May 16，Haicheng Group issued an announcement，Hainan Haiqi Transportation Group Co., Ltd. is planning a major asset restructuring matter。The company plans to issue shares and pay cash to purchase part or all of the equity of Hainan Tourism Investment Duty Free Products Co., Ltd. held by Hainan Tourism Investment and Development Co., Ltd.，And issue shares to specific qualified investors to raise supporting funds。Relevant plans are yet to be further discussed and determined。

Announcement display，The counterparty of this transaction, Hainan Tourism Investment, holds 90% 188bet online sports betting of the company’s controlling shareholder Hainan Haiqi Investment Holding Co., Ltd.，is the company’s indirect controlling shareholder，Therefore, this transaction constitutes a related transaction，It will not lead to a change in the actual controller of the company。

As understood，Hainan Tourism Investment Duty Free Products Co., Ltd. was established on July 21, 2020，Registered capital 500 million yuan，Business scope includes sales of goods in duty-free stores，Housing rental，Supply chain management services，Enterprise Management，Brand management, etc.。Hainan Tourism Investment Development Co., Ltd. was established on September 6, 2019，Registered capital 3 billion yuan，Business scope includes investment project management，Asset Management，Tourism exhibition services，Tourism Park Management Services，Tourist Transport，Tourism project development，Real estate development and operation，Hotel Management，Catering Management，Amusement facilities 188bet sports betting app download engineering construction，Travel consulting services, etc.。

The transaction method of this transaction is expected to be the issuance of shares and payment of cash to purchase assets，May involve raising matching funds。There is still uncertainty in this transaction，The specific transaction methods and other plans shall be subject to the information disclosed in the subsequent announcement of the restructuring plan or the restructuring report。

It is reported，After application to Shanghai Stock Exchange，The company’s stocks will be suspended from trading on May 16, 2022 (Monday)，The trading suspension is expected to be no more than 10 trading days。