Product Development and Launch - The company plans to launch several new products, including "Zhetian World," "All-Star Awakening," and "Ultraman: Warrior of Light," with specific release dates to be announced by Tencent [1][4] - "One Piece: Gathering" is also set to be released, with the launch date dependent on the publisher [3] Financial Performance and Goals - As of the 2025 mid-year report, the company has generated a total revenue of 181.61 million from its fundraising projects, with no losses recorded from projects that failed to launch [5] - The company aims for a revenue growth rate of no less than 20% based on 2024 figures, with a target gross profit of at least 10 million for 2025 [7] Market Expansion - The overseas market has become a significant revenue source, with successful products in regions such as Japan, South Korea, and Southeast Asia [6] - The company’s mission is to maintain its position as a leading interactive entertainment platform, while its vision focuses on creating a trusted brand and limitless interactive experiences [2] Stock and Corporate Governance - The company is addressing stock price volatility through improved management and strategic initiatives, aiming for a better understanding of its value in the capital market [7] - The CEO's acquisition of company shares is progressing normally, funded by personal or self-raised capital, pending compliance review by the Shenzhen Stock Exchange [10] Asset Management - The company has a goodwill of 1.391 billion, which will be tested for impairment as per regulatory requirements [9] - The sale of investment properties is aimed at optimizing the asset structure without altering the main business focus [1]

Group 1 - The core viewpoint of the articles is that 盛良物流 (08292.HK) has launched its flagship interactive entertainment venue, VSING Central, in Hong Kong, aiming to revitalize the local nightlife and live performance culture [1][2] - VSING Central features Hong Kong's first four-sided immersive stage with real-time dynamic visual effects, providing a 360° "surround visual" experience that enhances traditional nightlife entertainment [1] - The venue is designed to host various events, including small concerts, live performances, private shows, and national competitions, offering emerging talents a professional platform to perform [1] Group 2 - VSING aims to attract young audiences through expansion and innovation, integrating modern interactive communication technology and live streaming culture into its core experience [2] - Currently, VSING operates in 12 regions and 37 cities globally, with plans to open at least 10 new stores each month, targeting 100 locations and 500,000 users by the end of the year [2] - The successful opening of VSING Central marks a significant step towards establishing a strong market position in Hong Kong's rapidly growing interactive entertainment sector [2]

Group 1 - The core viewpoint of the articles highlights the launch of VSING Central, a flagship store in Hong Kong, aimed at revitalizing the local nightlife and live performance culture while showcasing VSING's innovative developments [1][2] - VSING Central features Hong Kong's first four-sided immersive stage, equipped with LED screens on the ceiling, floor, and walls, creating a 360° visual experience that enhances traditional nightlife entertainment [1] - The venue is designed to host various events, including small concerts, live performances, private shows, and national competitions, providing a professional platform for emerging talents [1] Group 2 - VSING aims to attract younger audiences through expansion and innovation, integrating modern interactive communication technology and live streaming culture into the traditional karaoke experience [2] - Currently, VSING operates in 12 regions and 37 cities globally, with plans to open at least 10 new stores each month, targeting 100 locations and 500,000 users by the end of the year [2] - The successful opening of VSING Central marks a significant step towards establishing a strong competitive position in Hong Kong's rapidly growing interactive entertainment market [2]

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佈之內容概不 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 會 就 本 公 佈 之 全 部 或 任 何 部 分 內 容 而 產 生 或 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 WORLDGATE GLOBAL LOGISTICS LTD 盛良物流有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8292） 自願性公佈 業務最新情況 本 公 佈 是 由 盛 良 物 流 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）自 願 作 出，以 向 股 東 及 有 意 投 資 者 提 供 有 關 本 集 團 業 務 的 最 新 發 展 情 況。 本 公 司 股 東 及 有 意 投 資 者 於 買 賣 本 公 司 股 份 時 務 請 審 慎 行 事。 承董事會命 盛良物流有限公司 主 席 本 公 司 董 事 會（「董事會」）欣 然 宣 佈，本 集 團 的 互 動 娛 樂 業 務「VSING」已 於 二 零 二 五 年 八 月 二 十 日 在 ...

