July 21，Lingnan shares announced，The company will consider comprehensively based on the actual situation，The spin-off and listing time of 188bet mobile login will be postponed，We are also communicating with the shareholders of 188bet mobile login regarding the postponement。

According to the announcement，On December 3, 2020, the company disclosed the "Indicative Announcement Regarding the Listing Counseling and Filing of Subsidiary Shanghai Hengrun Digital Technology Group Co., Ltd."。November 28, 2020，Shanghai Hengrun Digital Technology Group Co., Ltd. submitted the guidance filing application materials for 188bet mobile login’s initial public offering of stocks and listing on the GEM to the Shanghai Securities Regulatory Bureau，And received feedback from the Shanghai Securities Regulatory Bureau on December 1, 2020 to provide guidance on filing registration，The tutoring institution is Essence Securities Co., Ltd.。

Affected by the epidemic，The company achieved operating income of 66 in 2020.5.1 billion yuan，Net loss attributable to shareholders of listed companies 4.600 million yuan。188bet mobile login achieves operating income 2 in 2020.1.2 billion yuan，Net loss 6839.620,000 yuan，Net loss attributable to shareholders of the parent company 67,00.680,000 yuan。According to the conditions for spin-off of listed companies，The company does not currently meet the conditions for the spin-off of 188bet mobile login in the current year。

Company representation，First quarter of 2021，The company achieved operating income of 8.900 million yuan，Net profit attributable to shareholders of listed companies is 1625.070,000 yuan。First quarter of 2021，188bet mobile login achieved operating income of 5872.960,000 yuan，Net profit is 1366.610,000 yuan，Net profit attributable to shareholders of the parent company is 1324.490,000 yuan。2021 will be a critical year for the company to get out of the industry trough and achieve a healthy rebound，The company will rely on strategic layout advantages，Seize market opportunities such as the recovery of the cultural tourism industry，Promote 188bet mobile login’s spin-off and listing plan when conditions are ripe。Currently，The company will consider comprehensively based on the actual situation，The spin-off and listing time of 188bet mobile login will be postponed，We are also communicating with the shareholders of 188bet mobile login regarding the postponement。

Announcement，Given that this matter is still in the early planning stage，There will still be various uncertain factors during the project implementation，Matters that may affect the planning and decision-making of the spin-off of 188bet mobile login’s listing，There is a certain degree of uncertainty in this spin-off and listing。