Tianjin UTour Xinyouyou No. 2 Enterprise Management Consulting Partnership (Limited Partnership), Tianjin UTour Youyou No. 1 Enterprise Management Consulting Partnership (Limited Partnership), Tianjin UTour Youzai No. 1 Enterprise Management Consulting Partnership (Limited Partnership) and Tianjin UTour Youzai No. 2 Enterprise Management Consulting Partnership (Limited Partnership) agreed to acquire 70% stake in Beijing UTour Youyou International Travel Agency Co., Ltd. from UTour Group Co., Ltd. (SZSE:002707) for CNY 19.6 million on January 17, 2020. The buyers will acquire 17.5% each in Beijing UTour Youyou. The transaction has been approved by Board of Directors of UTour Group at the 28th meeting of the 4th directorate. The transaction is subject to the shareholders’ approval of UTour Group.
UTour Group Co., Ltd., formerly Beijing UTour International Travel Service Co., Ltd., is a China-based company principally engaged in the provision of tourism products and related services. The Company is mainly engaged in the provision of outbound travel services. The Company's outbound travel products include ferry tours, customized tours, self-guided tours, semi-independent tours and overseas destination fragmentation products, among others. The Company is also involved in the provision of outbound services, such as study tour, immigration, personal currency exchange, agency shopping tax rebates, travel consumer credit and supply chain finance. The Company operates its business in domestic and overseas market.
UTOUR GROUP CO., LTD. 