Core Insights - The company reported a revenue of 1.01 billion yuan for the first half of 2025, representing a year-on-year growth of 25.09% and a net profit of 162 million yuan, up 69.22% year-on-year [1] - The company is deeply engaged in the esports and interactive entertainment sectors while actively exploring emerging fields such as computing power and artificial intelligence [1] - The company’s core products cover over 70% of the national esports service industry and reach over 96% of cities in China, maintaining strong partnerships with over 2,000 collaborators [1] Financial Performance - The company’s network advertising and value-added services generated 800 million yuan in revenue, a year-on-year increase of 30.99% [1] - The gaming business achieved a revenue of 208 million yuan, reflecting a year-on-year growth of 7.37% [1] Technological Advancements - The company is leading the rapid growth trend in edge computing by integrating various edge computing resources, providing high-cost performance computing services [1] - The company developed the AI computing platform "Shunwang Zhican," which supports comprehensive scheduling and model inference deployment based on edge and AI computing [2] - The company’s subsidiary, Floating Cloud Technology, has successfully implemented multiple projects in key sectors such as judiciary, taxation, and government services, achieving deep integration of AI with industry scenarios [2] Product Development - The company launched the "Shunwang X Manager Professional Edition," a one-stop digital management solution aimed at enhancing revenue and efficiency in the esports service industry [3] - The company is creating a differentiated interactive entertainment service matrix targeting various user groups and deepening collaborations with leading IPs in the gaming and animation industries [3] - The subsidiary Floating Cloud Technology has diversified its product offerings, with games like "Finger Battle Song" and "Floating Island Era" receiving domestic game licenses and progressing towards launch [3]

Core Viewpoint - Shengliang Logistics (盛良物流) is expanding its interactive entertainment business "VSING" into the Japanese market, with the first flagship store set to open in Shibuya, Tokyo on August 8, 2025, marking a long-term strategic expansion plan in Japan [3][4]. Group 1: Market Entry and Strategic Partnerships - The entry into Japan involves a strategic alliance with Dynamo Amusement Inc. and Shin Corporation Co., Ltd., both subsidiaries of the leading Japanese entertainment company GENDA Inc., which operates around 800 game centers and 14,000 small entertainment venues globally [3][4]. - The VSING system transforms traditional karaoke venues into interactive entertainment spaces, allowing customers to perform on a professional stage while engaging with the audience through a dedicated mobile app [3][4]. Group 2: Technological Integration and User Experience - VSING's system integrates with Japan's leading karaoke system JOYSOUND, offering over 360,000 licensed songs in Japanese and other languages, ensuring a high-quality user experience [4]. - The collaboration aims to innovate the traditional karaoke experience by combining modern interactive communication technology and live streaming culture, creating a new nightlife entertainment ecosystem across Japan [4][6]. Group 3: Future Expansion Plans - Following the successful opening of the Shibuya flagship store, VSING plans to expand its network of interactive entertainment venues to other major cities in Japan [6].

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佈之內容概不 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 會 就 本 公 佈 之 全 部 或 任 何 部 分 內 容 而 產 生 或 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 WORLDGATE GLOBAL LOGISTICS LTD 盛良物流有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8292） 自願性公佈 業務最新情況 VSING的系統結合在日本市場領先的卡拉OK系 統JOYSOUND，提 供 含 有 超 過 360,000首 日 語 及 其 他 語 言 歌 曲 的 全 面 授 權、專 業 級 別 曲 目，確 保 用 戶 享 受 親 切 而 更 高 層 次 的 體 驗，使VSING的 電 子 業 態 符 合 日 本 用 戶 的 期 望。 – 1 – 該合作項目為VSING的 國 際 擴 張 計 劃 立 下 重 要 里 程 碑，展 示 本 公 司 與 日 本 發 展 成 熟 的 娛 樂 行 業 內 知 名 業 者 合 作 的 決 心，務 求 ...

Group 1 - The stock price of Sanqi Interactive Entertainment is 17.18 yuan, up 1.72% from the previous trading day, with a trading volume of 855,023 hands and a transaction amount of 1.474 billion yuan [1] - Sanqi Interactive Entertainment operates in the gaming industry, focusing on interactive entertainment, including mobile and web game development, publishing, and operations, while also expanding into film, animation, music, and VR/AR [1] - The company has disclosed that it has over 20 key game products in reserve, covering various genres such as MMORPG, SLG, card games, and simulation management, including titles like "Time Grocery Store," "Time Big Bang," and "Heroes Have No Flash" [1] Group 2 - The company has cumulatively distributed cash dividends of 5.778 billion yuan over the past three fiscal years and has repurchased shares totaling over 700 million yuan in the last three buybacks [1] - In January 2025, the company completed the cancellation of approximately 100 million yuan worth of repurchased shares [1] - The company's 2025 semi-annual report is expected to be disclosed on August 26 [1]

