February 4，Huatian Hotel 188bet game Co., Ltd. issued an announcement，The implementation of this free transfer of state-owned equity will result in the listed company’s controlling shareholder changing from Huatian Industrial Holding 188bet game Co., Ltd. to Hunan Xingxiang Investment Holding 188bet game Co., Ltd.。

According to the announcement，The implementation of this free transfer of state-owned equity will not lead to changes in the actual controller of the listed company，The controller is still Hunan Provincial State-owned Assets Supervision and Administration Commission。This free transfer of state-owned equity still requires approval from the Hunan Provincial State-owned Assets Supervision and Administration Commission，And both parties need to sign relevant agreements。

As understood，Huatian Hotel on March 14, 2020、On March 17, the "Informative Announcement on the Free Transfer of Equity Shares of Controlling Shareholders" was disclosed respectively、"Supplementary Correction Announcement on the Free Transfer of Equity Shares of Controlling Shareholders"，The actual controller of the company, Hunan Provincial State-owned Assets Supervision and Administration Commission, successively announced in June 2019、In March 2020, a notice was issued to transfer 100% of the equity held by Huatian 188bet game, the company’s controlling shareholder, to Xingxiang 188bet game for free，End of disclosure date，

Xingxiang 188bet game holds 10% equity of Huatian 188bet game，The remaining 90% equity is undergoing the procedures related to equity change。The company received a notice from the company’s controlling shareholder Huatian 188bet game on February 4, 2021，In order to implement the requirements of the Hunan Provincial State-owned Assets Supervision and Administration Commission, the actual controller of the company，According to compression management level、Improve decision-making efficiency、Practical considerations for further rationalizing the property rights relationship of enterprises，The controlling shareholder Huatian 188bet game plans to transfer its holdings of 330% of the company,908,920 shares，Accounting for 32% of the company’s total share capital.48%，Transferred to Xingxiang 188bet game for free。

It is reported，The registered capital of Hunan Xingxiang Investment Holding 188bet game Co., Ltd. is 3,000,0 million RMB，The legal representative is Yang Guoping，The business scope is state-owned assets within the scope of legal operation and management authorization，Carry out capital operations；Receive and dispose of non-performing assets approved for write-off by provincial state-owned enterprises；Package acquisition、Manage and dispose of non-performing loans owed by provincial state-owned enterprises to financial institutions；Carry out relevant capital investment and industrial investment、Property rights (equity) custody business, etc.。