July 6，According to Sanxiang Impression announcement，To further improve the comprehensive utilization efficiency of the company’s resources，Increase the company's inventory turnover speed，Accelerate the withdrawal of funds，The company's wholly-owned subsidiaries Shanghai Sanxiang (Group) Co., Ltd. and Shanghai Juxiang Investment Co., Ltd. signed an "About Equity Transfer Agreement of Shanghai Xianghong Real Estate Co., Ltd. (hereinafter referred 188bet app to as the "Transfer Agreement")，The company transferred 100% equity of Shanghai Xianghong Real Estate Co., Ltd. (hereinafter referred to as "Xianghong Real Estate") to Hengkang CNC，The total transfer amount is RMB 6.818.2 billion yuan。

Hengkang CNC will pay the equity transfer amount for this transaction as soon as possible in accordance with the contract，Plan to apply to Bank of Jiangsu Rugao Branch 3.The 400 million yuan merger and acquisition loan is used to pay the equity transfer payment and related merger and acquisition expenses to Sanxiang Impression subsidiary。According to financing bank requirements，The subsidiary of Sanxiang Impression intends to use the property held by Xianghong Real Estate, the target company of this sale, as a mortgage guarantee for the merger and acquisition loan。

As of the date of this announcement，After this guarantee occurs，The total guarantee amount of the company and its holding subsidiaries is 2,666.5 million yuan，Accounting for 54% of the company’188bet Online Sports Betting and Casino s latest audited consolidated statement of net assets attributable to the parent company.24%。The total balance of external guarantees provided by the company and its holding subsidiaries is 165620.730,000 yuan，The proportion of the company’s latest audited net assets is 33.69%，The total balance of guarantees provided to companies outside the consolidated statements is 32220.730,000 yuan，The proportion of the company’s latest audited net assets is 6.55%。