Gaming

NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that the Company has signed a strategic memorandum of understanding ("MOU") with Autodesk Software ( China ) Limited ("Autodesk ( China )") in the Digital Education Town in Changle, Fuzhou . Both parties intend to establish a long-term communication mechanism through utilizing their core technology advantages, and work together to promote the application of digital technology in education. Both parties also plan to jointly participate in the UNESCO's charity activities in digital education and continuously deepen cooperation in education philanthropy. Meanwhile, NetDragon and Autodesk ( China ) have agreed to build a digital education ecosystem together. Having joined the "Autodesk ECOX Project", NetDragon will cooperate with Autodesk ( China ) to inject new vitality into the development of digital education ecosystem through technology exchanges, venue cooperation, business activities and market promotion. Mr. Liu Dejian, Chairman of NetDragon and Mr. Richard Li Chairman of Autodesk ( China ) have both attended the signing ceremony.

NetDragon Websoft Holdings Limited Logo (PRNewsfoto/NetDragon Websoft Holdings Limi)

During the signing ceremony, both sides agreed to build a long-term communication mechanism, constantly enrich and refine the communication channels, and promote in-depth development of the strategic partnership. The two parties intend to make digital education promotion the core of business cooperation, including 2D and 3D technology communications, sharing of digital content creation experience etc.

The advanced 2D and 3D technologies of Autodesk ( China ) will further enhance and expand the design capabilities and creative inspiration of NetDragon's designers, enabling them to design products which will fit teaching needs better. Meanwhile, NetDragon will also utilize Autodesk ( China )'s technologies, products and services to improve the efficiency of 2D and 3D technologies in the digital education industry. Leveraging on years of experiences in digital education content creation and management, the Company has promoted the efficient development of digital education content production and will further improve the digital education ecosystem.

In addition to technology cooperation, NetDragon and Autodesk ( China ) have also reached a preliminary consensus on expanding cooperation in education philanthropy. Both parties plan to participate in UNESCO's digital education charity works to continually improve the education development in remote areas and promote educational equity.

Besides, NetDragon has joined the "Autodesk ECOX Project", in which the Company, like other members, will have the opportunity to obtain various accelerated support from Autodesk ( China ), including technical support, market promotion, industry knowledge etc.

NetDragon was invited to attend the Autodesk University meeting in November 2020 . During the event, taking the virtual scene designs of graduation exhibition and graduation ceremony developed with the Central Academy of Fine Arts ("CFAF") as an example, the Company shared the practices and insights about how design and creative ideas could be applied in education, exhibition and other industries.

In the future, leveraging on the venue cooperation in the Digital Education Town, technology seminars, and IP linkage market promotion, both sides will jointly carry out the construction of digital education ecosystem through the "Autodesk ECOX Project".

Netdragon has focused on applying new technologies such as AI, VR, AR, and big data to various education segments for years and is committed to upgrading traditional pedagogy and creating lifelong learning communities. By integrating its edges in technology, platforms and resources, Netdragon has launched a series of innovative products and solutions such as 101 Education PPT, 101VR Immersive Classroom, AI education robot, Intelligent Space Solution, NCET virtual experiment and One-stop Learning. Meanwhile, leveraging on the digital education resource production base in the Digital Education Town, the Company has promoted digital education around the world. Currently, NetDragon's education business has covered more than 190 countries and regions worldwide, with more than 2 million classrooms and over 100 million users.

Autodesk, Inc. (NASDAQ: ADSK), the parent company of Autodesk ( China ), is dedicated to providing 2D and 3D design software, engineering software and digital content to help users unleash their unlimited creative potential. It has launched various products that are able to provide superior digital design and engineering software services for a wide range of applications in architecture, engineering, manufacturing, and film animation industries. For example, the company has launched the famous computer-aided design software AutoCAD, 3D animation rendering and production software 3D Max, 3D modeling and animation software Maya, etc.

NetDragon and Autodesk ( China ) have reached a strategic cooperation in promoting the development of digital education ecosystem and participating in education philanthropy. The cooperation is not only a strong alliance with complementary advantages in the areas of technology and resources, but also a brand new attempt by the two parties to explore a new path to jointly build a digital education ecosystem. Both parties will maximize the synergies through cooperation to provide new growth drivers in the digital education ecosystem.

About NetDragon Websoft Holdings Limited

NetDragon Websoft Holdings Limited (HKSE: 0777) is a global leader in building internet communities with a long track record of developing and scaling multiple internet and mobile platforms that impact hundreds of millions of users, including previous establishments of China's first online gaming portal, 17173.com, and China's most influential smartphone app store platform, 91 Wireless.

Established in 1999, NetDragon is one of the most reputable and well-known online game developers in China with a history of successful game titles including Eudemons Online, Heroes Evolved and Conquer Online. In recent years, NetDragon has also started to scale its online education business on the back of management's vision to create the largest global online learning community, and to bring the "classroom of the future" to every school around the world. For more information, please visit www.netdragon.com .

