Has Sheraton Jiuzhaigou International Hotel been acquired?

Yes, Taihe Group has wholly acquired the entire equity of Sheraton Jiuzhaigou International Hotel.

Sheraton Jiuzhaigou International Hotel is the first international five-star hotel in Jiuzhaigou Scenic Area. It is located in the western Sichuan Plateau, with an altitude of 1.800 meters. It is located in the "fairy tale world" Jiuzhaigou between the clear water and green mountains, with a distinctive Tibetan cottage-style architectural landscape. The hotel is located at the east 1.5km of the entrance of Jiuzhaigou Scenic Area, close to famous scenic spots such as Baihe Golden Monkey Nature Reserve. The layout of the hotel is scientific, and it is built on the mountain. It has the characteristics of Tibetan and Qiang nationalities and is integrated with the natural beauty of Jiuzhaigou. It is a modern large-scale conference hotel with national characteristics and international standards. The hotel consists of three buildings: East Building, West Building and National Grand Theatre (Art Square and Sign Tower). It has 482 comfortable rooms, large and medium-sized banquet halls, various restaurants with rich characteristics, Tibetan and Qiang folk song and dance performances and well-equipped entertainment facilities.