Learned from Shenzhen Stock Exchange，Xinur Men's Clothing Co., Ltd. issued an announcement on the acquisition of 100% equity of Shangri-La Renhua Real Estate Co., Ltd. and 90% equity of Xi'an Tiannan Cultural 188bet mobile login Development Co., Ltd.。

Big deal！1.400 million acquisition of Renhua Real Estate and Xi'an Tiannan Cultural 188bet mobile login

Announcement display，March 12, 2018，Xinur, Li Chunhua and Wu Yuming signed the "Equity Acquisition Agreement" regarding the acquisition of 100% equity of Shangri-La Renhua Real Estate Co., Ltd. (hereinafter referred to as "Renhua Real Estate")，Based on the financial statements of Renhua Real Estate on December 31, 2017，The net assets of Renhua Real Estate as of December 31, 2017 were RMB 46,727,592.75 188bet mobile login，Both parties determined that the equity transfer consideration under this agreement is RMB 50,000,000.00 188bet mobile login。

March 12, 2018，Xinur and Guangzhou Tiannan Cultural 188bet mobile login Co., Ltd. (hereinafter referred to as "Guangzhou Tiannan Cultural 188bet mobile login") signed an agreement to acquire 90% of Xi'an Tiannan Cultural 188bet mobile login Development Co., Ltd. (hereinafter referred to as "Xi'an Tiannan Cultural 188bet mobile login") Equity Acquisition Agreement，According to Xi’an Tiannan Cultural 188bet mobile login’s financial statements on February 28, 2018，The net assets of Xi’an Tiannan Cultural 188bet mobile login on February 28, 2018 was RMB 99,629,812.50 yuan，Both parties determined that the consideration for the transfer of 90% equity of Xi'an Tiannan Cultural 188bet mobile login is RMB 90,000,000 yuan。

The main businesses of the two companies acquired by Shinur are related to real estate。Renhua Real Estate was established in Yunnan on December 11, 2014，Registered capital 50 million yuan，The legal representative is Huang Yuguang，Mainly engaged in real estate related business。Xi’an Tiannan Cultural 188bet mobile login was established in March 2017，Registered capital 100 million yuan，The legal representative is Song Yu，The company’s business includes the development and operation management of 188bet mobile login projects，Real estate development、Sales，Real estate agency services, etc.。

Laying out the 188bet mobile login industry and becoming a professional tourist town operator

Data display，The main asset held by Renhua Real Estate is the Dukezong Cultural 188bet mobile login Town project under construction，is a key cultural 188bet mobile login project in Diqing Prefecture and Shangri-La City, Yunnan Province，It is also the largest investment project since the founding of Shangri-La，Total building area 51,913.09 square meters，Included by the state government into the key construction project for the 60th anniversary of the state。Zhiyang Cultural 188bet mobile login Town Project owned by Xi'an Tiannan Cultural 188bet mobile login，It will be built into the Phoenix Pond Ecological Valley area between the starting area and core area of ​​Lintong International 188bet mobile login Resort、Function compound、A fully equipped and high-quality cultural 188bet mobile login resort complex，Business business includes: performing arts、Indoor Entertainment、Banquet、Business、Hotels, inns, etc.。

Shinur said，The company will increase the company's sustainable development capabilities and profitability by increasing cultural 188bet mobile login business，The development and operation of 188bet mobile login project requires a long time of business integration and service improvement，Project brand awareness and market reputation have a very important impact on the company's operation and management，The merger and acquisition of mature 188bet mobile login projects is conducive to the integration of existing 188bet mobile login resources and business factors，It is a more efficient way for the company to quickly enter the 188bet mobile login, leisure and vacation industry，This acquisition will help accelerate the layout of the company’s 188bet mobile login business，In line with the company’s long-term strategic development。This time, through the acquisition of 100% equity of Renhua Real Estate and 90% equity of Xi'an Tiannan Cultural 188bet mobile login，Obtained Shangri-La Dukezong Cultural 188bet mobile login Town Project and Xi'an Zhiyang Cultural 188bet mobile login Town Project，Is an important measure for the company to implement the cultural 188bet mobile login industry strategy。

Meanwhile，Shinur will actively develop scarce 188bet mobile login resources across the country，Investment and construction of high-quality tourist town project，Become a professional tourist town operator，Conduct travel agency business at the same time，Form a business model that integrates 188bet mobile login towns + travel agencies + global 188bet mobile login，Through the operation of tourist towns、Upgrade of consumption，Realize the continuous appreciation of the 188bet mobile login town assets held by the company，On the premise of maintaining the company’s clothing sales business，Develop new performance growth points for the company。

Cedar Culture and 188bet mobile login has become the helmsman，Transferred 100% equity of Plannio Men's Wear last year

Data display，September 2017，The controlling shareholder of Shinur was changed from Groom Shinur Group to Guangzhou Cedar Culture and 188bet mobile login Investment Co., Ltd. (hereinafter referred to as "Cedar Culture and 188bet mobile login")，The actual controller was changed from Wang Guibo to Zhang Jin。November last year，The board of directors of Shinur reviewed and approved the "Proposal on the External Transfer of Equity Interests in Wholly-Owned Subsidiaries and Related Transactions"，Number 6.Transfer 100% equity of Plannio Men's Wear to the original controlling shareholder Groom Shinur Group for RMB 8.6 billion，Estimated impact on net profit 4059.890,000 yuan。

Pranio Men's Wear was established in October 2017，No revenue generated，Sinur plans to acquire assets related to clothing production、All liabilities and employees are transferred to the company free of charge。

Shinur was established in December 2003，The company is located in Weifang，Registered capital 3.200 million 188bet mobile login，It is a centralized high-end suit store、Design of shirts and apparel products、An enterprise integrating production and sales。According to 2017 performance report，Shinur achieved revenue of 77 during the reporting period,482.550,000 188bet mobile login，69 compared with the same period last year,607.590,000 188bet mobile login increased by 11.31%，Net profit attributable to shareholders of listed companies3,529.760,000 188bet mobile login，746 compared with the same period last year.860,000 188bet mobile login increased by 372.61%。The main reason for the performance growth is the company’s transfer of 100% equity of the original wholly-owned subsidiary Zhucheng Planniao Men’s Clothing Co., Ltd. and the sale of its own stores。

*this文来Source: Luwang, Author:Zhang Mingfang,OriginalTitle:《Enter the characteristic town industry，Sinur1.400 million yuan acquisition of cultural 188bet mobile login assets》.