Yuyuan Enter the tourism industry

Yuyuan Shopping Mall (600655) announcement, December 2, the company and Jiangxi Sanqingshan Tourism Group Co., Ltd. signed the transfer of shares agreement to 77.52 million yuan to buy Jiangxi Sanqingshan Tourism Group Co., Ltd. held a 16% stake in Jiangxi Wuyuan Tourism Company, a total of 30.1584 million shares. Yuyuan Shopping mall in the first three quarters of this year to achieve business income of 8.95 billion yuan, the main business involved in gold jewelry sales, catering, import and export trade, medicine, real estate and department stores, income and profit contribution is the largest gold jewelry and catering state.　　The acquisition of Wuyuan 16% stake in tourism, means that the company officially entered the tourism industry.　　Yuyuan said that the company is optimistic about the development prospects of China's tourism industry, has long been looking for investment opportunities for tourism industries. Jiangxi Sanqingshan Tourism Group Co., Ltd., Wuyuan County Tourism Development Co., Ltd. and Shangrao Yong Chun Tourism Investment Co., Ltd. are the shareholders of Jiangxi Wuyuan Tourism Company Limited, the current shareholding ratio is 54.83%, 27% and 18.17% respectively. Wuyuan Tourism 2009 years operating income of 108.2435 million yuan, net profit of 38.0736 million yuan according to the Asset appraisal report, Wuyuan travel December 31, 2009 book net worth of 194.8983 million yuan, according to the income method assessment, evaluation value of 486.4 million yuan, 16% The valuation value of the equity is 77.824 million yuan and the transaction price is 77.5208 million yuan.