Evening of July 20th，Huangshan Tourism (stock code: 600054) announced，The company plans to repurchase some of the company’s domestically listed foreign shares (B shares) through centralized bidding transactions。188bet Online Sports Betting and Casino The total amount of funds used to repurchase shares this time shall not exceed 300 million yuan，equivalent to USD 0.447.3 billion yuan。The price of this repurchase of shares is not higher than 1.USD 360/share，equivalent to RMB 9.121 yuan/share。

Huangshan Tourism Instructions，Trading in the company’s domestically listed foreign-invested stock “Huangshan B” is not active、The stock price has been low for a long time。As of July 19, 2018，Huangshan B share closing price 1.US$152/share，equivalent to RMB 7.726 yuan/share，Compared to the closing price of "Huangshan Tourism" A shares on the same day, RMB 11.43 yuan/share，Discount 32.41%。The company’s operating conditions have been good in recent years，The stock price of the company's B shares has deviated from the company's actual operating conditions to a large extent，The price performance of B shares is largely inconsistent with the company’s intrinsic value，The company’s market value is undervalued。

This plan still needs to be submitted to the company’s shareholders’ meeting for review，188bet app the repurchase period is 6 months from the date the company’s shareholders meeting passes the resolution to repurchase shares。When the repurchase period expires, the actual number of shares repurchased will account for 747.3 million shares of the current company's total share capital、Based on the proportion of the total number of B shares of 234 million shares，No more than 5% of the company’s current total share capital.20% and 16 of the total number of B shares.59%。

Company representation，This repurchase of B shares is an important step in the company’s capital market strategy，Help maintain the company's image in the capital market，Enhance public investors’ confidence in the company，Improve company value，Maximizing shareholders’ interests。After the company repurchases shares，The shares repurchased will be canceled in accordance with the law and the company’s registered capital will be reduced accordingly。