[ET Net News Agency, 28 September 2017] Fullshare (00607) said it entered into a
strategic cooperation agreement with Shanghai Joyu Culture Communication Company Limited
in relation to the proposed strategic cooperation to jointly develop and explore the
cultural tourism and vacation market.
The scope of the strategic cooperation includes but is not limited to joint acquisition
of offline tourism companies, establishment of culture and tourism joint ventures with
partners from various provinces and core cities in the PRC, joint investment in tourism
projects for expansion and establishment of new tourism projects, joint investment in
intelligent toursim and other tourism investment cooperation recognized by the parties. It
is intended that the total investment for the purpose of the strategic cooperation will be
about Rmb5,000 million with an initial investment in a sum of Rmb1,000 million.
The partner is a company incorporated in the People's Republic of China, whose
businesses and subsidiaries include Joyu Destination Operation Group, Lvmama Group and
Joyu Tourism Intelligent Economic Group. (HL)