Guanzhong Bus Group (00306) subsidiary and associated companies plan to sell a total of 85.3% shares in Lixian Bipenggou Tourism Development Co., Ltd.

Zhitong Finance App News, Guanzhong Bus Group (00306) announced that on December 5, 2025, Guanzhong (Chongqing) Tourism Development Co., Ltd. (seller 1), an indirect wholly owned subsidiary of the company, and Chengdu Western Tourism Investment Holdings (Group) Co., Ltd. (seller 2), Aba Dajiuzhai Tourism Group Co., Ltd. (buyer 1) and Chengdu Xintianfu Cultural Tourism Development Co., Ltd. signed a non-legally binding equity transaction agreement with the target company Lixian Bipenggou Tourism Development Co., Ltd. (buyer 2) on the potential sale. According to the agreement of intent, the seller plans to sell 85.3% of the target company's shares to the buyer. The target company is mainly engaged in tourism related business in the Bipenggou Scenic Area.

If the potential sale is implemented, the Group can release investment value in non-core businesses in the Mainland through the sale of shares, thereby focusing on developing the core business in Hong Kong and investing resources in areas with more potential for growth. The Group will continue to actively optimize its assets and business to enhance the Group's overall competitiveness in Hong Kong's transportation industry and create more value for shareholders. The board of directors believes that the terms of the intent agreement are fair and reasonable, and that the potential sale also conforms to the overall interests of the company and the company's shareholders.