(Hong Kong, 15 August, 2025) NetDragon Websoft Holdings Limited (“NetDragon” or the“Company”, Hong Kong Stock Code: 777), a global leader in building internet communities,is pleased to announce that NetDragon and its subsidiary Cherrypicks, together withZhongke WengAI, today hosted the launch ceremony for “Leading the future with AI &mobility: NetDragon’s Cherrypicks & Zhongke WengAI’s Strategic Alliance.” The allianceaims to accelerate innovative AI applications across enterprise and education. Thiscollaboration marks a milestone in bringing China’s core AI technologies to global marketsunder the lead of a Hong Kong enterprise, injecting strong momentum into Hong Kong’s AIecosystem and reinforcing the city’s role as an innovation hub for the Greater Bay Area andthe world.

Cherrypicks and Zhongke WengAI will engage in an exclusive collaboration outsideMainland China to promote AI services. Under the partnership, Cherrypicks will serve asWenge’s sole overseas commercialization and go-to-market platform. Wenge is investing inCherrypicks and will contribute AI technology resources to jointly develop and deployproducts and solutions for overseas markets across public services, finance, healthcare, andcommercial sectors. Dr. Waley Wang, Chairman of Zhongke WengAI, will join the Board ofDirectors of Cherrypicks to align strategic direction and technology roadmap, driving efficientexecution of joint projects.

Dr. Simon Leung, Vice Chairman of NetDragon, said: “This three-party collaborationexemplifies the convergence of China’s AI ‘go-global’ strategy with Hong Kong’s innovationstrengths. As a bridge between the Mainland and international markets, Cherrypicks willleverage synergies to bring leading AI technologies such as the ‘YaYi’ large language modelto Hong Kong and overseas, powering smart city development and industry upgrades, andfurther cementing Hong Kong’s position as an international innovation hub.”

Dr. Waley Wang, Chairman and Founder of Zhongke WengAI, said: “We attach greatimportance to our collaboration with Cherrypicks under NetDragon. As an internationalgateway for innovation with a multilingual environment, Hong Kong is strategically significantfor Wenge’s overseas expansion. Cherrypicks’ professional capabilities and local ecosystemnetwork will strongly support the rollout of our AI technologies and products in global markets.We look forward to jointly enabling industry transformation with AI and delivering higher-quality intelligent services for customers worldwide.”

Mr. Kenny Chien, CEO of Cherrypicks, said: “We are honored to partner with ZhongkeWengAI to bring China’s leading AI technologies and innovations to the world. By combiningour strengths in AI deployment, mobile technologies, and cross-border services, we willdevelop intelligent products tailored to local and international needs, foster a healthy AIecosystem in Hong Kong, and help enterprises seize new opportunities in the intelligent era.”

Zhongke WengAI is widely recognized as a technology leader in Mainland China’s AI sector.Its self-developed “YaYi” large language model and AI Scientist agent ranked first across twoglobal AI agent benchmarks in 2025, outperforming multiple international players. Wenge’sproducts deliver industry-leading performance in multimodal data processing, reasoning anddecision-making, andsemanticunderstanding,andarebroadlyappliedinfinance,healthcare, and scientific research, serving nearly one thousand organizations with efficient,intelligent solutions. Incubated by the Institute of Automation of the Chinese Academy ofSciences, Wenge continues to collaborate with renowned universities and technologyenterprises at home and abroad to advance AI-driven industrial innovation.

At the launch event, Wenge introduced its latest research achievement, the YaYi AI-Scientistplatform for scientific research, and showcased its international flagship products andtechnologies. Among them, the social listening product Wisky, powered by the YaYi modeland cross-modal retrieval capabilities, enables comprehensive hot-topic trend analysis,cross-modal information retrieval across the web, intelligent report generation, an intelligentradar engine, and intelligent dashboard analytics. Wisky is available via API, on-premisesdeployment, SaaS, and mobile experiences, allowing users to stay on top of global dynamicsanytime, anywhere and helping enterprises sharpen their competitive edge in the era ofmobile intelligence.

Wenge also unveiled the international version of Yoya, a multimodal (audio/video) contentcreation tool. Built on 33 leading multimodal capabilities—including video segmentation,image generation, video generation, video cataloging, digital humans/avatars, speechsynthesis, and cross-modal retrieval—Yoya serves marketing, branding, and events usecases with agent-driven features such as one-click video creation from raw assets,multilingual video translation, image style transfer, and AI voice cloning. The tool is speciallyoptimized for mobile, enabling users in Hong Kong and worldwide to create high-qualitymultimedia content on their phones and accelerating the adoption of AI mobile intelligenceacross creative industries.

Wenge further introduced a one-stop Agent development toolkit, offering a zero-code,enterprise-grade platform to address deployment challenges across industries. With this tool,users can rapidly build custom AI agents and leverage mobile technologies for real-timedeployment and use, further strengthening Hong Kong’s position as a hub for AI mobileintelligence.

Through its partnership with Cherrypicks, Wenge will combine the strengths of both partiesto build cutting-edge AI products for mobile scenarios—for example, integrating Wisky’ssocial listening with Yoya’s content creation capabilities—to develop mobile intelligentsolutions tailored to Hong Kong’s multilingual and cross-border needs, serving a broaderinternational client base and helping enterprises capture new opportunities in the age ofintelligent mobility.

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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 ofChina’s first online gaming portal, 17173.com, and China’s most influential smartphone appstore 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,Heroes Evolved, Conquer Online, and Under Oath. In the past 10 years, NetDragon has alsoachieved success with its online education business both domestically and globally, and itsoverseas education business entity, currently a U.S.-listed subsidiary named Mynd.ai, is aglobal leader in interactive technology and its award-winning interactive displays andsoftware can be found in more than 1 million learning and training spaces across 126countries.  

About Zhongke WengAI

Zhongke WengAI is a leading enterprise AI technology service provider founded in 2017.Incubated by the Institute of Automation, Chinese Academy of Sciences, the companyfocusesonnextgenerationdecisionintelligence,achievingbreakthroughsincoretechnologies such as multilingual understanding, cross modal semantics, and decisionmaking in complex scenarios. The company has developed DIOS, a proprietary decisionintelligence operating system, the Tianhu X Data AI data operating system, the YaYimultilingual large language model, and the Zhichuan X Agent platform driving large scalecommercial adoption of general AI. The company is a domestic leader in AI for mediacommunications, security, finance, and government affairs, and has served more than 1,000government and enterprise clients.

The company has led or participated in multiple National Key R&D Programs and majornational science and technology initiatives. Zhongke WengAI is recognized as a nationallevel “Specialized and Sophisticated Little Giant” enterprise and has been selected to theForbes China Top 50 AI Companies and the CCID Think Tank (under MIIT) China Top 20 AICompanies.

About CherrypicksFounded in 2000 and headquartered in Hong Kong, Cherrypicks is a subsidiary ofNetDragon Websoft Holdings Limited (HKEX: 777). The company focuses on innovativetechnologies spanning smart cities, augmented reality, artificial intelligence, e‑ wallets, andsmart location services, and holds a leading position in the Asia‑ Pacific region. Cherrypicks’user experiences and solutions are at the forefront of the industry, and its patented andpatent‑ pending products have won more than 100 local and international awardsrepresenting Hong Kong and China on global stages. The company’s early startup story wasfeatured as a Harvard Business School case study (No. N9‑ 807‑ 106).

Cherrypicks’ world‑ class mobile innovation solutions are trusted by long‑ term partnersacross banking, insurance, F&B, retail, property management, travel, and transportation.

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