May 11，*ST Yuncheng announced，May 10, 2022，Yunnan Urban Investment received the "Notification Letter" from the controlling shareholder Kanglv Group，Kanglv Group and Ligen Financial Leasing (Shanghai) Co., Ltd. due to financial leasing contract case，Resulting in Ligen Leasing applying to the Shanghai Pudong New District People’s Court to implement a waiting list freeze on the Yunnan Urban Investment shares held by Kanglv Group，The number of frozen shares is 640,150,575 188bet online sports betting shares，Accounting for 39% of the total share capital of Yunnan Urban Investment.87%。As of the disclosure date of this announcement，Yunnan Chengtou’s controlling shareholder Yunnan Kanglv Holding Group Co., Ltd. holds 640 unrestricted tradable shares of Yunnan Chengtou,150,575 shares，Accounting for 39% of the total share capital of Yunnan Urban Investment.87%。

Announcement display，Currently，The control of the company has not changed，This matter will not affect the normal operation and management of the company。Currently，Kanglv Group is actively communicating with frozen applicants，Unfreeze the company’s stock as soon as possible。

Announcement display，About debt overdue and credit rating status，Within the last year，Kanglv Group has no major overdue debts；There is a situation where the credit rating of the entity and debt is downgraded；As of December 31, 2021，Kanglv Group’s short-term debt is approximately 51 billion yuan。In addition，188bet app Kanglv Group relies on its own operations to improve quality、Asset revitalization and strong government support，Maintaining a strong ability to repay debts。Kanglv Group is currently operating normally，Having the ability to repay funds，No non-operating funds occupied、Illegal guarantees and other situations that infringe the interests of the company。