<p>KWOON CHUNG BUS (00306.HK) announced that the company, together with its associate Chengdu Western Tourism Investment and potential buyer - Aba Dajiu Zhai Tourism and Tianfu Culture (000558.SZ), has signed a letter of intent to sell an 85.3% stake in the Bipenggou tourism development in Li County, in order to focus on developing its core business in Hong Kong. The company holds a 51% stake. The price will be further negotiated by the parties</p>

00306

<p>KWOON CHUNG BUS announced that the company, together with its joint venture Chengdu Western Tourism Investment and a potential buyer - Aba Dajiu Zhai Tourism and Tianfu Culture, has signed a letter of intent to sell 85.3% equity in the tourism development of Bipenggou in Li County, in order to focus on developing its core business in Hong Kong. The company holds a 51% stake. The price will be further negotiated by the parties</p>

KWOON CHUNG BUS Group potentially sells 51% of its subsidiary, Lixian Bipeng Tourism