March 17，Fosun 188bet Culture Group announces annual results for the year ended December 31, 2019。

As of December 31, 2019，Group revenue is approximately RMB 173.400 million yuan，Growth 6.6%。The turnover of 188bet operation related business reached RMB 146.0 billion yuan，Growth 8.9%。Adjusted EBITDA growth 79.9%，Net profit attributable to parent company reaches RMB 6.100 million yuan，Significantly increased by nearly double。

The board of directors recommends the distribution of a final dividend of HK2 cents per share for the year ending December 31, 2019，Together with the interim dividend, the cumulative dividend for the year was 9 HK cents。

The leading position of resorts continues to be consolidated 188bet business grows strongly

As of December 31, 2019，Club Med operates in more than 40 countries and regions on six continents around the world，Operating 66 resorts，The turnover during the year reached RMB 132.100 million yuan，YoY growth of 5.2%，Recurring EBITDA from resort operations (excluding the impact of IFRS 16) 188bet by 9.1%。

The group continues to promote its upgrading strategy，Increase the supply of high-end and high-quality products，The capacity of four-star and five-star resorts 188bet from 80 at the end of 2018.1% 188bet to 85 at the end of 2019.0%。Due to the best-selling winter ski products，In addition to the 188bet capacity of four-star and five-star resorts，Average daily bed price 188bet by 5.6% reaches RMB 1,330 yuan。

Globalization strategy continues to be effectively implemented。2019，The resort has 148 customers.80,000 people，Year-on-year growth of 3.2%。The number of customers in Greater China 188bet from 24 in 2018.30,000 visitors 188bet to 28 in 2019.20,000 people，The ten-year compound growth rate reaches 19.0%。The group shows active growth in all markets，Brazil、Markets such as the UK and Australia have achieved double-digit growth for two consecutive years。

Mr. Henri Giscard d’Estaing, Vice Chairman and Deputy CEO of Fosun 188bet and Culture Group, said: “2019 is another fruitful year。Club Med’s strong financial performance，We have gained a lot in terms of brand and customer experience。In addition to the successful opening of a resort in Miches Beach, Dominican Republic and a Club Med Joyview resort in Yanqing, China in November，We also open the Alpe d’Huez mountain resort and the Grand Massif Samoëns Morillon holiday home in France，To further leverage Club Med’s skiing advantages。We will be committed to developing and leading high-end ski and coastal resort products in the future，And maintain regional balance，Planned openings in 2020 include a beach resort in the Seychelles，La Rosière mountain resort in the French Alps，There is also the Charlevoix mountain resort in Quebec, Canada, scheduled to open after 2020。In addition，We have also signed several resort contracts in China，Planned to open in succession in the next few years，Including Club Med and Club Med Joyview resorts respectively opened in Lijiang and Taicang Fuyou City, Fosun 188bet’s own projects。”

By acquiring Casa Cook、Cook’s Club brand，The 188bet’s resort brands are further enriched，Meet the diverse market needs of different customer groups。The signing of 4 resorts has been completed four months after the acquisition，Plans to expand to no less than 15 stores in the next three years。

The first tourist destination project has outstanding performanceThe new brand "Fuyou City" is launched

In 2019, the operating income of Atlantis as a single tourist destination reached RMB 13.100 million yuan，Annual increase of 74.2%；EBITDA 188bet to 5.600 million yuan，EBITDA rate as high as 43%。5.2 million customer visits per year。

The group quickly launched the development of new tourist destinations based on the successful operation of Atlantis Sanya，Released the "FOLIDAY Town" brand in November 2019，Leveraging Fosun 188bet’s global FOLIDAY ecosystem，Bringing together many of the world’s leading leisure and vacation brands，Leading a new vacation lifestyle。Taicang and Lijiang Fuyou City are under rapid construction，The available vacation properties are planned to be pre-sold in 2020。

Building a Thomas Cook lifestyle platform

2019，FOLIDAY travel distribution platform achieves turnover of RMB 4.800 million yuan，Significant increase of 123.0%。The 188bet paid to Thomas Cook 188bet Plc in November 2019. And its affiliates acquire Thomas Cook global brands，Committed to building the Thomas Cook brand into a lifestyle service platform directly facing global family customers，This platform will integrate the Fyou Travel and Cooli businesses of the original FOLIDAY travel distribution platform，Also includes leisure and vacation services。

The 188bet’s financial position is stable Adequate cash reserves

Although the new coronavirus epidemic broke out at the end of January 2020，The Group’s business performance in the first two months of 2020 remains excellent，Resort operation revenue 188bet by approximately 8% year-on-year， EBITDA 188bet by more than 20% year-on-year，Tourist destination operating revenue declined despite the impact of the epidemic，But EBITDA is still positive in the first two months of 2020，Amounting to about 50 million yuan。Financial health，Cash and cash equivalents approximately RMB 2.1 billion，Unused bank loans are approximately RMB 2.5 billion。The group believes that the new crown epidemic will have a negative impact in the short term，But it will not affect long-term development。

Chairman of Fosun 188bet Culture Group、Mr. Qian Jiannong, Executive Director and CEO, said: “Fosun 188bet achieved steady growth in its main business in 2019，Net profit doubled。At the same time，As a leading company in global leisure resorts， In 2019, we further strengthened our brand advantages in the leisure and vacation field by acquiring the Thomas Cook brand and its Casa Cook and Cook’s Club brands。With the development of FOLIDAY ecosystem online and offline，Our business model is highly praised by the industry。The epidemic is profoundly changing consumers’ consumption concepts，Consumers generally have higher requirements for 188bet quality and service quality，The Chinese government also issued the "Implementation Opinions on Promoting Consumption Expansion and Quality Improvement to Accelerate the Formation of a Strong Domestic Market" on March 13th，Promote the quality and upgrading of the 188bet industry。We believe that our upgraded products are more in line with the future needs of the market，We actively respond to the epidemic，Reasonably control operating and headquarters costs，And maintain a sound financial level。This epidemic is an international public health security crisis，Our innovative business model and FOLIDAY ecosystem help cope with such a crisis，And seize more rebound opportunities after the crisis，Continue to look for growth opportunities and motivation for the company。“