Fosun Tourism Group (01992.HK) announced that its subsidiary, Taicang Alps International Resort, has recently completed the signing of the second-phase project contract, with a total investment of more than 5 billion yuan.

The second phase of the project will be funded by Taicang Municipal Government and operated and managed by Fosun Tourism Group. The goal is to create a number of 'world's most' titles, including the longest indoor skiing track, the most complete entertainment facilities, and the total area of the ski resort is about 190,000 square meters. It aims to become a one-stop ice and snow-themed tourist destination with the largest scale. Since the opening of the Alps International Resort, it has received about 320,000 visitors in total.