April 17，Yunnan Chengtou 188bet mobile Co., Ltd. issued two announcements on the transfer of equity interests in Xishuangbanna subsidiaries。

Among them，Transfer 100% equity of Xishuangbanna Cangjiang Cultural 188bet mobile Development Co., Ltd.、1.3.6 billion yuan of debt principal and corresponding interest；Transfer 51% equity of Xishuangbanna Yunchen Real Estate Co., Ltd.。

Cangjiang Cultural 188bet mobile was established in December 2018，Registered capital 100 million yuan，Registered address is located at Winter Resort, Mannong Fengpian District, Jinghong City, Xishuangbanna Dai Autonomous Prefecture, Yunnan Province，Business scope involves sports、Cultural venues、Tourist Resort、Development and operation of scenic spots, etc.。The core asset is the characteristic tourist town of Lanlanba Dai Water Town in Xishuangbanna Prefecture 547.42 acres of commercial land，The project is currently in the early planning and design stage，Construction has not yet started。100% equity of Cangjiang Cultural 188bet mobile has been pledged to Western Trust Co., Ltd.，Hold about 464.65 acres of land has been mortgaged to Western Trust Co., Ltd.。

188bet mobile was established in November 2018，Registered capital 100 million yuan，Registered address is located at Winter Resort, Mannongfeng Area, Tourist Resort, Xishuangbanna Dai Autonomous Prefecture, Yunnan Province，The business scope involves real estate development and operation, etc.，The other 49% is held by Chenxing Real Estate Development Co., Ltd.。The core asset is 345 in the characteristic tourist town of Lanlanba Dai Water Town in Xishuangbanna Prefecture.34 acres of land，The project is currently in the early planning and design stage，Construction has not yet started。51% of the equity of 188bet mobile has been pledged to Chenxing Real Estate，The loan principal paid by 188bet mobile to Chenxing Real Estate1.0.3 billion yuan、The corresponding interest and all expenses incurred by Chenxing Real Estate to realize the creditor's rights (both are subject to the company's shareholding ratio of 51% as the upper limit) provide guarantee。

As of November 30, 2019，Cangjiang Cultural 188bet mobile recorded total assets 4.100 million yuan，Net worth 0.9.9 billion yuan，Value increase due to inventory evaluation，The assessed net asset value increased by nearly 2% compared with the book value.8.6 billion yuan，Increase 289.33%；Yunchen Real Estate recorded total assets of 3.4.1 billion yuan，Net worth 0.8.9 billion yuan，Value increase due to inventory evaluation，The assessed net asset value increased by 1 compared to the book value.7.8 billion yuan，Increase 199.43%。

It’s worth noting，Yunnan City Investment pointed out in the announcement，The profit generated from the sale of Cangjiang Cultural 188bet mobile may account for more than 50% of the company’s audited net profit in the most recent fiscal year。

According to Guandian 188bet mobile New Media Report，On February 24th，Yunnan Urban Investment announced the transfer of 80% equity of Xishuangbanna Hangtou 188bet mobile Co., Ltd. (Hangtou 188bet mobile)，i.e. 42 in Jinghong City, Xishuangbanna Prefecture.Project company with 55 acres of mixed commercial and residential land。

*Source of this article: Guandian 188bet mobile Network, original title:《Yunnan City Investment transferred the equity of two cultural 188bet mobile in Xishuangbanna, corresponding to 893 acres of land》.