China National Travel Service is continuously increasing its presence in 188bet mobile.

November 12，China International Travel Service (stock code: 601888) announced，In order to actively participate in the construction of Hainan Province’s international 188bet mobile island and free trade zone (port)，The 15th meeting of the company’s third board of directors approved the company’s wholly-owned subsidiary, CITS Investment Development Co., Ltd., to establish a wholly-owned subsidiary, CITS (Haikou) Investment Development Co., Ltd. (name based on actual registration) in Haikou City, Hainan Province allow)，Registered capital is RMB 100 million。

It’s worth noting，September 12 this year，China 188bet mobile Group’s domestic headquarters officially moved from Beijing to Haikou，The registration authority of China 188bet mobile Group was changed to Hainan Provincial Administration for Industry and Commerce。

Also，October 22，China International Travel Service announced，China 188bet mobile Group, the company’s controlling shareholder, signed a free share transfer agreement with the Hainan Provincial State-owned Assets Supervision and Administration Commission on the same day，Hainan Provincial State-owned Assets Supervision and Administration Commission transferred its 51% equity in Hainan Provincial Duty Free Co., Ltd. (hereinafter referred to as "Hainan Duty Free Company") to the 188bet mobile group for free。Meanwhile，The 188bet mobile group transferred its 39,049,510 shares of China National Travel Service (accounting for 2% of the company’s total share capital) to the Hainan Provincial State-owned Assets Supervision and Administration Commission for free。

Announcement Disclosure，After the free transfer is completed，The 188bet mobile group will hold 51% of the equity of Haidu Company，Become the controlling shareholder of Haidu Company。This also means that China International Travel Service now has a dominant position in the field of duty-free business in Hainan，The competitive relationship with Haifei, the original only competitor, is no longer，And it also realizes "one family"。