Evening of June 21st，Announcement of Beibu Gulf 188bet Co., Ltd.，Due to the needs of the company’s business integration and strategic development，Guangxi Hongshuihe 188bet Development held by the company transferred、Qinhuangdao New Travel、Yantai New Yi Kongtong Island 188bet Development、Yantai Xinyi Cruise、Equity of Yantai Xinyi Feiyang Passenger Ship Company，Total transfer price 1.2.3 billion yuan。

According 188bet announcement, the specific transaction details are as follows:

1、The company transfers 100% equity of Guangxi Hongshuihe 188bet., Ltd.，95% of which was transferred to Jiaxing Jinyu No. 6 Investment Partnership (Limited Partnership)、Transfer 5% to Anhui Nanxiang Cultural Tourism Co., Ltd.，The transfer transaction price refers to the appraisal value of Guangxi Hongshuihe 188bet., Ltd. and is determined through negotiation between the parties. The total is 843.650,000 yuan。

2、The company transfers 100% equity of Qinhuangdao Xinyi 188bet Co., Ltd.，95% of which was transferred to Jiaxing Jinyu No. 5 Investment Partnership (Limited Partnership)、Transfer 5% to Nanxiang Cultural 188bet，The transfer price refers to the assessed value of Qinhuangdao Xinyi 188bet Co., Ltd. and is determined through negotiation between all parties. Total 4,273.260,000 yuan。

3、The company transfers 100% equity of Yantai Xinyi Kongtong Island 188bet., Ltd.，95% of which was transferred to Jiaxing Jinyu No. 4 Investment Partnership (Limited Partnership)、I guarantee to the board of directors and all directors of Nanxiang Company that there are no false records in this announcement、Misleading statements or material omissions，And the authenticity of its content、Individually and jointly responsible for accuracy and completeness。Cultural tourism transfer 5%，The transfer price refers to the appraised value of Yantai Xinyi Kongtong Island 188bet., Ltd. and is determined through negotiation between all parties. Total 4,837.950,000 yuan。

4、The company transfers 100% equity of Yantai Xinyi Cruise Co., Ltd.，95% of which was transferred to Jiaxing Jinyu No. 4、Transfer 5% to Nanxiang Culture and 188bet，The transfer transaction price refers to the appraised value of Yantai Xinyi Cruise Co., Ltd. and is determined through negotiation between all parties. Total 1,868.130,000 yuan。

5、Beibu Gulf 188bet Co., Ltd. transferred its 70% stake in Yantai Xinyi Feiyang Passenger Ship Co., Ltd. to Jiaxing Jinyu No. 4，The transfer transaction price refers to the appraisal value of Yantai Xinyi Feiyang Passenger Ship Co., Ltd. and is determined through negotiation between both parties, totaling 446.230,000 yuan。

For this transaction，Beibu Gulf Brigade stated that after the equity transfer is completed，Guangxi Hongshuihe 188bet., Ltd.、Yantai Xinyi Kongtong Island 188bet., Ltd.、Yantai Xinyi Cruise Co., Ltd.、Qinhuangdao Xinyi Tourism Co., Ltd.、Yantai Xinyi Feiyang Passenger Ship Co., Ltd. and Qinglong Manchu Autonomous County Zushan Xinyi 188bet., Ltd.、Qinhuangdao Qinhuang Town Xinyi 188bet., Ltd.、Qinhuangdao Maritime Cruise Co., Ltd. will no longer be included in the company’s consolidated statements。As of now，The company does not provide guarantees to the above five subsidiaries、Entrusted financial management and other matters。

According to the 2017 annual report released by the Beibu Gulf Brigade，The company’s operating income from January to December 2017 was 25.1.2 billion yuan，173 year-on-year increase.01%；The average operating income growth rate of the attractions and 188bet industry is 36.22%；Net profit attributable to shareholders of listed companies 2.7 billion yuan，YoY increase of 58.44%，The average net profit growth rate of the attractions and 188bet industry is 24.73%，The company’s earnings per share is 0.77 yuan。

At the same time，Beibu Gulf Brigade also posted about Director、Announcement of Senior Management Resignation，188bet’s board of directors received Mr. Zhao Jinfeng’s written resignation application，Applying to resign as a director of 188bet due to personal reasons、Member of Strategy Committee、Member of the Nomination Committee、Positions such as member of the Salary and Appraisal Committee and president of 188bet。According to relevant regulations，His resignation application will take effect from the date it is delivered to 188bet’s board of directors。

May this year，Wang Yusuo, chairman of Beibu Gulf Brigade, resigned，Succeeded by Wang Yusuo’s son, Xinao Group President Wang Zizheng，According to the Beibu Gulf Brigade announcement，188bet’s board of directors received Mr. Wang Yusuo’s written resignation application，Applying to resign from his position as chairman of 188bet and chairman of the strategy committee，But will continue to serve as a director of 188bet，At the same time, combined with business development planning，After consultation, director Mr. Wang Zizheng was elected as the chairman of 188bet’s third board of directors and chairman of the strategy committee。