February 27，Hainan Ruize (stock code: 002596) announced，Approved by the Board of Directors，The company’s wholly-owned subsidiaries Hainan Shenghua 188bet Online Sports Betting and Casino and Hainan Agricultural Reclamation Shenquan Group、Yuehua Equestrian Culture jointly signed the "Haiken Nantian Equestrian Culture Town Project Cooperation Contract"。The content of this cooperation construction is mainly agricultural comprehensive development、Equestrian Culture Resort Town、Equestrian Club、Horse racing industry, etc.，The estimated investment amount of the project is 3 billion yuan，The project construction period is 72 months。

This cooperation project plans to establish a project company，Among them: Hainan Nongken Shenquan Group Co., Ltd. holds 40% of the shares of the project company，Hainan Shenghua 188bet Online Sports Betting and Casino Industry Co., Ltd. and Shenzhen Yuehua Equestrian Culture Industry Co., Ltd. each hold 30% of the shares of the project company。

Data display，The registered capital of Shenghua 188bet Online Sports Betting and Casino, a wholly-owned company of the company, is 50 million yuan，obtained business license in March 2018。The business scope of Shenghua 188bet Online Sports Betting and Casino registered and approved by the industrial and commercial department is: 188bet Online Sports Betting and Casino project investment and development，Horse racing industry project investment，Event organization and planning，Equestrian training，Horse domestication，Cultural Media。(Independent operation of general business projects，Permitted business projects are operated with relevant licenses or approval documents) (projects subject to approval according to law，Business activities can only be carried out after approval from relevant departments。）