On July 8, 2015, China Outdoor Network, a well-known domestic outdoor tourism website, signed an agreement in Changsha with representatives of the Mango Haitong Creative Culture Investment Fund, securing a 40 million RMB Series A strategic investment from the "Mango Haitong Creative Culture Investment Fund," jointly established by Mango Media Co., Ltd. (a market entity controlled by Hunan Broadcasting & Television Group), Haitong Securities, Xiamen C&D, and Zhongnan Heavy Industries.
In terms of offline business, China Outdoor Network will continue to leverage its years of experience in organizing large-scale outdoor events and competitions, and integrate the advantageous media resources of Mango Media and its subsidiaries such as Hunan Satellite TV. It will keep providing large-scale outdoor event and competition planning services for tourism destination governments and scenic areas, promoting the transformation and upgrading of the tourism industry, advocating nationwide fitness, enriching the supply of public service products such as sports events, and supporting the development of China's leisure tourism and leisure sports industries.