倘潜在出售事项落实，集团可透过出售销售股权，释放于内地非核心业务的投资价值，从而专注于发展 香港的核心业务，把资源投放于更具成长潜力的领域。集团将持续积极优化其资产及业务，务求提升集 团在香港运输业的整体竞争力，为股东创造更多价值。董事会认为意向协议条款属公平合理，而潜在出 售事项亦符合公司及公司股东整体利益。 冠忠巴士集团(00306)公布，于2025年12月5日，公司间接全资附属公司冠忠(重庆)旅游开发有限公司(卖 方一)及公司间接联营公司成都西部旅游投资控股(集团)股份有限公司(卖方二)与阿坝大九寨旅游集团有 限责任公司(买方一)及成都新天府文化旅游发展股份有限公司(买方二)与目标公司理县毕棚沟旅游开发 有限公司就潜在出售事项订立不具法律约束力的股权交易意向协议。根据意向协议，卖方拟向买方出售 目标公司85.3%的股权，目标公司主要从事毕棚沟景区旅游相关业务。 ...

Core Viewpoint - Tianfu Culture and Tourism (000558.SZ) is aggressively pursuing a transformation in the film and tourism sectors despite facing significant losses, as evidenced by its recent acquisition activities and strategic partnerships [2][3]. Acquisition and Strategic Moves - Tianfu Culture and Tourism plans to jointly acquire a 51% stake in Bipenggou Tourism Development Co., Ltd. with Aba Dajiujiu Tourism Group, marking a significant step in its expansion strategy [2][3]. - The acquisition of Bipenggou, a popular scenic area, is seen as a strategic move to integrate core tourism resources in Sichuan and test the viability of the "film-tourism integration" model [2][6]. Financial Performance - Despite a 69.32% year-on-year increase in revenue to 226 million yuan in the first three quarters of 2025, Tianfu Culture and Tourism reported a net loss of 18.44 million yuan, indicating a significant decline in profitability [15]. - The company's cash flow from operating activities was negative 358 million yuan, a drastic decrease of 945.56% year-on-year, highlighting ongoing financial challenges [15][16]. Market Position and Future Outlook - The acquisition aligns with the company's strategy to enhance its market position and operational efficiency in the evolving tourism landscape, particularly in the post-real estate era [18]. - The partnership with local state-owned enterprises aims to leverage regional tourism resources and create a comprehensive film and tourism ecosystem, potentially increasing cash flow and operational viability [7][13].