Fosun Tourism Group Announces Positive Profit Alert

Fosun Tourism Group (the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’) wishes to inform shareholders (the ‘‘Shareholders’’) and potential investors of the Company that, benefiting from the worldwide easing of travel restrictions and the effective implementation of the Company’s strategy, the operations of the Group’s Club Med and  Others, Atlantis  Sanya, the Resort Asset Management Centre and other tourism and leisure services continued their strong recovery momentum. For the six months ended 30 June 2023 (the ‘‘first half of 2023’’), the business volume (at constant exchange rate) from tourism operation of the Group is expected to increase by no less than 24% compared to that of   the six months ended 30 June 2022 (the ‘‘first half of 2022’’) and the six months ended 30 June 2019 (the ‘‘first half of 2019’’). It is expected that the profit attributable to equity holders of the Company in the first half of 2023 is no less than RMB430 million, representing a turnaround compared to the loss attributable to equity holders of the Company of RMB197 million in the first half of 2022.

In the first half of 2023, Club Med recorded a  business volume (at constant exchange  rate) of no less than RMB7,540 million, increased by no less than 26% as compared to  the same period in 2022, and exceeded by no less than 14% than that in the same period   in 2019. In the first half of 2023, the Group continued to execute the value pricing  strategy and manage cost effectively. Benefiting from the significant growth in business volume, the unaudited net profit of Club Med achieved a steady improvement as compared to both the same periods in 2022 and 2019.