ZX INC (09890) strategically invests in a new AI technology company, joining hands with Kingnet Network to expand into a new era of AI gaming.

Recently, Hong Kong-listed company ZX INC (09890) announced that its subsidiary Hong Kong Yuanda Future, focusing on AI business, has signed a cooperation memorandum with Hangzhou Kaixing Network Technology, a subsidiary of China's well-known gaming company Kingnet Network (002517.SZ), to jointly invest in Jiyi Company and focus on the development of AI game business. This cooperation marks a solid step for ZX INC in its strategic layout of AI technology empowering the gaming industry, helping to further consolidate its leading position in the global gaming distribution field. Strong alliance to seize the high ground of AI game technology According to the cooperation plan, the core business of Jiyi Company is to promote the commercial application of Kingnet Network's independently developed "Xingyi" large model and its artificial intelligence engine in the entertainment industry such as games and movies. "Xingyi" large model, as the first AI industrial tool chain covering the entire process of game development in China, has automated processes such as animation generation, map design, numerical planning, and code generation, significantly improving research and development efficiency. This time, ZX INC will invest 10 million yuan in cash to hold 10% of Jiyi Company's equity, and will further participate in its technology development and commercial implementation. Through cooperation, ZX INC can prioritize receiving technical support for the "Xingyi" large model, optimize the research and development process of its gaming products, reduce development costs, optimize the connection and testing efficiency between new games and developers, accelerate the speed of new game launches, and improve gaming creativity and player experience through AI-generated content. This strategic cooperation marks a leap from resource integration to capability coupling in the cooperation relationship between ZX INC and Kingnet Network. The two parties not only continue their mature cooperation model in game joint development, IP operation, and global distribution fields, but also achieve deep collaboration in technology foundation through joint investment in AI companies. Technological empowerment to enhance global distribution competitiveness ZX INC's brand "Greedy Games" has long been focused on the global distribution, marketing, operation, and incubation of high-quality games and IP products. This investment not only strengthens its technological reserves but also promotes the intelligent upgrade of its distribution business. Through the "Xingyi" large model, ZX INC can quickly generate localized content, efficiently adapt to the needs of players in different markets, further expand overseas and emerging markets such as Europe, America, and Southeast Asia. In addition, AI-driven dynamic numerical adjustments and personalized NPC interaction capabilities are expected to enhance the playability and user stickiness of games, providing players with a more immersive experience. By deeply integrating the AI tool chain, ZX INC will greatly enhance its technological barriers, establish a differentiated advantage in game development efficiency and innovation capability, and enhance its industry competitiveness. At the same time, AI technology will significantly reduce labor and time costs, and the company's profit margin is expected to further increase. AI technology will help quickly respond to diverse market demands and promote the global penetration of the "Greedy Games" brand. ZX INC CEO Liang Wenhong said, "AI technology is reshaping the production methods of the gaming industry. The investment in Jiyi Company is an important measure for ZX INC to embrace technological innovation and strengthen its core competitiveness. We look forward to working with Kingnet Network to explore the infinite possibilities of AI + games and bring higher-quality products to global players." Both parties plan to complete the shareholder agreement signing by April 30, 2025, and promote the large-scale application of the "Xingyi" model in the gaming, film, and other fields. With the continuous iteration of AI technology, ZX INC is expected to open up a new growth curve in game distribution, IP operation, and cross-domain cooperation, creating long-term value for shareholders. About ZX INC ZX INC (09890) is a leading global game distributor, its brand "Greedy Games" focuses on mobile game distribution and operation, committed to providing players with high-quality games and IP products worldwide. The company has always adhered to the core strategy of "boutique, diversification, globalization, and technology-driven", continuously developing frontiers such as AI, and promoting innovation in the digital entertainment ecosystem.