January 10，Hainan HNA China Journey Business Management Co., Ltd. (hereinafter referred to as "China Journey" stock code: 837649) announced，In order to coordinate with 188bet Live Casino’s business development strategy adjustment，Fully integrate resources，Plan long-term development goals，Improve company operating efficiency and reduce company listing maintenance costs，After careful consideration，Planning to apply to the National Equities Exchange and Quotations to terminate stock listing。

Announcement display，188bet Live Casino’s controlling shareholder has fully communicated and negotiated with other shareholders of 188bet Live Casino on matters related to 188bet Live Casino’s application for stock termination，A preliminary agreement has been reached on this matter，Effective measures will be taken to protect the legitimate rights and interests of dissenting shareholders。

188bet Live Casino plans to submit an application for termination of listing to the National Equities Exchange and Quotations within 10 days after the transfer is reviewed and approved by the shareholders’ meeting。

Hua Zhizhi released its financial report for the first half of 2018，188bet Live Casino’s operating income in the first half of the year was 504.810,000 yuan，121 more than the same period last year.570,000 yuan，Increase by 31.72%；But net profit loss 565.150,000 yuan，Loss reduced by 141% compared with the same period last year.760,000 yuan。It is worth mentioning，The main reason for the decrease in Huazheng’s net profit is not the increase in 188bet Live Casino’s performance，It is caused by cutting 188bet Live Casino’s millions of expenses。

Announcement display，Huazhengzheng’s sales expenses during the reporting period decreased by 86% compared with the same period last year.850,000 yuan，The reason is that 188bet Live Casino has strengthened its control over operating expenses，At the same time, optimize the personnel of some sales departments with serious losses，And implement joint offices in business locations in the same area to reduce costs；Administrative expenses decreased by 82% compared with the same period last year.150,000 yuan，The reason is that the headquarters office relocation and decoration costs were higher in the same period last year；New staffing will be implemented this year，Reduced staff size，Reduction in various public expenses；The management department takes a series of measures to reduce daily administrative expenses。

In addition，First half of 2018，188bet Live Casino’s gross profit margin is 35.28%，Decreased by 21 compared with the same period last year.01%，Mainly because the cost rate of the newly launched membership experience products is higher，And the room fee is an important part of the cost of timeshare vacation products，Market house prices are rising，The redemption cost of deferred rights of timeshare vacation products is increasing。

September 2018，Hua Zhengzhi said，According to the needs of 188bet Live Casino’s business development，To reduce management costs，Improve operational efficiency，Fully integrate resources，188bet Live Casino plans to cancel the Changsha branch。

October 2018，Hua Zhizheng issued an announcement showing that uncovered losses exceeded one-third of the total paid-in share capital，As of June 30, 2018，The balance of undistributed profits in 188bet Live Casino’s unaudited financial statements is -5,263,222.96 yuan，188bet Live Casino’s uncompensated losses exceed the total paid-in share capital 10,000,000.One-third of 00 yuan。

To this，Huazheng explained as，Subject to macroeconomics、The impact of market competition and reduction of sales venues，The new products promoted by 188bet Live Casino have limited market awareness，Little contribution to overall income；Original membership products have low profit margins，And the utilization rate of member rights has increased since 2017，Further squeezing 188bet Live Casino’s profit margin；The cost rate of new membership experience products this year is relatively high，Resulting in a significant decrease in the average gross profit margin of the product。

In fact，The overall performance of China Journey has been unstable in the past two years，Before logging into the New Third Board，China Journey 2013、2014、Loss of 325 each in 2015.310,000 yuan、Loss 55.080,000 yuan、Profit 228.670,000 yuan。2016，188bet Live Casino only makes a profit of 8.590,000 yuan，Decreased by 96% compared with the same period last year.24%；2017，188bet Live Casino made another profit of 710,000 yuan，727 year-on-year increase.2%。

Huaztrip was listed on the New Third Board in August 2016，Public information display，China Travel relies on the hotel resources of HNA Group to establish Club Vac Yueyi Vacation Club，With the high-quality guest room resources of HNA Hotel Group’s own and export-managed hotels as the core，With HNA Group Airlines、Yacht、Cruise、Golf and other 188bet Live Casino and vacation industries are extensions of development，Provide hotel accommodation for high-end families and large and medium-sized enterprises in China、International vacation and other comprehensive leisure vacation products and services。