TU YI HLDG (01701) subsidiary plans to acquire 100% of the issued shares of K.K. Nichiko Kotsu for a total of 89.5 million Japanese yen.

TU YI HLDG (01701) announced that on February 3, 2026, the buyer, Shuzentaki Tei Co., Ltd. (a wholly-owned subsidiary of the Group), entered into a share purchase agreement with the seller (an independent third party). Under this agreement, the buyer agreed to acquire, and the seller agreed to sell, 100% of the issued shares of the target company for approximately 89.5 million Japanese yen, subject to price adjustments: 1) all payable taxes listed in the target company's books as of January 31, 2026, shall be borne by the seller, therefore, the above price should be adjusted downwards by the total amount of the payable taxes; and 2) all bank cash listed in the target company's books as of January 31, 2026, shall belong to the seller, therefore, the above price should be adjusted upwards by the total amount of that bank cash. Upon completion of the acquisition, the target company will become an indirect wholly-owned subsidiary of the Group, and the financial performance of the target company will be consolidated into the financial performance of the Group. The main business of the target company, Nichihiro Kotsu Co., Ltd., is to provide sightseeing bus transportation services. The main businesses of the Group include: (i) sales of outbound tour packages and local tours; (ii) sales of independent travel products; (iii) visa application services; (iv) duty-free shop business; and (v) hotel business. Entering into the share purchase agreement will allow the Group to enhance its sightseeing bus capacity to accommodate larger tour groups and improve customer experience.