The9 Reports US$32 Million Net Income for Second Quarter of 2026, Up Over 39% Sequentially

Increase driven by the fair-value recognition of 9BIT tokens received under the Company’s cooperation agreement with the 9BIT Foundation as the9bit continued to expand AI capabilities, community engagement and commercial partnerships

SHANGHAI, Aug. 24, 2026 – The9 Limited (Nasdaq: NCTY) (“The9” or the “Company”), a global, diversified high-tech company, today reported its unaudited financial results for the three months ended June 30, 2026.

Second Quarter 2026 Highlights

• Strong sequential growth: Net income for the quarter was US$32 million, an increase of more than 39% from the previous quarter.
• Record profitability: Net income for the first half of 2026 reached US$55 million, representing the highest half-year net income in The9’s history since its 2004 IPO. This increase was driven primarily by the fair-value recognition of 9BIT tokens received under the Company’s cooperation agreement with the 9BIT Foundation, an independent crypto foundation established in Panama.
• The Company received 475 million 9BIT tokens during the second quarter. Cumulative allocations reached 1.9 billion 9BIT tokens for the six months ended June 30, 2026.
• As of the date of this release, the Company’s AI-powered gaming ecosystem, the9bit, has more than 180,000 games that were created using its proprietary AI-assisted tools.
• As of the date of this release, the Company’s total cryptocurrency holdings, including 347 BTC and 1.9 billion 9BIT tokens, are valued at approximately US$120 million based on quoted market prices. This estimate is provided for reference only and may not reflect realizable value.
• Currently, the daily trading volume of 9BIT tokens across crypto exchanges is approximately US$10 million.
• The Company’s investee Nanyang Biologics Pte. Ltd. (“NYB”), a Singapore-based, AI-driven drug discovery company, has taken a significant step toward its planned Nasdaq listing. At an extraordinary general meeting held on August 19, 2026, shareholders of RF Acquisition Corp II (Nasdaq: RFAI) voted to approve NYB’s proposed business combination, marking a key milestone in NYB’s effort to become a Nasdaq-listed company under the reserved ticker symbol “NYB.” Upon completion of the business combination, which remains subject to customary closing conditions, the Company is expected to hold approximately 15% to 16% of the combined, Nasdaq-listed company.

The Company accounts for its digital assets in accordance with applicable U.S. GAAP, and its unaudited financial information for the quarter has been reviewed by The9’s independent auditors. For the full set of interim financial statements and the Report of Independent Registered Public Accounting Firm, please visit: the9.com/financials.