On October 17, Haichang Ocean Park announced the completion of a special authorization share subscription with Xiangyuan Holdings. Xiangyuan Holdings invested HKD 2.295 billion to acquire 5.1 billion shares, representing 38.6% of the total issued shares, thus becoming the controlling shareholder. Zeqiao Holdings' shareholding remains unchanged at 29.04%. The net proceeds of approximately HKD 2.284 billion will be used for daily operations and other expenses. The share subscription began on June 2. Xiangyuan Holdings stated that taking control of Haichang is a crucial step in enhancing its cultural tourism layout. Haichang is currently in a project expansion phase. Xiangyuan Holdings has significant experience in this field, operating two publicly listed cultural tourism companies, creating a "one Hong Kong stock + one A-share" structure. This transaction is expected to have a profound impact on the evolution and value upgrade of the cultural tourism industry.