SHANGHAI, Nov. 2, 2017 /PRNewswire/ -- The9 Limited
(NASDAQ: NCTY), an online game developer and operator in
China, today announced that its
subsidiary has signed an exclusive publishing agreement with
Alibaba Games' subsidiary, pursuant
to which The9's subsidiary granted Alibaba
Games' subsidiary an exclusive right to publish its
proprietary CrossFire brand new shooting mobile game in
China.
The9 Limited's subsidiary has developed the CrossFire brand new
shooting mobile game using the CrossFire intellectual property
licensed from Smilegate Entertainment, Inc. The9 Limited currently
expects to launch the game in 2018.
The9 Limited's joint venture Oriental Shiny Star Limited has
also signed a settlement agreement with Smilegate Entertainment,
Inc. to terminate the license of CrossFire 2. Under the settlement
agreement, The9 Limited will receive cash refund of the previous
upfront license fee payment from Smilegate Entertainment, Inc.
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 the CrossFire brand new
shooting mobile game, Audition mobile, Knight Forever, Q Jiang San
Guo and Wildlands God of War.
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 testing and launch schedule of the CrossFire
brand new shooting mobile game may constitute forward-looking
statements. Statements that are not historical facts,
including statements about The9 Limited'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 Limited's ability to retain
existing players and attract new players, The9 Limited's ability to
license, develop or acquire additional online games that are
appealing to users, The9 Limited's ability to anticipate and adapt
to changing consumer preferences and respond to competitive market
conditions, and other risks and uncertainties outlined in The9
Limited's filings with the U.S. Securities and Exchange Commission,
including its annual reports on Form 20-F. The9 Limited 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 Specialist
The9 Limited
Tel: +86 (21) 5172-9990
Email: IR@corp.the9.com
Website: http://www.corp.the9.com/
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SOURCE The9 Limited