Y.U.D. Yangtze River Investment Industry (600119.SH) intends to acquire 51% equity of the joint venture with 22.185 million yuan.

Y.U.D. Yangtze River Investment Industry (600119.SH) announced that the company plans to acquire 51% equity of Hhe Enterprise Development (Shanghai) Co., Ltd. (referred to as "Hhe Company") held by its indirectly controlled shareholder Yangtze Investment (Shanghai) Co., Ltd. (referred to as "Yangtze Investment Company") in cash, with a transaction amount of 22.185 million yuan. The company's acquisition of Hhe Company this time aims to meet the comprehensive needs of Y.U.D. Yangtze River Investment Industry to integrate into the Yangtze River Delta integration demonstration zone, achieve business synergy, and enhance risk resistance capabilities. Hhe Company is deeply engaged in the core area of the demonstration zone and is one of the core operators of the park. It has a natural upstream and downstream synergy relationship with Yangtze Investment Company in park development, industrial cultivation, and other areas. Through this equity acquisition, Y.U.D. Yangtze River Investment Industry can obtain a business platform in the Yangtze River Delta region, enter the core race track of park services, transform strategic planning into tangible business, and leverage the park operation capabilities and local service experience of Hhe Company to meet the supporting service needs of the park under Yangtze Investment Company.