Financial Data and Key Metrics Changes - The company reported net bookings of $1.3 billion, up 3% year-over-year, exceeding the high end of guidance [19] - Full game net bookings were $214 million, up 27%, driven by ongoing momentum from Split Fiction and a resurgence in Star Wars Battlefront II [20] - Live services net bookings were $1.08 billion, down 1%, with growth in the low single digits when excluding Apex Legends [20][24] Business Line Data and Key Metrics Changes - The EA Sports business showed strong performance, with net bookings in global football growing mid-single digits year-over-year [21] - FC Mobile outperformed expectations with over 50 million installs and significant daily active user growth [9] - Apex Legends delivered flat sequential net bookings, with improved engagement trends particularly among new and casual players [23] Market Data and Key Metrics Changes - The company is seeing deeper engagement in its core franchises, particularly in global football and American football ecosystems [12][17] - The integration of real-world sports content into games, such as Apple's MLS season pass into FC Mobile, is enhancing player engagement [9] Company Strategy and Development Direction - The company is entering an exciting release cycle, with major titles like Battlefield 6 and continued innovation in EA Sports franchises [8][29] - A community-centric approach is being emphasized, focusing on deeper engagement and value for players over time [26][30] - The strategy includes building massive online communities and expanding the reach of franchises across geographies and platforms [17][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver against FY 2026 outlook, supported by strong momentum and a compelling slate of upcoming launches [19][29] - The company is encouraged by strong retention and positive player sentiment, particularly for upcoming titles [27][29] Other Important Information - The company returned $423 million to shareholders through buybacks and dividends during the quarter [24] - The upcoming launches are expected to deepen player engagement and expand the audience [29] Q&A Session Summary Question: Thoughts on full game pricing - Management stated no changes in pricing strategy are planned, maintaining a broad pricing scheme across products [36][37] Question: Life Services growth excluding Apex - Live services growth outside of Apex was reported as low single digits, with expectations for continued momentum [42] Question: Cohort spending and Ultimate Team - Strong pickup in cohort spending was noted, with ongoing focus on enhancing player engagement through various modes [46] Question: Competitive setup between Battlefield and Call of Duty - Management feels confident about Battlefield's competitive position and has invested significantly in its marketing [65] Question: Consumer receptivity to bundling Madden and NCAA - The dual purchase strategy has been successful, and management expects continued positive reception [75] Question: Mobile opportunity post-App Store changes - The company aims to create frictionless experiences for players while exploring new monetization opportunities [90][92]

Financial Data and Key Metrics Changes - The company reported net bookings of $1.3 billion, up 3% year-over-year, exceeding the high end of guidance [19] - Full game net bookings were $214 million, up 27%, driven by ongoing momentum from Split Fiction and a resurgence in Star Wars Battlefront II [20] - Live services net bookings were $1.08 billion, down 1%, but excluding Apex Legends, live services grew in the low single digits [20][21] - Net revenue was $1.67 billion, up 1%, with a gross margin of 83.3%, down 90 basis points [23] - Operating expenses increased by 9% to $1.12 billion, primarily due to increased personnel costs [23] Business Line Data and Key Metrics Changes - The EA Sports business showed strong performance, particularly in global football, with net bookings growing mid-single digits year-over-year [21] - FC Mobile outperformed expectations with over 50 million installs and significant daily active user growth [8] - Apex Legends maintained flat net bookings sequentially, driven by strong operational execution and content innovation [22] - The American football ecosystem demonstrated strength with sustained engagement across Madden NFL and college football, with College Football '26 receiving strong reviews [11][12] Market Data and Key Metrics Changes - The company is seeing deeper engagement in its core franchises, particularly in global football and American football, with a focus on community-centric strategies [9][10] - The integration of real-world sports content into games, such as the partnership with Apple for FC Mobile, is enhancing player engagement [8][10] Company Strategy and Development Direction - The company is entering an exciting release cycle, with anticipated launches for Battlefield 6, Madden NFL 26, and FC 26, aiming to deepen player engagement and expand audiences [7][29] - The strategy focuses on building massive online communities and enhancing player experiences through innovative gameplay and community-driven content [17][30] - The company is committed to a community-centric approach, aiming to deliver long-term value for players and adapt to their feedback [9][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver against FY 2026 outlook, citing strong momentum and a compelling slate of upcoming launches [19][29] - The company anticipates a challenging comparison for College Football '26 due to last year's strong launch but remains optimistic about retention and player sentiment [26][27] - Management highlighted the importance of competition in driving innovation and improving offerings across franchises [68] Other Important Information - The company returned $423 million to shareholders through buybacks and dividends during the quarter [23] - The upcoming Battlefield 6 reveal is expected to generate significant excitement and engagement from the community [15][56] Q&A Session Summary Question: Thoughts on full game pricing strategy - Management indicated no immediate changes to pricing strategy, emphasizing a broad pricing scheme to capture the full spectrum of player value [36][37] Question: Life Services growth excluding Apex - Life Services growth outside of Apex was reported as low single digits, with expectations for continued momentum [41][43] Question: Marketing strategy for Battlefield - The company is investing heavily in marketing Battlefield 6, aiming to build it as a platform rather than just a product [56][57] Question: Competitive landscape between Battlefield and Call of Duty - Management feels confident about Battlefield's competitive positioning and the expectations of fans [63][66] Question: Consumer receptivity to bundling Madden and NCAA - The dual purchase strategy for Madden and NCAA is expected to continue being well received, with a vision for deeper connections between the two experiences [72][74] Question: Mobile opportunity post-App Store changes - The company is focused on creating frictionless experiences for players on mobile platforms, adapting to new economic opportunities [88][90]