SHANGHAI, May 24, 2024
/PRNewswire/ -- The9 Limited (Nasdaq: NCTY) (the "Company"), an
established Internet company, today announced that its wholly-owned
subsidiary China Crown Technology Limited ("China Crown"), a company incorporated in
Hong Kong, entered into an
exclusive publishing license agreement (the "License Agreement")
with Wemade Co., Ltd. ("Wemade"). Pursuant to the License
Agreement, China Crown will
exclusively publish and service the new MIR M game in mainland
China, in both Mobile and PC version. The game may include
blockchain technology in accordance with relevant PRC laws and
regulations, subject to further agreement between the parties. The
license term is 5 years from the commercial launch date and may be
extended for another 1 year if such extension is not objected by
either Party. The Commercial launch is expected in early 2025.
"MIR is one of the biggest game IPs in China. We will work efficiently and
effectively with the Korean top game developer Wemade, to bring
brand new gaming experience to Chinese gamers. The game operation,
publishing and appreciation will be very different from the
traditional way. We will also explore the utilization of AI in game
development, which the gamers have been looking forward, like
improving NPCs, procedural content generation, personalized
behavior prediction, etc," said Mr. George
Lai, Director and CFO of the Company.
Safe Harbor Statement
This current report contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates" and similar statements. Such
statements are based upon management's current expectations and
current market and operating conditions and relate to events that
involve known or unknown risks, uncertainties and other factors,
all of which are difficult to predict and many of which are beyond
The9's control. The9 may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission ("SEC"), in its annual report to shareholders,
in press releases and other written materials and in oral
statements made by its officers, directors or employees to third
parties. Statements that are not historical facts, including
statements about The9's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: The9's goal and strategies; The9's expansion plans;
The9's future business development, financial condition and results
of operations; The9's expectations regarding demand for, and market
acceptance of, its products and services; The9's expectations
regarding keeping and strengthening its relationships with business
partners it collaborates with; general economic and business
conditions; and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in The9's filings with the SEC. All information provided
in this announcement is as of the date hereof, and The9 does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
The9 Limited
17 Floor,
No. 130, Wu Song Road,
Hong Kou District,
Shanghai 200080, PRC
About The9 Limited
The9 Limited (The9) is an Internet company listed on Nasdaq in
2004. The9 aims to become a global diversified high-tech Internet
company, and is engaged in blockchain business including the
operation of cryptocurrency mining. The9 is also
stepping into AI application business in different industries.
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SOURCE The9 Limited
