June 15，Botao Culture announced，The company needs business development and operation，It is planned to use the wholly-owned subsidiary Dalian Boyue Technology Development Co., Ltd. and Cangnan County 188bet app download Co., Ltd. to jointly establish Cangnan Bohai Cultural Tourism Co., Ltd. (tentative name)，The registered capital of the joint venture is 15 million yuan，Registered place is Cangnan County, Wenzhou City。Cangnan County 188bet app download Co., Ltd. subscribed 10.5 million yuan in currency，Accounting for 70% of the equity。Dalian Boyue Technology Development Co., Ltd. subscribed 4.5 million yuan in currency，Accounting for 30% of the equity。

Announcement display，As 188bet app download date of this announcement，The total amount 188bet app download company’s external investment in the same or related assets within 12 consecutive months，Zhan Botao Culture’s audited total assets in 20202.9 of 700 million yuan.12%，Zhan Botao Culture’s 2020 audited net assets attributable to shareholders 188bet app download parent company1.17 of 1.6 billion yuan.22%。Therefore, according to the provisions 188bet app download "Administrative Measures for Major Asset Reorganization of Unlisted Public Companies"，This transaction does not constitute a major asset reorganization。

As understood，The joint venture company Cangnan Bohai Cultural 188bet app download Co., Ltd. (tentative name) is registered in Cangnan County, Wenzhou City，Business scope includes literary and artistic creation and performance，188bet app download resource development、Tourist attraction management services，Development of tourist souvenirs、Sales，Travel information consultation，Business Management Consulting Services，Conference and exhibition services, etc.。After the joint venture is established，The company should pay the investment amount of 4.5 million yuan in two installments before July 31, 2022。

This external investment is based on the company’s development strategic plan，Expand the company's business scope，Enhance the company’s visibility and profitability，Further improve the company’s comprehensive competitiveness。After the establishment 188bet app download new company，May face operational management、Risks in internal control and other aspects。The company will adopt appropriate strategies、Management measures to strengthen risk control。This investment will not have an adverse impact on the company’s finances and operations，In the long run, it will help the company expand its business scope，Improve the company’s comprehensive strength and market competitiveness、Have a positive impact on future development。

It is reported，Botao Culture uses computer graphics technology、Based on vision system integration technology and software technology，Designing an immersive multimedia experience project，Provide customers with customized overall solutions or products，Specifically divided into multimedia technology development and implementation、Dome theater integration and animation outsourcing services and other related businesses。