Dow Jones received a payment from EQS/DGAP to publish this press release.
EQS-News / 27/09/2017 / 22:24 UTC+8
*Fullshare Established Strategic Cooperation with Shanghai Joyu Culture
Communication To Co-develop the Tourism Market*
(27 September 2017 - Hong Kong) *Fullshare Holdings Limited* ("Fullshare
Holdings" or the "Company"; SEHK stock code: 607, together with its
subsidiaries, the "Group") is pleased to announce that on 27 September 2017,
the Group entered into a strategic cooperation agreement with Shanghai Joyu
Culture Communication Company Limited (??????????????) ("Shanghai Joyu
Culture Communication") to jointly develop and explore the cultural tourism
and vacation market.
The Group and Shanghai Joyu Culture Communication will leverage on the
respective financial and social resources to implement several tourism
planning segment cooperations. It is intended that the total investment will
be approximately RMB5 billion with an initial investment in a sum of RMB1
billion and the actual amount of the investment fund will be determined on
the basis of actual financing needs and the progress of each project. Both
parties shall jointly establish culture and tourism joint ventures with
partners from various provinces and core cities in China, invest in tourism
projects for expansion and establishment of new tourism projects, develop
intelligent tourism investment other tourism investment cooperation
projects.
Shanghai Joyu Culture Communication is a company incorporated in China,
whose businesses and subsidiaries include Joyu Destination Operation Group
(?????????), Lvmama Group (?????) and Joyu Tourism Intelligent Economic
Group (??????????). Shanghai Joyu Culture Communication has the capability
of operating tourism destinations. Meanwhile, it also accumulates a wealth
of internet channel resource and the capability of providing intelligent
services. It is capable in providing comprehensive services for tourism
destinations and sites covering planning, construction, operation,
management, advertising and sale services.
*Mr. Ji Changqun, Executive Director, Chairman and CEO of Fullshare Holdings
Limited *commented, "Fullshare is a conglomerate focusing on business
operation. Tourism segment is an important part of the group industry. The
Group will continue to integrate the resources including global quality
tourism, healthcare management and other resources to establish a win-win
collaboration between customers, partners and the Group. Shanghai Joyu
Culture Communication owns well-known tourism product intellectual property
("IP") in mainland China and its business development is in line with the
Group's. It is believed that the strategic cooperation provides an excellent
development platform and opportunity to expand tourism business of the
Group.
27/09/2017 Dissemination of a Financial Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
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(END) Dow Jones Newswires
September 27, 2017 10:24 ET (14:24 GMT)
