According to Zhihui news: June 5, 2017，188bet online casino games Co., Ltd. (hereinafter referred to as securities abbreviation: 188bet online casino games，Stock code: 838006.OC) issued an announcement saying:The stock price of this issuance is RMB 16.80 188bet online casino games/share，Xiang PICC Asset-China UCAR Equity Investment Plan plans to issue 142.87 million shares，Proposed to raise approximately 2.4 billion 188bet online casino games。Among them，The trustee of the PICC Asset Equity Investment Plan is PICC Asset Management Co., Ltd.。

It is reported thatThis issuance aims to enhance the capital strength of UCAR，Pioneering the development of Shenzhou’s car buying and selling business，Strengthen UCAR’s market competitiveness，Introducing investors at the same time，To meet the development strategic needs of 188bet online casino games。According to UCAR’s announcement: Previously，The company completed its first non-public offering after listing on May 9, 2017，The total amount of funds raised is approximately 4.6 billion 188bet online casino games，All used for the development of Shenzhou Maimai Car business。Based on project investment estimate，Shenzhou Maimai Car Business in Vehicle Procurement、Store construction、A total investment of 12 billion 188bet online casino games is planned from 2016 to 2018 in marketing and employee recruitment projects。There is a large gap between the amount of funds raised by the company's previous non-public issuance and the capital needs for the construction of the above projects。Therefore，The company’s non-public issuance of shares will raise no more than 24.0021.6 billion 188bet online casino games，will continue to be used for the construction of Shenzhou Maimai Cars。

In addition,188bet online casino games on July 22, 2016，Officially listed on the New Third Board through market making transfer，And on May 30, 2017，Successfully entered the innovation layer by meeting the innovation layer admission standards (2) and standard (3)。Currently，The main products and services of UCAR include the private 188bet online casino games business in the travel segment (that is, providing consumers with online ride-hailing services based on the B2C model)、The 188bet online casino games buying business of the automobile e-commerce segment (i.e., the online and offline automobile e-commerce platform services) and the 188bet online casino games flash loan business of the automobile finance segment (i.e., one-stop automobile financial services)，And make full use of industry resource accumulation and synergy to further expand other businesses in the automotive industry chain。

According to UCAR’s 2016 financial report: revenue in 2016 was 58.4.5 billion 188bet online casino games，235 year-on-year increase.23%，Realized net profit-35.8 billion 188bet online casino games，Year-on-year growth of 3.85%。Among them，Private car service revenue achieved 50.5.8 billion 188bet online casino games，190 year-on-year increase.52%，And buy cars and other businesses to achieve income 7.8.7 billion 188bet online casino games，39250% year-on-year increase。Combined this time，Look at the stock issuance plan，Compared with traditional channels and existing e-commerce platforms，188bet online casino games Maimai Car benefits from the online users and traffic already formed by 188bet online casino games Maimai Car and the company's related parties, 188bet online casino games Car Rental、As well as offline suppliers and networks across the country，From various channels (including manufacturers、4S stores and importers, etc.) obtain vehicle sources through large-scale procurement，Through underwriting and consignment，Sell a variety of car models directly to end consumers through online diversion through offline stores and the Internet，And comprehensively covers automobile sales in the automobile sales industry chain、Supply chain、Automotive aftermarket and other aspects，Build 188bet online casino games’s largest online and offline automotive e-commerce platform。

The projects planned to invest in the funds raised this time include vehicle procurement (including new cars and nearly new cars)、Store construction、Marketing and employee recruitment, etc.。The project cost estimate for 2016-2018 is as follows:

In the above cost estimate，Assume that the average inventory turnover cycle is about two months，The corresponding vehicle cost investment from 2016 to 2018 totals about 8.8 billion 188bet online casino games、The total store cost investment is approximately 2.2 billion 188bet online casino games (including 1.2 billion 188bet online casino games in rent and other operating costs)、Personnel cost 1 billion 188bet online casino games)、Marketing investment of about 1 billion 188bet online casino games，Total investment 12 billion 188bet online casino games。

As of April 2017，188bet online casino games Cars has covered 122 cities，The number of stores is expected to reach 300-500 in the next three years，Basically covering all prefecture-level cities across the country。Future，Shenzhou Maimai Auto will adopt store layout、Marketing and improvement of economies of scale，Gradually improve profitability during operations，It is expected to reach a relatively ideal profit level in 2-3 years。

In addition，Also announced at the same time as the stock issuance plan: the board of directors of UCAR received the resignation reports submitted by Vice Chairman Li Hui and shareholder representative supervisor Xu Kaixin on June 5, 2017。

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