On November 2nd, the announcement of Chinese Online at noon today showed that the company signed the Qingdao Municipal Government and Social Capital Cooperation (PPP) Fund Framework Agreement with five enterprises, including Party A's China Railway 17th Bureau, Party B's Qingdao Bank, Party C's Zhongzhuang Construction, Party D's China Investment Association's Emerging Industry Center, and Party E's ant fortune Investment Fund Management Co., Ltd., with a total scale of 1 billion.

Chinese Online, as Party D, participates in the cooperation of the Fund, and Party D, as an industry consultant of PPP Fund, provides policy and technical support services for the Fund in terms of national industrial policy, PPP policy, fund structure, share raising and financial calculation.

the agreement stipulates that "the fund adopts multi-manager mode, with Party E as the manager; The total scale is 1 billion, and the priority investor is Qingdao Bank or the joint investor with Qingdao Bank as the lead bank, and the subscribed capital contribution accounts for 8% of the total amount; The secondary and inferior subscribed investors are other parties, accounting for 2% of the total amount. The fundraising method is to raise funds by stages, without setting up a fund pool, and it is necessary to follow the principle of project start-up, that is, the PPP project must actually exist before the fund can be raised. "

the announcement shows that from November 215 to October 216, Chinese Online signed cooperation agreements with four companies including Rongxinda Culture Development Co., Ltd. and Beijing Sanzhi Qiming Investment Fund Management Co., Ltd. on IP development, content copyright and other contents. At present, except for two cooperative works, no agreement has been reached on specific project conditions, and no specific project has been promoted.

The financial report for the third quarter of 217 disclosed in Chinese online shows that the company achieved operating income of 472 million yuan in the first three quarters, up 29.53% year-on-year; The net profit was 37.1778 million yuan, an increase of 26.66% year-on-year.