March 19，Huawen Group issued an announcement，The company and Lhasa Jin Yisheng Enterprise Management Co., Ltd. (referred to as "Jin Yisheng")、Sanya Huitu Cultural Tourism Investment Development Co., Ltd. (referred to as "Sanya Huitu") signed the "Sanya Huitu Cultural Tourism Investment Development Co., Ltd. Equity Transfer Agreement" in Haikou City on March 19, 2021，The company pays 8 in cash,265.Purchase Sanya Huitu 6 held by Jin Yisheng at a price of 670,000 yuan,000.million paid-in capital (corresponding to 24.00% equity)。

After the completion of this equity delivery，The company is a shareholder of Sanya Huitu 94.00% shareholders，Jin Yisheng is no longer a shareholder of Sanya Huitu。

Company representation，This transaction will help strengthen the company’s control over Sanya Huitu。Currently，The company 188bet app is actively promoting the filling of Phoenix Ridge in Sanya、Upgrade and renovation project，And start project development and construction、Foreign cooperation matters，Planned to create the commanding heights of Sanya tourism、Sanya’s new tourist destination。

Announcement display，The following related transactions occurred between Huawen Group and its subsidiaries and Jin Yisheng and its affiliated companies within twelve consecutive months。

April 2020，The company pays 500 in cash.Purchase Sanya Huitu 500 held by Ningbo Huidu at a price of 0.0 million.million paid-in capital (corresponding to 2.00% equity)，And assist Ningbo Huidu in resolving historical issues that arose during its period as the controlling shareholder of Sanya Huitu，Related transactions constituting joint investment with Jin Yisheng。

November 2020，The company pays 2 in cash,000.Purchase Sanya Huitu 1 held by Jin Yisheng at a price of 0.0 million yuan,500.million paid-in capital (corresponding to 6.00% equity)。

December 2020，The company’s wholly-owned subsidiary Beijing Guoguang Guangrong Advertising Co., Ltd. (hereinafter referred to as “Guoguang Guangrong”) and the company’s actual controller Guoguang Holdings’ holding subsidiary 188bet Online Sports Betting and Casino and the company’s joint-stock company Guoguang United Cultural Development (Beijing) Co., Ltd. ( (hereinafter referred to as "Guangdong United")

Signed the "Framework Cooperation Agreement" in Beijing，The total amount paid by Guoguang Guangrong to Guoguang United shall not exceed 872.million yuan，As a part of the cooperation period from April 1, 2020 to December 31, 2021, Guangdong Guangrong entrusted Guangdong United to produce advertising programs on the China Central Radio and Television Station Jinqu FM (HIT FM) broadcast、Produce and broadcast advertisements on the new media platform account of Guoguang United、All costs incurred for hosting an in-person event。

December 2020，The company and Guoguang Huineng (Wuhan) Cultural Investment Management Co., Ltd. (hereinafter referred to as "Guoguang Huineng")、Yixin Xinrong (Beijing) Investment Management Co., Ltd. (hereinafter referred to as "Yixin Xinrong") signed the "Equity Transfer Agreement"，Buy non-related items for 1 yuan

Guoguang Huineng 7 held by Lianfang Yixin Xinrong.million paid-in capital and 1,393.million yuan investment right (total corresponding to 35.00% equity)，Related transactions constituting a joint investment with Guoguang Holdings。

Announcement，Add the transaction amount related to the same transaction object within 12 months 188bet online sports betting before this transaction 2,500.million yuan，The cumulative amount of related-party transactions between Huawen Group and its subsidiaries and Jin Yisheng and its affiliates related to the same transaction subject within twelve consecutive months is 10,765.670,000 yuan，Accounting for 527 of the company’s audited net assets attributable to shareholders of listed companies in 2019,382.470,000 yuan 2.04%。The cumulative amount of related-party transactions between the company and its subsidiaries and Jin Yisheng and its affiliates within twelve consecutive months will not exceed 13,030.670,000 yuan，Accounting for 527 of the company’s audited net assets attributable to shareholders of listed companies in 2019,382.470,000 yuan 2.47%。