Shenzhen Overseas Chinese Town Co.,Ltd. (China)

Shenzhen Overseas Chinese Town Co., Ltd. (referred to as OCT, stock code 000069) is a listed company under the OCT Group, specializing in tourism and real estate. The company aims to become a leader in domestic theme parks, a pioneer in the tourism industry, and a promoter of urbanization value. OCT was established on September 2, 1997, in Shenzhen, a window of China's reform and opening-up. On September 10, OCT successfully went public on the Shenzhen Stock Exchange. Since 2007, the company has been actively promoting the overall listing of OCT Group's main business and finally completed it in 2009. Since then, OCT has firmly established its strategic role as a value achiever for OCT Group. In 2015, OCT increased its total share capital to 8.206 billion through non-public issuance of shares. Through relentless efforts, OCT has established a leading position in the tourism industry. It has successively developed and constructed a large number of well-known theme parks and cultural tourism scenic spots, including Splendid China Folk Village, Window of the World, Happy Valley, and OCT East in Shenzhen. With theme parks as the core, OCT has created a multi-product system including tourism performances, cultural industry clusters, and the Happy Coast urban entertainment business model. After nearly 20 years of exploration and upgrading, OCT has built a mature integrated development model with tourism and real estate as its main business. The various business sectors are integrated, and cultural tourism scenic spots, hotels, residential and commercial properties form an organic whole in various forms. This unique advantage sets the company apart from the general tourism and real estate development models and achieves a synergy effect of 1+1>2. It has formed close connections and mutual complementarity in terms of business layout, product functions, profitability, and capital recovery, generating obvious synergies and cluster advantages. In recent years, the company has continuously explored and practiced business innovation, including exploring new models for cultural tourism development, constructing a comprehensive real estate business system, and researching and developing tourism internet business.