[Supplementary Announcement Overview](index=1&type=section&id=Supplementary%20Announcement%20Overview) This supplementary announcement provides details on the 2020 Share Option Scheme and the current board composition [Purpose and Background of the Announcement](index=1&type=section&id=Purpose%20and%20Background%20of%20the%20Announcement) This announcement supplements Changyou International Group Limited's 2024 annual report, providing additional information - This is a supplementary announcement to the annual report of Changyou International Group Limited (Stock Code: 1039) for the year ended December 31, 2024[2](index=2&type=chunk) - The original annual report was published on April 28, 2025[2](index=2&type=chunk) [Supplementary Disclosure on 2020 Share Option Scheme](index=1&type=section&id=Supplementary%20Disclosure%20on%202020%20Share%20Option%20Scheme) The 2020 Share Option Scheme's available options remained unchanged in FY2024, with no impact on the annual report - The company provides supplementary information regarding the 2020 Share Option Scheme[3](index=3&type=chunk) Number of Share Options Available for Grant under 2020 Share Option Scheme | Date | Number of Share Options Available for Grant (shares) | | :--- | :--- | | 2024年1月1日 | 181,095,327 | | 2024年12月31日 | 181,095,327 | - The supplementary information does not affect any other information contained in the annual report, with all other information remaining unchanged[3](index=3&type=chunk) [Composition of the Board of Directors](index=1&type=section&id=Composition%20of%20the%20Board%20of%20Directors) The announcement lists Changyou International Group Limited's current board members, including executive, non-executive, and independent directors - Executive Directors include Mr Cheng Jerome and Mr Sun Jun[3](index=3&type=chunk) - Non-Executive Directors include Ms Hu Qing and Ms Liu Jingyan[3](index=3&type=chunk) - Independent Non-Executive Directors include Mr Wong Chi Keung, Mr Yip Wai Lun, and Mr Chan Chi Keung[3](index=3&type=chunk)

暢由國際集團有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於二零 二五年八月二十八日（星期四）假座香港薄扶林數碼港道100號數碼港3座E區4樓 405-414室45號辦公室舉行董事會會議，以（其中包括）(i)考慮及通過本公司及 其附屬公司截至二零二五年六月三十日止六個月之中期業績及其發佈；以及(ii) 考慮派發中期股息（如有）。 承董事會命 暢由國際集團有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 CHANGYOU INTERNATIONAL GROUPLIMITED 暢 由 國 際 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1039） 董事會會議通告 於本公告日期，本公司執行董事為 Cheng Jerome 先生及孫駿先生；本公司非執 行董事為胡青女士及劉京燕女士；以及本公司獨立非執行董事為黃之強先生、葉 偉倫先生及陳志強先生。 公司秘書 陳志強先生 香港，二零二五年八月八日 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01039 | | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 1,810,953,272 | | 0 | | 1,810,953,272 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 1,810,953,272 | | 0 | | 1,810,953,272 | 公司名稱: 暢由國際集團有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | ...

CHANGYOU INTERNATIONAL GROUP LIMITED 暢由國際集團有限公司 (incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock code 股份代號: 1039) N O T I F I C AT I O N L E T T E R 通 知 信 函 Dear Registered Shareholder(s), Changyou International Group Limited (the "Company") – Notice of Publication of Circular, Notice of and Proxy Form for Extraordinary General Meeting (the "Current Corporate Communications") The Current Corporate Communications of the Company have been published in English and Chinese lan ...

Changyou International Group Limited (the "Company") – Notice of Publication of Circular and Notice of Extraordinary General Meeting (the "Current Corporate Communications") CHANGYOU INTERNATIONAL GROUP LIMITED 暢由國際集團有限公司 (incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock code 股份代號: 1039) N O T I F I C AT I O N L E T T E R 通 知 信 函 Dear Non-registered holder(s) (Note) , The Current Corporate Communications of the Company have been published in English and Chinese languages an ...

