Cedar Holdings, a private enterprise in Guangzhou that has just entered the world's top 500 companies，Intensified support for its listed companies。Shinur (002485) evening announcement on September 6th，The company’s controlling shareholder Guangzhou Cedar Cultural 188bet Online Sports Betting and Casino Investment Co., Ltd. (hereinafter referred to as “Cedar Cultural Investment”) plans to provide the company with a total amount of financial assistance of no more than 500 million yuan free of charge，The loan period is twenty-four months，The funding amount can be used on a rolling basis within this amount。

This financial assistance demonstrates 188bet Online Sports Betting and Casino’ support for the company，Conducive to improving financing efficiency for Shinur who is in trouble，Reduce financing costs。

188bet Online Sports Betting and Casino invested 4.2 billion to acquire control of Shinur in June last year。All last year，188bet Online Sports Betting and Casino achieved revenue exceeding 221 billion yuan in 2017，First appearance in Fortune Global 500 list this year，Become the only Fortune 500 private enterprise in Guangzhou。

A series of operations on Shinur are getting better。First half of this year，Sinur maintains the steady operation of the clothing business，Actively develop cultural 188bet Online Sports Betting and Casino business as a new profit growth point。Sinur achieved operating income of 3 in the first half of 2018.8.9 billion yuan，An increase of 8 over the same period last year.98%，Net profit attributable to shareholders of listed companies is 162.10,000 yuan，Loss of 23.2 million yuan in the same period last year，Turn loss into profit year-on-year。

Shinur is currently suspended，Plans to acquire 100% equity of Lijiang Yulong Garden Investment Co., Ltd. and Lijiang Huilong 188bet Online Sports Betting and Casino Development Co., Ltd. by issuing shares and paying cash，Further transformation of the 188bet Online Sports Betting and Casino industry。The total transaction amount is expected to not exceed 900 million yuan，May be adjusted based on actual progress。The companies that both parties will target in 2018、Commitments on performance in 2019 and 2020，The specific standards shall be subject to the formal agreement signed by all parties to the transaction。

In addition，Due to the transformation to cultural 188bet Online Sports Betting and Casino，Sinur announcement on the same day，Received the "2018 Second Phase 188bet Online Sports Betting and Casino Industry Development Incentive Fund 1369" from the Zhucheng Government of Shandong Province.720,000 yuan” government subsidy，Expected to increase profits in 2018。

Earlier announcement display，Xinur appointed Duan Dongdong as the general manager of the company on September 1st。Duan Dongdong has been deeply involved in the 188bet Online Sports Betting and Casino industry for many years，Formerly served as Vice President of Alibaba Travel and Assistant to the Chief President/General Manager of Marketing Center of Wanda Group Beijing Wanda Theme Entertainment Culture Co., Ltd.。

Recent business development needs of 188bet Online Sports Betting and Casino，Adjustments to the group’s senior management positions。Zhang Jin is still the chairman of the group’s board of directors，His position and status as the actual controller of the company have not changed，Fan Jiayu was promoted to chairman。From the perspective of funding Shinur，188bet Online Sports Betting and Casino’ strategic reorganization of its listed companies is still progressing in an orderly manner。

*Source of this 188bet Online Sports Betting and Casino: Securities Times Network，Author of this 188bet Online Sports Betting and Casino: Tong Lu，Original title: "Cedar Holdings funded Shinur with 500 million and is suspending trading and reorganizing Lijiang cultural 188bet Online Sports Betting and Casino assets》.