Group 1 - The core viewpoint of the news is that Ganwan (09890) has secured exclusive operational rights for the game "Tianlong Babu 2: Feilong Zhantian" and acquired a 35% stake in the game developer Shanghai Yuelong [1][2] - Ganwan has paid RMB 15 million to acquire the 35% equity stake in Shanghai Yuelong, and has also signed an agreement to obtain exclusive operational rights for the App version of the game [1] - The company has further signed an exclusive agency cooperation agreement and a network game cooperation agreement with Shanghai Yuelong to gain exclusive agency rights for the H5 version of the game, which is a mini-program version [1][2] Group 2 - The strategic investment in Shanghai Yuelong allows the company to extend its operations from the distribution end to the upstream development end, enhancing its ability to supply stable premium IP products [3] - The acquisition of exclusive operational rights for both the App and mini-program versions of "Tianlong Babu 2: Feilong Zhantian" is a significant step in the company's strategy to build a "Jin Yong martial arts IP game matrix" by 2025 [2] - The company has successfully operated and reserved other Jin Yong martial arts IP games, including "Tianlong Babu 2: Feilong Zhantian," "Xiao Ao Jiang Hu," and "She Diao San Bu Qu" [2]

Group 1 - The company Jiangxi Ganwan Information Technology Co., Ltd. has signed a share transfer agreement with Shanghai Yuelong Zhiyu Culture Technology Co., Ltd. and a subsidiary of Perfect World, acquiring 35% equity in Shanghai Yuelong for a payment of RMB 15 million [1] - Jiangxi Ganwan has obtained exclusive operational rights for the game "Tianlong Babu 2: Feilong Zhantian" App version, previously held by Perfect World, through a game operation rights transfer agreement [1] - The company has also signed an exclusive agency cooperation agreement and a network game cooperation agreement with Shanghai Yuelong for the H5 version of the authorized game, securing exclusive agency rights for this version [1] Group 2 - Shanghai Yuelong is a leading game developer in China, legally established and focused on high-quality multiplayer online game development, with rights to adapt and operate games based on Jin Yong's novel "Tianlong Babu" [2] - The acquisition of exclusive operational rights for both the App and mini-program versions of "Tianlong Babu 2: Feilong Zhantian" is a significant step in the company's strategy to build a "Jin Yong martial arts IP game matrix" by 2025 [2] - The strategic investment in Shanghai Yuelong allows the company to extend its operations from the distribution end to the upstream development end, enhancing its ability to supply high-quality IP products and supporting the long-term operation of IP value [2]