China Tourism And Culture Investment Group Co.,Ltd (SHSE:600358) signed an Equity Transfer Agreement to acquire Jiangxi Haijigou Import and Export Co., Ltd. from Jiangxi Tourism Group Co., Ltd. for CNY 51 million on June 14, 2023. As of December 31, 2022, Jiangxi Haijigou Import and Export Co., Ltd. reported total assets of CNY 88 million and net assets of CNY 52 million. The deal has received approval from board of directors of China Tourism And Culture Investment Group, and is subject to approval from regulatory board and shareholders of China Tourism And Culture Investment Group and Jiangxi Tourism Group. As of December 25, 2023, the transaction is approved by shareholders of China Tourism And Culture Investment Group Co.,Ltd. As of December 30, 2023, Jiangxi Provincial State-owned Capital Operation Holding Group Co., Ltd. agrees that China Tourism And Culture Investment Group Co.,Ltd will acquire a 100% in Jiangxi Haijigou Import and Export Co., Ltd. from Jiangxi Tourism Group Co., Ltd.

China Tourism And Culture Investment Group Co.,Ltd (SHSE:600358) completed the acquisition of Jiangxi Haijigou Import and Export Co., Ltd. from Jiangxi Tourism Group Co., Ltd. on January 3, 2024.