1. The company issued a semi-annual report. The company's operating income for the first half of the year was 2,426 billion yuan, a slight increase over the previous year; net profit was 140 million yuan, of which net profit was 128 million yuan, an increase of 135% over the previous year. Mainly, the video and reading business contributed to increased profits. EPS was 0.18 yuan/share, an increase of 77.4% over the previous year. 2. The company's strategic transformation, focusing on key points, and steady growth in business development. On March 7, 2017, the company carried out major asset restructuring, expanded the video business, distributed new content, thickened IP copyright, implemented business travel hotels, and active credit use, leveraged the advantages of multiple products and channels, and was committed to becoming a leading Internet intelligent entertainment service company. The monthly activity of the main client of “Tianyi Video” is stable, and the appeal of content has increased. The video business achieved revenue of 634 million yuan in the first half of the year, an increase of 22% over the previous year. The reading business report period achieved operating income of 210 million yuan, an increase of 30% over the previous year. At the same time, profit contribution was increased, and net profit was 22.71 million yuan in the first half of the year. 3. Focusing on Internet video, the layout of the pan-entertainment industry Tianyi Video focuses on Internet video content applications. Its products are Tianyi Video, iWatch 4G, and Tianyi Live. Tianyi Video expands integrated video marketing and cross-screen interaction through comprehensive solutions such as technical services and terminal customization. Through business models such as member ordering, content cooperation, and integrated marketing, Tianyi Video has built an upstream content ecosystem and a foreign cooperation ecosystem, and achieved a comprehensive industrial layout in the Internet video field. 4. Strategic cooperation with Ali Sports, and the cooperation model between operators and Internet companies invites the company to announce that the company has signed a strategic cooperation agreement with Ali Sports (Shanghai) Co., Ltd. Cooperation will be strengthened in content distribution, e-sports events, advertising, and membership points. As the only A-share listed company under China Telecom, Hao100 Holdings is committed to becoming a leading Internet intelligent entertainment service company in response to China Telecom's 3.0 transformation strategy. Ali Sports, on the other hand, is committed to building a basic platform for China's sports economy. It is backed by the Alibaba ecosystem. It has the advantages of a natural digital and big data platform, reached hundreds of millions of user resources, and opened up a sports service chain combining online services and offline activities for users. This cooperation is expected to help both partners produce synergistic benefits and facilitate the long-term development of the company's business. 5. Risk warning: the risk of fierce market competition; new business development falls short of expectations;