本人╱吾等 （附註1） 地址為 為暢由國際集團有限公司（「本公司」）已發行股本中每股面值0.01美元股份（「股份」）共 股 （附註2） CHANGYOU INTERNATIONAL GROUP LIMITED 暢由國際集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1039） 股東特別大會適用之代表委任表格 5. 本代表委任表格須由 閣下或 閣下正式書面授權之人士簽署。如股東為法團，則代表委任表格須蓋上公司印鑑，或經由公司負責人或獲正式書面授權之人士簽署。 收集個人資料聲明 日期： 簽署： （附註5） 附註： 1. 請用正楷填上全名及地址。所有聯名登記持有人之姓名亦須註明。 2. 請填上 閣下名下之股份數目。如未有填上股份數目，則本代表委任表格將被視為與 閣下名下登記之所有本公司已發行股本中之股份有關。 地址為 作為本人╱吾等之受委代表，代表本人╱吾等出席謹訂於二零二五年八月二十日（星期三）上午十一時正假座香港薄扶林數碼港道100號數碼 港3座E區四樓405-414室舉行之大會（或其任何續會），按下列指示以本人╱吾等之名義代本人╱吾等就召開大會的通告所載之決議案投票； 倘無作出指示，則由本人╱吾等 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責，對其準確性或完 整性亦無發表任何聲明，並明確表示概不就因本通告全部或任何部分內容而產生或因依賴該等內容 引致的任何損失承擔任何責任。 CHANGYOU INTERNATIONAL GROUP LIMITED 暢 由 國 際 集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1039） 股東特別大會通告 茲通告暢由國際集團有限公司（「本公司」）謹訂於二零二五年八月二十日（星期三）上午11時正假座薄 扶林數碼港道100號數碼港3座E區四樓405-414室舉行股東特別大會（「股東特別大會」）（或其任何續 會），以考慮並酌情通過下列決議案（無論有否修訂）為本公司普通決議案： 普通決議案 1 1. 「動議： (a) 批准、確認及追認本公司與PCL訂立日期為二零二五年五月三十日的有條件補充融資協議 （「第四份補充二零一九年融資協議」）（定義見本公司日期為二零二五年八月一日的通函（「通 函」），註有「A」字樣的協議副本已提呈股東特別大會並由股東特別大會主席簡簽以資鑒別） （據此，本公司已有條件同意就向PCL墊付本金總額不超過1億港元的無抵押循 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的股票經紀或其他註冊證券交 易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有暢由國際集團有限公司股份，應立即將本通函連同隨附的代表委任表 格送交買主或承讓人，或經手買賣或轉讓的銀行、股票經紀或其他代理商，以便轉交買主或承讓 人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負責，對其準確性或完 整性亦無發表任何聲明，並明確表示概不就因本通函全部或任何部分內容而產生或因依賴該等內容 引致的任何損失承擔任何責任。 CHANGYOU INTERNATIONAL GROUP LIMITED 暢由國際集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1039） (1)持續關連交易 (i)有關授出二零一九年循環貸款融資之 第四份補充二零一九年融資協議 及 (ii)有關授出二零二一年循環貸款融資之第二份補充二零二一年融資協議 及 (2)股東特別大會通告 獨立董事委員會及獨立股東之獨立財務顧問 本封面頁所用詞彙應與本通函所界定者具相同涵義。 董事會函件載於本通函第8至36頁及獨立董事委員 ...

