FOSUN TOURISM Group has issued a profit warning, expecting that the net profit attributable to Shareholders for the year ending December 31, 2024, will shift from profit to loss, anticipated to be between a net loss of 50 million yuan and a net profit of 10 million yuan. In comparison, the audited net profit for 2023 was 0.3072 billion yuan. The Board of Directors stated that the poor performance is mainly due to the sluggish Real Estate market in China, leading to a decrease in property sales in 2024.The company emphasizes that this profit forecast data is based solely on the Board's preliminary review of the unaudited consolidated management accounts, and the final data may be subject to adjustments. Since this profit forecast was published during the offer period for the acquisition, according to Rule 10 of the Hong Kong Code on Takeovers and Mergers, the company requires its auditor and financial advisor to provide relevant reports. The company plans to include the relevant reports in the planned documents that will be sent to Shareholders subsequently.

FOSUN TOURISM Group has issued a profit warning, expecting that the net profit attributable to Shareholders for the year ending December 31, 2024, will shift from profit to loss, anticipated to be between a net loss of 50 million yuan and a net profit of 10 million yuan. In comparison, the audited net profit for 2023 was 0.3072 billion yuan. The Board of Directors stated that the poor performance is mainly due to the sluggish Real Estate market in China, leading to a decrease in property sales in 2024.The company emphasizes that this profit forecast data is based solely on the Board's preliminary review of the unaudited consolidated management accounts, and the final data may be subject to adjustments. Since this profit forecast was published during the offer period for the acquisition, according to Rule 10 of the Hong Kong Code on Takeovers and Mergers, the company requires its auditor and financial advisor to provide relevant reports. The company plans to include the relevant reports in the planned documents that will be sent to Shareholders subsequently.