Executive News March 31，Huatian Hotel announced，The board of directors recently received a written resignation report submitted by Ren Xiaobo, the company’s executive deputy general manager。Ren Xiaobo due to work adjustment，Applying to resign from the position of executive deputy general manager of the company。At the same time，The board of directors reviewed and approved the "Proposal on Appointing the President of the Company"，Agree to appoint Ren Xiaobo as the company’s president。As understood，As of the disclosure date of this 188bet sports betting app download announcement，Mr. Ren Xiaobo does not hold shares in the company。

According to the announcement，Ren Xiaobo，Male，Born in 1968，Central South University MBA，Bachelor’s degree in International Finance, China Institute of Finance (University of International Business and Economics)。Formerly worked as a trader in the Treasury Department of the International Business Department of the Agricultural Bank of China Head Office、Chief Trader、Director of Foreign Exchange Trading Room；General Manager of Hunan Provincial People’s Government Administrative Affairs Bureau Hunan Jinfan Economic Development Company (owned by the whole people)；Managing Director of Changsha Jinhailin Real Estate Development Co., Ltd.；Chairman (concurrently) of Changsha Jinhailin Construction and Decoration Co., Ltd.；Executive Deputy General Manager of Beijing Hongkun Real Estate Development Co., Ltd.、General Manager；Managing Director of North Tonghe Holdings Co., Ltd.188bet online sports betting ；General Manager (concurrently) of Henan Xubo Expressway Development Co., Ltd.；Vice Chairman and General Manager (concurrently) of Inner Mongolia Xingtuo Heavy-Duty Expressway Co., Ltd.；Chairman (concurrently) of Inner Mongolia Xingtuo Coal Logistics Co., Ltd.；Managing Director of Changsha Jinhuakang Real Estate Development Co., Ltd.；Managing Director of Beijing Modas Investment Co., Ltd.；Executive Deputy General Manager of the Company。

According to Huatian Hotel’s 2020 performance forecast，The company is expected to lose money last year 4.500 million yuan-5.900 million yuan，Decreased by 995 compared with the same period last year.88%- 1264.64%，Profit 5,0.23 million yuan。Loss after deducting non-recurring gains and losses 4.700 million yuan-600 million yuan，Decreased by 80 compared with the same period last year.60%- 133.04%，Loss 2.5.7 billion yuan。