Core Insights - Global Mofy Metaverse (NASDAQ:GMM) stock is experiencing significant gains following the announcement of a collaboration with Heartdub, a provider of physical simulation technology [1] - The partnership aims to leverage Nvidia's Omniverse Cloud API and RTX GPU technologies to launch Gausspeed, an AI platform for creatives, particularly in the film industry [1][2] - GMM stock has surged by 51.8% as of Tuesday morning, with trading volume exceeding 50 million shares, a substantial increase from its average of approximately 423,000 shares [3] Company Developments - The collaboration with Heartdub is expected to provide Global Mofy Metaverse with a competitive advantage by combining resources and technologies to transform filmmaking [2] - The launch of Gausspeed is positioned as a significant innovation in the creative sector, particularly for early scene creation in film [1][2] Market Reaction - The announcement has led to heavy trading activity in GMM stock, indicating strong investor interest and confidence in the company's future prospects [3] - The stock's price increase reflects positive market sentiment towards the strategic partnership and its potential impact on the company's growth [3]

Company Overview - Global Mofy Metaverse Limited (NASDAQ: GMM) is a technology solutions provider specializing in virtual content production and digital asset development for the digital entertainment industry [1][4] - The company utilizes its proprietary "Mofy Lab" technology platform, which integrates interactive 3D and AI technologies, to create high-definition virtual versions of physical world objects, including characters, objects, and scenes [4] - Global Mofy Metaverse is one of China's leading digital asset banks, with a library of over 30,000 high-precision 3D digital assets [4] Recent Development - The company has signed a new agreement to provide virtual technology services to one of China's leading content creators, leveraging its Mofy Lab platform for virtual scene construction in an upcoming television program [1] - Mofy Lab's AI-driven asset labeling and sorting system enables faster digital asset deployment, reducing time-to-market and development costs while maintaining superior quality [2] Strategic Positioning - The company aims to solidify its position as a premier digital asset developer, owner, and licensor by creating tools and digital components essential for AI, virtual, and Metaverse-focused applications [3] - Global Mofy Metaverse is focused on empowering creators to bring imaginative concepts to virtual life, positioning itself at the forefront of digital content creation [3] Industry Applications - The digital assets developed by the company are applicable across various industries, including movies, TV series, AR/VR, animation, advertising, and gaming [4]

Company Overview - Global Mofy Metaverse Limited is a technology solutions provider focused on virtual content production and digital asset development for the digital entertainment industry [6] - The company utilizes its proprietary "Mofy Lab" technology platform, which integrates interactive 3D and AI technology to create high-definition virtual representations of various physical objects [6] Industry Insights - The fashion industry is experiencing a transformative period driven by the integration of Metaverse and AI technologies, leading to significant value creation and operational efficiencies [2] - Companies that adopt these new technologies are likely to enhance customer experiences and reshape the fashion value chain [2] - The 2024 China Fashion Week highlighted the intersection of fashion, AI, and the Metaverse, addressing sustainability and technological advancements as key industry challenges [3][5] Technological Advancements - Global Mofy aims to leverage 3D technology to innovate the fashion industry, focusing on sustainable development and personalized consumer demands [4] - The company believes that advancements in technologies such as AI, 5G, and increased computing power will enhance the viability of wearable devices and improve virtual experiences [5] Future Outlook - The company anticipates that digital assets will play a crucial role in the fashion industry, driven by consumer demand for sustainable and personalized products [5] - Global Mofy is committed to fostering technological innovation and aims to build China's largest digital asset library, promoting a sustainable and interactive fashion industry [5]

