Message on July 13，Shinur announced，Planning to change 188bet online sports betting to "Cedar Development Co., Ltd."，The company’s securities abbreviation was changed to “Cedar Development”。

According to the announcement，Company’s 2020 operating income 15.2.6 billion yuan，Among them, the new supply chain management business revenue is 5.1.2 billion yuan，Accounting for 33% of the company’s total operating income.57%；Cultural 188bet online sports betting business income is 1.3.5 billion yuan，Accounting for 8% of the company’s total operating income.85%。

As understood，Sinur’s original main business was suits、Research, development, production and sales of shirts and other apparel products。In recent years，Shinur’s main business has changed，The company’s controlling shareholder was changed to Guangzhou Cedar Cultural 188bet online sports betting Investment Co., Ltd. on July 28, 2017，The actual controller is changed to Zhang Jin，And start to expand cultural 188bet online sports betting business in 2018。New supply chain management and comprehensive service business in 2020，And adjust the apparel business development strategy，Respectively in December 2017、In December 2020, the original clothing production subsidiary Zhucheng Planniao Men's Clothing Co., Ltd. was transferred to the outside world、100% equity of Shandong Shinur Men's Clothing Co., Ltd., the original clothing sales subsidiary。

Shinur said，After the clothing sales subsidiary Shandong Shinur's listing，The company’s business structure has undergone major changes，188bet online sports betting no longer covers the company’s existing business。In view of the change of the company’s controlling shareholder and major changes in the business structure，In order to make 188bet online sports betting more accurately reflect the company's business structure and future strategic plan，Further enhance corporate brand image and brand value，The company plans to change its company name and securities abbreviation。Change 188bet online sports betting to "Cedar Development Co., Ltd."，The company’s securities abbreviation was changed to “Cedar Development”。