Kowloon City first disclosed: 87% shareholder Equity in Red5

(i) The nine city Beijing time of April 8 to the SEC filed in the 2010 filing document, the first disclosure of the U.S. Red 5 studio investment and shareholding. The document shows that in 2010 in April, nine cities completed a red 5 majority stake in the acquisition, and then continue to red 5 of the old shareholders continue to acquire more common stock.　　Upon completion of these transactions, the nine cities have a shareholder equity of Red 5 87%, in total stock transfers. March 22, 2010 Nine city has announced a 20 million U.S. dollar acquisition of Red 5 majority stake in the subsequent nine cities in the 2009 annual report, nine cities disclosed a more specific investment process: In January 2010, nine cities to 1.84 million U.S. dollars to buy Red 5 16229470 shares of Category A convertible preferred shares, which were fully paid in January 2010. In 2010 in March, nine cities and Red 5 agreed to buy Red 5 newly issued 23537119 shares of a convertible preferred stock in cash of $18.65 million, of which 11.65 million dollars were paid in April 2010, and the remaining 7 million dollars would be on the anniversary of the completion of the deal.　　Paid according to certain conditions, but the nine cities did not disclose the specific shareholding ratio. Nine city in the document also disclosed the previous has been noisy "firefall" agent. The document showed that Red 5 had signed an agreement in February 2006 to hand over proxy operations to third party operators, but had modified the agreement in May 2009, with the original Third-party operators having only the right to operate in a particular country. Red 5 's CEO Mark Kern in a recent interview with the South Korean Games technology conference in 2011 and told the outside world that the Firefall's global proxy was signed in 2006 to the Korean Zen company, but because of the signing period, Red 5 withdrew its global agent, North America operates on its own, and South Korea's copyright is still handed over to the net Zen.　　He also said that "Firefall" will certainly be in China, but the agency has not yet determined. Note: Red 5 was founded in 2005 by a group of former Blizzard core staff, the CEO and creative director of Mark Kern was the development director of Wow, the only one of the game "Firefall" is a new form of multiplayer online action war games, will be the first landing in the United States at the end of this year.　　The city of Kowloon sees it as a substitute for wow. (I U.S. stock Shei)