October 21，Wangfujing issued an announcement on the implementation of the stock exchange to absorb and merge Beijing 188bet game., Ltd. and raise supporting funds and related transactions，The equity registration date for the company’s share exchange to absorb and merge Shougang Shares and to raise supporting funds and the merger of related transactions is October 21, 2021，The shares of Shougang Co., Ltd. held by all shareholders of Shougang Co., Ltd. registered after the market close on the equity registration date for the merger implementation will be 1:0.3058 converted into shares issued by Wangfujing Group due to this merger，That is, every 1 share of Shougang Shares can be exchanged for 0.3058 company shares。

As understood，The Shanghai Stock Exchange has issued the "Decision on the Termination of Listing of Beijing 188bet game., Ltd."，Decided to terminate the listing of Shougang Shares。The listing of Shougang Shares will be terminated from October 22, 2021。

After the listing of 188bet game was terminated，Shougang Shareholders’ stock accounts will no longer display 188bet game，Until 188bet game are converted into company shares and the relevant procedures for the listing of new shares are completed。

After the completion of this merger，Shoushang Co., Ltd. will terminate its listing and cancel its legal person status，Wangfujing or its wholly-owned subsidiaries will inherit and take over all the assets of 188bet game Group、Liabilities、Business、Personnel、Contract and all other rights and obligations。Wangfujing will publish the results of the share exchange implementation separately after the completion of the merger and share exchange implementation、Announcement on share changes and listing of new shares。