Henan Yuzi Affordable Housing Management and Operation Co., Ltd. agreed to acquire Shanghai Palm-Unity Commercial Operation Management Co., Ltd. and Haikou Palm Commercial Operation Management Co., Ltd. from Palm Eco-Town Development Co., Ltd (SZSE:002431) for CNY 53.4 million on June 7, 2024. A cash consideration of CNY 53.36 million will be paid by Henan Yuzi Affordable Housing Management and Operation Co., Ltd. The transaction is subject to approval of offer by Palm Eco-Town Development's shareholders. The deal has been approved by the board of Palm Eco-Town Development.