April 7，Lushang Development (600223) announced，Shandong Lushang Real Estate Co., Ltd., a wholly-owned subsidiary of the company、Shandong Lushang Rural Revitalization Industry Fund Partnership (Limited Partnership) and employee co-investment platform established a joint venture in Tai'an City，The registered capital of the joint venture is RMB 600 million，Including: Shandong Lushang Real Estate Co., Ltd. invested 188bet app download RMB 95 million，Hold 15.83% equity；Lushang Rural Revitalization Industry Fund invested RMB 500 million，Hold 83.34% equity；Employees invested RMB 5 million in the investment platform，Hold 0.83% equity。

According to reports，The business scope of Shandong Lushang Rural Revitalization Industry Fund Partnership includes，Engage in equity investment with private equity funds、Investment Management、Asset management and other activities。Among them，Shandong New Kinetic Energy Fund Management Co., Ltd. invested 750 million yuan，30%；Shandong Provincial Commercial Group Co., Ltd. invested 500 million yuan，20%；Shandong Lushang Intelligent Technology Co., Ltd. invested 465 million yuan，Accounting for 18.6%；Lushang Equity Investment Fund Management Co., Ltd. invested 2500 Ten thousand yuan, accounting for 1%.

Announcement，The company established through this cooperation is to integrate internal and external resources，Jointly develop health and cultural tourism projects，for listing Guarantee for the company’188bet sports betting app download s sustainable development，In line with the overall interests of the company，No damage to the rights and interests of the company and other shareholders。