June 23，According to the announcement of BTG 188bet，Boutique 188bet intends to give up the management rights of Changfu Palace Center and Summer Palace 188bet。

According to the announcement，Changfu Palace Center is an independent 188bet controlled by Beijing Tourism Group。Issue date of commitment letter in 2016，BTG holds Changfu Palace Center 74.07% equity，The remaining equity of the company is held by a third party；January 2020 to present，BTG and its wholly-owned subsidiary Beijing BTG Real Estate Group Co., Ltd. collectively hold 100% of the company’s equity。

Company representation，Due to the special central location of Changfu Palace and its mission related to international exchanges，The company plans to give up the management rights of Changfu Palace Center。

According to the announcement，The Summer Palace 188bet is an independent 188bet owned by Beijing Tourism Group。As of the announcement date，BTG holds 60% of its shares，Beijing Summer Palace Cultural Development Co., Ltd. holds 40% of its shares。

Company representation，Because the Summer Palace 188bet is built from the 188bet brand、188bet asset allocation、188bet management team configuration、The 188bet’s customer base positioning and other aspects are different from express hotels and general high-end hotels，The brand is positioned in the operation and management of tourist destinations。This 188bet is a sub-brand of BTG Hotels、Asset、Management Team、Consumer Group、There are great differences in suppliers of related 188bet supplies，The company and its subsidiaries have not reserved matching management capabilities and resources。Therefore，The company plans to give up the management rights of the Summer Palace 188bet。