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Overview

Founded in 1999 and headquartered in Fuzhou, China, NetDragon Websoft Holdings Limited (HKSE: 00777) is a global leader in online community development. Standing tall among the top performers in its domestic industry, it proudly secures a spot on the prestigious Forbes Global 2000 list as a recognized "Key Software Enterprise" under China's national plan, as well as a "Cultural Industry Demonstration Base at National Level" and "Key Enterprise of National Cultural Export". Embodying innovation and cultural excellence, NetDragon has consistently made its mark by achieving a notable position in "China's Top 30 Cultural Enterprises" for three consecutive years, while also maintaining a strong presence in "China's Top 100 Internet Enterprises" for an impressive thirteen-year streak. Notably, it has soared to the third position among "China's Top 100 Most Promising Enterprises" on Forbes' coveted list.

NetDragon has always blazed trails, creating China's renowned online gaming portal 17173.com. The highly influential 91 Wireless mobile platform it created also proved wildly popular before selling to Baidu for $1.9 billion in 2013.

A leading developer, publisher and operator within China, NetDragon was also among the first to succeed abroad with national IP. Its self-developed games, such as Eudemons Online, Conquer Online, and Heroes Evolved, are available in English, French, Spanish, Arabic and 11 languages across more than 180 nations and regions. The dedication to strengthening its core strengths through self-reliant innovation is evident in its development of the C3 and S3 game engines. This accomplishment distinguishes it as one of the few companies capable of creating a comprehensive range of 2D, 2.5D, and 3D products, setting a benchmark for public online gaming services.

Over the years, NetDragon has received numerous national industry awards, including the "Overseas Expansion Award for National Games", "Top 10 Chinese Game Developers", "Top 10 Chinese Game Operators", "Top 10 Chinese Marketing Companies", the prestigious "Golden Plume Award", and the “Golden Finger Award” in the Chinese gaming industry. It has also been recognized as a "Key Enterprise of National Cultural Export" by the Ministry of Commerce. In 2023, the company has shone further as one of the "2022-2023 Most Socially-Responsible Corporations in the Game Industry in China".

After over a decade's dedication, NetDragon has emerged as a leader in China's digital education transformation - driving development and innovation. Its comprehensive range of education services encompasses hardware, software, platforms, and resources across all levels of education, including early-year, K-12, higher, and vocational education, as well as corporate training, non-degree programs, and lifelong learning. The ultimate goal is to create a global community dedicated to lifelong learning. To better consolidate global resources, NetDragon listed its overseas education business in the United States.

NetDragon deeply integrates cutting-edge technologies such as AI, VR, AR, 3D, and Big Data into education. Leveraging expertise from online gaming and mobile internet, NetDragon has established the forward-looking smart education service provider, the EDA Platform, committed to fostering a new educational ecosystem promoting equity, technology empowerment, and global collaboration. The company has independently developed a suite of educational informatization tools and solutions, including: the interactive, inquiry-based, scenario-driven educational product Future Lab; the integrated lesson preparation and delivery software for teachers, Edmodo Classroom; the comprehensive smart teaching and learning solution covering pre-class, in-class, and post-class activities, 101 Smart Classroom; the highly open, interactive, and immersive 101 VR Immersion Classroom integrating VR technology; the Smart Space Solution offering easily transportable and deployable classrooms to improve educational resource allocation in underserved areas; and the Integrated Vocational Education "Going Global" Solution combining internationally influential educational resources with a remote practical training platform.

In 2018, NetDragon pioneered the "AI+Education" product "Edmodo Classroom - AI Teaching Assistant," realizing an intelligent teaching scenario of "One Teacher, A Thousand Assistants." In 2019, NetDragon became a pioneer in "5G+ Education," creating an early example of combining 5G applications with holographic projection in education. NetDragon also collaborated with the National Center for Educational Technology (NCET) to develop the "NCET Vlab", which highly realistically simulates experiments for primary and secondary schools, effectively expanding the scope and depth of experimental teaching. In 2020, NetDragon supported global "school suspension without learning loss" initiatives during the pandemic by providing remote teaching support to teachers and students worldwide. In 2021, NetDragon became the technical partner for the Smart Education Platform for Primary and Secondary Schools, the official national platform led by the Ministry of Education's Department of Basic Education and operated by NCET. In 2022, NetDragon partnered with UNESCO IITE to launch the E-Library for Teachers, supporting global teacher capacity building. Furthermore, NetDragon engages in deep cooperation with renowned educational institutions, publishers, and top universities worldwide to integrate massive global high-quality educational resources.

In recent years, NetDragon has accelerated the global deployment of its education strategy. Its subsidiary, Promethean, a globally leading education solutions provider, has seen its excellent hardware and software technologies innovatively integrated with NetDragon's own 101 series products. Promethean has maintained the leading market share position globally in the K-12 interactive display market for many years. Another NetDragon subsidiary, Edmodo, a K-12 learning community platform, was selected as the designated national K-12 online learning platform in Egypt and Ghana, and was listed by UNESCO as a recommended platform for distance learning. Currently, NetDragon's educational footprint spans over 190 countries and regions, serving more than 150 million users across 2 million classrooms, establishing a global K-12 education community network and ecosystem. NetDragon also actively responds to the Belt and Road Initiative, engaging in national-level collaborations with over 20 partner countries, including Russia, Egypt, Thailand, Nigeria, and Kenya.

In the current era of deep AI-education integration, NetDragon assumes multiple roles: technology supporter, guide for co-building and sharing an educational ecosystem, director of talent demand, and resource investor. Placing "AI + Education" at its core strategic position, it has initiated systematic planning, creating an AI Content Factory to achieve fully automated educational content production, helping popularize high-quality resources and promote educational equity and inclusion.

Leveraging the dynamic environment of the international Digital Education Town in Fuzhou, NetDragon is primed to establish a global content production center for digital education. This visionary endeavor aligns with the ambitious "Digital China" initiative and positions the town as a nexus for "Digital Education" and "Global Innovation". Through collaboration with leading enterprises, NetDragon fuels innovation and intelligent advancements, attracting top talent and nurturing digital education industrial clusters. The goal is to ignite a powerful engine for digital economic growth and offer impactful digital education solutions worldwide.

Listed with integrity, NetDragon consistently champions social responsibility. As an early pioneer of the anti-addiction system in China, the company has been at the forefront of its development and implementation. It advocates for a civilized internet and promotes the concept of healthy entertainment, actively participating in the construction of the self-examination system proposed by the Ministry of Culture. With a focus on children of all ages, it strives to instill traditional moral values in society, nurturing a positive cultural impact. Through its products, NetDragon is committed to promoting the global sharing of high-quality digital educational resources. It has donated digital education products to regions including Qinghai, Guizhou, Xizang, Anhui, Fujian, Yunnan, Sichuan, and Ningxia, with cumulative educational philanthropy contributions exceeding RMB 50 million.

NetDragon was also one of the earliest Chinese enterprises to apply AI to organizational management. As early as 2007, it began exploring AI's use in this area. In 2022, NetDragon appointed its first Digital Human as Rotating CEO and launched a Metaverse organization strategy. Recently, NetDragon has fully embraced AI-driven operations, optimizing resource allocation and boosting its global development.

Looking ahead, NetDragon will continue to be driven by digital technology, deepening its empowerment and innovation in education, gaming, cultural tourism, and entertainment. It will actively explore new frontiers of digital application, integrate more openly into the broader context of building a Digital China, contribute to high-quality, sustainable digital economic development, and dedicate its "NetDragon strength" to constructing a global digital ecosystem.