For investor enquiries, please contact:

Ms. Maggie Zhou
Senior Director of Investor Relations
Tel.: +852 2850 7266 / +86 591 8390 2825
Email: maggiezhou@nd.com.cn
Website: ir.netdragon.com

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SOURCE NetDragon Websoft Holdings Limited

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Investing in Fantasy Sports Stocks

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East Side Games Group Reports Second Quarter 2022 Financial Results

Q2 revenue of $29.7M , an increase of 32% over the same period last year

Announced Normal Course Issuer Bid for up to 4.1 million shares

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EAST SIDE GAMES GROUP ANNOUNCES NORMAL COURSE ISSUER BID

 East Side Games Group Inc. (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company ") announces that the Toronto Stock Exchange (" TSX ") has accepted its notice to proceed with a normal course issuer bid (the " NCIB ").

east side games logo (CNW Group/East Side Games Group)

The Company's board of directors believes that the market price of the Company's common shares (the " Shares "), from time to time, may not reflect the inherent value of the Company, and purchases of Shares pursuant to the NCIB may represent an appropriate and desirable use of the Company's funds.  Any purchases made under the NCIB will be made by the Company subject to favourable market conditions at the prevailing market price at the time of acquisition through the facilities of the TSX and other alternative Canadian trading systems.

Pursuant to the notice, during the twelve month period commencing August 16, 2022 and ending August 15, 2023 , the Company may purchase up to 4,076,819 of its Shares, representing approximately 5% of its outstanding Shares as of August 2 , 2022.  Under the NCIB, other than purchases made pursuant to block purchase exemptions, the Company may purchase up to 5,371 Shares on the TSX and other alternative Canadian trading systems during any trading day, which represents approximately 25% of the average daily trading volume of the Shares on the TSX for the past six calendar months, being 21,486 shares per day. The Company may cancel any Shares repurchased under the NCIB, or reserve them for awards under its equity compensation plan.

In conjunction with the NCIB, the Company has entered into an automatic share purchase plan (the " ASPP ") with a designated broker to allow for the purchase of its Shares under the NCIB at times when the Company normally would not be active in the market due to applicable regulatory restrictions or internal trading blackout periods.  The ASPP has been pre-cleared by the TSX and is effective August 16, 2022 , the commencement date of the NCIB.  The ASPP constitutes an "automatic securities purchase plan" under applicable Canadian securities laws.  Shares purchased under the ASPP will be included in computing the number of Shares purchased under the NCIB.  Outside of these internal trading blackout periods, purchases under the NCIB will be made based on management's discretion.

Although the Company intends to purchase Shares under its NCIB, there can be no assurances that any such purchases will be completed.

ABOUT EAST SIDE GAMES GROUP

East Side Games Group (formerly operating under the name "LEAF Mobile Inc.") is a leading free-to-play mobile game group, creating engaging games that produce enduring player loyalty. Our studio groups entrepreneurial culture is anchored in creativity, execution, and growth through licensing of our proprietary Game Kit software platform that enables professional game developers to greatly increase the efficiency and effectiveness of game creation in addition to organic growth through a diverse portfolio of original and licensed IP mobile games that include: Archer: Danger Phone, Bud Farm Idle Tycoon, Cheech & Chong Bud Farm , The Goldbergs: Back to the 80s, It's Always Sunny: The Gang Goes Mobile and Trailer Park Boys Grea$y Money , RuPaul's Drag Race Superstar and The Office: Somehow We Manage .

We are headquartered in Vancouver, Canada and our games are available worldwide on the App Store and Google Play. For further information, please visit: www.eastsidegamesgroup.com and join our online communities at LinkedIn , Twitter , Facebook , and Instagram .

Additional information about the Company can be found under its profile at www.sedar.com .

Forward-looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the NCIB and purchases thereunder and the effects of repurchases. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.  In particular, purchases made under the NCIB are not guaranteed and may be suspended at the discretion of the Company.  These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.

SOURCE East Side Games Group

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Since the 18th CPC National Congress, the CPC Central Committee, with Comrade Xi Jinping as the core, has attached great importance to sports. In order to further the Healthy China Strategy and the national fitness strategy, China has accelerated its journey towards a leading sporting nation, and built public service systems for national fitness with higher level to give full play to national fitness in improving people's health, promoting human development, driving economic and social development and presenting the soft power in culture. For that purpose, the State Council has launched the National Fitness Program (2021-2025) , with the aim to build better public service systems for national fitness, provide more convenient public fitness and increase the size of the national sport industry to CNY 5 trillion . In addition, as 3×3 basketball, a mode of street basketball, has been officially included as an official Olympic sport since the Tokyo 2020 Olympic Games, it is recognized as the world's most popular team sport in cities worldwide as an emerging sport style.

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