Gelonghui reported on December 20 that LVJI TECH (01745.HK) announced that its wholly-owned subsidiary, LVJI TECH Group Co., Ltd., received a notification of the bidding results from the Anhui Provincial Property Trading Center on December 19, 2024, informing that it successfully won the bid for the non-performing assets held by Zhong'an Financial for approximately 44.8 million yuan through the Anhui Provincial Property Trading Center on December 17, 2024, including three companies such as Ningxia Shui Dong Gou.
The Board of Directors believes that the acquisition is beneficial to the group as it can expand the group's comprehensive management operation business of scenic spots and also improve the conversion rate of the group's online electronic guided tour business in Northwest China. The Board of Directors considers that the terms of the acquisition are fair and reasonable and are in the overall interests of the company and its Shareholders.
