December 31，Caesar Travel issued an announcement，The company received the "Notification Letter of Stock Reduction Plan" issued by Hainan 188bet online sports betting Enterprise Management Partnership (Limited Partnership), the controlling shareholder's concerted action party, on December 31, 2021。188bet online sports betting directly holds 15.5 million shares of the company，Accounting for 1% of the company’s total share capital.93%，Plans to reduce its holdings of the company’s shares by no more than 15.5 million shares in the next 6 months through centralized bidding or block trading，That is, the reduction of holdings shall not exceed 1% of the company’s total share capital.93%。

According to the announcement，This reduction is due to Caesar Excellent’s own operating needs，Will reduce holdings through centralized bidding or block trading。Among them，Transactions and reductions through centralized bidding，188bet online sports betting within 6 months after 15 trading days from the announcement date of this reduction plan；Reduce holdings in bulk transactions，188bet online sports betting carried out within 6 months from the date of announcement of this shareholding reduction plan。Currently，The company’s daily operations and production activities are normal，This shareholding reduction will not have an impact on the company's governance structure and ongoing operations，It will not result in a change of control of the company。

According to the company’s check，Hainan 188bet online sports betting Enterprise Management Partnership (Limited Partnership) was established on August 20, 2020，Registered capital is 400 million yuan，Business scope includes enterprise management，Socioeconomic consulting service，Information consulting service，Marketing Planning，Corporate image planning，Computer system services, etc.。