January 29，Zhangjiajie 188bet sports betting Group Co., Ltd. (hereinafter referred to as "Zhangjiajie") releases 2020 performance forecast。Announcement display，From January 1, 2020 to December 31, 2020，Zhangjiajie is expected to achieve revenue 1.5-1.800 million yuan，The net profit attributable to shareholders of the listed company is expected to be a loss of 75 million-1.0.5 billion yuan，The net profit after deduction is a loss of 90 million-1.200 million yuan。In comparison，Last year’s net profit and non-net profit were 11.06 million and 5.26 million respectively。

Affected by the new coronavirus epidemic，The 188bet sports betting industry has been severely impacted，The number of tourists and operating income of Zhangjiajie’s companies has dropped sharply。According to Zhangjiajie’s previously announced results for the first three quarters，The company’s operating income in the first three quarters 1.0.4 billion yuan，3 compared with the same period last year.2.4 billion yuan decreased by 2.200 million yuan，Decrease by 67.82%；Realized net profit attributable to shareholders of listed companies-5982.130,000 yuan，3982 compared with the same period last year.290,000 yuan reduced by 9964.420,000 yuan，Reduction by 250.22%；Achieve net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses-7073.770,000 yuan,3400 compared with the same period last year.360,000 yuan reduced by 10,474.130,000 yuan,Reduction by 308.03%。

The continued impact of the epidemic has forced Zhangjiajie to take measures to protect business and reduce operating costs。January 11，Zhangjiajie 188bet sports betting Group is a wholly-owned subsidiary of Baofeng Lake Company、Yangjiajie Cableway Company’s external guarantee balance is 9,0 million yuan，Accounting for 5% of the company’s latest audited net assets.61%。

Previously last August，The Zhangjiajie Board of Directors reviewed and approved the "Proposal on the Proposed Liquidation and Cancellation of the Holding Subsidiaries"，Agreed to liquidate and cancel the company’s holding subsidiary An Zhangjiajie Zhonggongmei 188bet sports betting Cultural and Creative Company。As ​​understood，At present, cultural and creative companies are still unable to reverse their losses，And the loss situation has a tendency to worsen，Liquidation and cancellation of cultural and creative companies，Helps the company stop losses in time，Reduce the risk of further losses，Conducive to enhancing the company's sustainable development capabilities，In line with the company’s mid- to long-term interests and the interests of the majority of shareholders。