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Recently,Hainan Ruize issued an announcement,Wholly-owned subsidiary Shenghua 188bet sports betting and Reclamation Shenquan Group on February 28, 2019、Shenzhen Yuehua Equestrian Culture Industry Co., Ltd. jointly signed the "Haiken·Nantian Equestrian Cultural Town Project Cooperation Contract》。November 11, 2021,The project company Hainan Ruishenji received the "About Dissolution< from the major shareholder Nongken Shenquan Group;Haiken·Nantian Equestrian Cultural Town Project Cooperation ContractNotice》: In view of the fact that the partner Shenzhen Yuehua Equestrian Culture Industry Co., Ltd. has not complied with the "Cooperation Contract" 9.1 agreement to pay a performance deposit of 30 million yuan,Severely overdue and in fundamental breach of contract,Constitutes a condition for the termination of the contract;In addition, there is no upper-level planning for the project area,No substantial construction progress on the project,"Cooperation Contract" has been changed from "About Termination<Haiken·Nantian Equestrian Cultural Town Project Cooperation ContractNotice" will be terminated on the day it is delivered to Shenghua 188bet sports betting and Shenzhen Yuehua Equestrian Culture Industry Co., Ltd.。The project company will also be dissolved。
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