Jinjiang Capital (02006-HK) announced，Approved by the Board of Directors，The company decided not to participate in the subscription of new A shares issued by Jin Jiang Hotel。According to Jin Jiang Hotel’s plan for this issuance，Jin Jiang Hotel plans to issue 1.Not more than 500 million shares (inclusive) of A shares to raise funds not exceeding 5 billion yuan (RMB.The same below) (including the original number)。

The net amount is all used for the following projects: 3.5 billion yuan of which is used for hotel decoration and upgrade projects；1.5 billion yuan used to repay loans 188bet sports betting app download from financial institutions。 The issuance price shall not be less than 80% of the average trading price of Jin Jiang Hotels’ A shares in the twenty trading days before the pricing base date。

According to the upper limit of the number of shares issued this time 1.Estimation of 500 million A shares，After the completion of this issuance，The company’s shareholding ratio in Jin Jiang Hotel will be increased from 50.32% down to 43.50%，However, this issuance will not result in a change in the control of Jin Jiang Hotel。After the completion of this issuance，Jin Jiang Hotel remains a subsidiary of the company。

Jinjiang Hotel’s non-public issuance is all in the form of non-public issuance to specific targets，Jinjiang Hotel will be issued at an appropriate time within the validity period approved by the China Securities Regulatory Commission。

This issuance of Jinjiang Hotel is a non-public issuance for specific targets，Issuance targets no more than 35 (inclusive) specific investors，Including 188bet app securities investment fund management companies that meet the prescribed conditions、Securities Company、Trust Investment Company、Finance Company、Insurance Institutional Investors、Qualified foreign institutional investors and other qualified investors and natural persons。Securities Investment Fund Management Company、Securities Company、Qualified foreign institutional investor、Subscribed by RMB qualified foreign institutional investors with more than two funds managed by them，Considered as a release object。Trust investment company as the target of issuance，You can only subscribe with your own funds。

188bet online sports betting ：《Jinjiang Capital (02006-HK): Jinjiang Hotel plans to issue A shares to raise no more than 5 billion yuan》.