December 24，Zhongxin Travel announced，The company held the 45th meeting of the fourth board of directors on December 24, 2021 to review and approve the "About Signing<Equity Transfer Agreement>Proposal to sell assets》，Agreed to transfer to Wenchang Baoyu Investment Co., Ltd. China Enterprise Credit Commercial Factoring Co., Ltd. held by the company and its wholly-owned subsidiary Hong Kong Zhongxin International Travel Service 188bet Online Sports Betting and Casino Co., Ltd.、100% equity of China Enterprise Credit Financial Leasing Co., Ltd. and Guangzhou Youdai Small Loan Co., Ltd.，Both parties negotiated and determined the transaction price to be 1.800 million yuan。

Announcement display，The subject of this transaction is China Enterprise Credit Commercial Factoring、100% equity of China Enterprise Credit Financial Leasing and Guangzhou Udai，The company directly or indirectly holds China Enterprise Credit Commercial Factoring、100% equity of China Enterprise Credit Financial Leasing and Guangzhou Udai。As of now，There is no mortgage for the transaction object、Pledge or other third party rights，No major disputes、Litigation or arbitration，No seizure、Freezing and other judicial measures。

Company representation，The reason for this equity transfer is that the company wants to better focus on its main business segment，Concentrate resources to develop core business，Increase working capital。Transaction priced to own security、Based on the conclusion of the "Asset Assessment Report" issued by a third-party assessment agency with 188bet sports betting app download qualifications for futures business，Determined after negotiation between the two parties，Fair and reasonable pricing。The company can use the cash obtained from this transaction to optimize its asset structure，Improve financial status，Reduce the company’s overall business risk，Conducive to optimizing business layout and resource allocation，Reduce uncertainty and operating risks，Thus improving the profitability of listed companies，In line with the interests of the company and all shareholders，There is no situation that damages the interests of the company and shareholders, especially small and medium shareholders。