October 15th，China Travel Service Hong Kong issued an announcement saying，On October 12, 2021，The company entered into a share purchase and sale agreement with Ceylon Hotels，Agree to 449.Acquisition of 50% equity interest in Handhuvaru Company from Ceylon Hotels for US$370,000，The remaining 50% shares of Handhuvaru are held by Zhenhua Engineering。Handhuvaru Company owns the lease rights of Ambala Island in the Maldives，Conditions precedent to the acquisition include the Maldives government’s approval of the Ambala 188bet online sports betting Island development environmental assessment report。

After completing the acquisition，Our company will reach an agreement with Zhenhua Engineering，Work together to develop Ambala Island into a mid-to-high-end resort with about 100 rooms。

As understood，The Maldives is a world-renowned tourist destination，Before the COVID-19 epidemic, we continued to benefit from the increasing demand and rising tourism consumption of Asian tourists, especially Chinese tourists，The number of tourists is currently recovering well，It is expected to resume healthy growth after the epidemic。The company is built around “First-class tourist destination investment and operation service provider”’s strategic positioning，Has been actively seeking investment opportunities in the Maldives，To obtain higher returns and long-term growth。Ambala Island is located in Vavu Atoll，About 90 kilometers from Male International Airport，Convenient transportation，And rich in tourism resources，has good development potential，188bet app download Therefore，The company believes that the acquisition is highly consistent with the company's business development strategy。

It is reported，Zhenhua Engineering is a wholly-owned subsidiary of China Harbor Engineering Co., Ltd.，China Harbor is mainly engaged in transportation infrastructure construction around the world，Business covers more than 100 countries and regions，Experience in large-scale project development and construction in Maldives，Including the successful construction of two resorts。The company and Zhenhua Engineering will cooperate to complement each other's advantages，Contribute to the development and operation of the Ambala Island project，Create a win-win situation for both parties；The directors believe that the terms of the share purchase and sale agreement are fair and reasonable and that the acquisition is in the overall interests of the group and shareholders。