November 30，According to the website of Shanghai Stock Exchange，Shanghai Stock Exchange imposes disciplinary sanctions on Dalian Sunya 188bet sports betting Holdings Co., Ltd. and relevant responsible persons。

According to the announcement，Ascertained，Information disclosure of Dalian Sunya Tourism Holdings Co., Ltd.，Relevant responsible persons have violated regulations in the performance of their duties。Yang Ziping, the then chairman of 188bet sports betting, was the main person in charge of 188bet sports betting and the first person responsible for information disclosure，The then Vice Chairman and General Manager Mao Wei was the main person in charge of 188bet sports betting’s daily operations and management matters and the specific person in charge of information disclosure affairs，The then financial director Chu Xiaobin was the main person in charge of 188bet sports betting’s financial management，Pang Jing, then secretary of the board of directors, was the specific person in charge of information disclosure affairs，Failure to be diligent and responsible，Responsible for company-related violations。Among them，The then chairman Yang Ziping was primarily responsible for all 188bet sports betting's violations；The then vice chairman and general manager Mao Wei (acting as secretary of the board of directors) issued a warning about the risk of delisting 188bet sports betting’s stocks、Illegal information disclosure on income deduction matters and other matters，Failure to deduct business income in accordance with regulations，Failure to issue delisting risk warning announcement as required，Inconsistent disclosure of financial data in corresponding periodic reports during the term，Incomplete disclosure of objections of some directors，Related transactions、Mainly responsible for non-standard information disclosure and other violations such as board resolutions；The then financial director Chu Xiaobin warned about the risk of delisting 188bet sports betting’s stocks and related risk tips、Illegal information disclosure on income deduction matters and other matters，Failure to deduct business income in accordance with regulations、Being primarily responsible for inconsistencies in the disclosure of financial data in corresponding periodic reports during the term of office；The then board secretary Pang Jing issued a delisting risk warning announcement for not cooperating with the implementation、Modify information disclosure documents and other regulatory requirements as required、Responsible for unfair information release and other violations。

The Shanghai Stock Exchange made the following disciplinary decision: Dalian Sunya Tourism Holdings Co., Ltd. and its current chairman Yang Ziping、The then vice chairman and general manager Mao Wei (acting secretary 188bet sports betting board of directors)、The then financial director Chu Xiaobin publicly condemned，Notice and criticize Pang Jing, then Secretary 188bet sports betting Board of Directors。

Announcement pointed out，The relevant responsible persons have the following violations in the performance of their duties。Risk reminder related to 188bet sports betting’s stock being delisted and risk warning、The disclosure of income deductions and other matters is untrue、Inaccurate，There are major inconsistencies in the previous and later disclosures。January 30, 2021，Company discloses performance pre-loss announcement，Estimated revenue in 20201.0.2 billion yuan。Among them，Main business income 7278.620,000 yuan，Other business income 2923.840,000 yuan。Same day，188bet sports betting disclosed the first indicative announcement regarding the possible delisting risk warning for 188bet sports betting’s stocks。April 30, 2021，Company discloses 2020 annual report，Annual operating income 1.1.4 billion yuan，Situations that do not trigger the delisting risk warning。188bet sports betting has disclosed the 2020 annual report matters in response to two inquiry letters announced，New revenue mainly comes from penguin sales，The sales of 44 penguins are recognized as operating income，Total 18.76 million yuan，The penguins sold are consumable biological assets，188bet sports betting has internal controls related to Penguin Classification，Can be recognized as income。

July 6, 2021，The Shanghai Stock Exchange once again issued a letter of inquiry to 188bet sports betting and its annual audit accountant，Require 188bet sports betting to provide sufficient evidence within 5 trading days，Further demonstrate that the accounting treatment of Penguin sales complies with relevant regulations and is related to 188bet sports betting’s main business；If sufficient evidence is not provided within the specified deadline，Company will be required to deduct Penguin sales income，And decide whether to implement a delisting risk warning on 188bet sports betting’s stocks based on the amount of operating income after deductions。As of July 13，188bet sports betting did not reply to the inquiry letter within the specified period。Due to delisting risk warning situation，188bet sports betting’s stock has been issued a delisting risk warning。

188bet sports betting stated in the performance pre-loss and three risk warning announcements，A delisting risk warning may be implemented because the operating income in 2020 (excluding business income unrelated to the main business and income without commercial substance) is less than 100 million yuan。However, 188bet sports betting’s annual report disclosed in 2020 stated that the relevant income amount did not trigger the delisting risk warning，And the aforementioned second time、The third reminder announcement is disclosed two days before the annual report is disclosed。Afterwards，188bet sports betting’s stock actually reached the required situation after deducting relevant sales revenue，and was issued a delisting risk warning。188bet sports betting has not accurately verified and disclosed relevant financial and operating information near the time of annual report disclosure，Failure to deduct business income as required，Risk reminder for possible delisting risk warning、The disclosure of whether there is a delisting risk warning situation is untrue、Inaccurate，There are major inconsistencies in the disclosure content before and after，Severely misleading investors’ expectations about whether 188bet sports betting will be issued a delisting risk warning，Affect investors’ right to know。

