The9 Limited Announces Receipt of Nasdaq Notice of Deficiency

▤ Summary

If at any time during the Compliance Period, the Companys MVPHS closes at US$15,000,000 or more for a minimum of ten consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.The Companys management is looking into various options available to regain compliance and maintain its continued listing on The Nasdaq Global Market, and is also considering other options, including a potential transfer of its listing of securities to the Nasdaq Capital Market.A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.Potential risks and uncertainties include, but are not limited to, The9s ability to license, develop or acquire online games that are appealing to users, The9s ability to retain existing players and attract new players, The9s ability to anticipate and adapt to changing consumer preferences and respond to competitive market conditions, political and economic policies of the Chinese government, the laws and regulations governing the online game industry, information disseminated over the Internet and Internet content providers in China, intensified government regulation of Internet cafes, and other risks and uncertainties outlined in The9s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F. The9 does not undertake any obligation to update any forward-looking statement, except as required under applicable law.SHANGHAI, March 22, 2018 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY ) ("The9" or the "Company"), an established Internet company, today announced that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market, Inc. ("Nasdaq") dated March 19, 2018 indicating that the Company no longer meets the continued listing requirement of minimum Market Value of Publicly Held Shares ("MVPHS") for the Nasdaq Global Market, as set forth in the Nasdaq Listing Rule 5450(b)(2)(C), because the market value of the Companys publicly held American depositary shares ("ADS"), each representing one ordinary share of the Company, for the last 30 consecutive business days was below the minimum requirement of US$15,000,000.

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