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The9 Signed a Legally Binding Term Sheet with a Leading AI SaaS Legal Service Platform 365LAWHELP.COM

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SHANGHAI, Feb. 21, 2024 /PRNewswire/ — The9 Limited (Nasdaq: NCTY) (“The9”), an established Internet company, today announced that it signed a legally binding term sheet (the “Term Sheet”) with Zhejiang Fazhidao Information Technology Co., Ltd. (“Fazhidao”) to purchase 19% shares of Fazhidao by cash and issuance of The9’s restricted shares. The9 is also granted a purchase option to purchase up to 51% of the total shares of Fazhidao, based on a valuation calculated as 7 times of Fazhidao’s audited annual profit after tax, provided that such valuation should be higher than a pre-agreed valuation.

Established in 2019, Fazhidao owns and operates 365LAWHELP.COM and mobile app FaBaoWang, a leading artificial intelligence (AI) Software as a service (SaaS) legal service platform in China. It has more than 120,000 cumulative paid subscribers from large companies to micro companies and individuals. The gross sales were over US$50 million in 2023. 365LAWHELP.COM has provided more than 100 million times services to customers cumulatively. It has created large-scale AI legal models based on 13 billion model parameters, collecting historical legal service interactive data with the dynamic growth of more than 100,000 new consultation conversations data used for machine learning every day. Daily service data feeds back to the large-scale AI legal model at the same time, continuously improving the service quality.

365LAWHELP.COM develops AI legal Generative Pre-trained Transformer (Gpt) which provides the legal advice that complies with the laws and regulations based the platform’s real-time data. Based on database cases and AI model calculations, precaution measures and potential solutions are provided. Also future event development is predicted for customers to plan in advance develop forecasts and feasibility plans. The platform also provides the highest level of confidentiality for all customers’ information. The services offered include professional online legal consultation, one-stop enterprise-specific compliance services, tax consulting services, contract customization and review, electronic signatures, contract template download, legal letter submission, litigation document drafting and risk management and control solutions for enterprises’ modules including human resources, finance, administration and intellectual property.

Pursuant to the Term Sheet, The9 will pay cash consideration of US$1 million and will issue restricted Class A ordinary shares to Fazhidao with the value of US$14.2 million. The value of each share will be determined by the average closing price of The9 ADS 20 trading days prior to the signing of the definitive agreement. A portion of restricted shares will be released from lock-up when the market capitalization of The9 will reach US$200 million, US$500 million and US$1 billion respectively. The rest of the restricted shares shall be released from the lock-up when either of the following conditions are met: Fazhidao completes a qualified IPO and its shares owned by The9 become freely tradable in the open market; or if and when the The9 exercises its purchase option and, as a result, holds a minimum 51% of the then total share capital of Fazhidao. Fazhidao may undergo certain restructuring to facilitate these conditions.

“We are the leading AI SaaS legal service platform in China. We are the pioneer in this industry to use AI and industry big data to address the legal needs for enterprises effectively and efficiently. With the storage of substantial volume of industry data and by leveraging AI legal models to support its legal technology services, our AI platform has becoming more and more powerful to provide our customers with convenient and professional services. Our proprietary AI SaaS legal technology has already obtained 52 Software invention patents, copyrights and trademarks in China. There are more than 50 million companies in China. Majority of these are micro companies without in-house legal counsel. In 2023, the legal service market in China was approximately US$40 billion. There is a big room for us to increase our paid subscribers in China to 1 million in 3 years. The legal service market in the U.S. is even much bigger, being approximately US$300 billion in 2023. We observed there are several AI legal platforms in the U.S. with shorter history than us and doing very well in the U.S. With the investment from The9, we are going to strengthen our proprietary development ability and we are confident to safeguard our leading position in China and seek for global expansion in future. Our vision is to use AI legal technology to serve the billion individual and corporate markets in China and the U.S. through continued and focused AI legal technology improvement, and to deliver efficient, professional and affordable AI legal solutions. Everyone will no longer have legal troubles,” said Mr. Junkai Li, founder and CEO of Fazhidao.

