January 10，Sante Ropeway Announcement，The company plans to use 2.At a price of 2.8 billion yuan, the wholly-owned subsidiaries Chongyang Sante Tourism Development Co., Ltd. (hereinafter referred to as "Chongyang Tourism Company") and Chongyang Sante Junshuihe Tourism Development Co., Ltd. (hereinafter referred to as "Chongyang Tourism Company") Part of the assets held by "Yangjun Shuihe Company") were transferred to Wuhan Contemporary Real Estate Development Co., Ltd.。

Announcement display，The transferred assets include the hot spring town、Xi Shang Yuan、B&B along the river、The 188bet online sports betting 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 yuan，The assessed value of Xishangyuan is 6232.040,000 yuan，The assessed value of the B&B along the river is 3149.850,000 yuan，Xu Jiabao’s assessed value is 3110.560,000 yuan，The total value of the four assets is 2.2.8 billion yuan。

Target asset profile

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 Tourism Development Co., Ltd.，70% equity of Wuhan Mulan Ecological Real Estate Co., Ltd.，100% equity of Nanzhang Sante Tourism Real Estate Development 188bet app download 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 long investment payback period，Conducive to better realizing business benefits。

Related transactions between Sante Cableway and its controlling shareholders, etc.

In addition，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 yuan，Accounting for 2% of the company’s latest audited net assets.03%。