The9 Limited recently announced a private placement agreement with Fine Vision Fund, an investment institution dedicated to supporting the global game industry. The Agreement involves an investment of US$3.5 million, with Fine Vision Fund acquiring Class A ordinary shares in The9. The strategic investment is aimed at capitalizing on the opportunities presented by combining traditional and Web3 games.
According to Mr. Ronnie Lee, Managing Partner of Fine Vision Fund, the integration of traditional and Web3 games will create explosive opportunities in the industry. He expressed his belief that by partnering with The9, they can become leaders in this innovative market.
Mr. George Lai, Director and CFO of The9, shared his enthusiasm for the collaboration with Fine Vision Fund, citing the successful track record of the fund in incubating Web2 and Web3 games globally. He anticipates that this strategic investment will mark the beginning of a fruitful cooperation that will lead to further collaborations in the future.
The announcement also included a Safe Harbor Statement, cautioning investors about the inherent risks and uncertainties associated with forward-looking statements. The statement emphasized the unpredictable nature of market conditions and external factors that may impact the company’s performance.
Fine Vision Fund, established in 2022 by Finewill Capital, focuses on investing in global game projects and promoting innovation within the industry. The fund’s open operating model allows game developers from around the world to access funding and expertise to enhance their projects.
As The9 Limited continues to expand its presence in the Internet and blockchain sectors, this strategic partnership with Fine Vision Fund underscores its commitment to driving growth and innovation in the game industry.
For more information about The9 Limited and its recent agreement with Fine Vision Fund, please visit the company’s official website at http://www.the9.com. Investors can also reach out to Ms. Rebecca Cai, Investor Relations Specialist at The9 Limited, for inquiries about the company’s financial performance and strategic initiatives.
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