Tangshan Culture & Tourism Investment Group Co., Ltd. agreed to acquire a 17.35% stake in Dasheng Times Cultural Investment Co., Ltd. (SHSE:600892) from Zhou Zhenke and Shenzhen Dacheng Asset Management Co., Ltd. for approximately CNY 710 million on December 22, 2023. Tangshan Culture will pay CNY 7.35 per share as consideration. The transaction has been approved by Tangshan Municipal State-owned Assets Supervision and Administration Commission.