February 5，HNA Innovation Co., Ltd. issued an announcement on the signing of the "Cooperation Framework Agreement"。Announcement，HNA Innovation Co., Ltd.、The company's controlling shareholder HNA 188bet game Group Co., Ltd. and Zhejiang Zhongqi Industrial Co., Ltd. signed a "Cooperation Framework Agreement"。HNA 188bet game and Zhejiang Chinese Enterprises intend to cooperate at the company equity level，Promote the good operation of the company；The three parties to the agreement intend to conduct strategic cooperation in the fields of cultural 188bet game such as sports events，Jointly promote the development and operation of Jiulongshan Tourist Resort in Pinghu City。

As understood，Zhejiang Zhongqi Industrial Co., Ltd. was established on August 5, 2015，Registered capital is 50.08 million yuan，Their business scope is rural folk crafts and products、Development and management of leisure agriculture and rural 188bet game resources；Hotel Management；Organize cultural and artistic exchange activities；Elderly Care Services；Rehabilitation assistive device adaptation service；Amusement Park Services；Sports Security Organization；Leisure and sightseeing activities, etc.。As of January 31, 2021，Zhejiang Zhongqi’s total assets are RMB 4,999.08 million yuan，Net assets RMB 999.030,000 yuan。

It is reported，HNA 188bet game Group Co., Ltd. was established on March 20, 2002，Registered capital is 1750,0 million yuan，The business scope is hotel project development、Management；188bet game project investment and management；Decoration and renovation project；Building materials、Household appliances、Electronic products、Sales of communication equipment。HNA 188bet game is the controlling shareholder of HNA Innovation Co., Ltd.，Holds 180 tradable A shares of the company,065,443 shares，Shareholding ratio 13.81%，The largest shareholder of HNA Innovation。

According to the announcement，This strategic cooperation will help promote the good operation of the company and the development and operation of Jiulongshan Tourist Resort in Pinghu City。Since this agreement is a framework agreement，The impact on the company’s operating performance cannot be determined at the moment。