Raymond Peng Lei has been serving as our chief financial officer since September 2024. He served as our acting co-chief executive officer from September 2024 to April 2026.

filing / Apr 27, 2026 / receipt

We are undertaking a strategic transformation to expand our presence in the game industry. We cannot assure you that the transformation will succeed or achieve anticipated effect, and our results of operations may be materially and adversely affected as a result.

filing / Apr 27, 2026 / receipt

We are undertaking a strategic transformation to expand our presence in the game industry, exploring new opportunities that complement our user community and content ecosystem to drive sustainable long-term business development.

filing / Apr 27, 2026 / receipt

For example, in November 2020, we entered into an agreement to obtain the usage right to a piece of land in Guangdong Province on which we are in the process of developing office space, which requires a significant amount of capital.

filing / Apr 27, 2026 / receipt

As of March 31, 2026, we have leased office space with an aggregate area of over 30,836 square meters, of which 17,553 square meters are in our Guangzhou headquarters and the remainder in Foshan, Beijing and other cities within and outside mainland China.

filing / Apr 27, 2026 / receipt