Guilin Tourism's wholly-owned subsidiary Lvqi Company ceases operations
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On October 9, 2026, Guilin Tourism issued an announcement stating that due to intensifying industry competition and changes in market structure, its wholly-owned subsidiary Guilin Tourism Automobile Transport Co., Ltd. had been continuously loss-making, and the board of directors agreed to the company's cessation of operations and to initiate employee resettlement. The announcement disclosed that as of June 30, Lvqi Company's net assets were -94.6074 million yuan. The company has currently entered the stage of cessation of operations and employee resettlement.
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- TripVividGuilin Tourism's wholly-owned subsidiary Lvqi Company ceases operations
Guilin Tourism announced on October 9 that due to intensifying industry competition and changes in market structure, its wholly-owned subsidiary Guilin Tourism Automobile Transport Co., Ltd. has continued to incur losses, and the board of directors agreed to cease its operations and initiate employee resettlement. As of June 30, the company's net assets were -94.6074 million yuan.
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