. At the same time, affected by covid-19 epidemic, economic environment, macro policies, industry development, operation and management and other factors, the project may have the risk of not reaching the expected income. 1、 Project investment overview
1. In order to upgrade the reception facilities of Tangquan Hotel and improve the service quality, the company held the 7th Meeting of the 8th board of directors on January 18, 2022, deliberated and approved the proposal on investing in the reconstruction project of Tangquan Hotel, and agreed to invest in the reconstruction project of Tangquan hotel. The estimated investment amount is 34.2 million yuan, and the capital source is the company's own funds.
2. The investment of this project does not constitute related party transactions, nor does it constitute major asset restructuring as stipulated in the administrative measures for major asset restructuring of listed companies.
3. The board of directors of the company authorizes the management to handle all matters related to the investment of the project, including but not limited to handling all other matters related to the follow-up.
2、 Basic information of investment object
1. Basic information of the project
Tangquan hotel is a boutique hotel of the company, located in Tangkou Town, Huangshan District, Huangshan City, with a total construction area of 8106 square meters. There are 47 guest rooms and supporting catering, conference and other functions.
Considering that the reception facilities of Tangquan hotel are aging, the functional layout is unreasonable, and the product format can not better meet the market demand, in order to systematically upgrade the reception facilities of Tangquan Hotel, improve the service quality, realize brand management, and improve the level of asset income, the company plans to invest in the reconstruction project of Tangquan Hotel on the basis of full investigation and demonstration, For the systematic upgrading and transformation of the hotel, the estimated investment amount is 34.2 million yuan, and the source of funds is the company's own funds. Through transformation, it will be built into a medium and high-end selected micro resort hotel for medium and high-end consumer groups such as medium and high-end vacation, leisure and health care, home travel, enterprise group construction, government and business reception.
2. Main contents of the project
Tangquan Hotel reconstruction project plans to comprehensively upgrade the hotel's software and hardware facilities and reasonably optimize the functional layout. The main construction contents include the decoration of guest rooms, catering, meetings, lobby, kitchen, office and other areas, as well as the reconstruction of main structure, facade and the replacement of electromechanical facilities and equipment. The construction period of the project is expected to be 9-11 months from the commencement date of the project. After the reconstruction of the project is completed, the number of guest rooms will increase to about 70-80, with supporting bars, book bars, courtyard gardens, parents and children and other public spaces. The specific construction content of the project shall be subject to the planning and design scheme approved by the relevant competent government departments.
Through calculation, the payback period of the project investment is 9.23 years. After the reconstruction and operation of the project, it is expected that the room rental rate can be increased from 40% to 65% within ten years. At that time, the annual operating revenue is expected to be 24.5 million yuan.
3、 Impact of project investment on Listed Companies
The investment and construction of Tangquan Hotel reconstruction project is an important measure for the company to comply with the development trend of the tourism industry and implement the brand development strategy of the company's hotel sector. It aims to systematically upgrade the reception facilities of Tangquan Hotel, improve the service quality, meet the market demand, and improve the asset income level, which is conducive to further enriching the business format of tourism products, Improve the satisfaction of tourists and market recognition. At the same time, the brand management of the hotel can further expand the brand and market value of the hotel sector, enhance the overall competitiveness and sustainable development ability of the company's hotel sector, and comply with the company's long-term planning and development strategy.
The capital source of this project investment is the company's own funds, which will not affect the normal operation of the company's production and operation activities, have a significant impact on the company's financial and operating conditions, and will not damage the interests of the listed company and all shareholders.
4、 Risk analysis of project investment
1. During the construction period of the project, many factors such as material procurement, construction management and construction progress may affect the construction effect of the project. In this regard, the company will strengthen the bidding, quality and progress control in the process of the project, and pay attention to the prediction and prevention of possible adverse conditions and changing factors, so as to ensure that the project is completed according to quality and quantity.
2. The company has conducted sufficient feasibility demonstration when planning the above projects, but affected by covid-19 epidemic situation, economic environment, macro policies, industry development, operation and management and other factors, the project may have the risk of not reaching the expected income. The company will actively pay attention to the changes of the external environment, closely track the market demand, improve the operation and management level, strengthen publicity and promotion, improve the service quality of tourists, and actively respond to and prevent possible risks.
3. The investment planning, environmental protection, project initiation and other matters of the project still need to be approved by relevant competent government departments, and there is some uncertainty in the final approval.
According to the follow-up progress of the project investment, the company will timely perform the obligation of information disclosure in accordance with relevant regulations. Please pay attention to investment risks.
5、 Documents for future reference
Resolution of the 7th Meeting of the 8th board of directors of the company.
It is hereby announced.
Huangshan Tourism Development Co.Ltd(600054) board of directors January 19, 2022