User Growth and Engagement - For the year ended December 31, 2024, the cumulative number of registered users of the Changyou Platform reached approximately 251.8 million, an increase of approximately 48.1 million or 24% compared to 203.7 million as of December 31, 2023[24] - The total number of registered users increased from approximately 203.7 million as of December 31, 2023, to approximately 251.8 million as of December 31, 2024, indicating a significant user growth[27][41] - The Changyou Platform has undergone rapid development, offering more diversified products and services while expanding its user base and consumption scenarios[24] - The Group has explored social and gaming applications to enhance user retention and engagement, ensuring greater loyalty among specific user segments[43] - The Group has established a dedicated reward points alliance product section to facilitate mutual point redemption among alliance members, enhancing user attraction through effective traffic redirection[44] Financial Performance - The gross profit for the year ended December 31, 2024, was approximately RMB 39.3 million, with a gross profit margin of approximately 21.7%, up from 17.3% in the previous year[28][30] - The Group recorded a consolidated revenue of approximately RMB180.7 million for 2024, representing a decrease of approximately 20.3% compared to RMB226.8 million in 2023[50][53] - Other income decreased to approximately RMB0.6 million in 2024 from RMB2.6 million in 2023[52][55] - Selling and distribution expenses decreased by approximately 26.3% to RMB3.9 million in 2024, down from RMB5.3 million in 2023[57][63] - Administrative expenses increased by approximately 1.0% to RMB31.0 million in 2024, compared to RMB30.7 million in 2023[58][64] - Research and development costs decreased by approximately 22.1% to RMB7.6 million in 2024, down from RMB9.7 million in 2023[59][65] - Finance costs decreased significantly by approximately 39.4% to RMB20.8 million in 2024, compared to RMB34.4 million in 2023[60][66] Cash Flow and Liquidity - As of December 31, 2024, cash and cash equivalents were approximately RMB8.2 million, a decrease of approximately RMB17.2 million from RMB25.4 million in 2023[68] - The Group experienced a net cash outflow from operating activities of approximately RMB18.4 million in 2024, compared to a net cash inflow of approximately RMB6.9 million in 2023[68] - As of December 31, 2024, the Group's net current liabilities amounted to approximately RMB 54.0 million, a decrease from approximately RMB 155.6 million as of December 31, 2023[79] - The current ratio as of December 31, 2024, was approximately 0.71, improving from approximately 0.48 as of December 31, 2023[79] Strategic Initiatives and Collaborations - The Group has formed a joint venture with CCB International, UnionPay Merchant, Bank of China, China Mobile, and China Eastern Airlines to develop the Changyou Platform, focusing on a sustainable digital points ecosystem[4] - The Group's collaboration with major financial and telecommunications institutions enhances the strategic advantages of the Changyou Platform[4] - The Changyou Platform aims to integrate digital membership points and resources from business partners to maximize the value of digital points as virtual assets[23] - The Group plans to explore cross-border travel scenarios in 2025, leveraging partnerships to tap into overseas business resources[120] Future Outlook and Development Plans - The Group aims to provide a high-efficiency, secure, and low-cost asset trading experience through the Changyou Platform[15] - The Changyou Platform is expected to play a significant role in the future of financial industry ecosystems by facilitating the circulation and settlement of virtual assets[15] - In 2025, the Group aims to maintain the stability of its SaaS digital points services while expanding business collaborations and enhancing point redemption and benefits promotion[119] - The Group will continue to invest significant resources in research and development to improve existing systems and enhance technology infrastructure[111] Governance and Management - The company has a diverse board with members holding qualifications from prestigious institutions, enhancing governance and oversight[139] - The management team has extensive backgrounds in technology and finance, positioning the company for future growth and innovation[141] - The appointment of Mr. Ip and Mr. Yeung reflects the company's commitment to strengthening its governance and financial management practices[143][145] - The diverse expertise of the management team supports the company's objectives in market expansion and financial performance improvement[145][146] Environmental and Social Responsibility - The Group's environmental policies and performance are discussed in the 2024 Environmental, Social and Governance Report[155]

