June 23，BTG Hotel releases "Plan for 188bet app download A Shares (Revised Draft)" Announcement。Announcement display，The number of shares in this non-public offering is determined based on the total amount of funds raised divided by the issuance price，At the same time, the number of shares issued in this non-public offering shall not exceed 200 million shares (inclusive)。The total amount of funds raised in this 188bet app download A shares shall not exceed 3 billion yuan (including the original amount)，The net amount after deducting issuance expenses will be used for hotel expansion and decoration upgrade projects and repayment of loans from financial institutions。Among them，The investment amount of the hotel expansion and decoration upgrade project is 24.6.6 billion yuan，The amount of raised funds planned to be used is 2.1 billion yuan；The amount of loan investment to repay financial institutions is 900 million yuan，The amount of raised funds planned to be used is 900 million yuan。Announcement，If the actual funds raised in this 188bet app download stocks after deducting issuance expenses are less than the total amount of funds planned to be invested in the above projects，The shortfall in raised funds will be solved by the company’s self-raised funds。

The targets of this 188bet app download stocks are no more than 35 specific investors including the controlling shareholder BTG Group。Beijing Tourism Group plans to subscribe for this non-public offering of A shares in cash，The proposed subscription amount does not exceed 10.3.1 billion yuan。This 188bet app download stocks constitutes a related transaction。Among them，The remaining shares in this issuance will be subscribed in cash by other issuance targets。Other issuance targets are securities investment fund management companies that meet the prescribed conditions、Securities Company、Trust Investment Company、Finance Company、Insurance Institutional Investors、Qualified foreign institutional investor、Other qualified investors and natural persons, etc.。

Announcement，This 188bet app download A shares does not constitute a major asset restructuring，It will not lead to changes in the company’s controlling shareholders and actual controllers。The shares subscribed by Beijing Tourism Group in this non-public offering shall not be transferred within 18 months from the date of completion of the share issuance。After the completion of this 188bet app download shares，The ultimate actual controller of the company remains unchanged，Still Beijing State-owned Assets Supervision and Administration Commission。The pricing base date for this 188bet app download stocks is the first day of the issuance period of this 188bet app download stocks。

As understood，The company achieved operating income of 52 in 2020.8.2 billion 188bet app download，YoY decrease of 36.45%；Net loss attributable to shareholders of listed companies 4.9.6 billion 188bet app download。The company achieved operating income of 12 in the first quarter of 2021.7.1 billion 188bet app download，YoY growth 58.75%；Net profit loss attributable to shareholders of listed companies 1.8.2 billion 188bet app download，Loss decreased compared with the same period last year。