December 19，China Youth Travel Service issued an announcement on providing guarantees for its holding subsidiaries。Announcement，China CYTS will 188bet mobile RMB 200 million for Beijing CYTS Chuange Technology Co., Ltd.，The actual 188bet mobile balance provided for it reaches RMB 19.500 million yuan (including this 188bet mobile)。The company’s period from the 2019 Annual General Meeting of Shareholders to the 2020 Annual General Meeting of Shareholders，It is expected to provide subsidiaries and affiliated companies with no more than RMB 25.A 188bet mobile of 5.5 billion yuan and providing air ticket agency qualification 188bet mobile and BSP counter 188bet mobile for the company's various travel agency holding subsidiaries。

According to the announcement，Recently，Beijing CYTS Chuange Technology Co., Ltd. applied for a comprehensive bank credit line of RMB 200 million from Hua Xia Bank Co., Ltd. Beijing Jianguomen Branch。The company signed the "Maximum 188bet mobile Contract" with Beijing Jianguomen Branch of Hua Xia Bank Co., Ltd.，Provide 188bet mobile for the bank’s comprehensive credit line of RMB 200 million。Beijing Zhongshengyi Management Consulting Co., Ltd. serves as a minority shareholder of Beijing CYTS Chuangge Technology Co., Ltd.,Provides counter-188bet mobile for this 188bet mobile based on 10% of the equity it holds in CYTS Chuange。

As understood，Beijing CYTS Chuange Technology Co., Ltd.，is a 90%-controlled subsidiary of CYTS，Registered capital 10,0 million yuan，The registered address is 8th Floor, Pan Asia Building, No. 128 Zhichun Road, Haidian District, Beijing，Legal representative Chai Hao，The business scope is Internet information service business；Retail domestic edition books、Electronic Publication；Technology Development、Technology transfer、Technical consultation、Technical Service；Selling electronic products、Communication Equipment、Mechanical and electrical equipment；Import and export of goods、Technology Import and Export、Import and export agent；Labor dispatch；Computer technology training, etc.。As of September 30, 2020，Total assets 22.8.9 billion yuan，Total liabilities 20.7.7 billion yuan，Asset-liability ratio 90.75%，Total current liabilities 20.7.7 billion yuan，Net worth 2.1.2 billion yuan。Achieved operating income of 27 in the first three quarters of 2020.5.8 billion yuan，Net profit 1,981.010,000 yuan。