China Party Culture (01532) plans to sell 32% of the total registered capital of Zhejiang Yunyou Smart Cultural Tourism Group

Zhitong Finance App News, China Party Culture (01532) issued an announcement. On September 11, 2026 (after the transaction period), Party Culture, a wholly-owned subsidiary of the company, entered into a sales agreement with the buyer Zhejiang Lanlu Mountain Cultural Tourism Technology Co., Ltd., and the company agreed to buy and sell shares (accounting for 32% of the total registered capital of the target company Zhejiang Yunyou Smart Cultural Tourism Group). The total cost was RMB 500,000.

Immediately after completion, the Company will no longer hold any shares in the target company.

As of the date of this announcement, the target group did not bring in any significant revenue or financial contribution to the Group. After evaluating the Group's current business strategy and operating environment, the Board of Directors believes that retaining the target company is no longer in line with the Group's long-term operating direction. The sale provides the Group with a favorable opportunity to streamline its corporate structure and optimize operational efficiency.