The9 Limited Announces Result of Annual General Meeting
Rhea-AI Summary
The9 Limited (Nasdaq: NCTY) held its annual general meeting in Hong Kong on December 22, 2025. Shareholders duly adopted the proposed resolution to re-elect Mr. Zhu Jun as a Class III director.
The re-election is effective from the closing of the AGM and the director will serve a three-year term ending at the 2028 annual general meeting or until his successor is duly elected and qualified.
Positive
- None.
Negative
- None.
News Market Reaction – NCTY
On the day this news was published, NCTY declined 7.54%, reflecting a notable negative market reaction. Argus tracked a peak move of +4.0% during that session. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $9M from the company's valuation, bringing the market cap to $113M at that time. Trading volume was above average at 1.7x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
NCTY gained 6.61% while peers were mixed: FLD -10.3%, MATH +1.25%, DOMH +0.88%, SIEB +2.01%, BTCS +4.26%. The move appears stock-specific rather than a broad Financial Services rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 12 | AGM announcement | Neutral | -4.4% | Scheduled AGM date, venue, and record date for shareholder voting. |
| Oct 02 | SPAC deal (peer) | Positive | -2.7% | US$1.5B business combination for AI drug discovery peer NYB via SPAC. |
| Oct 02 | Investee SPAC deal | Positive | -2.7% | The9’s investee NYB to list on Nasdaq via US$1.5B SPAC merger. |
| Sep 23 | Platform impersonation | Neutral | +3.3% | Warning on fraudulent tokens plus update on 3M Web3.5 users and token share. |
| Sep 19 | Gaming JV acquisition | Positive | -4.9% | Acquisition of 51% in a gaming JV operating key RPG mobile titles. |
Recent history shows several positive or strategic announcements followed by negative price reactions, suggesting a tendency for the stock to trade counter to ostensibly constructive news.
Over the last few months, The9 reported several strategic updates. On Sep 19, it announced a 51% JV acquisition for mobile games, followed by an impersonation warning on Sep 23 that also highlighted 3 million Web3.5 users and a 19% token allocation. In early October, The9 detailed its Singapore investee NYB’s planned US$1.5 billion SPAC listing. On Nov 12, it set up the Dec 22, 2025 AGM. Today’s AGM result simply confirms the board-supported director re-election previously flagged.
Market Pulse Summary
The stock moved -7.5% in the session following this news. A negative reaction despite procedural AGM news would fit a pattern where The9’s shares have often moved counter to seemingly neutral or constructive announcements. Prior JV and SPAC-related updates saw declines within 24 hours, even when strategically positive. With the stock trading below its 200-day MA of $9.66, traders have previously used news days as liquidity events, and routine governance items have not always provided lasting support.
AI-generated analysis. Not financial advice.
- as an ordinary resolution, that Mr. Zhu Jun, whose term of office shall expire on the date of this Annual General Meeting, be re-elected and appointed as a Class III Director of the Company, effective from the closing of this Annual General Meeting, to serve for a three (3) year term ending at the 2028 Annual General Meeting or until his successor is duly elected and qualified.
About The9 Limited
The9 Limited (The9) is an Internet company listed on Nasdaq in 2004. The9 is committed to become a global diversified high-tech Internet company and is engaged in online games operation and Bitcoin mining business.
Website: http://www.the9.com/
View original content:https://www.prnewswire.com/news-releases/the9-limited-announces-result-of-annual-general-meeting-302647856.html
SOURCE The9 Limited
FAQ
Who was re-elected at The9 Limited's AGM on December 22, 2025 (NCTY)?
What is the term length for the director re-elected at The9 (NCTY) AGM?
When did The9 Limited hold its annual general meeting for the 2025 resolutions (NCTY)?
What position will Mr. Zhu Jun hold after the December 22, 2025 AGM at The9 (NCTY)?
When does Mr. Zhu Jun's newly elected term for The9 (NCTY) expire?
Did shareholders approve the proposed director re-election at The9 Limited's December 22, 2025 AGM (NCTY)?
