April 7，Tempower International issued an announcement to respond to the Shenzhen Stock Exchange’s letter of concern。As understood，Tempower International issued an announcement on March 26，Deliberated and approved by 188bet online casino games’s board of directors，It is planned to apply for reorganization of 188bet online casino games on the grounds that 188bet online casino games cannot pay off its due debts but has reorganization value and possibility，And received a letter of concern from the Shenzhen Stock Exchange。

Announcement display，As of February 28, 2021，188bet online casino games’s current total liabilities are 46.5.7 billion yuan，The most obvious impact on liquidity is financial liabilities，Size approx. 36.3.2 billion yuan (including loan principal and interest)，188bet online casino games’s due financial liabilities that cannot be paid off are 32.6.4 billion yuan。Among them，Some creditors of overdue debts have taken recovery measures。Announcement，188bet online casino games strives to raise funds to repay the above debts，However, due to the above financial debts, it has entered the litigation stage、The scale of asset freeze is large，Resulting in the inability to expand financing methods and channels，Limited financing capacity。

Currently，Tempus International has approximately 34 subsidiary equity interests and 1774.890,000 yuan of bank funds frozen，Total book value of seized properties 1.0.3 billion yuan，The following is the equity freeze situation of 34 188bet online casino games subsidiaries:

In summary，Except for the liquidity generated by the development of main business，188bet online casino games’s own debt burden can no longer be effectively solved through financing methods，The scale of liabilities and the urgency of debt repayment have adverse effects on 188bet online casino games's normal development and orderly repayment of debts，At the same time, 188bet online casino games’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 online casino games is 8.200 million yuan and corresponding interest，Tempus Group is responsible for Rong Yixing’s unpaid debt to 188bet online casino games 21.Provide guarantee of 8.1 billion yuan and corresponding interest，188bet online casino games provides Rong Yixing with a guarantee balance of 3.4.4 billion yuan；The pre-reorganization of Tempus Group may result in 188bet online casino games being unable to fully recover its claims，will cause 188bet online casino games to be unable to pay off its due debts。

Announcement，At present, the court’s acceptance work has not yet reached a clear conclusion，Whether the above acceptance conditions are met、There is still significant uncertainty as to whether the reorganization will be successful，The result of 188bet online casino games’s final reorganization is therefore highly uncertain。If the court and relevant departments decide to approve the reorganization plan，The reorganization investors make capital contributions according to the reorganization plan to implement the reorganization plan，Creditors are paid off according to the reorganization plan。If the reorganization plan cannot be approved by the court，The court will rule to terminate 188bet online casino games's reorganization process and enter 188bet online casino games's bankruptcy liquidation process。If 188bet online casino games is declared bankrupt and liquidated due to failed reorganization，188bet online casino games’s stocks will face the risk of being terminated from listing。Whether entering the reorganization process or not，188bet online casino games will actively carry out daily operation and management work on the basis of the existing。

Same day，Temperature International also issued an announcement saying，As of the disclosure date of this announcement，Verified statistics of bank account freezes by Tempus International Business Services Group Co., Ltd.，Compared with the last announcement，Added 5 frozen bank accounts，Unlock 13 frozen bank accounts。Currently, a total of 131 bank accounts of 188bet online casino games have been frozen，The total book balance of frozen accounts totals RMB 1832.470,000 yuan。The proportion of frozen accounts in 188bet online casino games’s total accounts is 22.90%，The frozen accounts include 14 basic accounts、91 general households、26 dedicated accounts。

According to the announcement，As of now，The frozen accounts are mainly Tempus International Headquarters、Account used by the management entity of Tempus Travel Group Co., Ltd.’s headquarters，The freezing of these accounts will not affect the business development of business entities at all levels，It is not the case that 188bet online casino games’s main bank account has been frozen。188bet online casino games plans to apply to the court for reorganization，Active and Creditors、Communication and negotiation between application executors，Take relevant effective measures，Strive to resolve the matter of bank account freezing as soon as possible，Protect 188bet online casino games’s legitimate rights and interests and normal operations。