LVJI TECH (01745) subsidiary successfully won the bid for the bad debt of Ningxia Shuidonggou and other three enterprises held by Zhongan Financial, with a price of approximately 44.8 million yuan.

LVJI TECH (01745) announced that its wholly-owned subsidiary LVJI TECH Group Co., Ltd. received a bid result notification from the Anhui Provincial Equity Exchange Center on December 19, 2024. It was informed that on December 17, 2024, the subsidiary successfully won the bid for the non-performing debts of three enterprises, including Ningxia Shuidonggou held by Zhong An Financial, through the Anhui Provincial Equity Exchange Center for a price of approximately 44.8 million RMB. The Board of Directors believes that the acquisition is beneficial to the group as it can expand the group's comprehensive management and operation business of scenic spots, and also improve the conversion rate of the group's online electronic guide service in the Northwestern region of China. The Board of Directors believes that the terms of the acquisition are fair and reasonable, and are in line with the overall interests of the company and its shareholders.