August 10，Lingnan shares announced，In order to effectively promote the company’s strategic goal of “second entrepreneurship”，Revolving around the two major industrial development directions of "ecological environment + cultural tourism"，Promote the vigorous development of the company's business，The company plans to apply to the Shanghai Fengxian Branch of Bank of Jiangsu Co., Ltd. for a transaction not exceeding RMB 2 for its holding subsidiary Shanghai Hengrun Digital Technology Group Co., Ltd.,Provide joint liability 188bet sports betting for comprehensive credit business worth RMB 10 million，Credit period one year，The 188bet sports betting period starts from the effective date of the contract to the debt performance period under the main contract (including extension、Extension) until three years after the expiration date。

As understood，The 188bet sports betting for this time is 2,0 million yuan，Accounting for 0% of the company’s audited net assets attributable to shareholders of listed companies on December 31, 2020.45%。As of the date of this announcement，The company’s signed 188bet sports betting is RMB 934,750.100,000 yuan；The actual amount of guarantee obligation is 609,223.970,000 yuan，Accounting for 136% of the company’s audited net assets attributable to shareholders of listed companies on December 31, 2020.62%；Deduction for subsidiaries、The external 188bet sports betting after the project company guarantees is 24,431.100,000 yuan，Accounting for 5% of the company’s audited net assets attributable to shareholders of listed companies on December 31, 2020.48%。

According to the announcement，The company’s 35th meeting of the fourth board of directors held on April 28, 2021 and the 2020 annual shareholders’ meeting held on May 28, 2021 reviewed and approved the “Proposal on the Estimated 188bet sports betting for 2021”，The 188bet sports betting agreed to be provided to Hengrun Group is estimated to be 100,0 million yuan。Before this guarantee，The available 188bet sports betting provided by the company to Hengrun Group is 93,5 million yuan。This time the company provides Hengrun Group 2,The guarantee balance after the 10 million yuan guarantee is 23,4.7 million yuan，The remaining available 188bet sports betting provided by the company to Hengrun Group is estimated to be 91,5 million yuan。

It is reported，Shanghai Hengrun Digital Technology Group Co., Ltd. was established on March 21, 2008，The registered capital is 2.300 million yuan，Business scope includes film and television planning，Film producer，Information system integration services，Computer network engineering construction，Exhibition display services，Exhibition booth production and design，Engaged in the import and export of goods and technology import and export business。188bet sports betting is a holding subsidiary of the company，The company holds 188bet sports betting 82.36% equity，The company has no other relationship with it。As of March 31, 2021，The total assets of 188bet sports betting are 14.2.4 billion yuan，Total liabilities are 6.7.4 billion yuan，Net worth is 7.4.9 billion yuan。January-March 2021，188bet sports betting’s operating income is 5872.960,000 yuan，Net profit is 1366.610,000 yuan。

Company representation，Providing 188bet sports betting for its holding subsidiary Hengrun Group this time，Conducive to the smooth implementation of Hengrun Group’s cultural tourism project，Promote the development of the company’s “big cultural tourism” business。