According to the Tianyancha App, on November 16th, New Oriental (Jiangsu) Culture and Tourism Investment Co., Ltd. was established, with Yu Minhong as its legal representative and chairman, and a registered capital of 100 million yuan. Its business scope includes tourism business, tourism development project planning and consulting, asset management services invested with its own funds, and investment activities carried out with its own funds. It is fully owned by Beijing New Oriental Culture and Tourism Co., Ltd.