On September 24, Kaiying Network replied on an interactive platform that the company had disclosed the “Notice Concerning the Company's Indirect Participation in the Korean Company Warming Co., Ltd.” on September 12, 2026. This equity investment helped the company reach a deep strategic binding with Entertainment Virtue, improve the IP licensing, division, and derivatives development cooperation mechanism between the two parties, establish a long-term stable cooperation model; help the company obtain licenses and rights for domestic adaptation, development, distribution and operation of the “Legend” series of mobile games, page games, and H5 games, and consolidate the basic market of the company's “Legends” games. Entertainment is the original owner of the “Legend” series IP. Its core IP assets are highly scarce and have long-term commercial value. This transaction provides the company with a scarce strategic opportunity to establish long-term strategic bonds at the equity level.

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