Hong Kong—Kwoon Chung Bus Holdings Limited has finalized the divestment of a 34.3 % interest in two newly split tourism subsidiaries for RMB225.17 million while cancelling a previously proposed sale of its remaining 51.0 % controlling stake.

The group separated Lixian Bipenggou Tourism Development Co., Ltd. into two entities—Target Company One and Target Company Two—before executing two equity transfer agreements on 8 September 2026. Vendor Two sold its entire 34.3 % holdings to Chengdu Xintianfu Cultural Tourism Development Co., Ltd. (Target Company One) and Chengdu Xiling Snow Hill Tourism Development Co., Ltd. (Target Company Two), both independent third parties.

All closing conditions have been met, and share-register changes have been completed, reducing the group’s effective interest in each subsidiary from 67.8 % to 51.0 %. Because Vendor One retains the majority stake, both entities remain consolidated subsidiaries.

Separately, Purchaser One’s application to acquire Vendor One’s 51.0 % stake was rejected by its supervising authority, terminating the planned disposal. The board stated that this termination will not materially affect the group’s current operations or financial position.

As of 31 March 2026, the combined net asset value of the two tourism units stood at HK$305.99 million (approximately RMB269.47 million). Kwoon Chung Bus will issue further announcements if any new disposal plans arise. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.