October 22，China Youth Travel Service announced，As of the disclosure date of this announcement，The total external guarantee provided by the listed company and its holding subsidiaries is RMB 46.2.9 billion yuan，Accounting for 73% 188bet’s audited net assets in 2020.17%。

Among them，The company’s holding subsidiary Wuzhen 188bet Co., Ltd. provides a guarantee of RMB 19 for its joint-stock subsidiary Tongxiang Puyuan 188bet Co., Ltd..6 billion yuan，Accounts for 30% of the company’s audited net assets in 2020.98%；The business practices of Wuzhen 188bet Co., Ltd. and its subsidiaries in accordance with bank policies and real estate development and sales，Provides a phased joint liability guarantee amount of RMB 3 to the buyers of its real estate projects who meet the loan conditions.2.9 billion yuan，Accounting for 5% of the company’s audited net assets in 2020.20%；The total amount of guarantees provided by the company for its controlled subsidiaries is RMB 23.4 billion yuan，Beijing CYTS Chuange Technology Co., Ltd., a holding subsidiary of the company、Zhongqing Bolian Integrated Marketing Consulting Co., Ltd. applied for a guarantee for comprehensive credit business from the bank，As ​​well as the guarantee provided by the company's controlled subsidiary CYTS Shanshui Hotel Group Co., Ltd. for its wholly-owned subsidiary Xinhua CYTS Shanshui Hotel Co., Ltd. to apply for a loan from the bank，Accounting for 36% of the company’s 2020 annual audited net assets.99%。

Announcement display，To meet the normal development needs of the subsidiary’s business，The company’s period from the 2020 Annual General Meeting of Shareholders to the 2021 Annual General Meeting of Shareholders，It is expected to provide subsidiaries and affiliated companies with no more than RMB 24.A guarantee of 5 billion yuan and providing air ticket agency qualification guarantee and BSP counter-guarantee for each 188bet's travel agency holding subsidiaries，Including: It is expected to provide no more than 4 for China Youth League Integrated Marketing Consulting Co., Ltd. and its affiliated companies.Bank credit guarantee of 500 million yuan；Provide a bank credit guarantee of no more than 2 billion yuan to Beijing CYTS Chuange Technology Co., Ltd.；The company and its holding subsidiaries provide air ticket agency qualification guarantee and BSP counter-guarantee for each 188bet's travel agency holding subsidiaries。

Recently，Beijing CYTS Chuange Technology Co., Ltd. applied for RMB 3 from China Everbright Bank Co., Ltd. Beijing Financial Street Branch.Comprehensive bank credit line of 500 million yuan。The company signed the "Maximum 188bet Contract" with Beijing Financial Street Branch of China Everbright Bank Co., Ltd.，This is RMB 3.188bet for bank comprehensive credit line of 500 million yuan。Beijing Zhongshengyi Management Consulting Co., Ltd. serves as a minority shareholder of Beijing CYTS Chuange Technology Co., Ltd., Provides counter-188bet for this 188bet based on 10% of the equity ratio it holds in CYTS Chuange。