June 7，Announcement of Hainan Haiqi Transportation Group Co., Ltd.，Received inquiry letter from Shanghai Stock Exchange。

Plan display，At present, the main duty-free market in Hainan Islands is China Duty Free、Sea travel tax exemption、Haikong Global Premium Duty Free、China server tax exemption、Shenzhen Duty Free。Public information display，Haikong Global Premium Duty Free and the target company are both controlled by the Hainan Provincial State-owned Assets Supervision and Administration Commission。With the increase of competitors and potential competitors in China’s duty-free market，188bet app The market share and operating performance of the target company will be affected to a certain extent。Shanghai Stock Exchange requires companies to combine the policy trends of the industry in which the target company is located、Competitive Landscape、Market share and other factors，Supplementary disclosure of the core competitiveness and sustainable profitability of the target company。Also explain whether this transaction will help listed companies avoid horizontal competition、Enhance independence。

According to the inquiry letter，After this transaction is completed，Listed companies will transform from traditional passenger transport business to comprehensive tourism business，Facing including organizational structure、Operation and management challenges in internal control and talent introduction。Please companies combine strategic planning and development positioning，Describe the subsequent integration measures and planning arrangements to be carried out。

Plan display，The target company’s performance changed significantly during the reporting period，2020、2021、Respectively 188bet app download achieve revenue 0 in the first quarter of 2022.1.3 billion yuan、24.500 million yuan、13.800 million yuan，Net profit is -0.5.3 billion yuan、-0.5.5 billion yuan、0.6 billion yuan。The Shanghai Stock Exchange also requires companies to take into account their business development、Changes in fees during the period, etc.，Explain the main reasons and rationality for substantial revenue growth but negative net profit in 2021。

As understood，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 Development Co., Ltd.，And issue shares to specific qualified investors to raise supporting funds。Among them，Hainan Tourism Investment holds 100% equity of Hainan Tourism Duty Free。Hailv Duty Free mainly engages in offshore island duty free business and daily consumer goods，Currently tax-free on outlying islands、Cross-border e-commerce、188bet Online Sports Betting and Casino The layout of the three major commercial sectors of islanders’ duty-free。