Hebei Huichangxin Construction Engineering Co., Ltd. agreed to acquire remaining 83.33% stake in Hebei Quanyechang Hotel Management Co., Ltd. from Dasheng Times Cultural Investment Co., Ltd. (SHSE:600892) for CNY58 million on June 7, 2023. After the completion of this transaction, the company no longer holds equity in Hebei Quanyechang Hotel Management Co., Ltd. After the transfer, Hebei Huichangxin Construction Engineering Co., Ltd. will hold 100%. This transaction has been reviewed and approved at the 15th meeting of the Dasheng Times Cultural Investment Co., Ltd. (SHSE:600892) 1st Board of Directors.

It needs to be submitted to the Dasheng Times Cultural Investment Co., Ltd. (SHSE:600892) general meeting of shareholders for consideration. As of June 26, 2023 Dasheng Times Cultural Investment Co., Ltd. (SHSE:600892) shareholders approved the deal.