SHANGHAI, Sept. 4, 2018 /PRNewswire/ -- The9 Limited
(Nasdaq: NCTY) ("The9"), an established Internet company, today
announced that the Chairman and CEO Mr. Jun
Zhu has entered into a share purchase plan to purchase
The9's American depositary shares ("ADSs") from the open market in
accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
Mr. Jun Zhu plans to purchase
US$3 million worth of The9's ADSs in
this share purchase plan.
About The9 Limited
The9 Limited is an Internet company based in China. The9 has stepped into
blockchain-related business. The9 also develops and/or operates its
proprietary mobile games including the CrossFire New Mobile Games,
Audition mobile, Fashion Pop and Q Jiang San Guo.
Website: http://www.the9.com/en/
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," "considers," and similar statements. Among
other things, statements about the potential transactions 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, The9's
ability to license, develop or acquire online games that are
appealing to users, The9's ability to retain existing players and
attract new players, The9's ability to anticipate and adapt to
changing consumer preferences and respond to competitive market
conditions, 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, 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.
View original
content:http://www.prnewswire.com/news-releases/the9-limited-announces-share-purchase-plan-by-chairman-and-ceo-300706020.html
SOURCE The9 Limited