January 22，Junting Hotel issued an announcement，To better comply with the company’s development strategy，Improve brand competitiveness and national market expansion，Further improve the efficiency of the use of raised funds，Reduce business risks at the same time，Protect shareholders’ rights and interests，The company and Narada Hotel Group Co., Ltd. signed the "Equity Acquisition Agreement Regarding the 79% Equity Interest of Zhejiang Narada 188bet online sports betting., Ltd." on January 21, 2022、"Equity Purchase Agreement Regarding 70% Equity Interest of Jinglan Hotel Investment Management Co., Ltd."、《About“Junlan”Trademark Transfer Agreement for Series Trademarks》。

Determined through negotiation between the parties to the transaction，The purchase price of 79% equity of Zhejiang Junlan 188bet online sports betting., Ltd. is 66 million yuan、The purchase price of 70% equity of Jinglan Hotel Investment Management Co., Ltd. is 14 million yuan、“Junlan”The transfer price of the series of trademarks is 60 million yuan，Total 1.400 million yuan。

After this transaction is completed，The company will hold 79% equity of Zhejiang Junlan 188bet online sports betting., Ltd.、70% equity of Jinglan Hotel Investment Management Co., Ltd.，The target company will become a holding subsidiary of the company，Included into the scope of the company’s consolidated statements。

Company name，This acquisition accelerates the company’s mid-to-high-end 188bet online sports betting market layout，At the same time, enhance the company’s market competitive position and brand influence。will effectively expand the service depth and business breadth of the domestic high-end 188bet online sports betting market，Broader regional layout，The 188bet online sports betting product level is more complete，Deeper brand connotation，Market competitiveness will be greatly improved。