Tag: The9 Limited

The9 Limited (Nasdaq: NCTY) (the “Company”), an established Internet company, today announced that it will hold its annual general meeting of shareholders (“AGM”) at the Company’s business office, 17 Floor, No. 130 Wu Song Road, Hong Kou District, Shanghai 200080, People’s Republic of China on December 19, 2022 at 2:00 p.m., Shanghai time, for the purpose of considering and, if thought fit, passing the proposed resolution sets forth in the notice of AGM. The board of directors of the Company fully supports the proposed resolution and recommends that shareholders and holders of the Company’s American Depositary Shares (“ADSs”) vote in favor of the resolution sets out in the notice of AGM.

The Board of Directors of the Company has fixed the close of business on November 18, 2022 as the record date (the “Record Date”) for determining the shareholders entitled to receive the notice of, and to attend and vote at the AGM, or any adjournment or postponement thereof.

Holders of record of the Company’s ordinary shares at the close of business on the Record Date (Shanghai time) are entitled to notice of, to attend and vote at the AGM, or any adjournment or postponement thereof. Beneficial owners of the Company’s ADSs who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, The Bank of New York Mellon.

The notice and the form of proxy of the AGM are available on the Company’s website at http://www.the9.com/en/agms.html. The Company has filed its annual report (the “Annual Report”), which includes the Company’s audited financial statements for the fiscal year ended December 31, 2021, with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s Annual Report can be accessed on the investor relations section of its website at http://www.the9.com, and on the SEC’s website at http://www.sec.gov. Holders of the Company’s ordinary shares or ADSs may obtain a copy of the Company’s Annual Report, free of charge, by email to [email protected] or by writing to:

The9 Limited
17 Floor,
No. 130, Wu Song Road,
Hong Kou District,
Shanghai 200080, PRC

The9 Limited (Nasdaq: NCTY) (“The9”), an established internet company, today announced that following the recent signing of partnering stars, its NFT community and trading platform NFTSTAR (www.nftstar.com) has proliferated to 180,000 pre-registered users from 176 countries. The platform is planned to be officially launched one week before Christmas on December 17, 2021.

As of today, NFTSTAR has announced several partnering stars including the NFL football star Christian McCaffrey, Portuguese football legend Luís Figo, Korean football star Son Heung-Min, and two-time NBA MVP winner basketball star Giannis Antetokounmpo and his three brothers.

NFTSTAR is a NFT community and trading platform for users to purchase, trade, and interact. The major transaction contents of the platform are NFT collections developed with global superstar licensed IPs. Each NFT collectible has a unique record on the blockchain, and the users will obtain the ownership of the unique NFT collectible through purchase on the platform, or through trading on NFTSTAR’s marketplace. NFTSTAR will accept general payment methods such as credit cards to make it easy for global users to participate.

The NFTSTAR community platform will cover superstars in various fields, including but not limited to sports, entertainment, art and celebrities in different industries. NFTSTAR community platform aims to create a significant portal to the future metaverse through superstars’ NFT collections, trading, and community interaction.

All pre-register users will receive a limited edition NFT collectible “NFTSTAR Community ID” presented by NFTSTAR when the platform is officially launched. Each NFTSTAR Community ID has a unique record on the blockchain which will be the user’s identity certificate in the NFTSTAR community.

The9 will continue to announce other exclusive partner athletes and artists. NFTSTAR will become a unique “Star Community”.

The9 Limited (Nasdaq: NCTY) (“The9”), an established Internet company, today announced that it signed a legally binding term sheet on a CAD4 million investment in Skychain Technologies Inc. (“Skychain”), a company listed in TSX Venture Exchange in Canada. The purpose of the investment is for the construction and operation of a 12 MW cryptocurrency mining facility located in Birtle, Manitoba, Canada. The9 plans to deploy its cryptocurrency mining machines in this mining facility upon completion of the construction.

According to the term sheet, the investment consists of a convertible note of CAD2 million, which will mature in four years and can be extended for an additional one year at the discretion of The9, and a private placement of CAD2 million (the “Private Placement”). Each unit of the Private Placement consists of one common share and one share purchase warrant that entitles The9 to purchase an additional common share of Skychain for an exercise term of three years.

The completion of the transaction is expected to be within one month, subject to due diligence and customary closing conditions.

The9 is also actively seeking for worldwide mining facilities with low electricity cost and in compliance with local rules and regulations, for the deployment of The9’s cryptocurrency mining machines.