Guangzhou Tianxing International Hotel is Yes Group?

No, upon inquiry, Guangzhou Tianxing International Hotel is not Yip's Group, but Guangzhou Tianxing Hotel Co., Ltd., which was established in 2006 and located in Guangzhou, Guangdong Province. It is an enterprise mainly engaged in the accommodation industry. Beijing Yip's Enterprise Group Co., Ltd. (hereinafter referred to as Yip's Group) was established on 1992. After more than ten years' efforts, Yip's Group has become a large-scale comprehensive economic entity with investment in home ownership, modern service industry, financial industry and catering service as the main structure, with total assets of 654.38 billion yuan, and the two enterprises are not related.