To invest 287.Luoniushan, a listed company with 800 million 188bet game to build an international horse racing entertainment and cultural town in Hainan, received an inquiry letter from the Shenzhen Stock Exchange。

May 9, noon，mentioned in the inquiry letter issued by Shenzhen Stock Exchange to Luoniushan，The total investment of this 188bet game is about 287.800 million yuan，Planned to start construction in 2018，Built in 2020。Danluoniushan’s first quarter report of 2018 shows，As of March 31st，The company’s total assets are only 64.8.1 billion yuan，Net worth 39.7.8 billion yuan，Currency Fund 5.900 million yuan，And there are important projects under construction that require subsequent investment，Request Luoniushan to explain in detail the source of funds for the large investment in the 188bet game and the feasibility of completing the 188bet game within 3 years。

May 8, noon，Luoniushan announcement，The "Hainan International Horse Racing Entertainment and Culture Town" 188bet game of Luoniushan International Equestrian Club Co., Ltd., a wholly-owned subsidiary of the company, has obtained the "Hainan Province Enterprise Investment 188bet game Registration Certificate"。

Shenzhen Stock Exchange requires Luoniushan to combine the time when the 188bet game obtained government registration and the time when the company specifically learned or should have known the relevant registration certificate，Indicate whether the company’s disclosure of the registration certificate for the 188bet game was timely。

The chairman of Luoniushan is named Xu Zili，Data display，Xu Zili was born in 1966，Graduate degree，Senior Engineer。Formerly served as deputy director of Hubei Huangshi Mining Bureau Machinery Factory、General Manager of Haikou Yongsheng Animal Husbandry Machinery Engineering Co., Ltd.、Chairman of Tianjin Baodi Agricultural Technology Co., Ltd.；Served as a member 188bet game Standing Committee 188bet game 13th CPPCC Haikou City, etc.；Served as Vice Chairman and General Manager 188bet game company from August 2006 to November 2011；Served as Chairman 188bet game Company from November 2011 to present；Current member 188bet game 7th CPPCC Hainan Province。

April 17，Luoniushan Equestrian and Guangzhou Yima Horse Racing Co., Ltd. signed the "Strategic Cooperation Intention Agreement"，Co-invest in the establishment of Luoniushan International Horse Culture Industrial Park 188bet game in Haikou City, Hainan Province。The 188bet game is positioned as a horse racing complex、Education、Leisure agriculture、Sharing agriculture as one of the sports、Agroecological 188bet game。Taking the horse racing complex as the main cooperation 188bet game，Includes master plan for the 188bet game，And the 188bet game is not limited to the Horse Culture Museum、Related projects such as racetracks。

During this period，Luoniushan has not announced any more progress on the 188bet game。

Shenzhen Stock Exchange requires Luo Niushan to explain and supplement the relevant progress after the first disclosure 188bet game signing 188bet game cooperation intention agreement on April 17。

After Luoniushan announced the total investment of the 188bet game at noon on the 8th，Luoniushan stock directly raised the limit after opening at noon，Report 10.1 yuan/share，Opening on the morning of the 9th，Luoniushan Newspaper 10.89 yuan/share，As of closing，Report 10.93 yuan/share，Increase 8.22%，Total market value 12.6 billion yuan。

Shenzhen Stock Exchange asked Luo Niushan in the inquiry letter to provide a list of insiders of inside information related to the 188bet game，And conduct self-examination on the stock trading situation of relevant insiders。Shenzhen Stock Exchange requires Luoniushan to verify the situation before May 9 and reply to Shenzhen Stock Exchange in writing，And provide additional disclosure of relevant information。

Luoniushan’s 2017 annual report data display，Total assets of the company 61.8.2 billion yuan，Decrease by 0 year-on-year.04%；Operating income 12.9.8 billion yuan，45 year-on-year increase.68%；Net profit attributable to shareholders of listed companies1.5.2 billion yuan，91 year-on-year increase.49%；Net cash flow 3.1.6 billion yuan，Growth 9.64%。Net increase in cash and cash equivalents is -4.400 million yuan，157 year-on-year decrease.81%，Luo Niushan said this was due to the increase in the company’s payment for the second phase of the industrial park 188bet game。

Financial data display，Luoniushan’s monetary capital is 6.8.5 billion 188bet game，Decrease by 7 year-on-year.39%，Proportion of total assets 11.08%；Short-term loan 79 million 188bet game，Long-term loan 5.3.5 billion 188bet game。

Also，Luoniushan’s investment in 2017 soared from 17.66 million 188bet game in 2016 to 5.2.5 billion 188bet game，Increased by 2878.37%。

It is worth mentioning，Luoniushan stated in the annual report，"Central Committee of the Communist Party of China in April 2018、The State Council jointly issued the "Guiding Opinions on Supporting Hainan to Comprehensively Deepen Reform and Opening Up"，Encourage the development of beach sports in Hainan、Water sports、Horse racing and other sports，Support Hainan’s special zone policy in building a national sports 188bet game demonstration zone，Provides an unprecedented opportunity for the company to develop sports 188bet game。The Hainan International Horse Culture 188bet game Industrial Park project planned by the company is positioned as a horse racing complex、Education、Leisure agriculture、Sharing agriculture as one of the sports、Agroecological Project。The construction of Hainan International Horse Culture Industrial Park project will promote the development of 188bet game in Hainan，Innovate the institutional mechanism to promote the construction of an international 188bet game consumption center，Exploring and developing a guessing sports lottery，Building Hainan International 188bet game Island、Free Trade Pilot Zone、Free Trade Port with Chinese Characteristics，It is of great significance to improve the functions of Haikou, the provincial capital。At a higher level、Wider view，Plan and position the Hainan International Horse Cultural 188bet game Industrial Park project，Actively integrate into the national “Belt and Road” development strategy；Be ahead of the curve and have a sense of leadership，Prepare the layout of the park，Project shows Chinese style、Chinese style、China Image。The company has established Luoniushan International Equestrian Club，And signed a strategic cooperation agreement with Guangzhou Yima Horse Racing Co., Ltd.，Forward-looking layout of international standard racecourse、Equestrian training ground and performance ground、International standard polo fields and related equestrian sports facilities，Promote the development of horse racing in China，Strive to become the pioneer of sports 188bet game in China。”

*Source of this article: The Paper，Author: Li Xiaoqing，Original title: "Shenzhen Stock Exchange inquires about Luoniushan: total assets 6.4 billion，Where is the money to build a 28.7 billion 188bet game town》.