The9's Chairman and CEO to Purchase No More Than 10% of The9 ADSs in the Open Market

Company Overview - The9 Limited is an established Internet company based in China, listed on Nasdaq since 2004, and aims to diversify its business, including operations in blockchain and cryptocurrency mining [2]. Key Developments - The Chairman and CEO, Jun Zhu, intends to use personal funds to purchase up to 10% of the Company's outstanding American depositary shares in the open market, adhering to applicable rules and regulations [1]. - Mr. Zhu expressed confidence in the Company's business potential and long-term growth despite current market volatility [1].