Nanjing Business & Tourism Corp.,Ltd. (SHSE:600250) signed Letter of Intent to acquire Nanjing Huangpu Hotel Co., Ltd. from Nanjing Tourism Group Co.Ltd on May 24, 2024. Nanjing Business & Tourism Corp.,Ltd. (SHSE:600250) entered into an agreement to acquire Nanjing Huangpu Hotel Co., Ltd. from Nanjing Tourism Group Co.Ltd on May 24, 2024. The acquisition will be carried out by issuing shares and paying cash, and will include raising package funds.

The transaction has been approved by the board of Nanjing Business, As on June 7, 2024 the parties have entered into agreement.