March 15，Tempower International announced，The third (emergency temporary) meeting of the fifth board of directors held on January 28, 2021 reviewed and approved the "Proposal on the Company's Foreign Investment to Establish a Joint Venture"，The company plans to cooperate with Hunan Maisui Culture Media Co., Ltd.、Anhui Laofenghuang Holdings Co., Ltd. signed the "Cooperation Agreement on the Establishment of a Joint Venture Company"，The three parties agreed to jointly invest in the establishment of a joint venture，To carry out live streaming、E-commerce and related business。

According to the announcement，Total investment in 188bet Live Casino is RMB 300 million，Tempower International or its subsidiaries subscribed RMB 13,5 million yuan，Accounting for 45% of the total registered capital of 188bet Live Casino company；Maisui Culture subscribed RMB 12,0 million yuan，Accounting for 40% of the total registered capital of 188bet Live Casino；Lao Fenghuang subscribed RMB 4,5 million yuan，Accounting for 15% of the total registered capital of 188bet Live Casino company。Their business scope includes online trade；E-commerce；Online business live streaming；Database Service、Database Management；Cultural and entertainment brokerage services, etc.。

As understood，Shenzhen Tengbang Business 188bet Live Casino Co., Ltd., a subsidiary of the company, is stipulated in the "Cooperation Agreement on the Establishment of a Joint Venture"，As of the date of this announcement, 4 funds have been invested,5.5 million yuan。