The actual controller of Nanjing Business & Tourism is still the Nanjing State-owned Assets Supervision and Administration Commission

According to the announcement from Nanjing Business & Tourism (600250.SH), on September 30, 2025, the company received a notice from its controlling shareholder, Nanjing Tourism Group Co., Ltd. (hereinafter referred to as Tourism Group). According to the "Special Plan for the Restructuring and Integration of Nanjing Cultural Tourism Group" issued by the General Office of the Nanjing Municipal Committee of the Communist Party of China and the General Office of the Nanjing Municipal People's Government, the Nanjing State-owned Assets Supervision and Administration Commission intends to implement the integration with Tourism Group as the main body, increasing capital with 100% equity of Nanjing Cultural Investment Holding Group Co., Ltd. and 100% equity of Nanjing Sports Industry Group Co., Ltd.

After the completion of this restructuring of the controlling shareholder, the company's controlling shareholder and actual controller will not change. The controlling shareholder will still be Tourism Group (which may involve a name change after the restructuring is completed), and the actual controller will still be the Nanjing State-owned Assets Supervision and Administration Commission. This restructuring of the controlling shareholder does not involve changes to the main business of the listed company. In addition to the ongoing issuance of shares and cash payment to acquire 100% equity of Nanjing Huangpu Grand Hotel Co., Ltd. held by Tourism Group, the controlling shareholder currently has no other asset injection plans related to the listed company