June 8，According to the announcement issued by ST Cloud City，The 188bet login plans to hold Mianning Kanglv Investment and Development Co., Ltd.、Yunnan Chengtou Longjiang Real Estate Development Co., Ltd.、100% equity of Yunnan Chengtou Longrui Real Estate Development Co., Ltd. was sold to Yunnan Chengtou Kangyuan Investment Co., Ltd., a wholly-owned subsidiary of Yunnan Kanglv Holding Group Co., Ltd., the 188bet login’s controlling shareholder, through a non-public agreement transfer。As of June 8，The principal balance of the loan from Kanglv Group and its subsidiaries to the 188bet login is approximately 136.1.3 billion yuan；Kanglv Group provides the 188bet login with a guarantee balance of approximately 121.5.9 billion yuan，The 188bet login provides a guarantee balance of 61 for Kanglv Group.9.5 billion yuan。

According to the announcement，Yunnan Chengtou Kangyuan Investment Co., Ltd. was established on April 25, 2018，Business scope includes investment activities with own funds，Business management, etc.。As of now，Kanglv Group holds 100% equity of Kangyuan 188bet login，Kangyuan 188bet login is a wholly-owned subsidiary of Kanglv Group。As of December 31, 2021，188bet login operating income 11.600 million yuan，Net profit -20.9.8 billion yuan。

As understood，Mianning Kanglv Investment and Development Co., Ltd. was established on May 22, 2018，Business scope includes real estate development and operation，Elderly Care Services，Hotel Management，Catering Services，188bet login resource development，188bet login project planning services, etc.。Yunnan Chengtou Longjiang Real Estate Development Co., Ltd. was established on November 14, 2013，Business scope includes real estate development and operation，Real Estate Brokerage Services，Real estate project investment，Information technology consulting services, etc.。Yunnan Chengtou Longrui Real Estate Development Co., Ltd. was established on March 19, 2010，Business scope includes real estate development and operation，Old City Renovation，House rental, etc.。

It is reported，*ST Yuncheng once issued an announcement，To optimize financial structure，Improve business conditions，The 188bet login plans to transfer the equity of 20 subsidiaries and 1 hotel asset。Announcement display，Through this asset sale，The 188bet login will gradually transform into property management、A comprehensive urban service provider with light asset operations focusing on core businesses such as commercial management operations。At the same time，The 188bet login expects to disclose this restructuring plan in June 2022。