April 2，Qujiang 188bet game 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 188bet game Zone Management Committee (hereinafter referred to as: Jinan 188bet game Zone Management Committee) cooperate to develop Jingzhou Chu Cultural Industrial Park (Chu Palace) in Jingzhou Jinan Ecological and 188bet game 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 development with the 188bet game 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 188bet game Industry Investment Co., Ltd. (hereinafter referred to as: Jinan 188bet game Investment，188bet game Industry Group Holdings Subsidiary，Company related parties)、Jingchu 188bet game Industry Investment Group Co., Ltd. (hereinafter referred to as: Jingchu 188bet game Group) signed the "Jingzhou Chu 188bet game Industrial Park (Chu Palace) Project Investment Cooperation Agreement"，Jointly established Jingzhou Jinanchu 188bet game 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 188bet game 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 of monetary funds，Accounting for 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 188bet game District Management Committee will invest 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。

*this文来Source: Zhitong Finance, original title: "Qujiang 188bet game(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》.