March 24，188bet online live casino Impression Co., Ltd. issued an indicative announcement on the progress of changes in controlling shareholder’s equity。

Guandian Real Estate New Media learned，Recently，Shanghai Sanxiang Investment Holdings Co., Ltd. (hereinafter referred to as "188bet online live casino"), the controlling shareholder of Sanxiang Impression, learned this by querying the China Securities Depository and Clearing Co., Ltd. system and verifying with the Shenzhen Futian District People's Court，Pledge target shares (3,592,934 restricted shares) remaining 3,412,434 shares，Accounting for 0 of the total share capital of listed companies.249%，Has been auctioned by Shenzhen Futian District People’s Court in accordance with the law and completed judicial transfer on March 23, 2020。

Before this reduction，188bet online live casino holds a total of 282 shares of listed companies,901,518 shares，Accounting for 20% of the total share capital of listed companies.63%。As of March 24, 2020，188bet online live casino holds a total of 279 shares of listed companies,489,084 shares，Accounting for 20% of the total share capital of listed companies.38%。188bet online live casino and its person acting in concert, Mr. Huang Hui, hold a total of 456 shares of the listed company,295,386 shares，Accounting for 33% of the total share capital of listed companies.28%。

According to the announcement，September 23, 2009，188bet online live casino signed the "About the Assets of Shenzhen Heguang Modern Business Co., Ltd." with 13 financial institutions (hereinafter referred to as the "Board Committee") including the Agricultural Bank of China Co., Ltd. Shenzhen Overseas Chinese Town Branch (hereinafter referred to as "Shenzhen Agricultural Bank of China") Sale and Financial Debt Restructuring Agreement (hereinafter referred to as the "Restructuring Agreement")。

Arranged according to the reorganization agreement，188bet online live casino transferred 3 on August 15, 2013,592,934 restricted shares (i.e., "subject shares") are pledged to Shenzhen Agricultural Bank of China designated by the debt committee。

January 15, 2018，Shenzhen Agricultural Bank of China submitted an application to the People’s Court of Futian District, Shenzhen City, Guangdong Province for the realization of security rights，Accepted by the court。October 9, 2018，188bet online live casino received the civil ruling from the People’s Court of Futian District, Shenzhen，Approval of Shenzhen Agricultural Bank of China’s application for security rights。November 14, 2018，188bet online live casino received the execution notice from the People’s Court of Futian District, Shenzhen，This matter has entered judicial execution procedures。

July 2019，Futian District People’s Court adopts centralized bidding transaction method，Reduce 180 of the above-mentioned underlying 188bet online live casino500 188bet online live casino，Proportion of total share capital of listed companies 0.013%。

*Source of this article: ViewpointProduct network, original title: "188bet online live casino Impression controlling shareholder pledge 341.240,000 shares were auctioned and transferred by the court》.