Shanghai Yuyuan Tourist Mart (600655.SH) plans to transfer 100% equity and debt of Ningbo Xingjian for 150 million yuan.

Shanghai Yuyuan Tourist Mart (600655.SH) announced that the company and its subsidiaries intend to transfer its 100% equity of Ningbo Xingjian Asset Management Co., Ltd. ("Ningbo Xingjian") and its creditor's rights as of November 20, 2025 to Ningbo Plastic Co., Ltd. ("Ningbo Plastic") for a total consideration of 150 million yuan. After the completion of this transaction, the company will no longer hold equity in Ningbo Xingjian and Ningbo Xingjian will no longer be included in the company's consolidated financial statements. The company follows the top strategy of "Oriental Aesthetic Life", continuously streamlines and focuses on resources, concentrates on investing in core industries with high potential, high growth, high profit, and high synergy to gradually form a business competitiveness led by cultural confidence, catering to global family consumer demands, and creating an industry cluster with unique competitive advantages. This transaction is a normal business operation of the company, beneficial for the company to focus on its main business, revitalize existing assets, and accelerate fund inflow. The terms of the transaction are based on normal commercial terms, fair and reasonable, and align with the interests of the company and all shareholders.