With the effective control of the domestic epidemic，The social economy is gradually recovering，The whole country is working hard to resume production and work，But some industries still face serious difficulties，Such as 188bet online live casino service industry，This has forced many companies in this industry to change their business and survival strategies。

Recently，Disclosure announcement of Chaoyi International 188bet online live casino Service (NEEQ: 873123), a company listed on the New OTC Market，The company’s board of directors deliberated on the resolution，Due to the needs of its own business development and long-term strategic planning，After careful consideration，Plan to apply for the company’s stock to be terminated from listing on the National Equities Exchange and Quotations。The company stated，Plans to submit an application for termination of listing to the National Equities Exchange and Quotations within one month after the general meeting of shareholders considers and approves matters related to the termination of stock listing，The specific termination time shall be subject to the time approved by the National Equities Exchange and Quotations。

NEEQ delisting has strict procedural requirements，Including board of directors meetings、Shareholders meeting review，Approval of stock transfer company, etc.，But for Chaoyi International 188bet online live casino，These procedures are much simpler。

Noted by China Industrial Economic Information Network，Chaoyi 188bet online live casino Hotel is a veritable "mom-and-pop shop"，The company has only two shareholders: Wang Kai and Liu Tingting，They are husband and wife，The company’s actual controller and person acting in concert respectively，Serves as the chairman and general manager of the company respectively，Registered capital 10 million yuan，The couple holds 99% and 1% of the company's shares respectively。

Public information display，Chaoyi International 188bet online live casino Co., Ltd. was listed on the New OTC Market in December 2018，The sponsoring brokerage is Guosheng Securities，At the base layer，Adopt call auction transaction method。This company is a service-oriented enterprise specializing in domestic 188bet online live casino services and electronic ticket booking services，The main business is based on the 188bet online live casino agency industry。

Chaoyi International 188bet online live casino Service，Currently the company has independent 188bet online live casino product design capabilities、Efficient tourism resource operation capabilities、Excellent 188bet online live casino team service capabilities and other advantages，Can provide services to tourism consumers with advanced service concepts and reliable service quality。

Judging from past financial data，Over 100 million revenue、Millions of profits，The company’s operations are fairly stable。2019，Chaoyi International 188bet online live casino achieved total operating income of 10239.440,000 yuan，increased by 50 year-on-year.51%；Net profit is 161.040,000 yuan，A year-on-year increase of 385.07%；Total assets are 4741.710,000 yuan，33 year-on-year increase.95%。

Chaoyi International 188bet online live casino said in the annual report，The company maintains its existing market share，Actively explore new 188bet online live casino routes，Such as Laoshan Academy, etc.，The negative cash flow from operating activities was mainly affected by the company’s new ticket payments and the development of new scenic spots during the reporting period，Beginning balance of prepaid accounts 2808.680,000 yuan，Ending balance 4082.370,000 yuan，New 1273.690,000 yuan；At the same time, in order to meet the company's operating cash flow，Net new external financing during the reporting period 557.510,000 yuan。

It can be seen from this，Chaoyi International 188bet online live casino Service has expanded its main business，On the other hand, capital expenditures increased due to business expansion，Financing in the form of external borrowings at the same time。Due to the impact of this year’s epidemic，The company is bound to be under tremendous pressure in terms of operations and funds。

China Industrial Economic Information Network also noticed，Chaoyi International 188bet online live casino Service also has areas that need to be regulated in terms of internal control。The company voluntarily disclosed，Chaoyi International 188bet online live casino loaned 1 million yuan to the related party Qingdao Wenzheng Tourism Culture Communication Co., Ltd. on February 15, 2019，No interest agreed，The loan was fully recovered on March 26, 2019, more than a month later，However, this matter belongs to the subsequent supplementary performance review procedure。

Reasons for delisting，Chaoyi International 188bet online live casino only stated that it was for operational and strategic considerations。However，Operational difficulties and financial pressure caused by industry squeeze，NEEQ listing maintenance costs and failure to obtain equity financing, etc.，Perhaps the company should consider it comprehensively，Finally made the strategic decision to delist。

*Source of this 188bet online live casino: China Industrial Economic Information Network,Author: Pen Nib, original title:《Chaoyi International 188bet online live casino Service, a "mom-and-pop shop" on the New Third Board, plans to delist, or it may be due to the poor operating environment of the main business》.