September 15，Jiuhua Tourism announced，Due to own business needs，Anhui Jiarun Gemdale Enterprise Management Co., Ltd. plans to sell 188bet game within 6 months from the date of announcement of the shareholding reduction plan，Trading through centralized bidding、The total number of 188bet game held shall not exceed 16 million 188bet game through block transactions or agreement transfers，Approximately 14 of the company’s total 188bet game46%。As of the date of announcement of this shareholding reduction plan，Jiarun Gemdale holds 16 million 188bet game of Jiuhua Tourism 188bet game，About 14% of the company’s total share capital.46%。

Among them，Those who use centralized bidding to reduce their shareholdings in the company，Within any 90 consecutive calendar days，The total number of 188bet game reduced shall not exceed 1% of the company’s total share capital，i.e. no more than 110.680,000 188bet game，The total number of shareholding reductions during the implementation of the shareholding reduction plan shall not exceed 2% of the company's total share capital，i.e. no more than 221.360,000 188bet game。Using bulk transactions to reduce company 188bet game，Within any 90 consecutive calendar days，The total number of 188bet game reduced shall not exceed 2% of the company’s total share capital，i.e. no more than 221.360,000 188bet game，The total number of shareholding reductions during the implementation of the shareholding reduction plan shall not exceed 4% of the company's total share capital，i.e. no more than 442.720,000 188bet game。Reducing the company’s 188bet game through agreement transfer，The transfer ratio of a single transferee shall not be less than 5% of the total number of 188bet game of the company，i.e. no less than 553.40,000 188bet game。

As understood，Adopt centralized bidding transaction、Block Transaction、Agreement transfer of reduced 188bet game，All will be carried out within 6 months from the date of announcement of this shareholding reduction plan。If Jiuhua Tourism distributes dividends during the reduction period、Bonus 188bet game、Convert to share capital、Ex-rights issuance of new 188bet game or allotment of 188bet game、Ex-dividend matters，The number of 188bet game reduced above will be adjusted accordingly。

Announcement display，This shareholding reduction plan is independently decided by shareholders based on their own business needs，During the reduction period，Shareholders will decide based on market conditions、The company’s stock price and other factors determine whether to implement all or part of this shareholding reduction plan，There is uncertainty in the quantity and price of reduction。This shareholding reduction plan is a normal shareholding reduction behavior of shareholders，It will not have a significant impact on the company's governance structure and future continued operations。As of the date of this announcement，The company 188bet game held by Jiarun Gemdale are in a pledged state，Pledge risk is within controllable range。According to this holding reduction plan，Need to go through the pledge release procedures in advance based on the reduction of holdings。