February 26，Tibet 188bet app Co., Ltd. (hereinafter referred to as "Tibet 188bet app") releases the audited 2020 performance announcement。

Announcement，Tibet 188bet app achieves operating income in 2020 1.2.6 billion yuan，1 compared with the same period last year.8.8 billion yuan, a decrease of 62 million yuan，33% reduction。Net profit attributable to shareholders of the parent company is 474.300,000 yuan，2084 compared to the same period last year.240,000 yuan reduced by 77.24%，The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses is a loss of 2505.200,000 yuan。

Announcement，During the reporting period，Company sales expenses 623.220,000 188bet app，1359 compared with the same period last year.700,000 188bet app reduced by 736.480,000 188bet app，Reduced by 54.16%，Sales expense ratio 4.95%，7 compared to the same period last year.24% reduction 2.29 percentage points，The main reason is due to the impact of the epidemic，The company during the 2020 Linzhi Peach Blossom Festival and other important festivals，Reduced marketing and promotion activities outside the region；Management fee is 5409.540,000 188bet app，6904 compared to the same period last year.420,000 188bet app reduced by 1494.870,000 188bet app，Reduced by 21.65%。

Announcement display，The main reason for the decline in performance is the impact of the epidemic，The company vigorously promotes cost reduction and efficiency improvement measures，The benefits are more obvious；During the reporting period，The company’s financial expenses are 441.260,000 188bet app，181 compared with the same period last year.650,000 188bet app increase 259.610,000 188bet app，Added 142.91%，The main reason is the increase in bank loans。

Affected by the epidemic， Tibet 188bet app’s Tourist Reception Decline in 2020。Announcement，All scenic spots of the company will be closed from late January to late March 2020，Spring Festival、Tibetan New Year、No tourists will be received during the Linzhi Peach Blossom Festival；Local 188bet app resumes in April 2020，Restricted by factors such as the small base of local tourists in Tibet，The number of tourists in various scenic spots has recovered slowly；With the gradual opening of inter-provincial 188bet app in July 2020，Although the number of tourists received by the company’s Linzhi scenic spots has rebounded rapidly since late July，However, the order volume throughout the year still decreased compared with the previous year；Sacred Mountain in Ali Region、The Holy Lake Scenic Area is affected by factors such as the Pulan Port not being opened，Visitor reception dropped significantly throughout the year。

Financial report display，The main business of Tibet 188bet app includes recreational 188bet app destination operation and media culture, etc.。The operation business of recreational 188bet app destinations mainly includes natural and cultural tourist attractions、Development and operation of health care complex project，As well as short-distance passenger transportation services between scenic spots and surrounding major transportation nodes, etc.。The scenic spots currently operated by the company are mainly located in Linzhi and Ngari areas of the Tibet Autonomous Region，The scenic spots in Linzhi area include the Yarlung Zangbo Grand Canyon、Benzuri、Basongcuo (passenger transport、Boat tour business) and Lulang Sea of ​​Flowers Pastoral Area，There are sacred mountains in the scenic spots in Ali area、Holy Lake Scenic Area，Among them, the Brahmaputra Grand Canyon、Basongcuo Scenic Area is a national 5A-level scenic spot，Sacred Mountain、The Holy Lake Scenic Area is a national 4A-level scenic spot。At the same time，The company is located in the Longhu Mountain Scenic Area in Yingtan, Jiangxi，Operates the "Daoyang Town·Guyue Water Street" project。