NUR Holdings (00254) subsidiary plans to invest 35 million yuan to establish a joint venture company to expand into the fields of cultural tourism health, consumer goods, health products, and new energy.

NUR HOLDINGS (00254) announced that on October 27, 2025 (after trading hours), the company's indirect wholly-owned subsidiary, Century Creativity, entered into a joint venture agreement with Huahua Culture and Asia Pacific Finance and Investment. According to the agreement, the parties agreed to jointly establish a joint venture company to invest in projects in multiple sectors such as cultural tourism, health, consumer goods, health products, and new energy. The total registered capital of the joint venture company is 100 million RMB. Century Creativity, Huahua Culture, and Asia Pacific Finance and Investment will contribute 35 million RMB (35%), 45 million RMB (45%), and 20 million RMB (20%) respectively. The joint venture company will primarily focus on investing in projects in various sectors including cultural tourism, health, consumer goods, health products, and new energy. Upon establishment, the joint venture company will be accounted for as an associated company of the company. The group's management views diversification as a key strategy to reduce risks, leverage existing strengths, and expand the business scope, which is crucial to ensuring resilience during periods of global economic downturn. Despite the significant risks associated with entering new industries, the group has opted for a joint venture model to share risks and has collaborated with Huahua Culture, which has rich experience in cultural tourism and health, and Asia Pacific Finance and Investment, a professional investment and financing company. The group's management believes that the joint venture company will be able to enter the sectors of cultural tourism, health, consumer goods, health products, and new energy with lower investment and risks. Additionally, with the industry experience of their partners and their own strengths, the joint venture company is expected to quickly establish a market position and seize growth opportunities.