December 2，Sante Cableway issued an announcement on signing a strategic cooperation agreement with Tongcheng Yilong，Both parties are equal and voluntary、Mutual benefit and win-win、Complementary advantages、Long-term cooperation” is the principle，Build a comprehensive strategic partnership。This "Strategic Cooperation Agreement" is a framework agreement，No specific amount involved。

Announcement display，Both parties plan to invest in equity、Fund investment、Cultural 188bet sports betting project investment and development、M&A and reorganization of cultural 188bet sports betting projects、In-depth cooperation in product and business innovation and other aspects。Rely fully on Tongcheng Yilong’s mature travel booking service platform and massive data traffic，Empowering the Sante Cableway to become a comprehensive and diversified cultural 188bet sports betting project across the country，Provide humanization to users、Personalization、Professional travel services and experience，Promoting the development of the cultural 188bet sports betting market，Helping enterprises achieve sustainable and healthy development。

Announcement，The company signed a "Strategic Cooperation Agreement" with Tongcheng Yilong this time，Conducive to the integration of resources between both companies、Innovative product formats，Create space for future development，However, the company’s financial status for this year and future years、There will be no significant impact on operating results for the time being。The performance of this contract will have no impact on the company’s business independence，The company’s main business will not become dependent on the counterparty due to the performance of the contract。

According to the financial report，The third quarter of 2020，Tongcheng Yilong achieves revenue of 19.1.5 billion yuan，Monthly increase of 59.5%；Adjusted net profit is 3.7.3 billion yuan，Monthly increase of 89.9%；Adjusted net profit margin 19.5%，Restore to the level of the same period last year。