Yantai Zhong Ping Industry Co., Ltd. Yantai Beihai Hotel Co., Ltd.

Yantai Beihai Hotel Co., Ltd., as one of the holding companies, is a three-star foreign-related hotel integrating catering, accommodation, entertainment and tourism. Established in 1976, the hotel is one of the early "four major hotels" in Yantai. It is a reception unit designated by the former municipal government, and was restructured into a joint-stock enterprise in 2003. The hotel is located in downtown Yantai, with cultural square and gymnasium in the east, nanshan park, the largest park in Yantai in the south, municipal government and government agencies in the west and Yantai Central Business District in the north. It is an ideal place for vacation, travel and leisure. The hotel always adheres to the service concept of people-oriented and guests first, and has established a good social image. It has successively won honorary titles such as municipal civilized unit, best foreign-related hotel and provincial tourism consumption trustworthy unit. In the cold current of the financial crisis in 2009, the company actively implemented Scientific Outlook on Development's important thought, faced the crisis directly and went against the trend in its operation, and realized the transformation from an administrative business hotel to a business leisure hotel through a series of measures such as energy saving and emission reduction, post adjustment, overall dressing change and talent introduction, and established a brand image of "beautiful, warm and pleasant". Beihai Hotel regained the leading position in Yantai's hotel industry and became the element of Yantai's charming city brand.