NetDragon and Open University Malaysia Sign Strategic MOU to Jointly Explore New Models of AI-Powered Open Education

(Hong Kong, 27 October, 2025) NetDragon Websoft Holdings Limited (“NetDragon” or “theCompany”; Hong Kong Stock Code: 777), a global leader in building internet communities, ispleased to announce that it has signed a strategic Memorandum of Understanding (“MOU”) withOpen University Malaysia (“OUM”) in Fuzhou, Changle. This collaboration marks a major stepforward in integrating the strengths of both parties in open education and digital technology toexplore how artificial intelligence (AI) and other emerging technologies can be applied moredeeply in education, setting a new benchmark for the development of open and distancelearning worldwide.

The signing ceremony was witnessed by Dr. Simon Leung, Vice Chairman of NetDragon, andProf. Datin Dr. Santhi Raghavan, Vice President/Deputy Vice-Chancellor (Learner Experienceand Technology) of OUM. The MOU was signed by Mr. Chen Hong, Senior Vice President ofNetDragon, and Prof. Datuk Dr. Mohd Tajudin Md Ninggal, Vice President/Deputy Vice-Chancellor (Academic and Research) of OUM.

NetDragon and Open University Malaysia Sign Strategic MOU to Jointly Explore New Models of AI-Powered Open Education — image

Under the MOU, both parties will adhere to the principle of mutual benefit and establish aforward-looking cooperation framework focused on the innovative application of AI and digitaltechnologies in education. The collaboration will explore several strategic areas, including AI-driven digital content innovation, advanced technology certification and laboratory development,skillsenhancement,andcurriculumdevelopment,aswellastheconstructionofacomprehensive digital education ecosystem. The two parties will jointly develop AI-driven digitalteaching content and integrate intelligent learning analytics into OUM’s Learning Management

System (LMS), including a psychological wellness dashboard and AI-enhanced psychometricprofiling system. These tools will enable accurate insights into learners’ behaviors and emotions,supporting personalized learning interventions and improving teaching effectiveness. Meanwhile,the collaboration will also explore blockchain-based digital credentialing and micro-certificationsystems to ensure the security and credibility of academic qualifications, while planning toestablish a joint “AI Research and Innovation Laboratory” that focuses on instructional design,gamified learning, and the ethical application of AI in education.

In addition, both parties will, in alignment with industry needs and lifelong learning objectives,jointly develop micro-credential courses and technical and vocational education and training(TVET) programs, and offer language certification services to enhance learners’ employability.In terms of digital education ecosystem development, the collaboration will be carried outthrough OUM and its network of strategic partners to jointly advance the implementation ofdigital education initiatives, while also engaging in global policy dialogues and thought-leadership collaboration to help shape the future development model of open universities.

NetDragon and Open University Malaysia Sign Strategic MOU to Jointly Explore New Models of AI-Powered Open Education — image

At the signing ceremony, Mr. Chen Hong, Senior Vice President of NetDragon, stated: “Thisstrategic partnership with Open University Malaysia marks another important milestone forNetDragon to engage with global education institutions such as the United Nations Educational,Scientific and Cultural Organization (UNESCO). Together, we will accelerate the large-scaleapplication of AI across diverse learning scenarios, injecting strong momentum into thedevelopment of a future education ecosystem.”

Prof. Datuk Dr. Mohd Tajudin Md Ninggal, Vice President/Deputy Vice-Chancellor (Academicand Research) of OUM, remarked: “We firmly believe that this collaboration will reinforce our

commitment to global higher education and further advance open, distance, and digital learning.It also marks an important step in driving the integration of digital education and AI, as well as infostering innovative learning solutions.”

During the media interview following the signing ceremony, Prof. Datin Dr. Santhi Raghavan,Vice President/Deputy Vice-Chancellor (Learner Experience and Technology) of OUM, said,“NetDragon’s AI Content Factory and its approach to gamified learning have made a strongimpression on us. As digital technologies are set to fundamentally reshape the educationecosystem, we hope that our collaboration with NetDragon will help OUM maintain itsleadership in open education.”

As a pioneer Chinese enterprise in the global expansion of education, NetDragon continues toexpand its footprint across Belt and Road countries, with its education business reaching over190 countries. Dr. Simon Leung, Vice Chairman of NetDragon, added: “Through thiscollaboration, NetDragon aims to develop a scalable and replicable ‘AI + Open Education’model that can be flexibly adapted for partnerships with other countries in the future. By sharingour digital education philosophy, technological capabilities, and operational framework withmore Belt and Road countries and local educational institutions, we look forward to building amore equitable, inclusive, and intelligent global education ecosystem together.”

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About NetDragon Websoft Holdings Limited  

NetDragon Websoft Holdings Limited (HKSE: 777) 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. Over the desktop and mobile internet eras,NetDragon previously established China’s first online gaming portal, 17173.com, and China’s mostinfluential 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, ConquerOnline, Heroes Evolved and Under Oath. In the past 10 years, NetDragon has also achievedsuccess with its EdTech business both domestically and globally. Fully embracing the new AI era,NetDragon is driving its vision of “Infinite Growth” through a dual-focus strategy of “AI+Gaming”and “AI+Education”. With its AI Content Factory empowering operations and working with partnersto develop a global learning metaverse, NetDragon is committed to once again building a massiveuser community in the new AI era.

NetDragon’s overseas edtech business entity, currently a U.S.-listed subsidiary named Mynd.ai, isa global leader in interactive technology and its award-winning interactive displays and softwarecan be found in more than 1 million learning and training spaces across 126 countries.  

About Open University Malaysia

Open University Malaysia (OUM) is Malaysia’s first open university, with 35 learning centersacross the country. It offers more than 60 online programs, serves around 40,000 students, andhas a growing alumni network of more than 140,000 graduates. All of its programs are accreditedby the Malaysian Qualifications Agency (MQA), with several also recognized by internationalorganizations such as CPA Australia and the UK’s Chartered Management Institute (CMI). With its35 learning centers nationwide, OUM serves a diverse community that includes governmentofficials, teachers, nurses, and entrepreneurs —remains committed to making lifelong learningaccessible to all through a flexible, inclusive, and high-quality education model.

For investor enquiries, please contact:  

NetDragon Websoft Holdings Limited  

Email: ir@netdragon.com