Evening of August 3rd，Yunnan 188bet Online Sports Betting and Casino Co., Ltd. issued an announcement regarding the response to the inquiry letter for the 2019 annual report，Deduction of non-net profits、Provision for impairment of goodwill、Jiangnan Garden Related Litigation、Responded to five items including accounts receivable and other payables。

Just deduct non-net profit-1.6.6 billion yuan，There are four main influencing factors: government regulations、Several policies and regulations to regulate the 188bet Online Sports Betting and Casino market，The traditional business of the holding subsidiary Jiangnan Garden is restricted、Performance decline，Adjust and divest non-188bet Online Sports Betting and Casino main businesses，The 188bet Online Sports Betting and Casino transportation business is affected by online car hailing, etc.。

Provision for impairment of goodwill，The discount rate of Yunnan 188bet Online Sports Betting and Casino on Jiangnan Gardens is calculated as 12.95%，Corresponding asset group fair value (assessed value) 1.6.2 billion yuan，Book value of identifiable net assets1.4.7 billion yuan，The amount of goodwill impairment provided based on prudence is 1.5.8 billion yuan。

Yunnan 188bet Online Sports Betting and Casino information，After goodwill impairment provision in 2019，All goodwill on the company’s books has been cleared，In the future, it will no longer be a factor affecting the performance of listed companies.At the same time，Injecting cultural 188bet Online Sports Betting and Casino technology-related businesses through the implementation of major asset reorganization，In the future, the company will continue to operate the existing traditional 188bet Online Sports Betting and Casino business while increasing investment in cultural 188bet Online Sports Betting and Casino technology business，Continuously improve the company's profitability。

Litigation over contract disputes with the original shareholders of Jiangnan Garden，Yunnan 188bet Online Sports Betting and Casino title，Due to the acquisition of Jiangnan Garden shares，The company signed the "Agreement on Issuing Shares and Paying Cash to Purchase Assets" with 19 original shareholders of Jiangnan Garden，Disputes occurred during the performance of this agreement，Involving Qin Wei’s lawsuit against the company’s equity transfer dispute、Litigation case of 12 original shareholders of Jiangnan Garden、The company sued 18 original shareholders of Jiangnan Garden for contract disputes、Litigation case between Yang Jianguo and Changzhou Zhongchi Investment Partnership (Limited Partnership)，The amount of the lawsuit is close to 31 million yuan。Currently，Except the last case has not yet been heard，The remaining cases are in the trial stage。

Bad debt losses on accounts receivable，Yunnan 188bet Online Sports Betting and Casino information，There is no correlation between the top five bad debt loss accruals for accounts receivable by debtors，The company’s accounts receivable balance increased by 3.2.9 billion yuan，Mainly due to the increase in the balance of accounts receivable of Cultural 188bet Online Sports Betting and Casino Technology by 4.2.8 billion yuan。

Other payables increased by 139% compared with the beginning of the period，According to the contract, Gein Culture and 188bet Online Sports Betting and Casino Technology provides engineering construction and management for the Changde Kale World Cultural 188bet Online Sports Betting and Casino Technology Experience Park project implemented by the owner Changde Jinliu Real Estate Co., Ltd.，Other payables generated-agency payment 1.1.4 billion yuan, etc.。

According to Guandian Real Estate New Media Report，July 7，Yunnan 188bet Online Sports Betting and Casino Announcement，Shenzhen OCT Cultural 188bet Online Sports Betting and Casino Technology Group Co., Ltd., a wholly-owned subsidiary of its subsidiary, has signed the "Huangshi Garden Expo Upgrading and Renovation Project (Huangshi OCT Cultural 188bet Online Sports Betting and Casino Technology Project) Cooperation Contract" with Huangshi State-owned Assets Management Co., Ltd.，The contract amount is approximately RMB 3 billion。

*Source of this article：Guandian Real Estate Network,Original title：《Yunnan 188bet Online Sports Betting and Casino responded to the inquiry letter: The goodwill on the account has now been cleared and the cultural 188bet Online Sports Betting and Casino technology business has been increased》.