188bet sports betting failed to disclose the announcement on the implementation of delisting risk warning as required。July 20, 2021，The Exchange issued an announcement regarding the delisting risk warning for 188bet sports betting’s stocks，Decided to implement a delisting risk warning on 188bet sports betting’s stocks starting from July 22，And clearly inform 188bet sports betting that it should comply with the requirements of the rules，Make an announcement on the trading day before the stock is issued a delisting risk warning。But 188bet sports betting refused to fulfill relevant disclosure obligations，As of now，188bet sports betting has not yet made an announcement on the above matters。

Company 2018、2019 and the first quarter of 2020、Semi-annual、Inconsistent disclosure of financial data related to the third quarter report。April 30, 2021，Company disclosure announcement，Due to 2018、Dealer agent ticket revenue confirmed in 2019 and common reporting operating revenue 210.220,000 yuan，15% of adjusted operating income.92%；Increase reported net profit for the first quarter of 2020 by 15.430,000 yuan，0% of adjusted net profit.65%；Total increase in operating income of 2020 semi-annual report 210.680,000 yuan，8% of adjusted operating income.44%；16 that increased net profit in the 2020 semi-annual report.980,000 yuan，0% of adjusted net profit.32%；A total increase of 909 reported operating income in the third quarter of 2020.540,000 yuan，15% of adjusted operating income.5%；Increase 254 of reported net profit for the third quarter of 2020.90,000 yuan，4% of adjusted net profit.15%。Also，Company 2020 Annual Report Audit Report Display，Annual audit accounting firm believes，Regarding 188bet sports betting’s above-mentioned retrospective adjustments to operating income，Unable to judge whether the ticket extension is reasonable，It is also impossible to confirm the number of tickets that have not yet entered the museum through correspondence or other methods，Therefore it is impossible to confirm the rationality and accuracy of 188bet sports betting’s retroactive adjustment of the above-mentioned income errors，And issued a qualified audit report。

Companies should objectively evaluate current period performance in accordance with accounting standards、Carefully account and disclose。However, 188bet sports betting’s above-mentioned adjustments have resulted in operating income in multiple financial statements from 2018 to the first three quarters of 2020、The reported amounts of key accounts such as net profit are inconsistently disclosed，The 2020 financial audit report has therefore been issued with a qualified opinion，And it will have a greater impact on 188bet sports betting’s operating income recognized in 2020，May affect investors’ right to know whether 188bet sports betting has hit delisting risk warning indicators related to operating income that year。

The dissent of some directors was not fully disclosed in the 2020 annual report。188bet sports betting discloses the 2020 annual report and board of directors resolutions and other announcements。Among them，The then director Wu Jian and the then independent director Ren Jian voted against the board resolution of the "Company's 2020 Annual Report and Summary" respectively、Abstention vote，It is clear that the authenticity of the contents of the annual report cannot be guaranteed、Accuracy and Completeness。But in the annual report“Important Tips”Part，188bet sports betting failed to comply with the requirements of the Securities Law and related preparation rules，Disclosure of dissenting opinions and reasons of relevant directors，Disclosed only as “Some directors、Supervisor、Senior management guarantees the authenticity of the contents of the annual report、Accurate、Complete”。Incomplete disclosure of objections and reasons for some directors in 188bet sports betting’s regular reports，May cause significant misleading to investors，And it has not been rectified yet。

Related transactions、Irregular disclosure of information including board of directors resolutions。First, 188bet sports betting disclosed the board of directors resolution announcement，The then independent director Ren Jian voted against 188bet sports betting’s 2021 external guarantee plan and authorization proposal，The reason is insufficient、Completely list relevant basis and reasons。However, 188bet sports betting stated in the opinions of independent directors on the matter disclosed at the same time，The independent directors unanimously agreed on 188bet sports betting’s external guarantee plan and authorization matters for 2021，There are inconsistencies in relevant information disclosure，The relevant information disclosure content has not been corrected so far。

Second, 188bet sports betting disclosed the confirmation of daily related transactions in 2020 and the prediction of daily related transactions in 2021，Dalian Municipal Utilities Service Center (hereinafter referred to as Dalian Municipal Center) has been an organization controlled by a related legal person in the past 12 months，A related party of 188bet sports betting。After regulatory inquiry by our firm，188bet sports betting did not disclose the inquiry letter reply announcement until July 16, 2021，And make corrections to the estimated related-party transactions in 2021，No longer regard Dalian Municipal Center as a related party of 188bet sports betting in 2021。

Unfair information release，Refuse to implement the regulatory requirements of the Exchange 。Evening of July 15, 2021，188bet sports betting plans to submit it to the board of directors、Some matters in the Supervisory Board resolutions and other announcement documents lack regulatory basis、Not announcement information that should be disclosed，Relevant content includes questioning the corrected income deduction opinion issued by the annual audit accountant、Does not agree with the above-mentioned income deduction opinions disclosed by this firm without the seal of 188bet sports betting、188bet sports betting can safeguard rights through multiple channels、It is recommended that 188bet sports betting hold an expert demonstration meeting, etc.。This firm has issued regulatory reminders and provided feedback on audit opinions，Inform 188bet sports betting that relevant announcements can be disclosed normally after modification。Company representation，No announcement of board resolutions and board of supervisors resolutions will be submitted on that day。Afterwards，188bet sports betting still released the unmodified above announcement document through the WeChat public account，Unfair release of relevant information and refusal to implement regulatory requirements，Not corrected so far。