On June 7th, Gelunhui reported that Nanjing Business & Tourism Corp., Ltd. (600250.SH) plans to purchase 100% equity of Huangpu Hotel held by the Travel Group and 49% of the equity of Nanjing Commercial Mansion held by NanShang, and to raise matching funds through the issuance of shares and payment of cash. As of the signing date of this plan (summary), the audit and evaluation work of the target company has not been completed, and the assessed value of the target assets and the transaction price have not been determined yet.

This transaction is a further layout of the company in the cultural and tourism field. After the completion of this transaction, the company's main business has not changed. As a high-end hotel, Huangpu Hotel provides comprehensive lodging, dining and conference services, while Nansha Operation focuses on department store retailing, providing customers with rich shopping experience. Through this transaction, the company will strengthen its deep integration in the cultural and tourism industry chain, enhance its overall competitiveness in the tourism market. The company will further improve its asset operation efficiency, promote its brand image, and accelerate the construction of a high-quality cultural and tourism comprehensive operation platform by utilizing the advantages of the listed platform. According to relevant regulations, after applying to the Shanghai Stock Exchange, the company's stocks will resume trading on June 11, 2024 (Tuesday).