deuceswildcasino| Langyuan Shares (300175.SZ): Plans to sell Youshi Joint Assets to Yuchang Industrial for RMB 85 million

Gelonghui May 15 丨 Langyuan Shares (300175deuceswildcasino.SZ) announceddeuceswildcasinoIn order to eliminate non-standard audit opinions on the company's financial report, withdraw funds, and focus on the processing business of agricultural and sideline products, the company plans to cooperate with Xinjiang Shanglong Equity Investment Management Co., Ltd. Shanghai Yu Changyi Industrial Co., Ltd.(referred to as "Xinjiang Shanglong"), the designated entity of Shanghai Yu Changyi Industrial Co., Ltd.(referred to as "Yu Chang Industrial"), signed the "Asset Sale Agreement on Guangdong Youshi United Holding Group Co., Ltd." to sell the assets of Guangdong Youshi United Holding Group Co., Ltd.(referred to as "Youshi United") to Yu Chang Industrial at a transaction consideration of RMB 85 million. After the completion of this transaction, Youshi United will no longer be included in the scope of the company's consolidated statements.

The assets of Youshi United sold this time include the company's 74.63% stake in Youshi United (Corresponding to a registered capital of 133.9 million yuan), The principal and interest receivable of the loan creditor's rights of the company to Youshi United, as well as the creditor's rights of all performance compensation formed by the company in accordance with the "Agreement on the Transfer of Shares of Guangdong Youshi United Holding Group Co., Ltd."(signed on December 4, 2018) and its various supplementary agreements.