“We believe AI technology and application will bring revolutionary changes to almost every industry in the World. Therefore huge market opportunities will be created for many industries. This investment is part of The9’s overall strategy to start with AI application business, including integrating AI technology into our business, partnering with other AI companies and investing and acquiring innovators who have developed their own AI applications,” said Mr. George Lai, CFO and Director of The9.

Safe Harbor Statement

This current report contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond The9’s control. The9 may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about The9’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: The9’s goal and strategies; The9’s expansion plans; The9’s future business development, financial condition and results of operations; The9’s expectations regarding demand for, and market acceptance of, its products and services; The9’s expectations regarding keeping and strengthening its relationships with business partners it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in The9’s filings with the SEC. All information provided in this current report is as of the date hereof, and The9 does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

The9 Limited
17 Floor,
No. 130, Wu Song Road,
Hong Kou District,
Shanghai 200080, PRC

About The9 Limited 

The9 Limited (The9) is an Internet company listed on Nasdaq in 2004. The9 aims to become a global diversified high-tech Internet company, and is engaged in blockchain business including the operation of cryptocurrency mining. The9 is also stepping into AI application business in different industries.

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SOURCE The9 Limited

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Wenge AI Subsidiary D2 Intelligence Showcases Four AI Products at Hong Kong FinTech Week 2026

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HONG KONG, Nov. 3, 2026 /PRNewswire/ — D2 Intelligence, a subsidiary of Wenge AI (1956.HK), is showcasing at Hong Kong FinTech Week x StartmeupHK 2026. Under this year’s theme “Fintech Nexus: Bridging the World, Building the Future”, Asia’s flagship fintech event brought together more than 45,000 attendees from more than 120 economies. At its exhibition booth, D2 Intelligence showcased four AI products — Decitron, ScienceOra, DocuMind and Checkie — spanning decision intelligence, scientific research, enterprise document intelligence and consumer-grade risk checking.

Decitron — the world’s first general-purpose large decision model.

Released by Wenge AI in June 2026, Decitron was a centerpiece of the showcase. Built on three technical pillars — a World Model, multi-agent reasoning and game solving — the model understands events, deduces possible paths and compares outcomes for complex, open-ended problems. On the internationally recognized PolyBench benchmark, it achieved a Final Forecast Accuracy of 81.20%. Rather than simply answering questions, it generates deduction process reports and comprehensive analysis reports for decision-makers, and continuously tracks evolving situations through its X-Signal global signal capability.

Decitron is available at https://decitron.wenge.com/app.

ScienceOra — an intelligent research decision platform for AI for Science (AI4S).

ScienceOra is built on the ScienceOne Scientific Foundation Model. Recently launched on Tencent WorkBuddy with more than 30 specialist research agents and skills, ScienceOra supports literature analysis, hypothesis development, study design, modeling and simulation, validation and research communication across disciplines. At the booth, ScienceOra demonstrated how, in a drug R&D scenario, a researcher evaluating Fostamatinib can first build a developability evaluation framework, then analyze the compound’s ADMET characteristics together with known bioactivity and toxicity data, and finally receive a proposed follow-up validation plan with key metrics.

ScienceOra is available at https://www.scienceone.ai/portal/.

DocuMind — an enterprise document intelligence and decision platform.

Launched by D2 Intelligence in September 2026, DocuMind serves financial services, insurance and public services, where accuracy, compliance and traceability are critical. Built on Wenge AI’s DOMA architecture (Data, Ontology, Models and Agents), it brings document recognition, information extraction, cross-document verification and risk review into a single, fully traceable workflow. In the HKMA GenA.I. Sandbox, DocuMind processed a trade finance document of up to 10 pages in under 30 seconds — compared with 10 to 20 minutes manually — with extraction accuracy for core fields exceeding 95% and a review automation rate of approximately 85%. Every conclusion retains its rationale, evidence and audit trail, and the platform supports data masking, isolated environments and on-premises deployment.

