Xinhualian International, the controlling shareholder of New Silk Road Cultural Tourism (00472), sold about 28.50% of the company's shares to Chinese agricultural products

Zhitong Finance App News, New Silk Road Cultural Tourism (00472) issued an announcement. The board of directors of the company was notified by Xinhualian International Land Co., Ltd. (the controlling shareholder of the Company) and Beijing Tongguan Yingxin Cultural Tourism Development Co., Ltd. (a subsidiary company listed on the Shenzhen Stock Exchange, 000620.SZ) (Yingxin Development). On October 28, 2025, Xinhualian International signed an agreement (sales agreement) to share Chinese agricultural products at a cash cost of about HK$0.163 per share Co., Ltd. (China Agricultural Products) sold 914 million shares (shares) of the Company (sale matters), accounting for approximately 28.50% of the Company's issued share capital. The sale is expected to be completed within 30 days from the date the sale agreement is signed.

As to the directors' knowledge, knowledge and belief after making all reasonable inquiries, China's agricultural products had not yet commenced operation on the date of this announcement, and was wholly owned by Shouguang Vegetable Research and Development in the Field of Basic and Advanced Agriculture—L.L.C-O.P.C. The ultimate beneficial owner of agricultural products in China is a third party independent of the Company and its related parties (as defined in the Listing Rules). There is also no past business or other relationship between China Agricultural Products and Xinhualian International.

After completing the sale, Yingxin Development's shareholding interest in the Company through Xinhualian International will be reduced from 1,757 million shares (54.79% of the Company's issued share capital) to 843 million shares (accounting for about 26.29% of the Company's issued share capital), while China Agricultural Products will become the single largest shareholder of the Company, holding 914 million shares, accounting for about 28.50% of the Company's issued share capital.

The Board anticipates that the sale will not have any significant adverse impact on the Group's day-to-day operations.