Newborntown's high-quality gaming business has entered a profitable period and has started contributing revenue.

On January 20, NEWBORNTOWN (09911) released unaudited operating data for the year 2024, disclosing for the first time the contribution of the boutique game business to the revenue of the listed company, indicating that this business has begun to turn profitable. The announcement revealed that boutique games such as Alice's Dream: Merge Games were independently developed by the company and delivered to external distributors, with profits shared with the company in proportion after the release. The boutique games of the company generated approximately 705 million RMB in revenue in 2024, an increase of about 80.4% compared to 2023. The revenue contribution from the game business suggests that the company's investments in boutique games are beginning to pay off, with a second growth curve expected to erupt.