LiJiang YuLong Tourism Co., LTD. (SZSE:002033) signed the investment amount transfer agreement to acquire remaining 16.07% stake in Lijiang Longyue Restaurant Management Co., Ltd. from Lijiang Yulong Snow Mountain Tourism Development Co., Ltd. for CNY 19.6 million on September 10, 2015. After the acquisition, Lijiang Longyue Restaurant Management will become a wholly-owned subsidiary of LiJiang YuLong Tourism. Lijiang Longyue Restaurant Management reported net loss of CNY 0.39 million, total assets of CNY 121.19 million and net asset of CNY 121.19 million as of December 31, 2014.

The deal was approved by the Board of Directors of LiJiang YuLong Tourism on September 10, 2015.