NUR Holdings (00254) intends to acquire a stake in the cultural tourism sector of the Wumei District in Shenzhen.

NUR HOLDINGS(00254) announces that on October 27, 2025, its indirectly wholly-owned subsidiary, Shenzhen Century Chuanlian Resource Technology Service Co., Ltd. (Century Chuanlian), has entered into a non-legally binding memorandum of understanding with Mr. Han Zhi. According to the memorandum of understanding, the Group intends to acquire up to 25% equity interest in Shenzhen Wanmei Street Cultural Tourism Co., Ltd. (target company) from Mr. Han Zhi through Century Chuanlian, with a maximum consideration of HKD 42 million, to be paid through internal resources of the Group. The target company is primarily engaged in the operation of themed streets and parks in the fields of culture, sports, tourism, leisure, and entertainment. Currently, Mr. Han Zhi and Ms. Fan Xiaoling hold 70% and 30% equity respectively. The target company operates a comprehensive 3-story amusement park in Futian District, Shenzhen, covering an area of 7300 square meters, with various sports and entertainment facilities including but not limited to an indoor ice skating rink, a bowling alley, electronic gaming facilities, and cultural and recreational facilities. In the current environment of economic recovery, the target company's main business caters to market consumers' demands for cultural entertainment, service consumption, and youth-oriented social activities. Additionally, the target company is able to integrate manufacturers and service providers upstream and downstream to create a comprehensive entertainment and social leisure complex, gaining good market recognition and industry reputation. The Board of Directors believes that in the context of slowing economic growth, the consumer market, especially the consumption and entertainment market targeting young people and families, will be a relatively stable business sector, enabling the Group's operations to be more diversified.