Company Overview - Global Mofy Metaverse Limited (NASDAQ: GMM) is a technology solutions provider specializing in virtual content production and digital asset development for the digital entertainment industry [1][5] - The company utilizes its proprietary "Mofy Lab" technology platform, which integrates interactive 3D and AI technologies to create high-definition virtual versions of physical world objects, including characters, objects, and scenes [5] - Global Mofy Metaverse operates one of the leading digital asset banks in China, consisting of over 30,000 high-precision 3D digital assets [5] New Subsidiary: Gauss AI - Global Mofy Metaverse has established a new subsidiary, Gauss AI, focusing on the monetization of AI-generated content (AIGC), AI-generated 3D digital assets, and synthetic video content creation [1] - Gauss AI will specialize in providing advanced AI solutions to customers, aiming to enhance efficiency, intelligence, and innovation in content creation while reducing costs [3] - The subsidiary plans to invest in product and technology roadmaps, leveraging existing and new opportunities in the digital entertainment industry, which is being transformed by the global adoption of AI [3] Industry and Technology Insights - Synthetic video technology involves the use of AI and computer graphics to produce realistic videos, visual effects, animations, and game development, enhancing efficiency and quality through machine learning algorithms [2] - This technology is widely applied in industries such as entertainment, virtual production, video editing, and advertising, and is increasingly used for creating advertisements, product promotions, and brand campaigns [2] - The digital entertainment industry is undergoing rapid changes due to the proliferation of smart devices, which require compelling content for entertainment, education, sales, and information [4] Strategic Vision and Competitive Positioning - The company aims to leverage its expertise in digital content creation and licensing to help customers adapt to the new competitive reality, benefiting from lower costs and greater efficiencies in content creation, deployment, and management [4] - Global Mofy Metaverse believes it is well-positioned competitively due to its leading digital asset bank in China, strong customer base, and a track record of technology innovation, offering a one-stop, lower-cost solution for high-quality virtual content creation [4] Contact Information - For more information, Global Mofy Metaverse can be contacted through its Investor Relations Department or Global IR Partners [8]

Core Viewpoint - Global Mofy Metaverse Limited is experiencing accelerated growth driven by the AI revolution and has secured a major new customer order for 3D digital asset licensing and virtual technology production, highlighting its commitment to delivering innovative virtual content solutions [1][2][3] Group 1: Company Overview - Global Mofy Metaverse is a technology solutions provider focused on virtual content production and digital asset development for the digital entertainment industry [8] - The company operates primarily in two business lines: Virtual Technology Service and Digital Asset Development [3] Group 2: Business Performance - The company reported record-high revenue for fiscal year 2023, achieving over 56% growth compared to fiscal year 2022 [2] - Global Mofy Metaverse controls more than 30,000 high-precision 3D digital assets, which are defined as 4K resolution with movie precision [2][8] Group 3: Technology and Competitive Advantage - The proprietary technology platform, Mofy Lab, enables the company to produce high-quality virtual content quickly and cost-effectively, providing a competitive edge in the market [4][6] - Investments in Mofy Lab allow the company to scale its digital asset bank faster and offer a one-stop, lower-cost solution for creating high-quality virtual content [3][7] Group 4: Market Trends and Future Outlook - The demand and prices for high-quality 3D digital assets are steadily increasing due to the explosive growth in content needed across various platforms, including television, advertising, video games, and movies [3] - The company plans to further expand its digital asset bank and develop digital assets, leveraging strategic partnerships and acquisitions to drive long-term growth [5][3]

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Ladies and gentlemen, welcome to the Global Maltesers Fiscal Year 2023 Earnings Call. At present, our telephone attendants are in a listening only state. After the speech, there will be time for participants to ask questions. Now, let's invite the host to start speaking. Thank you. Thank you, operator. Greetings, dear shareholders, analysts, respected investors, and members of the Global Mophie Metaverse community. Good morning to audiences in the U.S. and good evening to audiences here in China. Thank you ...

Exhibit 99.1 Global Mofy Metaverse Reports Record 2023 Financial Year Results Company to Host Earnings Conference Call on Thursday, February 1, 2024, at 8.30 am ET - Record Revenues of $26.9 million, up 56.4% from year ago, the highest revenue in company's history - Gross profit and net income both reached historical high of $14.5 million and $6.6 million, respectively; with a 54% gross marginBeijing, CHINA, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Global Mofy Metaverse Limited (the "Company" or "Global Mofy Metav ...

Company to Host Earnings Conference Call on Tuesday, February 1, 2024, at 8.30 am ET - Record Revenues of $26.9 million, up 56.4% from year ago, the highest revenue in company's history- Gross profit and net income both reached historical high of $14.5 million and $6.6 million, respectively; with a 54% gross margin BEIJING, Jan. 31, 2024 /PRNewswire/ -- Global Mofy Metaverse Limited (the "Company" or "Global Mofy Metaverse") (NASDAQ: GMM), a technology solutions provider engaged in virtual content productio ...

