Following the change of CEO, FOSUN TOURISM Group (hereinafter referred to as "FOSUN TOURISM") has initiated the privatization process. On December 11th, in response to FOSUN TOURISM's intention to privatize and delist from the Hong Kong Stock Exchange, FOSUN TOURISM stated: this privatization proposal is a decision made based on the company's long-term development, and the company will focus more on transitioning to a light asset model. After the privatization is completed, FOSUN TOURISM will continue to maintain the normal operation of its existing Business. Currently, FOSUN TOURISM stands at a transformation "crossroads". Industry experts analyze that the timing of the privatization suggests that FOSUN TOURISM may have transformation needs, and the current low valuation on the Hong Kong Stock Exchange may cause the company to incur higher costs to maintain its stock price. In recent years, some tourism companies have also pursued privatization and delisting, but when making privatization decisions, companies still need to weigh the pros and cons. (Peking Business News)