500.com is a leading online sports lottery service provider in China with an established and entrusted brand. We were successfully listed on the NYSE in 2013 (NYSE: WBAI). We act as an aggregator and processor of lottery purchase orders from our registered user accounts and currently derives substantially all of our revenues from service fees paid to us by provincial sports lottery administration centers for the purchase orders of sports lottery products that are directed to such centers. We offer a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. Since our establishment in 2001, 500.com is among the first companies to provide online lottery services in China, and is one of the two entities that are authorized by the Ministry of Finance to provide online lottery sales services on behalf of China Sports Lottery Administration Center. Through over 14 years of continued and unremitting dedication, we have built a prominent brand, which is known in the industry and by our users for its credibility and reliability.