January 18，Huangshan 188bet app Announcement，Huangshan Yundian Investment Management Co., Ltd., a wholly-owned subsidiary of the company, plans to use its own funds 5514.Acquisition of Huangshan Liubaili Houkui Tea Co., Ltd. 40 held by Huangshan Saifu 188bet app Cultural Industry Development Fund (Limited Partnership) for 750,000 yuan.85% shares。

According to the announcement，Previously，August 9, 2019，The company and related party Huangshan Saifu Tourism and Cultural Industry Development Fund (Limited Partnership) jointly invested 60 million yuan to participate in the capital increase and share expansion of Huangshan Liubaili Houkui Tea Co., Ltd.。Among them，Our company invested 11 million yuan，Accounting for 9% of the total share capital of 188bet app after the capital increase.17%；Huangshan Saifu Fund invested 49 million yuan，Accounting for 40% of the total share capital of 188bet app after the capital increase.85%。

Company name，Secondly, the equity acquisition is for further advancement“Cultural Tourism + Tea Tourism”fusion，Realizing strategic synergy between the tourism industry and the tea industry。After this transaction is completed，Yundian Investment will become a shareholder of 188bet app，Holding 188bet app 40.85% shares；The company will directly and indirectly hold 188bet app 50.02% shares。Relevant opinions issued in accordance with the shareholders’ agreement，The company and the founder shareholders jointly control 188bet app，188bet app is a joint venture of the company，This acquisition will not result in a change in the scope of the company’s consolidated statements。

As understood，Huangshan Yundian Investment Management Co., Ltd. was established on March 3, 2021，Registered capital is 500 million 188bet app，Business scope includes equity investment、Investment Management、Management Consulting。Among them，The company holds 100% equity of Yundian Investment。As of September 30, 2021，Total assets in the consolidated statement of Yundian Investment 7941.170,000 188bet app，Net worth 6869.780,000 188bet app；Achieve operating income of 152 from January to September 2021.01 188bet app，Net profit is -210.220,000 188bet app。

Huangshan Liubaili Houkui Tea Co., Ltd. was established on March 13, 2000，Registered capital 71.41 million yuan，Business scope includes green tea production、Processing、Sales，Tourism investment and development，Cultural Tourism，Protection of intangible cultural heritage，Museums, etc.。As ​​of December 31, 2020，188bet app’s total assets 1.3.1 billion yuan，Net worth 8725.470,000 yuan；Achieved operating income of 1761 in 2020.480,000 yuan，Net profit-577.360,000 yuan (unaudited)。As of September 30, 2021，188bet app’s total assets 1.2.5 billion yuan，Net worth 7450.150,000 yuan；Achieved operating income 1539 from January to September 2021.850,000 yuan，Net profit is -899.630,000 yuan。

It is reported，188bet app is located in Huangshan City，The property rights of the tea planting bases owned are clear，Has high resource scarcity，is the nationally certified Taiping Houkui core production area of ​​origin，With the blessing of provincial intangible cultural heritage skills，Already has certain brand influence in the region。At the same time, in order to ensure the quality of the entire tea chain is controllable，In recent years, 188bet app has used blockchain technology to actively empower the entire Taiping Houkui industry chain。

Announcement display，In view of the fact that Huangshan Saifu Fund has carried out preliminary incubation of 188bet app in accordance with the company’s development strategy，Initially improved the target company’s internal governance structure and market-oriented operation mechanism construction，To better integrate 188bet app into the company’s overall strategic plan，Gain further development space in the integration of tea and tourism，Realizing strategic synergy between the tourism industry and the tea industry，The company plans to implement this acquisition。This acquisition can be achieved through resource integration，Further opening up the industrial chain，Promote tea tourism、Development of tea culture and other related industries，Achieve win-win benefits，Conducive to continuously improving the brand and market value of 188bet app，At the same time, it will help the company further improve its products and business structure，Promote the sustainable development of the company，In line with the interests of the company and all shareholders。