Xinjiang Tianshan Tianchi Tianyong City Tourism Co., Ltd announced that it has signed a capital increase agreement with Western Regions Tourism Development Co.,Ltd (SZSE:300859) and Xinjiang Xipa Wenkong Investment Co., Ltd. to CNY 40,000,000 on April 26, 2021. Western Regions Tourism Development Co.,Ltd (SZSE:300859) will invest CNY 16,000,000 and Xinjiang Xipa Wenkong Investment Co., Ltd. will invest CNY 24,000,000. The registered capital will increase from CNY 10,000,000 to CNY 50,000,000. The transaction was approved at the the second meeting of the sixth board of directors and the second meeting of the sixth board of supervisors and do not need to be submitted to the shareholders meeting for deliberation.