Evening of November 19th，Beijing BTG 188bet game (Group) Co., Ltd. (referred to as "BTG 188bet game") announced，Increase the registered capital in the form of debt-for-equity swap for the wholly-owned subsidiary BTG 188bet game Group (Hong Kong) Holdings Co., Ltd. (hereinafter referred to as "BTG Hong Kong")。The capital increase amount is 75.9.3 billion yuan，Shoujiu Hong Kong increased its registered capital from HK to 759,300.000084 million yuan。

BTG 188bet game Announcement Introduction，This debt-for-equity swap is not an investment in the overseas 188bet game industry，Does not involve the purchase of foreign exchange or the outbound flow of funds，No new foreign exchange quota will be occupied。After debt-to-equity swap，BTG 188bet game’s registered capital increase in BJJ Hong Kong，Shareholding ratio remains unchanged，Still 100% owned。

March 2015，BTG 188bet game initiates acquisition of equity in Home Inns。Shoujiu Hong Kong is one of the special purpose companies established by Boutique 188bet game to complete this major asset reorganization，Registered capital is HK。

At that time，BTG Hotels established BTG Hotels Group (Cayman) Holdings Co., Ltd. in the Cayman Islands by establishing First Wine Hong Kong in Hong Kong and Cayman Islands，Pay cash consideration to non-major shareholders of Home Inns Group by way of merger，Acquired Homeinns 188bet game Group 66.14% equity。In addition，BTG 188bet game purchased 100% equity of Poly Victory and Home Inns 188bet game Group through the issuance of shares 19.03% equity，Repay Homeinns project loan by raising supporting funds。

Shoujiu 188bet game has no substantial business operations，The purchase funds are all derived from borrowings。

April 1, 2016，Shoujiu 188bet game borrowed 11 from ICBC New York Branch in its name.US.7 billion，And pay to the counterparty (i.e. the public shareholders of Home Inns Group)，Completed the acquisition of a majority stake in Home Inns Group。

Afterwards，To prevent exchange rate risks，BTG 188bet game borrowed RMB 75 from Bank of China Beijing Branch in advance.9.3 billion yuan，Lending to Shojiu Hong Kong in the form of internal borrowing，Shoujiu Hong Kong used this loan to repay all the US dollar loans from ICBC New York Branch。

Boutique 188bet game Announcement，Given that Shojiu Hong Kong itself has no actual business，Inability to repay shareholder loans，For stable operation，Restore the essence of investment，Boutique 188bet game intends to convert its debt to Shojiu Hong Kong into equity，And plans to sign a debt-for-equity swap agreement with Shojiu Hong Kong。After completion of the procedures related to share transfer，BTG 188bet game still holds 100% equity of First Wine Hong Kong。

BTG 188bet game Announcement Introduction，The above debt-for-equity swap and capital increase was reviewed and approved at the third meeting of the company’s seventh board of directors held on November 19, 2018，will be submitted to the company’s second extraordinary general meeting of shareholders in 2018 (to be held on December 6) for review。This matter still needs to be submitted to the Beijing Municipal Commission of Commerce and other departments for review and approval before implementation，And go through relevant procedures at the foreign exchange management department。

*Source of this article: Beijing News，Author: Wang Qingbin，Original title: "Boutique 188bet game intends to increase its registered capital through a debt-for-equity swap for the acquisition of Home Inns》.