May 24，Wangfujing Group Co., Ltd. issued an announcement，The company has participated in the bidding for 100% equity of Hainan Outlets Tourism Development Co., Ltd., which was publicly listed for sale by Juyuan Xincheng (Tianjin) Investment Management Co., Ltd. on the Beijing Equity Exchange，and has been confirmed as the transferee of this bidding。Among them，Equity transfer price 1.600 million yuan，At the same time bear the principal and interest of shareholder loans7.7.7 billion yuan。

As understood，Hainan Outlets Tourism Development Co., Ltd. was established on March 10, 2011，Registered capital is 300 million yuan，Business scope includes domestic advertising business，Large-scale event organization and planning services，188bet app Product packaging and after-sales service，General goods import and export trade，Leisure clubs and travel services (excluding travel agencies)，Conference and exhibition services，Amusement Park Management，Catering, etc.。Among them，Juyuan Xincheng holds 100% equity of Hainan Tourism，Hainan Tourism holds commercial property at Lot No. 2009-52-4, Wanrang, Lianhua Village, Wanning City, Hainan Province，Currently this property is operated by Hainan Tourism as an outlet project。

Juyuan Xincheng was established in Tianjin Pilot Free Trade Zone on March 24, 2016，Registered capital 500 million yuan，is a wholly-owned subsidiary of Beijing Capital Land Co., Ltd.，Business scope is investment management；Investment Consulting；Real Estate Sales；Real estate leasing。Juyuan Xincheng is an investment holding company under Beijing Capital Land Co., Ltd.，Holding equity in 16 subsidiaries including Hainan Tourism。As of December 31, 2021，Total assets of Juyuan Xincheng 45.5.9 billion yuan，Net assets 15.2.4 billion yuan，2021 net profit 3.1.2 billion yuan。

Announcement，The current domestic outlet business 188bet online sports betting is growing rapidly，Broad market space。Hainan Province should base its efforts on the construction of Hainan Free Trade Port in the future，Create an internationally renowned holiday paradise、Healthy Paradise、Shopping paradise and exhibition highland，Initially established as an international tourism consumption center。To seize this historical opportunity，The company will accelerate the overall development of its various business formats in Hainan，The layout of all projects is based on now，Look to the future，According to different sales targets、Different business district characteristics、Status of different properties，Form different business combinations、New form of business integration，Form strong competitive advantage and influence。

This project has convenient transportation，Can effectively radiate the entire island，Wanning’s local economy is developing rapidly，It is an emerging characteristic high-end tourism area in Hainan Province，Rich tourist and business passenger flow，Brings considerable customer flow to the project。This project already has 188bet app download a certain international reputation、Second-tier outlet brand resources，The company will give full play to its own operating advantages，Focus on lifestyle experience，Make this project the largest in Hainan、The outlet shopping mall with the most diverse business types。