What is the relationship between Shanghai Shang Gang Asset Management Co., Ltd. and city tourism?

The relationship between Shanghai Shang Gang Asset Management Co., Ltd. and Tongcheng Tourism is that Tongcheng Tourism is a subordinate project of Shanghai Shang Gang Asset Management Co., Ltd., because according to the online information of the State Administration for Industry and Commerce, Shanghai Shang Gang Asset Management Co., Ltd. was established on July 22, 20 15, and started the Tongcheng Tourism Project on June 22, 20 17. After opening, it will bring 15% net asset appreciation to the company, which is one of the main profit items of the company. Therefore, the relationship between them is that urban tourism is a subordinate management project of Shanghai Shang Gang Asset Management Co., Ltd.