Gelonghui, Yunnan Tourism (002059.SZ) announced on September 8th that the company is based on strategic development planning and business development needs. With its own capital contribution of 6.15 million yuan, it has jointly invested with Shenzhen overseas Chinese City Karle Agricultural Tourism Technology Co., Ltd. ("Karle Agricultural Travel") and Yunnan Fachuang Science and Technology Development Partnership (limited partnership) ("Fachuang Technology") to establish Yunnan overseas Chinese Town Expo Culture and Technology Co., Ltd. ("Expo Culture and Technology" or "holding subsidiary").

The establishment of a holding subsidiary by the company's overseas investment is based on the needs of the company's strategic planning and business development, and makes full use of the advantages of all parties to integrate resources, which is conducive to promoting the company's new industrial layout and realizing the extension of the company's industrial chain. The holding subsidiary will give full play to the company's tourism cultural planning, design and technical advantages, rely on IP resources such as Yunnan biodiversity and dinosaur valley dinosaur fossils, and actively use new technologies such as high-definition digital, AR and VR to upgrade and transform garden and Expo assets, science and technology museums, science parks, museums and research bases in other provinces and cities in China, and provide science and technology culture, education, science popularization and entertainment experience for the project. To meet the growing needs of the people for a better life. The establishment of a holding subsidiary by the company's overseas investment will help to enhance the company's comprehensive competitive strength and further enhance the company's sustainable development ability, which is in line with the interests of the company and all shareholders.