June 14，Caesar 188bet sports betting app download issued an announcement，Caesar Tongsheng Development Co., Ltd. and Uxin Tourism Group Co., Ltd. are planning for the company to absorb and merge Uxin Tourism through a share exchange by issuing A shares to all shareholders of Uxin Tourism and issue A shares to raise supporting funds.，This merger will not result in a change in the actual controller of the company。

Announcement display，Because 188bet sports betting app download is still in the planning stage，Uncertainty exists，To ensure fair information disclosure，Protect the interests of investors，Avoid causing abnormal fluctuations in the company’s stock price，Apply to Shenzhen Stock Exchange，Trading in company stocks and corporate bonds "17 Caesar 03" will be suspended from the opening of the market on June 15, 2021 (Tuesday)，The trading suspension is expected to last no more than 5 trading days。Trading suspension period，The company will decide based on the progress of 188bet sports betting app download，Perform information disclosure obligations in a timely manner。

At the same time，Zhongxin 188bet sports betting app download also issued an announcement，Because this merger is still in the planning stage，Apply to Shenzhen Stock Exchange，Trading in the company’s stocks and convertible corporate bonds “Zhongxin Convertible Bonds” will be suspended from the opening of the market on June 15, 2021 (Tuesday)，The trading suspension is expected to last no more than 5 trading days。

As understood，Caesar Tongsheng Development Co., Ltd. was established on May 28, 1996，Registered capital 8.0.3 billion yuan，Business scope includes tourism management services；Shopping Mall；Gardening bonsai；Cultural and sporting goods and equipment；Project investment and asset management, etc.。Zhongxin 188bet sports betting app download Group Co., Ltd. was established on August 11, 1992，Registered capital 8.7.5 billion yuan，Business scope includes inbound tourism business；Domestic tourism business；Outbound tourism business；Insurance agency business；Civil air transport sales agent；Organizing exhibitions and display activities, etc.。

June 11, 2021，Caesar 188bet sports betting app download has signed a "Cooperation Intention Agreement" with Uoxin 188bet sports betting app download regarding this merger，The main content is as follows:

1、The company plans to absorb and merge Uxin 188bet sports betting app download by issuing A shares to all shareholders of Uxin 188bet sports betting app download；

2、After signing this agreement，The two parties will discuss the specific transaction plan for 188bet sports betting app download、Exchange price、Credit and Debt Processing、Employee placement、Negotiate arrangements such as the protection mechanism for dissident shareholders；Both parties should actively provide the other party with necessary cooperation，Fully promote 188bet sports betting app download，And complete the signing of the formal transaction agreement；

3、This agreement is only a preliminary agreement of intention between the two parties，The specific rights and obligations of both parties in 188bet sports betting app download and various arrangements are subject to the final formal transaction agreement signed by both parties；

4、188bet sports betting app download and the officially signed transaction agreement must be submitted to the respective boards of directors of both parties、Shareholders meeting review，And it can only be officially implemented after approval by the competent regulatory agency。

5. Both parties may terminate 188bet sports betting app download agreement in writing by consensus.

As of now，188bet sports betting app download is still in the planning stage，The parties to the transaction have not signed a formal transaction agreement，The specific transaction plan is still under negotiation。188bet sports betting app download still needs to carry out necessary internal decision-making procedures，And it can only be officially implemented after approval by the competent regulatory agency，There is still uncertainty whether it can be implemented。

It is reported，Caesar 188bet sports betting app download achieved operating income of 2 in the first quarter of 2021.400 million yuan，The operating income in the same period last year was 7.4.9 billion yuan，Decreased by 67% year-on-year.91%；Net loss attributable to shareholders of listed companies is 9409.470,000 yuan，Net loss in the same period last year 6421.760,000 yuan，YoY expansion of 46.52%。The company achieved total operating income of 16 in 2020.100 million，Down 73% year-on-year.3%；Operating cost 13.100 million，Decreased by 72% year-on-year.7%，Period expense ratio 44.1%，Increased by 26% from the previous year.4%，A drag on the company’s performance。

And Zhongxin 188bet sports betting app download achieved operating income of 15 in 2020.6.1 billion yuan，Decreased by 87 year-on-year.63%；Net loss attributable to shareholders of listed companies14.800 million yuan，Profit in the same period last year was 6861.170,000 yuan，From profit to loss。According to its first quarter report of 2021，The company achieved operating income of 8517 in the first quarter.010,000 yuan，Decreased by 92% year-on-year.54%；Net loss attributable to shareholders of listed companies 7463.690,000 yuan，Loss increased by 156% year-on-year.82%。

During May Day this year，Zhongxin 188bet sports betting app download Express，Income during the May Day period increased more than ten times compared with the same period last year，Company asset impairment in 20207.6.8 billion yuan，Mainly for goodwill impairment，Credit impairment 1.4.1 billion yuan，Mainly for bad debt provision。The provision of goodwill and bad debt provisions affects the company’s net profit attributable to the parent company。Guo Lei, director and secretary of the Board of Directors of Uoxin 188bet sports betting app download, also said，The concentrated release of goodwill and bad debts will help the company to dress up in 2021，It is expected to focus more energy on the recovery and development of tourism business。And in October last year，Controlling shareholder of Zhongxin 188bet sports betting app download、The actual controller Feng Bin signed the "Share Transfer Agreement" with Alibaba (China) Network Technology Co., Ltd.。After this equity change，Alibaba Network becomes a strategic shareholder of Uoxin 188bet sports betting app download。Among them，Uxin 188bet sports betting app download also established a joint venture with Alibaba 188bet sports betting app download，Comprehensively integrate various resources and channels in the upstream, midstream and downstream of the industry chain，Providing online and offline integrated digital distribution solutions，Currently, the joint venture has obtained a business license。

Caesar 188bet sports betting app download also announced a strategic cooperation with Tuniu 188bet sports betting app download in May this year，Both parties will give full play to their respective modes、Channel、Product、Service、Client and other advantages，In tourism resource integration and business collaboration、Cooperation in innovative business and financial business，Caesar 188bet sports betting app download takes another step forward in expanding the entire industry chain。Caesar 188bet sports betting app download and Tuniu 188bet sports betting app download will also cooperate on the duty-free shop business、Carry out all-round cooperation in “online + offline” new retail development and financial services，Jointly promote the in-depth layout of tourism-related businesses。In April this year，The Sanya government also plans to give a 15 million yuan reward to Caesars Tourism, a listed company that has moved to Sanya。

In terms of tax exemption，Zhongxin 188bet sports betting app download has also made some moves，In October last year, the company announced that it had signed a strategic cooperation agreement with Wangfujing Duty Free，The two parties plan to jointly carry out "tourism + shopping" business in the city's duty-free shops and Hainan Free Trade Port，Jointly develop domestic and overseas 188bet sports betting app download retail business。Duty-free shop operations，The two parties plan to jointly open duty-free shops through equity cooperation after in-depth cooperation，From the sales side、Product supply side, etc. start，Realize duty-free shop purchases、Full industry chain cooperation in operations and sales。February last year，The company announced that China Duty Free Group has signed the "Strategic Cooperation Framework Agreement between China Duty Free Group and Uoxin 188bet sports betting app download"，Jointly develop domestic and overseas 188bet sports betting app download retail business。