Corporate Structure and Incorporation - Global Mofy Cayman was incorporated on September 29, 2021, as a holding company with no significant assets or operations, conducting business in China through Global Mofy China and its subsidiaries[280] - Global Mofy WFOE was incorporated on December 9, 2021, focusing on technology development, technical services, and software development[280] - Global Mofy China was incorporated on November 22, 2017, with principal activities including technology development, technical services, design, advertisement production, and film screening[281] - On January 5, 2022, Global Mofy WFOE entered into VIE agreements with Global Mofy China, establishing a VIE structure for accounting purposes under U.S. GAAP[283] - The VIE structure was dissolved on July 8, 2022, after Global Mofy WFOE acquired 100% equity interest in Global Mofy China, making it a wholly owned subsidiary[285] - The company's corporate structure includes subsidiaries such as Global Mofy HK Limited, Mofy Metaverse (Beijing) Technology Co., Ltd., and Global Mofy (Beijing) Technology Co., Ltd.[416] Business Operations and Revenue - The company's revenue for the year ended September 30, 2023 was $26.89 million, with 57% from virtual technology services and 43% from digital asset development and others[330] - Virtual technology services accounted for 57%, 73%, and 47% of total revenues for the years ended September 30, 2023, 2022, and 2021, respectively[337] - Revenue from digital asset development and others reached 43%, 23%, and 10% of total revenues for the years ended September 30, 2023, 2022, and 2021, respectively[340] - Digital marketing revenue accounted for 0%, 4%, and 43% of total revenues for the years ended September 30, 2023, 2022, and 2021, respectively[345] - The company plans to cease its digital marketing business line, which contributed 23% of revenue in FY2022 but 0% in FY2023[330][328] - The company's digital asset bank consists of over 30,000 high-precision 3D digital assets, with a resolution of 4K (4096*2160)[323] - The company's proprietary "Mofy Lab" technology platform includes 3D rebuilt technology and AI interactive technology for creating high-definition virtual assets[326] - The company's virtual technology service contracts are primarily fixed-price and milestone-based, covering visual effect design, content development, and production[324] - The company's digital asset development business grew from 10% of revenue in FY2021 to 43% in FY2023, driven by the metaverse concept[330] - The company plans to expand its digital asset bank to serve the fast-growing metaverse market[339] - The company's virtual content production contracts are typically payable in 2 to 4 installments, with production periods generally lasting 4 to 8 months[336] - The company has built a digital asset bank with over 30,000 3D digital assets, which are licensed to customers for use in applications like animation and gaming[338] - The company's "Mofy Lab" technology platform utilizes 3D rebuilt and AI interactive technologies to convert real-world objects into 3D digital assets for use in the metaverse[346] - Global Mofy operates in two primary business lines: virtual technology services and digital asset development[441] - Virtual technology services include fixed-price contracts for virtual content production, payable on a milestone basis[442] - Digital assets are licensed for use in applications such as movies, TV series, AR/VR, animation, and gaming[443] - High-profile clients include L'Oreal and Pepsi, with repeat business driven by the company's technology platform[441] - Revenues for the year ended September 30, 2023 were $26.89 million, with 57% from virtual technology services and 43% from digital assets development and others[448] - Revenues increased by $9.7 million (56.4%) from $17.19 million in 2022 to $26.89 million in 2023[462] - Virtual technology service revenues increased by $2.8 million (22.7%) from $12.5 million in 2022 to $15.4 million in 2023[463] - Digital assets development and others revenues increased by $7.5 million (186.3%) from $4.02 million in 2022 to $11.51 million in 2023[462] - Gross profit increased by $10.42 million (253.1%) from $4.12 million in 2022 to $14.53 million in 2023[462] - Net income was $6.55 million in 2023, compared to a net loss of $265,241 in 2022[462] - The company adjusted its business strategies for digital marketing, reducing its input and expecting further reduction in revenue proportion[447] - Digital marketing revenues accounted for 0.0% and 3.7% of total revenues for the years ended September 30, 2023 and 2022, respectively, with a decrease due to strategic adjustments and focus on higher margin business lines[465] - Revenues from digital asset development and