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 188bet sports betting app download Duty Free Products Co., Ltd. held by 188bet sports betting app download 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, 188bet sports betting app download, holds 90% of the company’s controlling shareholder Hainan Haiqi Investment Holding Co., Ltd.，is the indirect controlling shareholder of the company，Therefore, this transaction constitutes a related transaction，It will not lead to a change in the actual controller of the company。

As understood，188bet sports betting app download 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.。188bet sports betting app download 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，Travel Passenger Transport，Tourism project development，Real estate development and management，Hotel Management，Catering Management，Amusement facilities 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 188bet sports betting app download restructuring plan or the restructuring report。

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