Beijing capital tourism group co., ltd.

1: Beijing Capital Tourism Group Co., Ltd. is the major shareholder of Quanjude.

2. It is a listed company, with BTG shares under the group, Quanjude listed on A shares, and Home Inns listed on NASDAQ. Their main business does not conflict, so there is no contradiction.

3. Another example is the recently established Shandong Heavy Industry Group, which owns Shantui, Wei Chai Heavy Machinery and Weichai Power.