Checkie — an AI-powered “second opinion” for everyday decisions.

Checkie turns contracts, freelance offers and dating profiles into easy-to-read reality checks. Users upload PDFs or screenshots, and Checkie applies OCR and image analysis to flag unusual details and points worth a second look — from clauses buried in a rental agreement to red flags in a job offer or an online conversation. During the event, Checkie was named a Global Fast Track 2026 Semi-Finalist by Invest Hong Kong. Checkie was also recently nominated as China’s sole representative in the Government and Citizen Engagement category of the World Summit Awards (WSA) 2026, a United Nations-backed global digital innovation award, and will represent China in the upcoming global selection.

Checkie is available at https://checkie-ai.com/.

About D2 Intelligence

D2 Intelligence is a data and decision intelligence company powered by AI LLMs. We provide products and solutions for digital transformation, cross‑modal analytics, AI‑assisted decision optimization, AIGC content creation, financial risk management and investment research. We serve global brands, financial institutions and media companies including Haier, BYD, Kantar, China Construction Bank, China Merchants Bank, Guotai Junan Securities and CMG Asia-Pacific. Our headquarters is in Hong Kong, with R&D teams across major cities in Mainland China. For more information, visit https://www.d2-ai.com/.

About Wenge AI

Wenge AI (1956.HK) is a provider of artificial intelligence technology and service platform products for enterprises. With self-developed large models as its core, the company helps enterprises build practical intelligent platforms and applications. Founded by a team of AI scientists from the Chinese Academy of Sciences, Wenge AI has deep technological expertise in large models, cognitive intelligence and complex-system modeling, and is committed to advancing AI from technological capabilities to enterprise-level applications.

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SOURCE Wenge AI

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Trane Expands Future Climate Engineers Scholarship Program in Indonesia to Broaden Student Access

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BANDUNG, Indonesia, Nov. 4, 2026 /PRNewswire/ — Trane – by Trane Technologies (NYSE: TT), a global climate innovator, has announced the expansion of the Trane Future Climate Engineers Scholarship Program in Indonesia, part of its commitment to help develop the next generation of climate leaders.

Building on a successful inaugural year, Trane is building upon its collaboration with Politeknik Negeri Bandung (POLBAN) and local non-governmental organization Yayasan Generasi Cerdas Iklim (GCI) to equip more emerging professionals with the financial support, technical training and leadership development needed to drive impact in a rapidly evolving industry.

“The HVAC industry needs talent with more than technical knowledge. As the industry evolves, there is growing demand for future-ready professionals who can apply digital tools, improve energy efficiency and help advance sustainability goals,” said Steven Lim, Country Leader of Trane Indonesia. “Through this scholarship program, we are helping bridge the gap between academic learning and industry experience, equipping young people with the skills, exposure and confidence to succeed and make a meaningful impact.”

In response to the evolving skills needs of Indonesia’s climate and energy sectors, the 2026 program is expanding its scope to include additional participants and disciplines. The program will continue its focus on Refrigeration and Air Conditioning Engineering while also welcoming high-potential students from POLBAN’s Mechanical Engineering, Energy Engineering, Electrical Engineering and Business Administration disciplines.

The program’s learning experience has also been enhanced. Co-developed by Trane and GCI, the curriculum now brings together experts in climate resilience, low-carbon development and artificial intelligence to provide students with broader exposure to the issues shaping the future of the industry. Through an intensive leadership and innovation experience, mixed-discipline student teams will develop and implement community mini-projects designed to apply their learning in practical ways.

To further extend the program’s impact, selected online training sessions that were previously available only to scholarship recipients will now be offered free of charge to the public. This open-access approach will enable more young people across Indonesia to explore climate, sustainability and green career pathways.

