New Silkroad Cultural Tourism (00472) announced that its board of directors has been notified by its controlling shareholder, Hualian International Properties Limited (Hualian International), and a subsidiary of Beijing Tongguan Yingxin Cultural Tourism Development Co., Ltd. (listed on the Shenzhen Stock Exchange, 000620.SZ) (Yingxin Development). On October 28, 2025, Hualian International entered into a sale agreement to sell 914 million shares of the company (representing approximately 28.50% of the issued share capital) to China Agricultural Products Co., Ltd. (China Agricultural Products) for a cash consideration of approximately HKD 149 million (equivalent to HKD 0.163 per share). The transaction is expected to be completed within 30 days from the signing date.

To the best of the directors' knowledge, information, and belief after making all reasonable inquiries, as of the announcement date, China Agricultural Products has not commenced operations and is wholly owned by Shouguang Vegetable Research and Development in the Field of Basic and Advanced Agriculture–L.L.C–O.P.C. China Agricultural Products and its ultimate beneficial owner are independent third parties unaffiliated with the company and its connected persons (as defined under the listing rules). There is also no prior business or other relationship between China Agricultural Products and Hualian International.

Upon completion of the transaction, Yingxin Development's indirect stake in the company through Hualian International will decrease from 1.757 billion shares (54.79% of the issued share capital) to 843 million shares (approximately 26.29% of the issued share capital). Meanwhile, China Agricultural Products will become the company's single largest shareholder, holding 914 million shares (approximately 28.50% of the issued share capital). The board expects that the transaction will not have any material adverse impact on the group's daily operations.