October 12，Announcement issued by Shenzhen Overseas Chinese Town Co., Ltd.，Disclosure of progress regarding the repurchase of company 188bet app。

Guandian Real Estate New Media learned，OCT held the 21st extraordinary meeting of the seventh board of directors on March 20, 2020，Deliberated and approved the "Proposal on the Plan to Repurchase Part of Public 188bet app"，Agree that the company can use its own funds to repurchase some of the company's 188bet app through centralized bidding，The repurchase price is no more than 8 yuan/share，The repurchase quantity does not exceed 2.4.6 billion 188bet app，The implementation period is within 12 months from the date the board of directors considers and approves the share repurchase plan。

As of September 30, 2020，OCT’s special securities account through repurchase，A total of 1 repurchased through centralized bidding.4.4 billion 188bet app，1% of the company’s total share capital as of September 30, 2020.75%，The highest transaction price is 6.50 yuan/share，The lowest transaction price is 5.84 yuan/share，The total amount paid is 8.9.9 billion yuan (excluding transaction fees)。

It is reported，All the 188bet app repurchased this time will be used to implement the OCT Equity Incentive Plan。OCT stated，If the aforementioned purpose cannot be implemented within 36 months after the completion of the share repurchase，The unused portion will be canceled or made another arrangement after completing relevant approval procedures。

*Source of this article: Guandian Real Estate Network,Original title: "OCT has repurchased a total of 1 188bet app of the company.4.4 billion 188bet app, total payment amount is about 900 million yuan》.