(Hong Kong, 23 January, 2025) – NetDragon Websoft Holdings Limited (“NetDragon” or the“Company”; Hong Kong Stock Code: 0777), a global leader in building internet communities, ispleased to announce that the Company has signed a Memorandum of Understanding (“MoU”) withThe Hong Kong Polytechnic University (“PolyU”), marking the establishment of a strategicpartnership. This close collaboration aims to promote the applications of educational technology(“EdTech”) in higher education globally and foster the development of tech talent through thedevelopment of artificial intelligence (“AI”) learning platforms, joint research, and exchangeprogrammes.

Witnessed by Prof. Kwok-yin WONG, PolyU Vice President (Education); Prof. H.C. MAN, PolyUDeanoftheFacultyofEngineering;MrBenYAM,ChiefFinancialOfficerofNetDragon; andMrWoodLAU,HeadofComplianceandCorporateAffairsandCompanySecretaryofNetDragon, the MoU was signed byProf.CHUNGChi-yung,HeadoftheDepartmentofElectricalandElectronicEngineeringandChairProfessorofPowerSystemsEngineeringofPolyU, andMsDorisZHAO,GeneralManagerofRegionalBusinessDevelopmentofNetDragon.

Under the MoU, PolyU and NetDragon will closely collaborate in three key areas. This includes thejoint development of an AI learning platform aimed at enriching the learning experiences of studentsin Hong Kong and around the world. Both parties will also leverage their exceptional research andacademic strengths, along with extensive industry experience, to engage in collaborative researchfocused on best practices and innovations in EdTech. In addition, they will facilitate academic andcultural exchange programmes among tertiary institutions in Hong Kong, Mainland China, and othercountries and regions, fostering a global exchange of knowledge and ideas.

Prof. CHUNG Chi-yung, Head of the Department of Electrical and Electronic Engineering andChair Professor of Power Systems Engineering of PolyU said, “Our Department of Electricaland Electronic Engineering aspires to be a leader in engineering education and EdTech locally andglobally. By integrating the latest AI technologies into our pedagogy, we strive to enhance students’learning experience. This collaboration will not only accelerate PolyU’s innovation and application inEdTech but also cultivate talents with innovative thinking and knowledge in engineering and EdTech,contributing to boosting the competitiveness of EdTech in Hong Kong and the Greater Bay Area.”

Mr Ben YAM, Chief Financial Officer of NetDragon said, “We are excited to partner with PolyU.NetDragon will leverage its expertise in AI and its applications in EdTech, combining with PolyU’srenowned academic resources to explore the joint development of cutting-edge AI learningplatforms and innovative educational solutions. This collaboration marks a new milestone inadvancing global higher education. Through this collaboration, we look forward to exploring the vastpotential of AI in education and, by integrating the resources of both parties, expanding marketopportunities and driving innovation in EdTech.”

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About NetDragon Websoft Holdings Limited

NetDragon Websoft Holdings Limited (HKSE: 0777) is a global leader in building internetcommunities with a long track record of developing and scaling multiple internet and mobileplatforms that impact hundreds of millions of users, including previous establishments of China’sfirst online gaming portal, 17173.com, and China’s most influential smartphone app store platform,91 Wireless.

Established in 1999, NetDragon is one of the most reputable and well-known online gamedevelopers in China with a history of successful game titles including Eudemons Online, HeroesEvolved, Conquer Online and Under Oath. In the past 10 years, NetDragon has also achievedsuccess with its online education business both domestically and globally, and its overseaseducation business entity, currently a U.S.-listed subsidiary named Mynd.ai, is a global leader ininteractive technology and its award-winning interactive displays and software can be found in morethan 1 million learning and training spaces across 126 countries.

About The Hong Kong Polytechnic University

The Hong Kong Polytechnic University (PolyU) aspires to be an innovative world-class universitythat pursues excellence in education, research and knowledge transfer for the benefit of Hong Kong,the Nation, and the world. Driven by its motto, “To learn and to apply, for the benefit of mankind”, theUniversity nurtures socially responsible professionals and leaders with a strong sense of nationalpride and a global perspective, and pursues world-leading research and innovation for societalbenefits. The University’s unwavering commitment to excellence has garnered international acclaim,with PolyU ranking 57th in the QS World University Rankings 2025. Five subjects were placedwithin the top 20 in the QS World University Rankings by Subject 2024. Among these, “Hospitalityand Leisure Management”, Civil and Structural Engineering”, “Marketing”, and “Art and Design”achieved the top rank in Hong Kong. PolyU also strives to foster a University community in which allmembers are united with a strong sense of belonging and pride, empowering the University to scalenew heights.

For investor enquiries, please contact:
NetDragon Websoft Holdings Limited
Ms. Maggie Zhou
Senior Director of Investor Relations
Email: maggiezhou@nd.com.hk  / ir@netdragon.com
Website: ir.netdragon.com