June 7，Junting 188bet app issued an announcement，The total amount of funds proposed to be raised by issuing A shares to specific targets shall not exceed 5.1.7 billion yuan，The net proceeds after deducting issuance expenses are planned to be invested in new directly-operated 188bet app investment and development projects and existing 188bet app decoration and upgrade projects。

Among them，Total investment in new direct-operated 188bet app investment and development projects 46,415.230,000 yuan，Planned to use raised funds 4.6.4 billion yuan；Total investment in existing 188bet app decoration and upgrade project 5,359.700,000 yuan，Planned to use 53 million yuan of raised funds。

New direct 188bet app investment and development projects planned in the next 3 years，In Hangzhou、Beijing、Shenzhen、Constructing 15 hotels in three batches in major core cities across the country such as Wuxi，The first batch of 6 construction companies，The second batch of 4 buildings，The third batch of 5 construction companies，They are all mid- to high-end selected service hotels directly operated by the company。After the project is completed，Added 2 new rooms,384 rooms，After reaching full capacity, the new average annual income will be 40,197.380,000 yuan、New average annual net profit 7,724.630,000 yuan。

Same day，Junting 188bet app issued an announcement regarding the proposed change of company name。The company held the eighth meeting of the third board of directors on June 6, 2022，Deliberated and approved "About changing the company name、Modify<Articles of AssociationAnd the proposal to handle changes in industrial and commercial registration》。The Chinese name before the change was Zhejiang Junting 188bet app Management Co., Ltd.，Planned to change the Chinese name to Junting 188bet app Group Co., Ltd.；The English name before the change was Zhejiang SSAW Boutique Hotels Co.,Ltd.，Proposed to change the English name to SSAW Hotels & Resorts Group Co.,Ltd.；Securities abbreviation“Junting 188bet app”and securities code“301073”Remain unchanged。