Tianyu Group: Intends to acquire 87.8173% equity of Shanghai Xingke for 334 million yuan.

Sina Finance News on March 30th, Tianyu shares announced that the company plans to pay 334 million yuan in cash to acquire 87.8173% equity of Shanghai Xingke. One of the parties to this transaction, Mr. Tu Yongjun, is a major shareholder of the company, constituting a related party transaction. This transaction does not constitute a major asset restructuring or a restructuring for listing. The funds for the transaction come from the company's own funds and funds raised through bank mergers and acquisitions loans. After the transaction is completed, Shanghai Xingke will become a subsidiary of the company.