SHANGHAI, Jan. 19,
2024 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY)
("The9" or the "Company"), an established Internet company, today
announced that it was informed by its Chairman and CEO,
Jun Zhu, of his intention to use
personal funds to purchase up to 10% of the Company's outstanding
American depositary shares in the open market from time to time at
prevailing market prices in accordance with applicable rules and
regulations.
"As the Chairman and CEO, I must follow all the rules and
regulations on purchasing Company's shares in the open market in
strict compliance," Mr. Zhu said in a statement about his purchase
plan. "Market is currently very volatile, but I believe in the
Company's business potential and our goal of achieving long-term
growth for the Company."
About The9 Limited
The9 Limited (The9) is an Internet company based in China listed on Nasdaq in 2004. The9 aims to
become a diversified Internet company, and is engaged in blockchain
business including the operation of cryptocurrency
mining.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the
United States 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. Such
statements are based upon management's current expectations and
current market and operating conditions and relate to events that
involve known or unknown risks, uncertainties and other factors,
all of which are difficult to predict and many of which are beyond
The9's control. The9 may also make written or oral forward-looking
statements in its periodic reports to the SEC, in its annual report
to shareholders, in press releases and other written materials and
in oral statements made by its officers, directors or employees to
third parties. 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 factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: The9's goal and strategies; The9's expansion plans;
The9's future business development, financial condition and results
of operations; The9's expectations regarding demand for, and market
acceptance of, its products and services; The9's expectations
regarding keeping and strengthening its relationships with business
partners it collaborates with; general economic and business
conditions; and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in The9's filings with the SEC. All information provided
in this press release is as of the date of this press release, and
The9 does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
View original
content:https://www.prnewswire.com/news-releases/the9s-chairman-and-ceo-to-purchase-no-more-than-10-of-the9-adss-in-the-open-market-302039412.html
SOURCE The9 Limited