Evening of May 7th，Wangfujing Announcement，Absorb and merge Shougang 188bet mobile by issuing A 188bet mobile in exchange for 188bet mobile，Wangfujing is the merger party，Shoushang Co., Ltd. is the merged party，That is, Wangfujing issues A 188bet mobile to all stock exchange shareholders of Shougang Co., Ltd.，Exchange the Shougang 188bet mobile held by these shareholders。

At the same time，Wangfujing plans to use price inquiry to raise supporting funds of no more than 4 billion yuan through a non-public issuance of A 188bet mobile from no more than 35 specific investors, including Beijing Tourism Group。

according to announcement，The stock exchange price of Shougang 188bet mobile is based on the average stock trading price of the 20 trading days before the pricing base date of the stock exchange and absorption merger 8.Based on 51 yuan/share，And based on this, a 20% premium rate will be determined，i.e. 10.21 yuan/share，The share exchange ratio between Shougang 188bet mobile and Wangfujing is 1:0.3044，That is, every 1 share of Shougang 188bet mobile can be exchanged for 0.3044 188bet mobile of Wangfujing stock。

The arrangements for this share exchange and absorption have been started at the beginning of this year.

January 17，Wangfujing and Beijing Capital Commercial Co., Ltd. signed the "Agreement of Intent on Merger" regarding this merger，Plans to absorb and merge Shougang 188bet mobile through share exchange by issuing A 188bet mobile to all shareholders of Shougang 188bet mobile。

January 18，188bet mobile and Beijing Capital Group both issued announcements on the suspension of planning for major asset restructuring。

January 29，Wangfujing Group Co., Ltd. and Beijing Shougang Group Co., Ltd. jointly issued an announcement，Wangfujing acquires and merges Shougang 188bet mobile by issuing A 188bet mobile in exchange for 188bet mobile，Wangfujing is the merger party，Shoushang Co., Ltd. is the merged party。Non-public issuance of A 188bet mobile to no more than 35 specific investors, including Beijing Tourism Group, to raise supporting funds of no more than 4 billion yuan。

*Source of this article：China-Singapore latitude and longitude, original title:《Wangfujing exchanges 188bet mobile to absorb 188bet mobile of Shougang Capital and raises supporting funds of no more than 4 billion》.