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ORGANIZATION AND NATURE OF OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2025

ORGANIZATION AND NATURE OF OPERATIONS

Schedule of Group's principal subsidiaries and VIE subsidiaries

The Company’s principal subsidiaries and VIE are as follows as of December 31, 2025:


		Date of		Place of		Legal
Name of Entities		Registration		Registration		Ownership
Principal subsidiaries:
GameNow.net (Hong Kong) Ltd. (“GameNow Hong Kong”)		January‑2000		Hong Kong		100	%
China The9 Interactive Limited (“C9I”)		October‑2003		Hong Kong		100	%
China The9 Interactive (Beijing) Ltd. (“C9I Beijing”)		March‑2007		PRC		100	%
JiuTuo (Shanghai) Information Technology Ltd. (“Jiu Tuo”)		July-2007		PRC		100	%
China Crown Technology Ltd. (“China Crown Technology”)		November‑2007		Hong Kong		100	%
Shanghai Jiu Gang Electronic Technology Ltd. (“Jiu Gang”)		December‑2014		PRC		100	%
Asian Way Development Ltd(“Asian Way”)*		November‑2007		Hong Kong		100	%
Terry First Limited (“Terry First”)		June-2021		UK		100	%
Lucky Pure Limited (“Lucky Pure”)		September-2021		Cayman Islands		100	%
Gamewinhub Limited(“Gamewinhub”)		July-2023		Hong Kong		100	%
Vast Ocean International Limited(“Vast Ocean”)		April-2021		Hong Kong		100	%
The9 Singapore Pte. Ltd. (“The9 Singapore”)		April‑2010		Singapore		100	%
1111 Limited (“1111”)		January -2018		Hong Kong		100	%
Supreme Exchange Limited (“Supreme”)		December‑2018		Malta		90	%
BET 111 Ltd. (“Bet 111”)		January -2019		Malta		90	%
Coin Exchange Ltd (“Coin”)		January -2019		Malta		90	%
The9 EV Limited (“The9 EV”)		May-2019		Hong Kong		100	%
NBTC Limited (“NBTC”)		June-2019		Hong Kong		100	%
Huiling Computer Technology Consulting (Shanghai) Co. Ltd. (“Huiling”)		March-2019		PRC		100	%
Leixian Information Technology (Shanghai) Co., Ltd. (“Leixian”)		March-2019		PRC		100	%
Shanghai Yuyou Network Technology Co., Ltd. (“Yuyou”)		December-2016		PRC		100	%
Shanghai Yuanyu Network Technology Co., Ltd. (“Yuanyu”)		November‑2023		PRC		100	%
Hangzhou Niuxin Technology Co., Ltd. (“Niuxin”)		August-2021		PRC		100	%
Variable interest entity:
Shanghai The9 Information Technology Co., Ltd. (“Shanghai IT” or the “VIE”) (Note 5)		September‑2000		PRC		N/A

Subsidiaries of VIE or Shanghai IT:


						Legal
		Date of		Place of		Ownership Held
Name of Entities		Registration		Registration		by Shanghai IT
Shanghai Big data culture media Co., Ltd (“Big data”)		April-2007		PRC		68.0078	%
Silver Express Investments Ltd. (“Silver Express”)*		November‑2007		Hong Kong		100	%
Shanghai Jiushi Interactive Network Technology Co., Ltd. (“Jiushi”)		July‑2011		PRC		80	%
Shanghai ShencaiChengjiu Information Technology Co., Ltd. (“SH Shencai”)		May‑2015		PRC		60	%
Shanghai Zhiaojiqi Information Technology Co., Ltd. (“Shanghai Zhiaojiqi”)		November-2015		PRC		100	%
Wuxi Interest Dynamic Network Technology Co., Ltd. (“Wuxi Qudong”)		June‑2016		PRC		100	%
Shanghai Shuwan Culture Co., Ltd. (“Shuwan”)		July-2021		PRC		60	%
Shanghai Zhongxinshun Network Technology Co., Ltd. (“Zhongxinshun”)		January‑2025		PRC		51	%
Shenzhen Shuzhi Technology Co., Ltd. (“Shuzhi”)		December‑2024		PRC		100	%
Shanghai Mengxiang Hulian Digital Technology Co., Ltd (“Mengxiang Hulian”)		June‑2011		PRC		20	%

* Silver Express has been deregistered in January 2026.

* Asian Way Development Ltd has been deregistered in November 2025.