January 10，Sante Ropeway Announcement，The company plans to use 2.At a price of RMB 2.8 billion, the wholly-owned subsidiaries Chongyang Sante 188bet Live Casino Development Co., Ltd. (hereinafter referred to as "Chongyang 188bet Live Casino Company") and Chongyang Sante Junshuihe 188bet Live Casino Development Co., Ltd. (hereinafter referred to as "Chongyang 188bet Live Casino Development Co., Ltd." Transferred part of the assets held by Yangjun Shuihe Company to Wuhan Contemporary Real Estate Development Co., Ltd.。

Announcement display，The transferred assets include the hot spring town、Xi Shang 188bet Live Casino、B&B along the river、The corresponding land use rights of Xu Jiabao and others、Project development rights、Ground buildings and projects under construction。Among them，The assessed value of the hot spring town is 1.0.3 billion 188bet Live Casino，The assessed value of Xishangyuan is 6232.040,000 188bet Live Casino，The assessed value of the B&B along the river is 3149.850,000 188bet Live Casino，Xu Jiabao’s assessed value is 3110.560,000 188bet Live Casino，Total value of four assets 2.2.8 billion 188bet Live Casino。

Target asset overview

Partial asset evaluation of Chongyang project

Announcement display，Given that Contemporary Real Estate Company is a wholly-owned subsidiary of Wuhan Contemporary Technology Industry Group Co., Ltd., the company’s controlling shareholder，This transaction constitutes a related transaction。

According to financial reports for the first three quarters of 2018，Sante Ropeway has transferred 100% of the equity of Xianfeng Santate 188bet Live Casino Development Co., Ltd.，70% equity of Wuhan Mulan Ecological Real Estate Co., Ltd.，100% equity of Nanzhang Sante 188bet Live Casino Real Estate Development Co., Ltd.，The company’s investment income in the first three quarters was 1082.57% year-on-year growth。Transfer of part of the assets of the Chongyang project，is the continuation of Sante Ropeway’s revitalization of the company’s asset stock in 2018。

Santa Ropeway Indication，This transaction revitalizes the asset stock，Divesting requires more investment、Projects with a long payback period，Conducive to better realizing business benefits。

Related transactions between 188bet Live Casino Cableway and its controlling shareholders, etc.

Also，Disclosed simultaneously in the announcement，2019 YTD，The total amount of various related transactions that have occurred between the company and its controlling shareholder Wuhan Contemporary Technology Industry Group Co., Ltd. and its holding company is 1,676.350,000 188bet Live Casino，Accounting for 2 of the company’s latest audited net assets.03%。