Bilibili entered a framework agreement with Jinjiang Original on Nov 20, 2025, with 2026 costs capped at RMB140 million

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Bilibili entered into a comprehensive cooperation framework agreement with Beijing Jinjiang Original Networking Technology Co., Ltd. on Nov 20, 2025, to collaborate on intellectual property, including its group acquiring copyrights to various works, literature works among them, and using them for adaptation and other purposes. The agreement was to run from Jan 1, 2026 to Dec 31, 2028, and capped the costs Bilibili's group would incur under it at RMB140 million for 2026, RMB145 million for 2027 and RMB150 million for 2028. Under Hong Kong listing rules, Jinjiang Original was a connected person of Bilibili because it was an associate of Tencent, a substantial shareholder of Bilibili, which made the transactions under the agreement continuing connected transactions. Bilibili passed the announcement, dated Nov 20, 2025, to the SEC on a Form 6-K, the report a foreign company files for what it has made public at home.1^,2^,3^,4^,5^,6^,7