FTG’s Profit Excluding the One-Off Gain for the First Half of 2024 Will Increase by No Less Than 10%

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, Vacation Asset Management Center and Foryou Club and Other Services continued their recovery. For the six months ended 30 June 2024 (the “first half of 2024”), the Business Volume (at constant exchange rate) from tourism operation of the Group is expected to increase by no less than 8% as compared to that of the six months ended 30 June 2023 (the “first half of 2023”). 

It is expected that the Group’s profit attributable to equity holders of the Company excluding the one-off gain on disposal of Resorts for the first half of 2024 will increase by no less than 10% as compared to the same period in 2023; and the Group’s profit attributable to equity holders of the Company for the first half of 2024 will be no less than RMB300 million (there is a one-off gain from the disposal of Kemer Resort and the sale and leaseback of Les Bouncaniers Resort for the same period in 2023).