Caissa Tosun Development Co., Ltd. (SZSE:000796) intends to issue A shares to exchange shares to absorb and acquire UTour Group Co., Ltd. (SZSE:002707) for CNY 6.1 billion on June 28, 2021. Under the terms, exchange ration is 0.7716. After the completion of the merger and acquisition of the share swap, UTour Group Co., Ltd. will terminate its listing and cancel its legal personality.

Transaction is subject to approval from Board and shareholders of Caissa Tosun and UTour Group, approval from China Securities Regulatory Commission and approval from anti monopoly authority.