XD INC (02400) entered into a strategic cooperation agreement with Golden Arc.

XD INC (02400) announced on November 26, 2025, XD Entertainment (an indirect wholly-owned subsidiary of the Company) entered into a strategic cooperation agreement with Golden Arc. XD Entertainment and Golden Arc agreed to establish a strategic partnership; and entered into a financing agreement with Golden Arc, XD Entertainment agreed to provide a total of 40 million US dollars in term loan financing to Golden Arc. The terms of the financing agreement (including applicable interest rates) were negotiated and determined fairly by the Company and Golden Arc after considering current market terms. In addition, although the strategic cooperation agreement is a framework agreement for the contracting parties to explore business opportunities in areas such as research and development, the financing agreement aims to provide funding to Golden Arc for its acquisition of the target group. The target group operates a diversified portfolio of games, such as online service games like Star Trek Online and Neverwinter, as well as premium games like Hyper Light Breaker. The target group also owns a range of well-known gaming intellectual properties. The financing agreement lays the foundation for the contracting parties to establish a long-term business relationship, promoting the exploration of future business opportunities, which the Company believes is beneficial to the Company and its shareholders as a whole. Therefore, the Company believes that providing financing to Golden Arc under the financing agreement is one of the ways to enhance our investments in the overseas gaming industry, helping us to explore business opportunities in the future, and hence, entering into the financing agreement is part of the Company's routine business process.