As the gaming industry is highly sensitive to business and personal discretionary spending, it tends to decline during general economic downturns.

filing / Apr 16, 2026 / receipt

Our operating lease obligations includes the lease of office space, parking lots and warehouse. As of December 31, 2025, we have RMB4.2 million (US$0.6 million) of current portion of operating lease liabilities and RMB7.8 million (US$1.1 million) of non-current portion of operating lease liabilities.

filing / Apr 16, 2026 / receipt

In February 2023, the bankruptcy court has approved the bankruptcy reorganization plan. 143 Table of Contents In 2024 we have filed a complaint against Hashland Inc.

filing / Apr 16, 2026 / receipt

The Group has operating leases primarily for office space, parking lots, and warehouse. The items related to operating leases in the consolidated balance sheets are summarized below:

filing / Apr 16, 2026 / receipt

In February 2023, the bankruptcy court has approved the bankruptcy reorganization plan. In March 2023, the Group and Crypto Mine Group LLC entered into a hosting agreement pursuant to which Crypto Mine Group LLC, later renamed into Hashland Inc., agreed to host the Group’s mining machines in its data center located at Pecos County, Texas, United States.

filing / Apr 16, 2026 / receipt