July 10，The National Equities Exchange and Quotations Co., Ltd. (hereinafter referred to as "Equity Transfer System") decided to forcefully delist Zhoushan Islands New District Alpha Yacht Culture and 188bet sports betting Co., Ltd. (referred to as "Alfa")，The reason is that Alpha cannot disclose the 2018 annual report on June 28。

According to disclosure，188bet sports betting was originally scheduled to disclose its 2018 annual report on April 26，However，Guolian Securities Co., Ltd. ("Guolian Securities"), 188bet sports betting's sponsoring brokerage, issued a risk warning to investors on April 19，Announced simultaneously，Alfa cannot disclose its annual report on time，The reason is "business difficulties，Unable to hire an audit agency”。

In accordance with the relevant regulations of the stock transfer system，If the listed company fails to disclose the 2018 annual report before April 30, 2019 (inclusive)，The transfer of its stocks will be suspended on the first transfer day in May。It is reported，Alfa stock transfer suspended on May 6。Today，188bet sports betting representation，The transfer will be resumed after the 2018 annual report is disclosed as required，The latest transfer resumption date is expected to be no later than June 30。If it still cannot be disclosed by June 30，The stock will be forcibly terminated by the stock transfer system。

Even so，Alfa has not yet disclosed its annual report as scheduled。Therefore，The stock exchange system made a decision to force 188bet sports betting to terminate listing on July 10。Allegedly，If 188bet sports betting has objections to the above decision，Within 5 working days from the date of receipt of the decision or the announcement of the stock transfer system (whichever comes first)，Apply for review to the share transfer system；If 188bet sports betting fails to apply for review within the specified period or the review application is not accepted，The stock transfer system will terminate the listing of 188bet sports betting stocks from July 18。

Alfa was established in 2011，Invest and build a yacht port and tourist resort in Zhangzhou Bay，Relying on the 188bet sports betting resources around Zhujiajian Island and Putuo Mountain in Zhoushan Islands，Providing water (ocean) 188bet sports betting and yacht leisure vacation 188bet sports betting services to tourists。Alfa successfully landed on the New Third Board on June 7, 2017。

Public information display，2014 to 2017，Although 188bet sports betting is not very profitable，But they are all profitable。2014 to 2017，Alfa respectively realized net profit attributable to shareholders of the listed company 50.940,000 yuan、205.280,000 yuan、227.270,000 yuan and 295.230,000 yuan。Still achieved 162 in the first half of 2018.Net profit of 950,000 yuan attributable to shareholders of the listed company。

But why 188bet sports betting is in business difficulties，Can’t even pay the cost of hiring an audit firm？Today，Relevant person from Guolian Securities told Beijing News reporter，Alfa said that cash flow is not very large when it (is about to) disclose its annual report，No pricing was reached during negotiations with the audit agency，“The price has not been negotiated，Ultimately, the annual report cannot be disclosed”。The person also said，If you need to know more about the business situation，Need to contact 188bet sports betting’s Board Secretary。

Reporter learned，The former secretary of the Board of Directors of 188bet sports betting resigned in March this year，The duties of Secretary to the Board are temporarily performed by Chairman Li Xia。Li Xia was publicly reprimanded by the stock transfer system for disciplinary action because 188bet sports betting failed to disclose its annual report as required，And recorded in the integrity file。After 188bet sports betting was forcibly delisted，Li Xia’s contact person for investor inquiries for 188bet sports betting。The Beijing News reporter called Li Xia several times this morning according to the contact number in the announcement，No answer。

*This 188bet sports bettingSource: Beijing News，Author:Wang QingBin, original title: "Unable to disclose annual report due to operating difficulties，Yacht 188bet sports betting company Alpha will be forced to delist》.