Jinan Tiesheng No.3 Investment Partnership (Limited Partnership) entered into an agreement to acquire 5% stake in JINHUI LIQUOR Co.,Ltd. from Shanghai Yuyuan Tourist Mart Co., Ltd. for CNY 598.8 million.

Jinan Tiesheng No.3 Investment Partnership (Limited Partnership) entered into an agreement to acquire 5% stake in JINHUI LIQUOR Co.,Ltd. (SHSE:603919) from Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. (SHSE:600655) for CNY 598.8 million on July 24, 2023. Board of Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. approved the transaction. As of August 21, 2023, the payment for the transaction is paid in three installments first 40% upfront CNY 239.53 million within 2 days of meeting equity transfer terms. Second 30% after shares transfer CNY 179.65 million within 2 days.

Final 30% CNY 179.65 million within 1 day after full rights fee.