The9 Limited Receives Strategic Investment from | Crypto News

SINGAPORE, March 31, 2025 /PRNewswire/ — The9 Limited (NASDAQ: NCTY) (hereinafter known as “The9”), an established Internet company, introduced immediately that it has signed personal placement agreements with industry-leading cryptocurrency investment funds Elune Capital, Fine Vision Fund and Bripheno Pte. Ltd. (hereinafter collectively known as “the Investors”). Pursuant to the settlement, the Investors will invest US$8 million in The9. The9 will concern Class A common shares to the Investors with share price equal to the average closing price of the 30 consecutive trading days earlier than the signing of the agreements. The shares issued are subject to statutory lock-up period.

The9 will set up a new company to operate its world GameFi platform. The9 will search cooperation with a worldwide third-party cryptocurrency basis, and the GameFi cash issued by the inspiration will likely be used because the official cryptocurrency for The9’s world GameFi platform. The9 can even search cooperation with a main world cryptocurrency exchange, which will likely be liable for selling cryptocurrency customers on its platform to affix The9 world GameFi platform.

The9 will concern 302,263,200 stock warrants to traders, every of which represents the proper to buy one Class A common share (equal to 1,007,544 ADSs, assuming all warrants are exercised). All warrants have an train period of two years. The train price of half of the warrants is US$60 per ADS. The different half of the warrants will likely be divided into two equal batches, and every batch of warrants will likely be subject to its train situation. The train circumstances are as follows: one-half of the warrants may be exercised after the investor or its business companion indicators a strategic cooperation settlement with The9, and the opposite half of the warrants may be exercised after The9 GameFi platform is launched. The train price is similar because the ADS issuance price underneath these agreements.

George Lai, Executive Director and CFO of The9, mentioned: “This strategic cooperation is an important milestone for The9 to enter into the global GameFi industry. The investment and support from well-known cryptocurrency investment funds will make our new global GameFi platform concept “The Platform is a Big Game” doable. We plan to concern 10% of our shares within 3 years to assist the longer term market, operation and exchange of GameFi cash. The high-dimensional world GameFi platform is totally different from all earlier gaming platforms. We anticipate the total “coin-share linkage” will entice a giant quantity of diversified avid gamers, cryptocurrency customers and the best Web2 and Web3 video games. We stay up for utilizing blockchain technology and cryptocurrency to offer an glorious gaming expertise that conventional video games can’t present. We imagine that the worldwide cryptocurrency and gaming industries are looking forward to a GameFi platform that may convey a giant scale of conventional avid gamers into the cryptocurrency world. “Promoting the universal access and application of cryptocurrency in gaming” is the mission and objective of this cooperation. With the robust cryptocurrency consumer base of the main world cryptocurrency exchange and The9’s sources and expertise within the gaming industry, we imagine that our new world GameFi platform will quickly turn out to be the market chief.”

Safe Harbor Statement

This present report comprises forward-looking statements. These statements are made underneath the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be recognized by terminology akin to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and related statements. Such statements are based mostly upon management’s present expectations and present market and working circumstances and relate to occasions that contain recognized or unknown dangers, uncertainties and different components, all of that are troublesome to foretell and plenty of of that are past The9’s control. The9 may make written or oral forward-looking statements in its periodic studies to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or workers to 3rd events. Statements that aren’t historic details, together with statements about The9’s beliefs and expectations, are forward-looking statements. Forward-looking statements contain inherent dangers and uncertainties. A quantity of components may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: The9’s objective and techniques; The9’s growth plans; The9’s future business development, financial situation and outcomes of operations; The9’s expectations relating to demand for, and market acceptance of, its services and products; The9’s expectations relating to protecting and strengthening its relationships with business companions it collaborates with; basic financial and business circumstances; and assumptions underlying or associated to any of the foregoing. Further info relating to these and different dangers is included in The9’s filings with the SEC. All info supplied on this announcement is as of the date hereof, and The9 doesn’t undertake any obligation to replace any forward-looking assertion, besides as required underneath relevant 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 is dedicated to turn out to be a world diversified high-tech Internet company and is engaged in online video games operation and Bitcoin mining business.

About Fine Vision Fund

Fine Vision Fund was established in Singapore in 2022 by Finewill Capital, an internationally famend investment establishment. Fine Vision Fund is devoted to investing in world sport initiatives and supporting the longer term of the sport industry. The first part of the fund has a scale of tens of thousands and thousands of US {dollars}. It has invested in numerous sport development and distribution initiatives overlaying MMORPG, SRPG, Sports, Strategy simulation, and informal video games, and many others. The fund is enthusiastic in regards to the progressive business model of video games and the combination of conventional sport development expertise with cutting-edge blockchain technology. Through the creation of this worldwide sport fund, it goals to infuse new power into the sport and blockchain industry and foster its development and growth.

Fine Vision Fund employs an open working model. The fund’s contact element and utility channel are publicly accessible to sport groups each domestically and internationally, with none strict restrictions on the sport sort or dimension. As the project progresses, the full investment will proceed to grow. Beyond offering financial assist to initiatives with great business potential, Fine Vision Fund can even offer information sharing and abroad working expertise to sport builders.

Fine Vision Fund stays optimistic in regards to the long-term growth of sport industry. It is leveraging its industry sources to assist sport groups worldwide and strengthening the bridge between the native and world sport industries.

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SOURCE The9 Limited

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