become WEH shareholders, and the existing WEH shareholders would become NUSA shareholders. After considering the clarifications submitted by NUSA, the SEC identified ambiguity in various reasonings. For
, and subsequent amendments on 26 and 27 August 2025, the SEC has determined that there is still ambiguity and a lack of essential information, particularly concerning the data and rationale CIG used to
SHR’s hotels with same warmth and hospitality, but with assured safety and hygiene procedures, and most flexible booking terms possible. SHR also believes that tourists from domestic market will firstly