others increased by $7.5 million, from $4.0 million in 2022 to $11.5 million in 2023, representing 42.8% and 23.4% of total revenues for the respective years[466] - Total cost of revenues decreased by $0.7 million (5.5%), from $13.1 million in 2022 to $12.4 million in 2023, with virtual technology service costs increasing by $0.1 million (1.1%) and digital asset development costs decreasing by $0.4 million (14.1%)[467][469][471] - Gross profit increased by $10.4 million (252.4%), from $4.1 million in 2022 to $14.5 million in 2023, with gross margin rising from 23.9% to 54.0%[472][473] - Operating expenses increased by $2.5 million (56.4%), from $4.4 million in 2022 to $6.9 million in 2023, driven by higher general and administrative expenses and research and development costs[475][477][478] - Selling expenses increased by $0.1 million (91.5%), from $0.2 million in 2022 to $0.3 million in 2023, representing 1.1% and 0.9% of total revenues for the respective years[476] - General and administrative expenses increased by $2.0 million (192.5%), from $1.0 million in 2022 to $3.0 million in 2023, primarily due to professional service fees and provision for doubtful accounts[477] - Research and development expenses increased by $0.3 million (10.5%), from $3.2 million in 2022 to $3.5 million in 2023, as the company completed initial development of digital asset-related techniques[478] - Interest income decreased by $1,718 (4.0%), from $42,948 in 2022 to $41,230 in 2023[479] Regulatory and Compliance - PRC subsidiaries are required to set aside 10% of net income after taxes as statutory surplus reserves until the cumulative amount reaches 50% of registered capital, which cannot be distributed as cash dividends[292] - The company relies on dividends from its PRC subsidiaries for working capital and cash needs, but PRC regulations restrict the ability to transfer net assets as dividends[290] - No dividends, distributions, or transfers have been made between Global Mofy Cayman and its subsidiaries as of the report date[294] - The Holding Foreign Companies Accountable Act (HFCAA) may restrict the company's ability to complete business combinations with certain companies, particularly those with substantial operations in China[295] - The SEC adopted interim final rules on March 24, 2021, requiring identified issuers to comply with disclosure and documentation requirements under the HFCAA, with the trading prohibition period reduced from three to two consecutive years[296] - The PCAOB announced on December 15, 2022, that it secured complete access to inspect and investigate PCAOB-registered public accounting firms in mainland China and Hong Kong, vacating its 2021 determinations[298] - The company's auditor, Marcum Asia CPAs LLP, is headquartered in New York and has been regularly inspected by the PCAOB, with the last inspection in 2020[299] - The company's PRC subsidiaries hold business licenses allowing operations in Beijing, Shanghai, and Xinjiang, with terms ranging from 2021 to 2051[303][304] - The company's Xi'an subsidiary holds a business license allowing 3D scanning technology research, software development, and import/export operations in Shanxi Province[306] - The company's Beijing subsidiary holds a business license allowing technology services, transfer, and development until 2038[307] - The Draft Overseas Listing Regulations require the company to complete filing procedures with the CSRC for its Nasdaq listing[310] - The company is not required to apply for a cybersecurity review under the Measures for Cybersecurity Review (2021) as it does not control over one million users' personal information[311] - The company is not currently subject to cybersecurity review or merger control review in China due to its revenue levels and data processing scope[319] - The company faces regulatory risks in China, including potential fines, operational restrictions, and delays in repatriating offering proceeds[318] - The company must file with the CSRC within three business days after completing its overseas offering, as per the Trial Measures effective March 31, 2023[315] - The Advertising Law of the People's Republic of China was revised on April 24, 2015, and implemented on September 1, 2015, to regulate advertising activities and protect consumer rights[370] - Virtual currencies like Bitcoin are defined as "special virtual commodities" in China and are protected under Article 127 of the Civil Code[371][374] - The Data Security Law of China, effective from September 1, 2021, establishes comprehensive regulations for data security and governance[376] - The Foreign Investment Law, effective from January 1, 2020, replaces previous laws and introduces a negative list system for foreign investment management[377][379] - The