Shangyuan Tourism (600576.SH) subsidiary plans to acquire 100% equity of Jinxiu Lianhua Mountain Scenic Area Development Co., Ltd. for 345 million yuan.

Intelligent Financial News App, Xiangyuan Tourism (600576.SH) announced that, in order to further expand the layout of core tourist destination resources, enrich the content and product formats of tourist destinations, strengthen the linkage of leisure and vacation destination resources in southern Hunan and northern Guangdong, continuously optimize the company's asset structure and enhance the company's profitability, and promote the high-quality development of the company, the company intends to acquire 100% equity of Jinxiu Lianhua Mountain Resort Development Co., Ltd. held by Zhongjingxin through its wholly-owned subsidiary Xiangyuan Kunpeng. The transaction consideration for this transaction is 345 million yuan (including a provisional payment of 2.9 billion yuan for the equity transfer price to be paid in the form of assuming debt, actually calculated up to the delivery date). After the completion of this transaction, Xiangyuan Kunpeng will hold 100% equity of the target company.