Core Viewpoint - Archosaur Entertainment, a wholly-owned subsidiary of Zulong Entertainment, has invested a total of $20.8 million in financial products subscribed through Morgan Stanley Asia, with the investment still outstanding as of the announcement date [1] Group 1 - The investment amount of $20.8 million is significant for the company, indicating a strategic move to enhance its financial portfolio [1] - The investment is part of a broader strategy to leverage financial products for potential growth opportunities [1]

Group 1 - The core point of the article is that Archosaur Entertainment, a wholly-owned subsidiary of Zulong Entertainment, has invested a total of 20.8 million USD in financial products through Morgan Stanley Asia, with the investment not yet maturing as of the announcement date [1] Group 2 - The investment amount of 20.8 million USD indicates the company's strategic financial management and potential growth initiatives [1] - The involvement of Morgan Stanley Asia suggests a partnership with a reputable financial institution, which may enhance the company's investment credibility [1] - The announcement date of January 23, 2026, highlights the forward-looking nature of the investment strategy [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 ARCHOSAUR GAMES INC. 祖龍娛樂有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9990） 須予披露交易 認購理財產品 認購事項 董事會謹此公佈，2026 年 1 月 2 3 日，本公司的全資附屬公司 A r c h o s a u r Entertainment通過摩根士丹利亞洲認購且於本公告日期仍未到期的理財產品的 投資總額合計20.8百萬美元。 上市規則的涵義 由於2026年票據認購事項之最高適用百分比率超過5%但低於25%，因此，2026 年票據認購事項項下進行的交易構成本公司的須予披露交易，須遵守上市規則 第十四章項下通知及公告規定，惟獲豁免遵守股東批准規定。 此外，根據上市規則第14.22條，由於認購事項項下進行的交易是通過同一交易 對手方（即摩根士丹利亞洲）進行，且屬於性質相似的現時存續的理財產品，因 此該等交易應當合併計算。由於合併計算後交易的最高適用百分比率超 ...

| 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09990 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: 祖龙娱乐有限公司 呈交日期: 2026年1月6日 I. 法定/註冊股本變動 本月底法定/註冊股本總額： USD 50,000 FF30 ...

Core Insights - The article discusses the advancement of Chinese cultural exports, particularly through the gaming industry, as it enters a new phase of "quality and efficiency improvement" under the "14th Five-Year Plan" [1] Group 1: Cultural Integration and Innovation - The company, Zulong Entertainment, exemplifies the integration of cultural confidence and technological innovation in its gaming products, creating a strong cultural export portfolio [2] - The flagship product, "In the Name of the Shining," has generated over 2 billion yuan in global revenue, showcasing the successful blend of traditional Chinese aesthetics with modern lifestyles [2] - The use of AI-driven NPCs, such as "Litchi Meow," enhances user interaction and serves as a digital ambassador for Chinese culture, facilitating a deeper cultural resonance with global players [2] Group 2: Market Strategy and Localization - The game "Dragon Tribe: Cassel's Gate" demonstrates the company's ability to adapt IPs for local markets, achieving a top-three position in the iOS free game chart in Thailand shortly after launch [3] - Zulong Entertainment employs a "localized expression + global gameplay" strategy, planning to expand into markets like Korea, Japan, and Europe while tailoring content to regional characteristics [3][5] - The company rejects a one-size-fits-all approach, instead opting for localized adjustments based on cultural customs and player preferences in different regions [5] Group 3: Technological Empowerment - The company has established a robust global research and operational system, leveraging advanced technologies to enhance game experiences and cultural dissemination [4] - By utilizing cutting-edge technologies, such as Unreal Engine, Zulong Entertainment delivers high-quality digital representations of traditional aesthetics, allowing overseas players to appreciate the nuances of Eastern beauty [4] - The intelligent character "Norma," developed using DeepSeek technology, adapts dialogues based on players' cultural backgrounds, facilitating a personalized cultural experience [4] Group 4: Future Directions and Cultural Confidence - Zulong Entertainment's practices highlight the commercial value of integrating culture and technology, guiding the future direction of the Chinese gaming industry [6] - The company aims to deepen its strategy of "quality, multi-category, integrated research and operations, and globalization," exploring innovative ways to combine intangible cultural heritage with gaming [6] - As more Chinese gaming companies embrace cultural roots and technological advancements, the global influence of Chinese culture is expected to grow significantly, contributing to the broader goals of cultural confidence outlined in the "14th Five-Year Plan" [6]