Negative List (Edition 2021) classifies industries into "encouraged," "restricted," and "prohibited" categories for foreign investment[385] - The PRC Company Law governs the establishment and operation of corporate entities, including foreign-invested companies[388] - The metaverse industry, including virtual content production and digital marketing, falls under the "encouraged" or "permitted" category in China[387] - The Civil Code of China distinguishes personal information as a separate personality right and provides legal protection for data and virtual properties[376] - The Foreign Investment Law prohibits foreign investment in industries listed on the negative list and requires compliance with specific requirements for restricted industries[379][381] - The M&A Rules require PRC companies or individuals to obtain MOFCOM approval for acquiring equity interests or assets of PRC domestic companies[389] - The Draft Overseas Listing Regulations mandate PRC domestic enterprises to complete CSRC filing procedures for overseas securities issuance and listing[390] - The Trial Measures, effective March 31, 2023, require PRC domestic companies to file with CSRC for both direct and indirect overseas securities offerings[393] - Existing enterprises listed overseas before March 31, 2023, are exempt from immediate CSRC filing but must comply for refinancings and other matters[394] - Overseas-listed companies must file with CSRC within three business days after completing follow-on offerings or equivalent activities[395] - Non-compliance with CSRC filing requirements may result in fines ranging from RMB 1.0 million to RMB 10.0 million[393] - PRC patents are protected for 10 years (utility models and designs) or 20 years (inventions) from the application date[398] - Copyrighted software in PRC is protected for 50 years from the date of first publishing[398] - Registered trademarks in PRC are valid for 10 years and can be renewed for another 10 years[399] - Non-resident enterprises may be subject to a 10% withholding tax on PRC-sourced income, reduced to 5% for Hong Kong enterprises under specific conditions[400] - One of the company's beneficial owners, Zhenquan Ren, a PRC resident, has not completed the Circular 37 Registration, which may result in restrictions on foreign exchange activities and potential penalties[407] Intellectual Property and Assets - Global Mofy China has 3 registered trademarks, 1 registered domain name, and 44 registered copyrights, while Xi'an Mofy has 5 registered copyrights[419] - The company plans to register its 3D digital assets using part of the IPO proceeds, as these assets are currently not registered under any PRC or international intellectual property laws[420] - The company's registered trademarks include "Mo Fei Shi Xiao" (Class 40), "Mo Fei Ying Ye" (Class 41), and "Huan Qiu Mo Fei" (Class 41)[422] - The company's copyrights include works such as "Wu Gen Zhi Guo," "Ba Luo Tu," and "Cai Hong Shou," registered under Global Mofy (Beijing) Technology Co., Limited[423] - Global Mofy owns 30 software copyrights, including AI visual effect platforms and 3D rendering tools, registered between 2019 and 2022[425][426] - The company's digital asset bank contains over 30,000 high-precision 3D assets with 4K (4096*2160) resolution[441] - The company's software portfolio includes tools for batch rendering, polygon conversion, and AI-driven cloud platforms[425][426] Financial Transactions and Offerings - The company issued 1,379,313 ordinary shares and warrants for $10 million in a follow-on offering on December 29, 2023[450] - The company closed its IPO on October 12, 2023, issuing 1,200,000 ordinary shares at $5.00 per share, raising $6 million[451] - The company entered into a share purchase agreement on February 10, 2023, issuing 1,926,155 ordinary shares for $9.4 million[453] Research and Development - Research and development expenses were $0.5 million and $3.21 million for the fiscal years ended September 30, 2023, and 2022, respectively[361] - The company has 17 full-time R&D personnel, with 8 focused on the core technology platform, Mofy Lab[361] Operational Risks and Challenges - Global Mofy China excluded radio and television program production and film projection services from its business scope in June 2022, leading to the cancellation of the related business license[286] - In 2020, 3,813 data leakage incidents occurred globally, involving 4.1 billion data entries, a 54% increase compared to the previous year[376] - The company's principal executive office is located in Beijing, China, with a registered office in the Cayman Islands[321] - The company's operating office in Beijing covers an area of 1962.14 square meters, leased for RMB 266,360 per month (approximately US$36,675)[418]