Listing Approval for KYJT

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Listing Approval for KYJT

DCSX has approved the first tradeable listing from China, a listing of 500,000,000 shares of  Kaiyuan Travel Group China Holding Co., Ltd (KYJT). Li Chen Long Consulting Limited is the mandated Listing Advisor.

“Kaiyuan Travel Group China Holding Co., Ltd.”, a company incorporated under the laws of the Cayman Islands, is the company seeking to be listed on DCSX. Kaiyuan Travel Group China Holding Co., Ltd. is the owner of 100% of the outstanding shares of Hong Kong Kaiyuan Travel Group Holding Co., Ltd., a company incorporated under the laws of Hong Kong, which in turn is the owner of 100% of the outstanding shares of Nanchang Xiangyou International Traveling Agency Co., Ltd., a company incorporated and organized under the laws of China as a Wholly Owned Foreign Entity (“WOFE”). Nanchang Xiangyou International Traveling Agency Co., Ltd. owns 100% of the outstanding shares of Jiangxi Kaiyuan International Traveling Agency Group Ltd. (“JKIT”), which is the operating company in China with assets and business operations.

JKIT’s current main business is to Domestic tourism business, inbound tourism business and outbound tourism business, ticket agent as well as conference and exhibition services. JKIT has got involved in almost every step of tourism and ticket agent, including conference arrangement, paperwork, visa application, as it has organized and produced several tourism projects ranging from a two‐day tour to mount Lu to luxury and romantic 6‐day tour to Phuket Island. The main reason to list is to create liquidity for the current shareholder.

Further details about the business will be found in the Information Memorandum.

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