Zhihui News March 26，Tempower International announced，Deliberated and approved by 188bet mobile’s board of directors，It is planned to use the reason that 188bet mobile cannot pay off its due debts but has reorganization value and possibility，Apply to the people’s court with jurisdiction to reorganize 188bet mobile，This matter still needs to be reviewed by the shareholders’ meeting。There is still significant uncertainty as to whether this application will ultimately succeed, that is, whether the court will rule to enter the reorganization procedure。

According to the announcement，188bet mobile’s shares may face the risk of being delisted if the court rules to accept 188bet mobile’s reorganization application，Shenzhen Stock Exchange will implement a delisting risk warning for 188bet mobile’s stock trading。If 188bet mobile is declared bankrupt and liquidated due to failed reorganization，According to Article 10 of the "Shenzhen Stock Exchange GEM Stock Listing Rules".4.Provisions of Article 17 (6)，188bet mobile’s stocks will face the risk of being terminated from listing。

As understood，As ​​of September 30, 2020，Company total assets 58.3.1 billion yuan，Total liabilities 49.5.2 billion yuan，As of March 5, 2021，The amount involved in the lawsuit is 38.4.9 billion yuan。on March 9, 2021，According to 188bet mobile’s disclosure announcement，188bet mobile’s controlling shareholder Tempus Group Co., Ltd. initiated the pre-reorganization process。As of December 31, 2020，The unpaid equity transfer amount due to Tempus Group acquiring the equity of Shenzhen Qianhai Rongyixing Small Loan Co., Ltd. from 188bet mobile is 8.200 million yuan and corresponding interest，Tempus Group is responsible for Rong Yixing’s unpaid debt to 188bet mobile 21.Provide guarantee of 8.1 billion yuan and corresponding interest，188bet mobile provides guarantee balance of 3.4.4 billion yuan；The pre-reorganization of Tempus Group may result in 188bet mobile being unable to fully recover its claims，will cause 188bet mobile to be unable to pay off its due debts。

It is reported，If the court accepts this reorganization application，Enter the reorganization process in accordance with the law，Develop a company reorganization plan within the prescribed time limit in accordance with the law。If the court and relevant departments decide to approve 188bet mobile，The reorganization investors make capital contributions according to 188bet mobile to implement 188bet mobile，Creditors are paid off according to 188bet mobile，The company successfully restructured according to 188bet mobile，Will improve the company’s asset and liability structure，Improve the company’s asset quality。If 188bet mobile cannot be approved by the court，The court will rule to terminate the company's reorganization process and enter the company's bankruptcy liquidation process。Whether entering the reorganization process or not，The company will actively carry out daily operation and management work on the existing basis。