Jin Feng, chairman of Kaiying Network, completed the increase in holdings amounting to 207 million yuan

On the evening of June 15, Kaiying Network (002517) issued an announcement that from January 28, 2021 to June 11, 2021, the company's chairman Jin Feng has accumulated 46,752,600 shares of the company's shares through centralized bidding and block trading, accounting for 2.17% of the company's total share capital, with a cumulative increase of about 207.3043 million yuan, and the increase plan has been completed. It is reported that the actual amount of the increase in holdings far exceeds the minimum amount of the commitment to increase the amount mentioned in the company's announcement on January 28, 2021, that is, not less than 30 million yuan.

Jin Feng, chairman of Kaiying Network, said that based on the confidence in the company's future development prospects and reasonable judgment of the value of the company's stock, in order to enhance investor confidence, effectively protect the interests of small and medium-sized investors and the stability of the capital market, it promised to use its own or self-raised funds to increase its commitment to increase the company's shares.

Kaiying Network achieved operating income of 448 million yuan in the first quarter of 2021, an increase of 5.88% year-on-year; net profit attributable to shareholders of listed companies was 149 million yuan, an increase of 400.93% over the same period of the previous year. After the completion of this increase, Jin Feng, a shareholder holding more than 5% of the shares, holds 196,391,484 shares, accounting for 9.12% of the total share capital of the company. The company said that the increase in shareholding is of positive significance for the company's equity concentration and stable operation, improving the efficiency of the company's management operation, and promoting the implementation of follow-up strategies.

In addition to the outstanding performance of operating income in the first quarter, kaiying network business in all aspects of the recent period has also continued to promote effectively.

In terms of products, on June 9, the sword art online genuine license MMORPG mobile game "Sword Art Online Black Swordsman: Ace" officially opened the full platform public beta with the genuine authorization of Bandai Namco (Shanghai) Interactive Entertainment Co., Ltd., the exclusive research and development of Shanghai Kaiying Network Technology Co., Ltd. under Kaiying Network, and the exclusive agent of bilibili games. The number of pre-appointments exceeded 3 million, and on the first day of the public beta, it rushed into the TOP10 of the Appstore China game best-seller list.

In terms of creating high-quality IP, Kaiying Network announced on June 8 that its subsidiary Shaoxing Kaiying Network Technology Co., Ltd. has reached a strategic cooperation with China Network Writer Village, and will jointly invest in the establishment of a joint venture company, Hangzhou Yuxi Cultural Communication Co., Ltd., which will cooperate based on core games, literary IP and incubation of original IP to create a new generation of boutique IP matrix. The establishment of this joint venture company will help further strengthen the cooperative relationship between the company and multiple parties in the IP industry chain, help the product development and distribution system, and is an important step for Kaiying Network to practice the IP strategy and achieve a win-win situation for all parties involved in IP adaptation. On the same day, Kaiying Network also announced that it had reached a contract with the well-known writer Bu Lingnan (pen name: Los Angeles East) to plan to launch the "Blue Moon" IP series of literary works.

In terms of strategic layout, in addition to participating in the holding of a number of game research and development companies, with the continuous increase of national support for the construction of Hainan International Free Trade Port, the company also closely follows the corresponding layout of the national policy adjustment, and has set up 2 holding companies in Hainan (Hainan Kaiying Network Technology Co., Ltd., Hainan Cavalry Network Technology Co., Ltd.) and 1 shareholding company (Shengtongkai Network Technology (Hainan) Co., Ltd.), which will be combined with the implementation of industrial policies and the company's business expansion in the future, and integrate into the tide of Hainan free trade port construction and development. (Xue Yuan)