January 30，Beijing BTG Hotels (Group) Co., Ltd. (hereinafter referred to as "BTG Hotels") releases 2020 annual performance reduction announcement。

Announcement display，From January 1, 2020 to December 31, 2020，BTG Hotel expects the net profit attributable to 188bet online sports betting shareholders of listed companies to be a loss of 4 in 2020.100 million to 4.900 million yuan，12 less than in 2019.95 yuan to 13.7.5 billion yuan；The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses is a loss of 5.200 million to 5.900 million yuan，13 decrease compared with 2019.3.6 billion to 14.0.6 billion yuan。

In comparison，The net profit attributable to 188bet online sports betting shareholders of listed companies disclosed in the 2019 annual report is 8.8.5 billion yuan，Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses8.1.6 billion yuan。

About the reasons for changes in performance，Announcement，The outbreak of new coronavirus pneumonia at home and abroad in 2020 and the implementation of related prevention and control measures，Having a greater impact on the hotel industry，Causing the company to suffer a large loss in the first half of the year。Under the normalization of epidemic prevention and control in the second half of 2020，The company strives to improve operating efficiency、Reducing costs and increasing efficiency、Seize the income，Actively make business and product adjustments，Realized profit in the second half of the year，It is expected that the net profit attributable to 188bet online sports betting shareholders of listed companies for the whole year of 2020 will be a loss4.100 million to 4.900 million yuan。

For the company’s response measures to the epidemic，Announcement，The 2020 COVID-19 epidemic has had a serious impact on the operations of the 188bet online sports betting hotel industry，The company’s management is facing a severe external situation，On the one hand, we have a keen understanding of market demand，The first "safe hotel" product in the industry，Upgraded 24 special cleaning standards and added 59 new epidemic prevention cleaning measures，It has effectively promoted the resumption of work and production in the entire society。On the other hand, we actively explore the market，Pay close attention to endogenous growth，Expansion against the trend，In terms of system、Continue to promote deepening reforms in terms of personnel，Determined to speed up store openings throughout the year，Successfully achieved a record high number of new stores opened this year。At the same time，The company quickly implements various national support policies，Actively control costs，Expand financing channels，Through More Digital Marketing，The company’s business trend is gradually improving。