Friendtimes Co., Ltd. ("Friendtimes") announced voluntarily on July 12, 2024 that there has been unusual volatility in the company's share prices and trading volume recently. After investigation, the board of directors stated that they did not know the specific reasons for the volatility, and confirmed that there was no information or insider news to be disclosed. The company's operations are normal, and the block orders gaming product revenue is stable, with plans for new products to be launched, including the scheduled launch of "Mojian Jianghu" on July 19, 2024, as well as other games and mini games under development. In addition, under the stock incentive plan, the trustee has accumulated purchases of shares exceeding 3.1% of the company's total share capital from August 28, 2023 to July 12, 2024. The board of directors expressed confidence in the long-term prospects of the company and reminded shareholders and potential investors to trade prudently.

Friendtimes Co., Ltd. ("Friendtimes") announced voluntarily on July 12, 2024 that there has been unusual volatility in the company's share prices and trading volume recently. After investigation, the board of directors stated that they did not know the specific reasons for the volatility, and confirmed that there was no information or insider news to be disclosed. The company's operations are normal, and the block orders gaming product revenue is stable, with plans for new products to be launched, including the scheduled launch of "Mojian Jianghu" on July 19, 2024, as well as other games and mini games under development. In addition, under the stock incentive plan, the trustee has accumulated purchases of shares exceeding 3.1% of the company's total share capital from August 28, 2023 to July 12, 2024. The board of directors expressed confidence in the long-term prospects of the company and reminded shareholders and potential investors to trade prudently.