Group 1 - The 2025 Annual Game Top Ten Nomination List has been announced, aiming to recognize outstanding achievements in the gaming industry over the past year [1][3] - Zulong (Tianjin) Technology Co., Ltd. has been nominated for three awards, including "Outstanding Game R&D Team" and two awards for "Outstanding Mobile Game" and "Outstanding Game Art Design" [1][5] - The nominations reflect the industry's recognition of Zulong Entertainment's investment in R&D, product refinement, and long-term operational capabilities [5] Group 2 - The 2025 Annual Game Top Ten evaluation is considered an authoritative industry benchmark, focusing on player experience, product quality, technical strength, market influence, and social value [3] - Zulong Entertainment has maintained a strong competitive edge through a strategy of high-quality game development, with a rich game matrix and stable performance of classic products [7] - The gaming industry is transitioning towards high-quality development, emphasizing content innovation, technological accumulation, and global operational capabilities [7]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 ARCHOSAUR GAMES INC. 祖龍娛樂有限公司 （於開曼群島註冊成立的有限公司） | | 普通決議案 | 投票數目(%) | | | --- | --- | --- | --- | | | | 贊成 | 反對 | | 1. | 動議批准及確認本公司與騰訊計算機於2025年11 | 437,132,596 | 0 | | | 月3日重續的騰訊遊戲合作框架協議及其項下就騰 | (100%) | (0%) | | | 訊集團(i) IP權授權，及(ii)獨家發行及運營本集團 | | | | | 遊戲而擬進行的持續關連交易自2026年1月1日起 | | | | | 至2028年12月31日止三年期間的建議年度上限； | | | | | 及特此授權本公司任何董事代表本集團簽署或簽立 | | | | | 其他文件或補充協議或契據，並作出其認為必要或 | | | | | 適宜的一切事宜及行動，以使經重續的 ...

Group 1 - The core viewpoint of the article highlights that Zulong Entertainment has been awarded the title of "2025 Beijing Extraordinary Employer" for its outstanding performance in employer branding and human resource management, reflecting its commitment to employee satisfaction and corporate culture [1][5] Group 2 - Zulong Entertainment emphasizes the belief that "talent is the first resource for enterprise development," providing a vibrant career development platform through a comprehensive benefits system, systematic training, and clear career advancement paths [3] - The company actively collaborates with universities, hosting campus open days, presentations, and job fairs to connect with future talent and help them understand the industry and company culture [3] - Zulong Entertainment offers extensive health coverage, family care, and holiday benefits, along with personalized career development plans tailored to individual needs [3] - The company organizes various cultural activities and interest clubs to enhance employee satisfaction and happiness, fostering loyalty and team cohesion [3] Group 3 - As a pioneer in integrating leading Unreal Engine technology into mobile game development, Zulong Entertainment continuously pushes technological boundaries, embedding innovation into its successful product lineup [5] - The company has launched a series of high-value games, including "In the Name of the Shining," "Dragon Tribe: Castle of Cassel," and "Step on the Wind," covering various genres such as MMORPG, female-oriented, strategy card games, and SLG [5] - The recognition as "2025 Beijing Extraordinary Employer" signifies Zulong Entertainment's achievements in employee care, corporate culture, and global management, as well as its confidence and determination for future development [5] - In the face of globalization and technological transformation, Zulong Entertainment aims to drive growth through innovation, fostering mutual development for the company and its employees [5]

Group 1 - Wang Jianlin's Wanda Group has made a rare "redemption" move by regaining control of a Wanda Plaza after selling over 80 plazas previously, indicating a strategic shift in management and ownership [3][5] - The management team of the company underwent a complete overhaul, with key positions being filled by new executives from Shanghai Wanda Ruichi Enterprise Management Co., Ltd., which is fully owned by Wanda [5] - Oriental Selection is expanding its offline presence by opening its first flagship store in Beijing, aiming to enhance its retail strategy after facing challenges in the past two years [5] Group 2 - Prada Group has completed the acquisition of Versace for €1.25 billion (approximately ¥102.78 billion), marking a significant consolidation in the luxury fashion sector [10] - TikTok plans to invest over 200 billion Brazilian Reais (approximately $377 million) to build a data center in Brazil, which will be its first project in Latin America [21] - JD.com has acquired approximately 59.8% of the shares in German retail giant CECONOMY, increasing its total stake to 85.2%, pending regulatory approval [23]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 呈交日期: 2025年12月3日 I. 法定/註冊股本變動 | | | 致：香港交易及結算所有限公司 FF301 第 1 頁 共 10 頁 v 1.1.1 公司名稱: 祖龙娱乐有限公司 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09990 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | | 增加 / 減少 (-) | | | | 0 | | | USD | | 0 | | 本月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | 本 ...