New OTC listed company 188bet (stock code: 837727) issued an announcement，In order to meet the company’s business development needs and long-term strategic development plan in the capital market，The company plans to apply to terminate listing on the National Equities Exchange and Quotations。

The hotel management is a classical garden style hotel，Mainly providing catering、Accommodation and other hotel supporting services，Listed on the New OTC Market on June 24, 2016。The company’s operating income in 2017 was 7892.620,000 yuan，Decreased by 9% compared with the same period last year.41%；Net profit attributable to shareholders 188bet listed company is 541.860,000 yuan，Decreased by 15% compared with the same period last year.59%。

188bet net profit trend

As 188bet end of 2017，Total hotel management assets is 5014.510,000 yuan，An increase of 8 compared with the end 188bet previous year.04%；Total liabilities are 2440.430,000 yuan，Decreased by 6 compared with the end 188bet previous year.47%；Asset-liability ratio 48.67%，56 compared to the end 188bet previous year.22%，Down 7.55 percentage points；Net cash flow generated from operating activities for the current period is 917.460,000 yuan，The same period last year was 885.580,000 yuan。

Hotel Management Indication，Company’s controlling shareholder、The actual controller has communicated and negotiated with other shareholders 188bet company on matters related to the company’s application for termination of listing，A preliminary agreement has been reached on this matter，Effective measures will be taken to ensure that the legitimate rights and interests of all shareholders are fully protected、Effective protection。To properly handle the company’s stocks held by dissenting shareholders，Aiming at dissenting shareholders，The controlling shareholder 188bet company、Commitment 188bet actual controller: after the shareholders’ meeting on August 8, 2018，Shareholders with objections，Company’s controlling shareholder、The actual controller or its designated third party plans to take protective measures to repurchase shares against dissenting shareholders after the listing is terminated，The purchase price is not lower than the cost price 188bet dissenting shareholders to acquire the shares，The specific price is subject to negotiation between both parties。