April 23，According to disclosure from the Hong Kong Stock Exchange，China Cultural 188bet game Group Co., Ltd. (hereinafter referred to as，China Cultural 188bet game)’s prospectus has become “invalid”。It is reported，This is the second time China Cultural 188bet game has submitted an invalid prospectus。

The prospectus also shows，China Cultural 188bet game was established in 2018，Positioned as a cultural 188bet game property developer，Mainly engaged in resort property development in cultural tourist resorts，Provide services related to cultural 188bet game destinations (including hotel services、Attraction consulting services and attraction management services)、Hotel consulting and management services and travel agency services。But actually，Discovered by Beijing Business Daily reporter，Until last year，80% of China Cultural 188bet game’s main income comes from the real estate business segment，The cultural 188bet game sector accounts for a very small proportion。

The prospectus also shows，2017-2019，China Cultural 188bet game achieved revenue 1.8.6 billion yuan、3.3.5 billion yuan、7.3.6 billion yuan，Among them sales of vacation properties are 1.8.6 billion yuan、2.6.7 billion yuan、5.9.4 billion yuan，Income from sales of vacation properties accounts for 99% of total income.8%、79.8%&80.7%，Cultural 188bet game business revenue only accounts for 0.2%、20.2%、19.3%。It can be seen from this，80% of the group’s revenue comes from property sales，This shows the degree of dependence on the real estate sector。

Beijing Business Daily reporter also learned，Previously on April 17, 2020，China Cultural 188bet game submitted a listing application to the Hong Kong Stock Exchange，In October of the same year，According to the Hong Kong Stock Exchange page，The first prospectus submitted by China Cultural 188bet game has been in the "invalid" status。As understood，In accordance with the relevant regulations of the Hong Kong Stock Exchange，Not approved within six months from the application date、Sent back、IPO application that was rejected or withdrawn on its own，Need to resubmit IPO prospectus。

*Source of this article: Beijing Business Daily, author:Guan Zichen, Wu Qiyun, original title: "The prospectus submitted for the second time by China Culture and 188bet game Group has expired》.