July 6，Huangshan 188bet app Announcement，To better grasp the development trend of digital transformation in the 188bet app industry，Deeply explore the destination online travel service market，Based on a common cooperative business philosophy、Respective brand influence and resource complementary advantages，Recently, the company signed a "Joint Venture Agreement" with Shanghai Yunxin Venture Capital Co., Ltd. (hereinafter referred to as "Shanghai Yunxin")，Planned to jointly invest in a joint venture，The registered capital of the joint venture is 1.200 million yuan，The company invested 35 million yuan with 100% equity of its wholly-owned subsidiary Huangshan Smart 188bet app Co., Ltd. (hereinafter referred to as "Smart 188bet app Company")，And another 21.1 million yuan in cash，A total subscription of 56.1 million yuan，46 holding the registered capital of the joint venture company.75%；

As understood，Shanghai Yunxin subscribed 45.9 million yuan，38 holders of registered capital of the joint venture company.25%；At the same time，The company plans to establish an entity as a joint venture employee shareholding platform，Employee stock ownership platform subscribes 18 million yuan，Holding 15% of the registered capital of the joint venture company。The joint venture will be based on the "Huangshan 188bet app Official Platform"，Integrate the brand and resource advantages of the shareholders of the joint venture，Innovate and create a one-stop new service platform for "new destination, new 188bet app, new life" shared by hosts and guests，At the same time, accelerate the development of systematic solutions for smart scenic spots。

Huangshan 188bet app Instructions，This time the company jointly invested and established a joint venture with Shanghai Yunxin and related parties，The company adapts to the digital transformation of the 188bet app industry，Exploring new business models，An important measure to create Huangshan’s local one-stop new service platform for “new destination, new 188bet app, new life”，Able to adapt to the younger generation of tourists、self-service、Personalized travel trends，Better meet tourists’ destination experience consumption needs。This foreign investment can rely on the brand and resource advantages of both parties，Conduct useful exploration on smart 188bet app integration and smart scenic spot solutions，You can also actively empower the company’s in-depth layout in the smart 188bet app industry chain through the advantages of the partner’s industrial ecological chain。

Same day，According to Huangshan 188bet app Announcement，To optimize the company’s investment income structure，Improve investment management and capital operation capabilities，Enhance the company’s comprehensive competitiveness，And help Huangshan City’s “double recruitment and double attraction” and industrial upgrading，Recently, the company's wholly-owned subsidiary Huangshan Yundian Investment Management Co., Ltd. (hereinafter referred to as "Yundian Investment Company") signed the "Nanjing Saifu Equity Investment Fund (Limited Partnership) Partnership Agreement" (hereinafter referred to as the "Partnership Agreement")，Yundian Investment Company plans to participate as a limited partner in subscribing for the subsequent shares raised by Nanjing Saifu Equity Investment Fund (Limited Partnership (hereinafter referred to as the "subject fund") with its own capital of RMB 100 million。

According to the announcement，As of December 31, 2020，Total assets of the underlying fund 4.8.6 billion 188bet app，Net worth 4.8.6 billion 188bet app；Achieve operating income of 00,000 188bet app in 2020，Net profit-1608.600,000 188bet app；As of March 31, 2021，Total assets of the underlying fund 4.7.9 billion 188bet app，Net worth 4.7.9 billion 188bet app；Achieve operating income of 00,000 188bet app from January to March 2021，Net profit-669.640,000 188bet app (unaudited)。