Lingxi Interactive Entertainment thanks Alibaba.

On August 17, Zhou Bingshu, CEO of Lingxi Huanyu, issued an internal letter: Hello everyone. After multiple rounds of thorough communication and in-depth discussions, Alibaba Group and Xincheng Capital have officially reached a transaction agreement. According to the agreement, Alibaba will transfer its shares in Lingxi Huanyu, and Xincheng Capital will become the new shareholder of Lingxi Huanyu. The entire transaction was successfully completed in a friendly, smooth, and win-win atmosphere. Both Alibaba Group, the original shareholder of many years, and the newly entered shareholder Xincheng Capital have fully affirmed the value of Lingxi and the efforts of its team, and they both have high hopes for the company's future development. We sincerely thank Alibaba for nurturing and growing Lingxi, and for its continuous care and support. Based on its overall strategic focus, Alibaba has entrusted Lingxi to Xincheng Capital. As a well-known private equity institution in Asia, Xincheng Capital possesses rich industry resources and professional empowering experience, which will inject new momentum into the company's development and provide comprehensive support. In the future, my management team and I will continue to move forward alongside our partners, continuing to create more soulful products that leave a lasting impression on players, and ensuring that Lingxi becomes a diverse, inclusive, agile, and dynamic company. Thank you all for your perseverance and contributions over the years; the hard work in the past has resonated. The road ahead is vast as mountains and seas, and may we work together with a shared vision for the future as we embark on a new journey.