China Travel International Investment Hong Kong Limited agreed to Spin-Off CTG Hongkong and Macao Culture and Tourism Holding Limited on May 20, 2026. China Travel International Investment Hong Kong Limited plans to spin-off HKM Culture and Tourism by way of a distribution in specie and separate listing of the HKM Culture and Tourism Shares by way of introduction on the Main Board of the Stock Exchange. HKM Culture and Tourism is organized as a holding company of the principal businesses of CTG Hongkong and Macao Culture and Tourism Holding Limited and its subsidiaries (SpinCo Group) comprising - (i) passenger transportation operations, (ii) hotel operations and (iii) travel document and related services. Following the completion of the Proposed Spin-off and the listing of the SpinCo Group, the tourist attraction and related operations and supplementary tourist attraction operation of China Travel International Investment Hong Kong Limited and its subsidiaries will remain within the Retained Group.
As of May 20, 2026, China Travel International Investment Hong Kong Limited submitted a spin-off proposal to the Stock Exchange pursuant to PN15 in relation to the Proposed Spin-off and the Stock Exchange has confirmed that China Travel International Investment Hong Kong Limited may proceed with the Proposed Spin-off.
China Travel International Investment Hong Kong Ltd is an investment holding company mainly engaged in tourism attraction and related business. The Company operates its business through four segments. The Tourist Attraction and Related Operations segment engages in the operation of theme parks, scenic spots, cable car systems, skiing facilities, hotspring resorts, other resorts, arts performance and tourism property development. The Passenger Transportation Operation segment engages in the provision of cross-border transportation services to individuals travelling, as well as vehicle and vessel rental and charter operations. The Hotel Operation segment engages in the provision of hotel accommodation, food and beverage services. The Travel Documents and Related Operation segment engages in the provision of travel document and related services.
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