January 25，China Travel Service Hong Kong issued an announcement saying，The company signed a property rights transaction contract with Dengfeng，With 2.Transfer 51% equity of CTS Hong Kong (Dengfeng) Songshan Shaolin Cultural 188bet mobile login Co., Ltd. at a price of 5.5 billion yuan。

Announcement display，China Travel Service (Dengfeng) Songshan Shaolin Cultural 188bet mobile login Co., Ltd.，A limited company incorporated in China，China Travel Service Hong Kong and Dengfeng hold 51% and 49% of the shares respectively。As of the date of this announcement，Dengfeng holds 49% of the shares of Songshan Company，And the major shareholder of the company’s non-significant subsidiaries。From this point of view，Songshan Company was taken over by another shareholder。

As understood，Dengfeng is a wholly state-owned enterprise registered in China，is a wholly-owned subsidiary of Dengfeng State-owned Assets Service Center, a Chinese state administrative unit，Dengfeng is mainly engaged in the operation and management of scenic spots、188bet mobile login reception、188bet mobile login-related trade and scenic spot project development business。

Previously，During the period from November 10, 2020 to December 7, 2020，China 188bet mobile login Kong publicly listed the sale of target equity and Songshan Company shareholder loans on the website of Beijing Equity Exchange，At the expiration of the initial public listing period，Still unable to recruit qualified intended transferees。On December 10, 2020 (after the expiration of the initial public listing)，Songshan Company has repaid the shareholder loan of Songshan Company to China Travel Service (HK) of approximately RMB 63,143,130 yuan。

After，China 188bet mobile login Kong has decided to conduct a second public listing from December 16, 2020 to January 13, 2021 and lower the bid，And once again publicly listed the target equity for sale on the website of Beijing Equity Exchange。final，On January 25, 2021，Our company has entered into a property rights transaction contract with Dengfeng，Agreed to sell and Dengfeng agreed to acquire target equity，The consideration is RMB 255,112,200 yuan。

Announcement，The reason for the sale of CTS Hong Kong is due to the impact of the new coronavirus pneumonia epidemic，Songshan Company’s operations resumed relatively slowly，Songshan Company’s revenue in 2020 dropped significantly compared with last year，From profit to loss。The sale will help the Group optimize its asset portfolio of natural and 188bet mobile login scenic spots，Improve asset turnover rate and increase cash return，Further improve the company's sustainable development level。According to comprehensive financial information，As of December 31, 2019，Songshan Group’s total assets in 2018 were 53.730,000 yuan，Net worth is 40.770,000 yuan；And the total assets in 2019 were 59.300,000 yuan，Net worth is 42.060,000 yuan。