April 2，Qujiang Cultural Tourism Announcement，In view of Xi’an Qujiang Cultural Industry Investment (Group) Co., Ltd. (the company’s controlling shareholder and parent company，Hereinafter referred to as: Cultural Industry Group) and members of the Jingzhou Jinan Ecological and Cultural Tourism Zone Management Committee (hereinafter referred to as: Jinan Cultural Tourism Zone Management Committee) cooperate to develop Jingzhou Chu Cultural Industrial Park (Chu Palace) in Jingzhou Jinan Ecological and Cultural Tourism Zone ) project (hereinafter referred to as: Chu Palace Project) has reached an agreement and has signed the "Jingzhou Chu Cultural Industrial Park (Chu Palace) Project Cooperation Agreement"。

In order to achieve coordinated 188bet Online Sports Betting and Casino development with the cultural industry group，Actively expand the company’s main business，Export the company’s scenic spot operation and management experience，Expand main business income，The company plans to enter into an agreement with Jingzhou Jinan Cultural Industry Investment Co., Ltd. (hereinafter referred to as: Jinan Cultural Investment，Cultural Industry Group Holdings Subsidiary，Company related party)、Jingchu Cultural Industry Investment Group Co., Ltd. (hereinafter referred to as: Jingchu Cultural Group) signed the "Jingzhou Chu Cultural Industrial Park (Chu Palace) Project Investment Cooperation Agreement"，Jointly established Jingzhou Jinanchu Cultural Industrial Park Investment Co., Ltd.，The joint venture company is responsible for the planning of the Chu Palace project、Investment and Construction。

The registered capital of the joint venture is RMB 500 million.Among them，Jinan Cultural Investment invested in the form of monetary funds 2.0.5 billion yuan，Accounting for 41% of registered capital;The company invested 50 million yuan in the form 188bet Online Sports Betting and Casino of monetary funds，10% of registered capital;Jingchu Culture Group invested in the form of monetary funds 2.4.5 billion yuan，Accounting for 49% of registered capital。The company and Jinan Wentou are persons acting in concert。The company will obtain the operation and management rights of the Chu Palace project for 15 years，Responsible for the operation and management of the Chu Palace project。

Announcement display，The total investment of the Chu Palace project is tentatively set at 1.2 billion yuan，The Jinan Cultural Tourism District Management Committee invested no less than RMB 700 million in transferred government assets during the project development and construction process。The overall investment in the Chu Palace project exceeds 1.2 billion yuan，The excess portion will be financed by the joint venture company。

188bet app thisWen LaiSource: Zhitong Finance, original title: "Qujiang Cultural Tourism(600706.SH) plans to participate in the establishment of a joint venture company to be responsible for the operation and management of the Chu Palace project》.