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Tibet tourism in the first three quarters of net income increased twenty percent to buy back shares to equity incentive

Date: 2019-10-28

On October 24, Tibet tourism co., LTD. (hereinafter referred to as the Tibet travel), published in the third quarter of 2019., according to a report in the first three quarters of this year, the Tibet tourism revenue of 156 million yuan, up 5.66% from a year earlier.Net profit of 24.9665 million yuan, up 19.53%;Buckle a net profit of 15.4537 million yuan, up 5.16% from a year earlier.Tibet tourism, said revenue growth because the scenic area secondary consumption, cultural services and other business income increased year on year.

According to a report in the third quarter, Tibet tourism return shareholders huai Tibet culture development co., LTD. (hereinafter referred to as "huai culture") of the principal and interest amounted to 71.8023 million yuan.June 30, huai culture provide loan of $165 million due to travel in Tibet, Tibet tourism returned after borrowing 100 million yuan, the remaining 65 million yuan loan as a special culture to Tibet tourism to provide financial support, loans extended to September 30, 2019.In the third quarter, according to a report by the end of September 25, 2019, Tibet tourism has fully repay the principal and interest of the huai culture financial support.

At the same time, Tibet tourism also issued a share buyback announcements for equity incentive plan.Announcement, Tibet travel plan to no more than the price of 15 yuan/share repurchase 3.5 million - 7 million shares, accounting for about Tibet tourism is 1.54% - 3.08% of total equity, intended to buy back about 52.5 million yuan - 105 million yuan of funds, funds from the Tibet travel its own funds and self-raised funds.Tibet tourism said, buy back shares to further improve the company's long-term incentive mechanism, promote management goal and the realization of the overall strategy of the company.

Data shows, Tibet tourism has been developed and put into operation of the scenic spot has Brahmaputra grand canyon mountain, bassoons, benzene, cuo (passenger, boat tour business), LuLang flowers and pasture and ali mountain, the sacred lake scenic area.In addition to the passenger tickets and scenic, Tibet tourism also for the scenic spot and the surrounding major traffic node, as well as provide short-distance transportation between tourist distributing center.