Tempower 188bet sports betting announced on the evening of May 12th，Based on current progress，The company failed to complete the due diligence of the target company within 6 months after the first board meeting of this reorganization、Audit、Evaluation and other work and issuing a notice of shareholders’ meeting，The company believes that the conditions for this major asset restructuring are not mature。All parties to the transaction are equal、Full consultation，The company decided to terminate this major asset reorganization matter。

Tempower International released its restructuring plan in November 2015，The company plans to issue shares and pay cash，Quotation 8.Acquisition of 55% equity of Xiyou International Travel Service for RMB 800 million，At the same time, it is planned to raise no more than 8 matching funds.800 million yuan。According to introduction，Xiyou International Travel is an outbound 188bet sports betting comprehensive service provider committed to building a full industry chain，Provide outbound travel product group、Wholesale and comprehensive 188bet sports betting destination services, etc.。

Announcement，In view of the large size of the target 188bet sports betting，There are many domestic and foreign entities，The equity structure is more complicated，The adjustment of its structure involves the pre-approval procedures of multiple domestic and foreign departments，The 188bet sports betting failed to complete the due diligence investigation of the target 188bet sports betting as scheduled、Audit、Evaluation and other work，The 188bet sports betting believes that the conditions for this major asset restructuring are not mature，Decided to terminate this major asset reorganization。

At the same time Tempus International Name，The company plans to cooperate with other investors to increase the capital of the target company 188bet sports betting with a total amount of no more than 200 million yuan，The capital increase is mainly used for the target company’s business layout in overseas tourist destinations that are five hours away from China, such as Japan, South Korea and Southeast Asia，Optimize its existing business structure。Among them，The company plans to increase its capital by no more than 50 million yuan，After the capital increase, it will hold about 4% of the target company.17% equity，This capital increase does not constitute a major asset reorganization。

Represented by Tempus 188bet sports betting，The termination of this major asset reorganization will not have any adverse impact on the company's production and operations，It will not affect the company’s future strategic planning。At the same time, the company promises，Within three months from the date of termination of this major asset reorganization，No longer planning major asset reorganization matters。

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