Beijing Xinghe Quansheng Investment agreed to acquire 2.5% stake in Xiamen Beiwen Cultural Industrial Equity Investment Fund Partnership Enterprise Limited Partnership from Beijing Jingxi Culture & Tourism Co.,Ltd (SZSE:000802) for CNY 70 million on December 27, 2023. The consideration consists of CNY 70 million in cash. As part of the consideration, CNY 70 million was paid towards common equity.

Beijing Jingxi Culture & Tourism Co.,Ltd board of directors approved the transaction. This does not require approval by the shareholders? meeting of the Beijing Jingxi Culture & Tourism Co.,Ltd .