Evening of November 18th，Xiangyuan Culture Announces Major Asset Reorganization Report (Draft)，The company plans to use 17.Price of 3.1 billion yuan，Purchase 100% equity of Bailong Green held by Xiangyuan Tourism Development, a subsidiary of Xiangyuan Holdings、100% equity of Phoenix Xiangsheng、100% equity of Huanglong Cave Tourism、80% equity of Qiyunshan Co., Ltd. and 100% equity of Xiaodao Technology。

Company representation，This transaction will inject a number of scarce cultural and tourism resources under Xiangyuan Holdings into the listed company，The resource endowment is extremely scarce and 188bet Online Sports Betting and Casino has strong future profitability；After the transaction is completed，Based on animation owned by current listed companies、Animation IP resource reserves and related cultural innovation and development 188bet app capabilities，The injection of high-quality cultural tourism assets will help promote the listed company’s in-depth development in the field of cultural tourism。

After the acquisition is completed，The business development of both parties is highly coordinated，Comprehensive competitiveness will be further strengthened。Based on animation owned by current listed companies、Animation IP resource reserves and related cultural innovation and development 188bet app capabilities，The injection of high-quality cultural tourism assets will help promote the in-depth development of listed companies in the field of cultural tourism: on the one hand，Listed companies can rely on the target company’s scarce 188bet app download tourism destination resources，Explore Chinese cultural elements and deeply integrate them with the real tourism economy and consumption scenarios through IP and technological means，Empower listed companies’ cultural tourism industry chain resources，Achieving diversified business development and applications；On the other hand，The target company is based on the development and operation of current tourism destination resources，Fully introduce listed companies in animation、Core capabilities such as cultural innovation and original IP in the animation field，Further enrich the consumption experience of tourist destinations，Enrich the cultural connotation of tourism products and services，Promote the mutual empowerment of culture and tourism，Achieve“Online cultural products + offline tourism scenes”Collaborative development，Explore building with “Cultural IP+Tourism+Technology”Xiangyuan characteristic cultural tourism industry model as the core，To become a leading enterprise in 188bet app download the innovative and integrated development of China’s cultural tourism industry in the future。(China Net Finance)