Tianfu Cultural Tourism announced that the company signed a “Supplementary Agreement on the Equity Transfer Agreement of Jiaxing Laihong Sports Culture Co., Ltd.” with Hongxiang Holding Group. According to the agreement, Hongxiang Holding Group will pay Tianfu Cultural Tourism the remaining equity transfer price of RMB 30.1216 million in four instalments, the first payment of RMB 1 million, the second instalment of 9.04 million yuan before February 28, 2027, the third instalment of 1.04 million yuan before February 29, 2028, and the fourth instalment before December 31, 2028. At the same time, Hongxiang Holding Group provides mortgage guarantees for some properties held by its two subsidiary companies.

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