The9 Limited Announces the Status of its Share Repurchase Program
SHANGHAI, March 13, 2013 /PRNewswire-FirstCall/ -- The9 Limited (NASDAQ: NCTY) ("The9"), an online game developer and operator, announced today that the Company has repurchased 1,338,053 American Depositary Shares for an aggregate consideration of approximately US$3.8 million under its US$10 million repurchase program announced in December 2012. The repurchased shares account for approximately 6% of the Company's outstanding ordinary shares. The Company will continue to repurchase under its US$10 million repurchase program.
About The9 Limited
The9 Limited is an online game developer and operator. The9 develops and operates, directly or through its affiliates, its proprietary online game FireFall, MUX and other online games, web games and social games. It has also obtained exclusive licenses to operate other games in mainland China such as Planetside 2. In 2010, The9 established its Mobile Internet Unit to focus on mobile internet business.
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