About The9 Limited
The9 Limited is an online game developer and operator in China. The9 develops and/or operates, directly or through its affiliates, its proprietary mobile games and web games, including CrossFire new mobile game, Audition AR and Soul Awake. The9’s joint venture has also obtained an exclusive license for publishing and operating CrossFire 2, which is under development by a third-party game developer, in China. The9 also engages in mobile advertising and mobile app education businesses.
About IE Limited
IE Limited operates an influencer marketing platform and Webtoon game developer. IE seeks to promote marketing solutions with the best return for advertisers and deliver the most enjoyable gaming experience. Based on intelligence generated from its influencer marketing platform, IE Limited develops games in-house and subsequently advertise via the most effective channels on its platform.
Smartposting is the No. 1 influencer marketing platform in Korea. Smartposting trusts that influencers know their audience best and empowers them to lead the entire process, resulting in highly effective advertising campaigns. Smartposting has an experienced management team and mature in-house technology which enables it to gain valuable customer insights useful for optimizing campaigns.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. 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. Among other things, statements about the potential transaction may constitute forward-looking statements. 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 important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, political and economic policies of the Chinese government, the laws and regulations governing the online game industry, information disseminated over the Internet and Internet content providers in China, intensified government regulation of Internet cafes, The9’s ability to retain existing players and attract new players, The9’s ability to license, develop or acquire additional online games that are appealing to users, The9’s ability to anticipate and adapt to changing consumer preferences and respond to competitive market conditions, and other risks and uncertainties outlined in The9’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F. The9 does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For further information, please contact:
Ms. Connie Sun
Investor Relations Manager
Tel: +86 (21) 5172-9990
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the9-limited-signs-definitive-agreement-regarding-private-placement-300474536.html
SOURCE The9 Limited