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Deying Holdings is one of the leading domestic character IP companies in China，Has high brand awareness。

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The joint venture will create a one-stop new service platform for "new destinations, new tourism and new life" shared by hosts and guests。

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The share exchange ratio between Shougang 188bet best bookmaker and Wangfujing is 1:0.3044。

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The total investment in the joint venture Shenzhen Maisuirong Media Co., Ltd. is RMB 300 million。

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After this increase in holdings，Mr. Yang Ziping holds 6% of the company’s total share capital.02%。

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will directly hold 285 188bet best bookmaker of the company,000 188bet best bookmaker，Accounting for 0 of the company’s total share capital.04%。

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Reduce its holdings of unrestricted tradable 188bet best bookmaker through block transactions，Accounting for 2% of the company’s total share capital。

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The repurchased 188bet best bookmaker accounted for 1 of the company’s total share capital as of September 30, 2020.75%。

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The reduction is due to the company’s own capital needs.

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