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Share this article Share this article SHENZHEN, China, Jan. 28, 2021 /PRNewswire/ 500.com Limited (NYSE: WBAI) ( 500.com or the Company ), today announced that it has entered into a share subscription agreement (the Share Subscription Agreement ), pursuant to which it has conditionally agreed to subscribe for 169,354,839 shares of Loto Interactive Limited (HKEX: 08198) ( Loto Interactive ) at a price of HK$0.62 per share for a total consideration of approximately HK$105 million (approximately US$13.5 million) in cash (the Share Subscription ). Closing of the Share Subscription is subject to approval by independent shareholders of Loto Interactive and relevant regulatory authorities, the transactions contemplated by the Acquisition Agreement (as defined below) having become unconditional, as well as other customary conditions set out in the Share Subscription Agreement. The Company currently owns approximately 33.7% of the issued share capital of Loto Interactive. Upon comple

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