“The scholarship program gives students the opportunity to learn and grow beyond the classroom, while exposing them to diverse professional and industry perspectives,” said Iwan Ridwan, S.T., M.T., Ph.D., Vice Director for Academic Affairs of POLBAN. “We look forward to continuing this collaboration to strengthen the connection between vocational education and industry needs, helping students better understand how their knowledge can be applied in the workplace and in broader society.”

“Over the first year, the program demonstrated strong interest among young people in climate, energy and sustainability,” said Ikrom Mustofa, S.Si., M.Sc., Founder and Advisor of GCI. “By opening selected sessions to the public, we are expanding access for students from diverse academic backgrounds while continuing to provide scholarship recipients with structured and in-depth development support.”

The Future Climate Engineers Scholarship supports the company’s 2030 Sustainability Commitments, and its efforts to expand access to STEM education and inspire the next generation of learners with the potential to transform our way of life and our world.

About Trane

Trane – by Trane Technologies (NYSE: TT), a global climate innovator – creates comfortable, energy efficient indoor environments for commercial and residential applications. For more information, please visit www.trane.com or www.tranetechnologies.com.

About Trane Technologies

Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more on Trane Technologies, visit tranetechnologies.com.

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SOURCE Trane – by Trane Technologies

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Viettel Group and Vietnam’s Government Cipher Committee Unveil Security Chip Embedding Vietnamese Cryptography in Silicon

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HANOI, Vietnam, Nov. 3, 2026 /PRNewswire/ — Vietnam’s Government Cipher Committee and Viettel Group have unveiled VGC v1.0, a security chip integrating a domestically developed cryptographic algorithm directly into silicon, alongside the country’s first domestically designed secure semiconductor platform.

The project addresses concerns over potential data exposure associated with reliance on imported chips. By embedding cryptographic functions directly into hardware, Vietnam’s Government Cipher Committee and Viettel Group aim to strengthen Vietnam’s control over the design and verification of technologies used to protect sensitive information.

VGC v1.0 contains 300 million transistors in a 10 × 10 mm package and is fabricated using a 28-nanometre CMOS process. In performance tests, it performed encryption and decryption approximately 15 times faster than a software-only solution carrying out the same tasks. The first batch passed technical tests and received certification for socio-economic applications in the first quarter of 2026. Technical safeguards were also applied to protect the design before fabrication, reducing risks of information leakage and reverse engineering.

The Government Cipher Committee’s M2 unit established security requirements, developed the cryptographic algorithm and defined evaluation criteria, while Viettel Semiconductor Center designed and implemented the chip. Based on the open RISC-V instruction set architecture, the underlying platform enables Vietnamese engineers to modify processor designs and reuse established verification processes for future chip generations.

VGC v1.0 has already seen initial deployment in secure USB storage devices for Party, government and defence agencies. Planned applications include supporting Vietnam’s national digital signature certification system, which has more than two million digital certificates in circulation. Other potential uses span financial data protection, connected cameras and sensors, and critical infrastructure systems in electricity, water, oil and gas, and telecommunications. Products intended to protect state secrets would require further testing and certification under applicable standards.

“Researching, designing and developing secure semiconductor chips is a formidable challenge, requiring years of accumulated expertise, technological capabilities and highly skilled talent. Yet we believe that starting later does not mean accepting dependence on others. With the right strategy, focused resources and sustained commitment, we can steadily close the gap and move towards mastering technologies of strategic importance to our country,” said Lieutenant General Tao Duc Thang, Chairman and CEO of Viettel Group.

At the launch, the Vietnam’s Government Cipher Committee and Viettel Group signed an agreement covering plans for volume production, multicore security chips, specialist workforce development and testing on real devices. Viettel is also building a semiconductor fabrication plant in Hoa Lac as part of broader efforts to develop domestic capabilities across chip design, manufacturing and packaging.

Beyond the initial chip, the initiative establishes a foundation for future generations of security hardware, supporting Vietnam’s long-term efforts to reduce technological dependence and strengthen control over critical digital technologies.

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SOURCE Viettel Group

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