Shanghai Research Institute of Building Sciences Group (603153.SH) plans to acquire 100% equity of the controlling shareholder's Shanghai Zi Group for 488 million yuan.

Shanghai Research Institute of Building Sciences Group (603153.SH) announced that the company plans to acquire 100% equity of Shanghai Investment Consulting Group Limited (referred to as "Shanghai Consulting Group") held by its controlling shareholder Shanghai Guosheng (Group) Co., Ltd. (referred to as "Shanghai Guosheng") with its own funds or self-raised funds. The transaction price is 488 million yuan (subject to the final evaluation value confirmed by the national asset supervision and administration department). Shanghai Consulting Group's business covers think tank research, evaluation and review, and consulting services. As the core business, consulting services include strategic decision consulting, fixed asset investment consulting, project construction consulting, operation management consulting, investment and financing consulting (including national bonds and special bonds), and digital consulting. This acquisition will help to leverage the business synergy of "extension, supplementation, and strengthening of the chain", further enhance the company's position and market share in the consulting field, realize the company's strategic planning, and cultivate the company into a first-class consulting service enterprise with international competitiveness.