1. China International Travel Service Limited (Head Office), formerly known as the Head Office of International Travel Service, was established in Beijing in 1954 with the personal instructions of the Prime Minister and the approval of the State Council. It was the first travel agency to receive overseas tourists, the first corporate member of the World Tourism Organization, and the first of the five travel agencies in Beijing. China Travel Service has successively joined PATA (Pacific Asia Travel Association), IATA (International Air Transport Association), ASTA (American Association of Travel Agents), WTTC (World Tourism Council), WTCF (World Federation of Tourism Cities) and other international organizations, and is the vice-president unit of travel agency associations. The establishment of China Travel Service Head Office marks the beginning of new tourism, and the development of China Travel Service Head Office is the epitome of tourism reform and development. Since its establishment 60 years ago, China Travel Service (CTS) has been committed to promoting exchanges with the world in various fields, promoting friendly exchanges with countries around the world, giving full play to its role as a &”;folk ambassador&”;, attracting and receiving tens of millions of overseas tourists to China, and other party and state leaders have received overseas tourists organized by CTS many times. CTS has made outstanding contributions to foreign exchanges and the development of tourism. With the reform and opening up and the rapid development of economy, through the hard work and unremitting efforts of several generations of Chinese travelers, China Travel Service Headquarters has developed into a large-scale tourism enterprise integrating inbound tourism, outbound tourism, domestic tourism, award-winning tourism, visa service, business travel service, aviation service, e-commerce and other comprehensive services, and is a well-known travel agency enterprise group in China. China Travel Service Head Office has won many awards such as &”;Best Tourism Enterprise Award&”;, &”;The Highest Foreign Exchange Earning Award of Travel Agency&”;, &”;The Highest Outreach Number Award of Travel Agency&”; and &”;The Best Collective of the Cup in Capital Tourism&”; in Beijing, and won the first place in the top 100 travel agencies for many times. In 2008, as the exclusive logistics service unit for the Beijing Torch Relay at home and abroad and the only tourism enterprise that participated in the official reception service of the Olympic Games, China Travel Service made positive contributions to the success of the Olympic Games, and provided first-class tourism services for national events such as Shanghai World Expo, Guangzhou Asian Games, Xi &;an World Expo and Beijing World Expo, which won wide acclaim. CITS brand has become a leading brand in China, a first-class brand in Asia and a world-famous brand. Among the 500 most valuable brands released by the World Brand Lab in 2017, CITS and CITS brands ranked 48th in the list of the 500 most valuable brands with a brand value of 60.589 billion yuan, ranking first among the tourism service brands for many years, and continuously leading the tourism service industry. In 2004, China Travel Service Headquarters and China Exemption Company merged and reorganized into China Travel Service Group Co., Ltd., and in 2009, it was listed on the Shanghai Stock Exchange as an important subsidiary of China Travel Service Co., Ltd. In 2016, with the approval of the State Council, China Travel Group Co., Ltd. and Hong Kong China Travel Service GroupThe group company was reorganized to form a tourism group company, and the China Travel Service Head Office became a subsidiary of the tourism group. With the correct leadership and strong support of the group and joint-stock companies, in recent years, in accordance with the development strategy of &”;paying equal attention to three tours and two networks simultaneously&”;, China Travel Service Head Office has continuously consolidated inbound tourism, vigorously developed outbound tourism, actively expanded domestic tourism, focused on promoting business award-winning tourism, and d the layout of overseas visa centers. We will make every effort to build a product series and brand system centered on the inbound tourism brand of CITS, outbound tourism brand of Total Travel, domestic tourism brand of CITS Holiday, free travel brand of self-traveling, award-winning tourism brand of China Travel Club and e-commerce brand of cits online, and take the physical network expansion of travel agencies and online travel e-commerce as the main development paths to continuously expand the business scale and market share. At present, China Travel Service Headquarters has 38 wholly-owned and holding enterprises, 5 shareholding enterprises, more than 1,800 tourist outlets and hundreds of member clubs of China Travel Service Council. There are 6 wholly-owned and controlled overseas travel agencies and 19 overseas visa centers in 12 countries and regions around the world, and long-term and stable cooperative relations have been established with more than 1,400 travel agents in more than 100 countries, forming a modern business network based on domestic and global perspectives. In the future, China Travel Service Head Office will continue to adhere to the spirit of &”;not afraid of difficulties, professional and efficient, teamwork and innovation&”;, take scientific development as the theme, deepen enterprise reform, optimize resource allocation, transform development, transformation and upgrading, further strengthen and expand its main business according to the ideas of specialized division of labor, coordinated development and intensive management, and become a leading, world-class open tourism platform operator with core resources, in order to move from a big tourist country to a tourist one.