September 6, 2017，Hangzhou 188bet app download Song and Dance Troupe Co., Ltd. (hereinafter referred to as securities abbreviation: 188bet app download，Stock code: 833535.OC) issued an announcement saying，The company plans to use 2.No more than 3.6 million shares 188bet app download issued at a price of 80 yuan/share，The funds raised shall not exceed RMB 10.08 million。

For the purpose of this issuance of shares，188bet app download said: The funds raised this time are mainly used to purchase office space、Xianghu Performing Arts Industrial Park is under construction、Explore the Xinjiang performing arts market，Aimed to better support the company in expanding its business scale，Improve the company's overall competitiveness。

It is reported，Hangzhou 188bet app download Song and Dance Troupe Co., Ltd. was established in June 2004，And landed on the New Third Board in October 2015，Became the first professional literary and art group in the country to be listed on the New OTC Market。The latest report for the first half of 2017 shows: there are currently 100 working actors，6 affiliated cultural and performing arts enterprises。188bet app download has been committed to the "industrialization of performing arts" for many years，The development strategy of “industrial three-dimensionalization”，Accelerate the establishment of the Great Romance Platform。According to the 2017 semi-annual report，188bet app download achieved operating income of 757.840,000 yuan，73 year-on-year increase.58%，Net profit realized 78.720,000 yuan，Net profit increased by 45% year-on-year.83%，The main reason for the growth is the receipt of government subsidies66.340,000 yuan。188bet app download’s profitable business mainly includes government cultural procurement、Commercial performance、Three types of cultural and tourism performances，As well as the overall planning and creation of performing arts projects and the development, production and distribution of film and television products, the planning and execution of two types of cultural activities。

54.56% of the raised funds 188bet app download used to purchase office space，To adjust the proportion of assets

Funds raised this time，188bet app download plans to spend 5.5 million yuan，Accounting for 54% of the funds raised this time.56%，will be used to purchase office space。188bet app download said: To show the company’s image、Scale and hard power，Purchasing office properties in strategically located areas can promote business development。

188bet app download currently mainly operates on a light-asset operating model，First half of 2017 report shows，188bet app download Assets is 1955.700,000 yuan，17 year-on-year decrease.47%。To this，The 188bet app download believes: Purchase appropriately for your own use、Fixed assets that maintain and increase their value can appropriately increase the proportion of the company's non-current assets，Adjust the proportion of assets，Enhance the stability of the company’s assets。

At the same time，According to Zhihui’s understanding，The office space that 188bet app download intends to purchase this time is located in Qianjiang New Town, Hangzhou，1km from Hangzhou Municipal Government，Is the urban development center of Hangzhou、The economic development center of Greater Hangzhou、The core area of ​​the "Yangjiang Development" strategy、High-quality human resources concentration area。

27.28% of the raised funds will be used for the investment and construction of Xianghu 188bet app download Town in Hangzhou，Received the support of 30% total tax refund policy

August 2, 2017，188bet app download issued an announcement stating that the company recently signed a project cooperation agreement on the "Hangzhou Xianghu Performing Arts Town (Xianghu Performing Arts Industrial Park)" with the Xiaoshan Xianghu Tourist Resort Management Committee (Wenyan Subdistrict Office), Hangzhou City, Zhejiang Province matters。The company is the construction and operator of this project，With "Based on Hangzhou，Leading Zhejiang，Building "the first performing arts town in China" with the concept of "radiating the whole country"。

As understood，Currently, Hangzhou Xianghu Performing Arts Town has leased nearly 40 acres of old industrial plants as the operation site of the project，Xinqi Culture, a holding subsidiary of 188bet app download, serves as the developer and operator of the "Hangzhou Xianghu Performing Arts Town (Xianghu Performing Arts Industrial Park)" project。July 28, 2017，188bet app download issued an announcement saying: In order to expand the company’s performing arts business nationwide，Established Hangzhou Xinqi Cultural Industry Development Co., Ltd. with foreign investment。This foreign investment involves entering a new field: the development and operation management of performing arts industrial parks。

It is planned to use 2.75 million yuan of this private capital increase，About 27.28% is used for the reconstruction of old industrial plants and the greening of public areas，And early planning、Design。188bet app download believes that the implementation of this project will help leverage the company’s advantages in the cultural and performing arts industry，At the same time, enhance the influence of the performing arts industry in Hangzhou，Become a new strategy and new growth point for the company’s future development。

Also，The Xiaoshan District and Xianghu Management Committee 188bet app download provide policy support for this project: for example, park enterprises 188bet app download implement a refund of 30% of the total tax paid in accordance with Xiaoshan District’s cultural and creative policies for the park；Enterprises in the park who introduce foreign talents 188bet app download enjoy housing purchase subsidies、Children enrolling in school、Preferential policies for professional title evaluation。

18.15% of the funds raised will be used to develop the Xinjiang 188bet app download market，A tax refund subsidy of 15%-45% will be given

Funds raised this time，188bet app download plans to spend 1.83 million yuan，Accounting for 18% of the funds raised this time.15%，will be used to develop Xinjiang performing arts market，Mainly used for preliminary business development funds and payment of employee wages。

According to Zhihui’s understanding，July 17, 2017，188bet app download issued an announcement stating that it will expand the company’s performing arts business nationwide，Further enhance the company’s sustainable profitability，The company invested externally to establish Horgos 188bet app download Culture and Performing Arts Co., Ltd.。Currently，More than 30 cultural and creative enterprises have appeared in the entire Horgos area，Many of them have business dealings with 188bet app download，The group development of each company、Resource integration has a greater role in promoting new youths to expand their business in the northwest。

Similarly, this investment 188bet app download affected by policies.The local government of Horgos encourages the registration of 188bet app download enterprises，In terms of corporate value-added tax, a tax refund subsidy of 15%-45% 188bet app download provided，In terms of personal income tax, no more than 90% of the local retained portion 188bet app download refunded。The above preferential policies can reduce the tax burden of newly established companies to a certain extent，At the same time, it also provides major benefits for the company to introduce talents。

Overall view，This time the 188bet app download’s private placement has been greatly affected by the policy level，Especially at the regional tax policy level, there are many incentives。But at the same time，188bet app download’s revenue increased by 318% year-on-year in 2016 and the first half of 2017.77% and 73.58%，It can be seen that the new young people have good growth potential at the business level。