Executive News March 24，*ST jointly issued an announcement saying，CITS United intends to transfer 2 of the company’s receivables from Xiamen Contemporary Asset Management Co., Ltd.,0 million yuan of debt transferred to Jiangxi 188bet online sports betting Group Co., Ltd.，The company is expected to receive the relevant transfer funds before March 31, 2021。

According to the announcement，To solve the problems of contemporary asset management for companies 2,0 million yuan of non-operating funds occupied，Eliminate the impact of this matter on 188bet online sports betting，Protect company interests，After negotiation with the controlling shareholder Jianglv Group，188bet online sports betting plans to adopt a non-public agreement transfer method，United CITS with Contemporary Asset Management’s 2,0 million debt，With 2,Transferred to Jianglv Group for a price of 0 million。

Previously，on July 6, 2018，CITS United and Contemporary Asset Management signed the "Equity Transfer Agreement on Zhongnong Guolian Cold Chain Logistics Co., Ltd."，It was agreed that CITS United will transfer its 49% stake in Zhongnong Guolian Cold Chain Logistics Co., Ltd. to 2,Transferred to Contemporary Asset Management at a price of 0 million yuan。August 24, 2018，CITS jointly completed the transfer of 49% equity of Zhongnong Guolian to Contemporary Asset Management，But until the transaction payment deadline，Dangdai Asset Management did not pay CITS United 2,0 million yuan equity transaction price，Formation of contemporary asset management and CITS alliance 2,0 188bet online sports betting non-operating funds occupied。

As understood，Jianglv Group is the company’s controlling shareholder，Holds 98 shares of the company,803,000 shares，Accounting for 19% of the company’s total share capital.57%，is a related party of the company，This transaction constitutes a related transaction。Jianglv Group was established on November 18, 2014，Its registered capital is 1.3 billion yuan，Business scope includes 188bet online sports betting and related industries；Investment and investment management consulting，International and domestic trade, etc.。

Same day，CITS United received the "Regulatory Letter on Matters Related to Corporate Governance of CITS United Co., Ltd." issued by the Shanghai Stock Exchange's Listed Company Supervision Department II，And impose regulatory requirements on 188bet online sports betting。At the same time，188bet online sports betting is requested to disclose this letter immediately after receiving it。

According to the announcement，188bet online sports betting plans to transfer 2 of Contemporary Asset Management through non-public agreement transfer,0 million debt is transferred to the controlling shareholder Jianglv Group。Please verify with 188bet online sports betting and controlling shareholders，Are there any other unresolved fund occupations、Problem of illegal guarantee。if exists，Please disclose the relevant situation and proposed solutions as soon as possible。

According to announcement，188bet online sports betting passed equity acquisition in 2017、Acquired 51% equity of Beijing Fan Technology Co., Ltd. through capital increase，Incorporate it into a business combination not under common control。Early period，188bet online sports betting discloses the original controlling shareholder of Fans Technology、Directors and senior executives did not hand over their seals and certificates to 188bet online sports betting，There is a problem in the handover of work between the two parties；At the same time, the two parties had disputes over 188bet online sports betting's failure to fulfill its capital increase obligations in accordance with the agreement and Fan Technology's failure to complete its 2018 performance commitments。In response to the above situation，Please ask 188bet online sports betting and the annual audit accountant to perform necessary tasks、Doable、Targeted audit procedures，Fully assess and explain the impact of the above situation on the 2020 annual report of listed companies，Issue an appropriate audit opinion。