OURGAME(06899) has filed a lawsuit against Mr. Ng Kwok Leung in the Hong Kong High Court in accordance with the relevant loan agreement.

OURGAME (06899) announcement, regarding the HK$5 million loan issued by the company to Mr. Ng Kwok Leung, former executive director and former CEO during his tenure in December 2018, the company has recently filed a lawsuit against Mr. Ng Kwok Leung in the Hong Kong High Court in accordance with the terms of the loan agreement, seeking repayment of the loan and interest, as well as related expenses incurred by the company for recovery. Furthermore, the investigation conducted by the company into Mr. Ng Kwok Leung's actions during his tenure has made significant progress. Through the investigation, the company has found that Mr. Ng Kwok Leung not only organized former employees of the company to engage in illegal activities but also misappropriated and embezzled company assets under the guise of investment. Therefore, in light of Mr. Ng Kwok Leung's breach of fiduciary duty as a former director of the company, the company will further file a lawsuit against him in the Hong Kong High Court and seek compensation, while also filing a report with the relevant authorities. The company will continue to pursue legal avenues (including but not limited to investigation, litigation, arbitration, and reporting to the police) to recover historical loans, accounts receivable, and acts of misappropriation and embezzlement of company funds, and hold individuals and actions that harm the company's interests accountable for civil and/or criminal liability (if applicable). The company will timely issue announcements in accordance with the rules of the Hong Kong Stock Exchange to inform shareholders and potential investors of developments.