Financial Performance - The company's revenue decreased to approximately RMB 180.7 million for the year ended December 31, 2024, down about 20.3% compared to RMB 226.8 million in 2023[6] - Gross profit for the year ended December 31, 2024, was approximately RMB 39.3 million, with a gross margin increase from about 17.3% in 2023 to approximately 21.7% in 2024[6] - The total transaction volume for the company's alliance business decreased to approximately RMB 245.4 million for the year ended December 31, 2024, compared to RMB 257.1 million in 2023[6] - The net loss attributable to equity shareholders for the year ended December 31, 2024, was approximately RMB 19.5 million, a reduction from RMB 37.6 million in 2023[6] - Basic and diluted loss per share for the year ended December 31, 2024, was approximately RMB 1.08, compared to RMB 2.07 in 2023[6] - The total comprehensive loss for the year ended December 31, 2024, was RMB 15.4 million, compared to RMB 37.5 million in 2023[8] - The group reported a pre-tax loss of RMB 20,814,000 for the year ended December 31, 2024, compared to RMB 34,354,000 in 2023, indicating a reduction in losses of approximately 39.3%[24] - Total other income for the year ended December 31, 2024, was RMB 626,000, significantly down from RMB 2,640,000 in 2023, a decrease of approximately 76.3%[23] Assets and Liabilities - As of December 31, 2024, the company's total assets less current liabilities amounted to RMB (46.3) million, an improvement from RMB (152.1) million in 2023[9] - The company's cash and cash equivalents decreased to RMB 8.2 million as of December 31, 2024, down from RMB 25.4 million in 2023[9] - The net liabilities of the company as of December 31, 2024, were RMB 154.4 million, compared to RMB 153.3 million in 2023[10] - The group's total assets as of December 31, 2024, were approximately RMB 138.8 million, down from RMB 149.5 million as of December 31, 2023[75] - The group's total liabilities were approximately RMB 293.2 million as of December 31, 2024, compared to RMB 302.9 million as of December 31, 2023[75] - The net current liabilities as of December 31, 2024, were approximately RMB 54.0 million, a significant decrease from RMB 155.6 million as of December 31, 2023[75] Cash Flow - The net cash outflow from operating activities was approximately RMB 18.4 million for the year, compared to a net cash inflow of approximately RMB 6.9 million in 2023[69] - The group's cash and cash equivalents as of December 31, 2024, amounted to approximately RMB 8.2 million, a decrease of about RMB 17.2 million compared to RMB 25.4 million as of December 31, 2023[69] Employee and Operational Costs - The group incurred total employee benefits expenses of RMB 21,934,000 in 2024, down from RMB 25,708,000 in 2023, a decrease of approximately 14.5%[25] - Sales and distribution expenses decreased to approximately RMB 3.9 million, a reduction of about 26.3% compared to RMB 5.3 million in 2023[64] - Research and development costs decreased to approximately RMB 7.6 million, a reduction of about 22.1% from RMB 9.7 million in 2023[66] - Financing costs for the year were approximately RMB 20.8 million, a decrease of about 39.4% compared to RMB 34.4 million in 2023[67] Shareholder Information - The company did not recommend the payment of any final dividend for the year ended December 31, 2024[6] - The board does not recommend any final dividend for the year ending December 31, 2024, consistent with the previous year[87] - The issued share capital remains at 5,000,000 shares with a par value of USD 0.01 per share for both 2024 and 2023[50] Future Outlook and Strategy - The group plans to enhance its SaaS digital points service and expand new revenue lines in 2025, focusing on user retention and operational efficiency[89] - The group aims to leverage its existing resources, such as hotels and supermarkets, to integrate its brand resources and explore synergies in the travel business in 2025[89] - The group anticipates that 2025 will be a challenging year due to uncertainties in domestic consumption and increasing cost pressures from various institutions[88] Audit and Compliance - The independent auditor confirmed that the consolidated financial statements fairly represent the group's financial position as of December 31, 2024[96] - The audit committee reviewed the audited consolidated financial statements for the year ended December 31, 2024[95] - The company will hold its annual general meeting on May 30, 2025[91] - Share transfer registration will be suspended from May 27, 2025, to May 30, 2025[92] - The company has adopted the standard code of conduct for securities trading by directors[94] - The annual report will be published on the Hong Kong Stock Exchange website and the company's website[99] Risks and Uncertainties - There are significant uncertainties regarding the company's ability to continue as a going concern[98] - The group will continue to monitor foreign exchange risks and may consider hedging strategies if necessary, although it currently has no hedging in place[84]