Kingnet's Strategic Investment in the Games Developer Racoon Games

On December 30, Kingnet's wholly-owned subsidiary Shangrao Shengying Network Technology Co., Ltd. (Shangrao Shengying) completed the industrial and commercial registration of changes regarding its strategic investment in Digital Raccoon Interactive Entertainment Technology (Beijing) Co., Ltd. (Racoon Games). The investment is spearheaded by Kingnet and Shangrao Shengying holds 10% equity of Racoon Games. All amount of the investment will be used for expansion and operation of the R&D team of Racoon Games and will help Racoon Games make greater achievements in quality games R&D.

Founded in January 2017, Racoon Games is focused on R&D quality games. In 2018, the company's first independently developed mobile game Yokai: Spirits Hunt was launched and distributed globally. Now the company has three games under active development, which are 《喵话西游》, Yokai: Spirits Hunt 2 and 《妖怪事务所》 and are scheduled to be launched in 2021.

《喵话西游》 is a turn-based Chinese-style card RPG mobile game that features both collection and exploration. This game fully inherits the world and characters of the 100-chapter Journey to the West, and retells the main story of the classic original work in a creative way. The player will play a pilgrimage team to play with cats, vanquish demons and monsters and collect the Buddhist Scriptures in the west.

Yokai: Spirits Hunt 2 is a Chinese-style card RPG mobile game. Inheriting the IP genes of its predecessor Yokai: Spirits Hunt, this game is set in a massive world map based on Classic of Mountains and Rivers, and depicts the story in the form of Chinese-style interactive cartoon. The combination of water-and-ink cartoon with clear lines, interactive close shots, long shots and close-up shots, music, sound effect and CV gives players very intense and immersive gaming experience.

《妖怪事务所》 is a meticulously crafted ACGN 3D turn-based card RPG game. The graphics are rendered in the ACGN cartoon style that features the 3D cinematograph visual impression. It faithfully reproduces the Japanese-style sceneries, and features highly refined details, exciting free explorations, fantastic and heart-warming story, highly strategic combat formation and exhilarating combat experience, which give players immense fun in the ACGN journey.

Kingnet always persists in "focus on the main business of game" as its core strategy for corporate development, follows the principle of creating quality games that meet the market demand, operates three business systems including R&D, publishing and investment + IP, continuously provides users with quality contents and services and fulfilling gaming experience, and strives to be an outstanding listed online game company.