Recently，OCT A issued an announcement，Zhongshan Overseas Chinese Town, a wholly-owned subsidiary of the company's real estate company, plans to introduce China Insurance Investment Partnership into the partnership by increasing capital and shares。Before 188bet online sports betting，The registered capital of Zhongshan OCT is RMB 1 billion，The real estate company holds 100% of its shares。China Insurance Investment Partnership plans to increase capital in Zhongshan Overseas Chinese Town 13.8.8 billion yuan，9 of them.500 million yuan included in the registered capital，4.3.8 billion yuan included in capital reserve。The real estate company gave up the preemptive right to subscribe for 188bet online sports betting。

After completion of 188bet online sports betting increase，The registered 188bet online sports betting of Zhongshan Overseas Chinese Town increased to 19.500 million yuan，Among them, real estate companies hold 51 shares.28%，China Insurance Investment Partnership holds 48 shares.72%，Zhongshan OCT is still within the scope of the company’s consolidated statements。

Announcement display，Zhongshan Overseas Chinese Town was established on September 13, 2018，Registered capital 1 billion yuan，Business Scope Investment and Industrial Development；Real estate development and management；City Park Management；Entrepreneurial Space Service；Property Management；Owned property for rent；Housing rental；Non-residential real estate leasing, etc.。This capital increase will be used for the development and construction of the Zhongshan Happy Coast Cultural 188bet online sports betting Comprehensive Project。

OCT A indicates，Zhongshan OCT owns the Happy Coast Cultural 188bet online sports betting Comprehensive Project，Zhongshan City is one of the core cities in the Guangdong-Hong Kong-Macao Greater Bay Area，The completion of this capital increase can solve the capital demand for the construction and development of the Happy Coast Cultural 188bet online sports betting Comprehensive Project，It is of great significance for the company to deeply explore the cultural 188bet online sports betting industry in the Guangdong-Hong Kong-Macao Greater Bay Area。