March 8，Zhonghong Co., Ltd. (stock code: 000979) announced，The construction of the Ruyi Island project developed by the subsidiary Hainan Ruyi Island Tourism and Resort Investment Co., Ltd. has been suspended recently。Company representation，Ruyi Island project construction suspended due to "double suspension"，No actual losses have been caused to Ruyidao Company，Does 188bet app not have a significant impact on the company’s production and operations。

Announcement display，To cooperate with the implementation of environmental protection work in Hainan Province，Haikou City has implemented a "double suspension" (suspension of construction) on all sea reclamation projects within its jurisdiction.、Suspended)，The Ruyi Island project is also among them。Company representation，Ruyi Island Project 1、Second phase procedures are complete，Estimated to be approved by the end of March 2018 or later，Resumption of construction。

As ​​understood，The completed sea areas of the 14 reclamation projects in the first phase of the Ruyi Island project have all obtained approval for use and acceptance from the Haikou City Ocean and Fisheries Bureau，We are currently applying for the relevant procedures to replace sea area use rights with land use rights。Six reclamation projects in the second phase of the project are applying for acceptance of completed 188bet app sea area use，After acceptance is completed，The relevant procedures for applying for the replacement of sea area use rights into land use rights will also be completed。

Data display，Zhonghong Co., Ltd. owns 100% of the Ruyi Island project，The total planned investment amount of this project is 12.9 billion yuan，The actual amount invested as of the end of 2017 is 44.900 million yuan。As of September 30, 2017 (unaudited)，The total assets of Ruyi Island Project Company are 56.8.2 billion yuan，Accounting for 17% of the audited total assets of Zhonghong Co., Ltd. at the end of 2016.08%，Net worth is 4.7.6 billion yuan，Accounting for 4% of the audited net assets of Zhonghong Co., Ltd. at the end of 2016.66%。