Tourism Holdings Co., Ltd. Dalian Sun Asia's foreign investment announcement

Tourism Holdings Co., Ltd. Dalian Sun Asia's foreign investment announcement
All members of the Board of Directors of the Company and the contents of this announcement does not contain any false, misleading statements or material omissions, and its contents are true, accurate and complete individual and joint responsibility.
Important tips:
Name of investment targets: development and construction of tourism projects
Amount of investment: 242 million yuan investment for tourism development and construction projects
Special risk warning:
Investment risk inherent in the subject: due to the policies and regulations, macroeconomic, and other factors affecting the tourism market, with a certain investment risks, the company will strengthen management, with different policies and measures to control and mitigate risks, ensure the smooth realization of the company's investment income .
The investment company subject to shareholder approval to take effect.
First, an overview of foreign investment
(A) Foreign investment projects
According to October 10, 2011 meeting of the Fourth Session of the Board of Directors 2011 Board of Directors examined and approved the fourth temporary "on the company's investment plan in 2011 - 2013 motion," the company while actively upgrading existing pavilion , opening up new profit growth point, on the other hand grasp the integration of tourism resources around Xinghai Bay, the company plans to invest about 242 million yuan for tourism development and construction projects, expanding the company's existing core business, and gradually change the company's main business a single, weak to resist the risk of disadvantage, improve the company's market competitiveness, and expand the industrial scale company, driving growth for the company, enabling the company to long-term sustainable development.
1, Dalian Sun Asia expansion project
http://yangtzecruise2011.blogspot.com/2012/01/dalian-sun-asia-600-593-to-spend-242.html
To meet the continuous economic development of modern society and people's growing tourism diversified consumer demand, the company now plans to invest 14,200 million for the renovation and expansion project in Dalian Sun Asia to develop experience-based tourism and film tourism two new special forms of tourism.
2, development and construction Sanshandao "sea view Dalian" tourism project
The company plans to invest 10,000 million yuan to develop the construction of Dalian Sanshandao "sea view Dalian" tourism project, the creation of new routes of navigation all year round, full development will be set Sanshandao Dalian Maritime tour, leisure vacation, business meetings, health fitness, seafood, fishing and other integrated tourism projects.
(B) the protocol overview
1, Dalian Sun Asia expansion project
Company and Dalian Xinghai Bay Business District Travel Management Company Limited (hereinafter referred to as "Travel Company") signed the "Investment Cooperation Agreement", jointly developed a century sculptures underground scene-style adventure experience park project. Company intends to invest $ 50 million for the project upfront infrastructure and purchase of equipment and facilities and other tourism companies responsible for providing the necessary land for construction projects or property right to operate the project implementation process of obtaining the governmental approvals required.
2, development and construction Sanshandao "sea view Dalian" tourism project
Management Committee and Dalian Sanshandao company signed the lease on the Big Island Sanshandao contract, lease term of 20 years, the rent for the year 2011 and 2012 is RMB 33 million yuan, are paid quarterly; 2013 and beyond, each year in accordance with the previous year's rent increase every year based on the determined 20%, are paid quarterly. The two sides agreed to operate before the expiration of three months, the franchise renewal negotiations Sanshandao matters, under the same conditions, Party B shall enjoy the priority right to renewal, the renewal period will be not less than 20 years.
Far East with Dalian Shipbuilding Co., Ltd. signed a "ship construction contract" Order two sightseeing passenger, Dalian project for the development of sea to see the use of the total contract price, the amount of $ 30.7 million. Company Investment Co., Ltd. and Dalian City, signed a development and consolidation fees upfront payment agreement, the trial based on the quasi-even special characters [2011] No. 73 "special audit report", the contract amount of 2,519.59 million.
(C) consideration of the Board of Directors
2012 4th Board of Directors Board of Directors meeting of the first temporary December 31, 2011 notice of meetings, January 4, 2012 9:00 am by way of meeting, all directors of the company 9 vote attended the meeting, unanimously passed the "development and construction of tourism projects on the company's motion."
(D) still need to submit the investment company shareholders' meeting, shareholders authorized the Board to consider for adoption-related development issues. Company will be based on the progress of various projects, timely implementation of the disclosure obligations.
http://yangtzecruise2011.blogspot.com/