NETDRAGON WEBSFT UNSP/ADR - NDWTY STOCK NEWS

NetDragon Websoft Holdings Limited, a leading online community builder, has announced its role as the lead investor in Zebra Labs' $5 million equity funding round. Zebra Labs specializes in creating virtual idols and engaging metaverse experiences. This strategic partnership aims to enhance user interaction in the evolving Web 3.0 landscape, leveraging opportunities in gaming and entertainment. Both companies will collaborate to explore innovative content creation for the metaverse, enhancing the overall user experience.

Promethean, a global leader in education technology, will host the STEAM Forward online conference on November 8, 2022, from 1:00 - 8:00 p.m. EST. Keynote speaker Dr. Sian Proctor, an astronaut and geoscientist, will inspire educators with her unique insights and motto, 'Space2inspire'. The event will also feature special guest Daniel Thompson from The Ron Clark Academy, alongside over 30 diverse sessions focusing on best practices in STEAM education.

Registration is free, and attendees can customize their experience. For more details, visit the Promethean website.

Neopets is set to showcase at New York Comic Con from October 6-9, 2022, featuring a variety of exciting activities and new products. Highlights include the upcoming mobile game Neopets: Faerie's Hope, the Neopets Official Cookbook, and the Neopets Metaverse. Attendees can expect exclusive giveaways like themed pins and stickers at Booth #1324. CEO Jim Czulewicz expressed enthusiasm over connecting with fans following previous successful events. This initiative aims to enhance community engagement and revive interest in the beloved franchise.

Promethean, a global leader in education technology, is hosting a Teacher Tailgate event on September 7, 2022, from 6:00-9:00 p.m. EDT, aiming to equip educators with innovative classroom engagement strategies using Promethean solutions. The event will feature keynote speaker Holly Clark, who will address the evolving landscape of education and the importance of digital tools. Attendees will gain access to a wealth of resources and participate in live demonstrations of Promethean's ActivPanel and ActivInspire software.

NetDragon Websoft achieved significant financial milestones in H1 2022, reporting a 26.3% YoY revenue increase to RMB 4.2 billion and a 31.2% rise in net profit to RMB 565.1 million. The education sector demonstrated remarkable growth, with revenue rising 71.2% YoY, capturing 56.8% of total revenue. However, gaming revenue fell 3.9% YoY to RMB 1.8 billion due to economic challenges in China. The company maintained a solid financial position with RMB 3.5 billion in net cash and declared dividends of HK$0.90.

NetDragon Websoft Holdings Limited has appointed an AI-powered virtual humanoid robot, Tang Yu, as the Rotating CEO of its subsidiary, Fujian NetDragon Websoft Co., Ltd. This innovative move aims to revolutionize corporate management and boost operational efficiency. Tang Yu will act as a real-time data hub to support decision-making and enhance risk management. The appointment aligns with the company's vision to develop a metaverse organization and represents a significant step towards leveraging AI in management, as expressed by Chairman Dejian Liu.

NetDragon Websoft Holdings Limited announces that its subsidiary, Promethean, retains its leadership in the Interactive Flat Panel Display market according to Futuresource Consulting's Q2 2022 report. Promethean achieved a 24.2% volume share from July 2021 to June 2022 and reached 30.2% in Q2 2022 in the U.S. The company launched ActivPanel 9, featuring ActivSync technology for seamless connectivity. Additionally, a partnership with Merlyn Mind introduces AI solutions for classrooms. This reflects Promethean's commitment to enhancing educational technology.

NetDragon Websoft Holdings Limited announced the shutdown of its free B2C platform, Edmodo.com, effective September 22, 2022. This strategic decision aims to redirect resources towards profitable B2G opportunities in countries like Egypt, Thailand, and Ghana. By focusing on a blended learning approach, NetDragon expects to optimize its platform for different markets, ultimately enhancing user value. Additionally, the company anticipates significant savings in operating costs, which will support the goal of achieving profitability in its education segment.

Promethean, a global education technology company, is hosting the Tech & Admin Summit on August 18, 2022, from 12:00 p.m. to 3:30 p.m. EDT. The event will showcase sustainable technology solutions for school administrators and IT personnel. Keynote speakers include Ramsey Musallam and Marlo Gaddis, focusing on the integration of technology in classrooms and digital leadership. Attendees will explore effective use of the ActivPanel and gain insights into technology implementation and support.