Impression Dahongpao Co., Ltd. (2695) released an announcement regarding a proposed acquisition of certain fixed assets from Fujian Spring Restaurant Management Co., Ltd., an independent third party. The wholly-owned subsidiary Mount Wuyi Impression Dahongpao Cultural Tourism Co., Ltd. intends to acquire decoration assets and related facilities and equipment of Impression Tianjie (Impression Jianzhou), located at the Dahongpao Experience Center within the Tea Expo Park in Wuyishan City, Fujian Province.

According to a valuation by Fujian Wuyi Assets Appraisal Real Estate Land Appraisal Co., Ltd., the transaction subject has been valued at RMB13,125,856. The acquisition would be carried out on a voluntary, fair, and reasonable basis, taking into account the independent valuation and the condition of the assets. Impression Dahongpao Co., Ltd. aims to optimize its resource allocation by repurchasing these assets after terminating a previous cooperation agreement with the vendor, seeking to ensure the independence and completeness of its new project.

If concluded, the transaction may constitute a notifiable transaction under Chapter 14 of the Listing Rules. The announcement notes that no legally binding agreement has been signed as of the date of its publication, and completion of the potential acquisition remains uncertain. Shareholders and potential investors are urged to exercise caution when dealing in the company’s securities.