Is the investment contract of China Tourism Group Co., Ltd. formal?

Formal. The investment contract of China Tourism Group Co., Ltd. is supervised by the State-owned Assets Supervision and Administration Commission of the State Council and has complete qualifications and is formal. China Tourism Group Co., Ltd. and China Travel Service (Group) Co., Ltd. Hong Kong are important state-owned enterprises directly managed by the central government and one of the central enterprises headquartered in Hong Kong, China.