Core Insights - Gravity Co., Ltd. has officially launched its 3D mobile MMORPG, Ragnarok: Rebirth, in China on December 25, 2025, marking a significant expansion into one of the largest gaming markets globally [1] - The game retains the classic identity of Ragnarok Online while introducing enhanced features such as 3D graphics, a screen conversion system, and an integrated exchange system [1] Regulatory Approval - The game received its ISBN code from Chinese authorities in December 2024, which allowed it to clear regulatory approval prior to its launch [2] Market Performance - Ragnarok: Rebirth is published in China by Guangzhou Lingxi Interactive Entertainment Limited and is available for download on the Apple App Store and TapTap [3] - Following its launch in 2024, the game performed strongly across Southeast Asia, Taiwan, Hong Kong, and Macau [3] - The title achieved first place in free downloads on the Apple App Store in Thailand, the Philippines, Indonesia, and Malaysia, and ranked second in free downloads on Google Play in Thailand [4] - It also secured second place in top-grossing rankings on the Apple App Store in Macau and fifth on Google Play in Macau [4] Company Overview - Gravity develops and publishes online and mobile games, with its flagship title, Ragnarok Online, commercially available in 91 regions, including Japan and Taiwan [4] Stock Performance - At the time of publication, GRVY shares were up 0.09% at $57.00 [5]

Core Viewpoint - Gravity Co., Ltd. has officially launched its mobile game "Ragnarok: Rebirth" in China on December 25, 2025, following its successful release in other regions [1][2]. Group 1: Game Launch and Features - "Ragnarok: Rebirth" is a 3D MMORPG that retains the classic elements of Ragnarok Online while introducing new graphics and an integrated exchange system [2]. - The game received an ISBN code from the Chinese government in December 2024, indicating regulatory approval prior to its launch [2]. Group 2: Market Performance - Following its launch in Southeast Asia, Taiwan, Hong Kong, and Macau in 2024, "Ragnarok: Rebirth" achieved significant popularity, ranking first in free downloads on the Apple App Store in Thailand, Philippines, Indonesia, and Malaysia [3]. - The game also ranked second in free downloads on Google Play in Thailand and was second in top grossing on the Apple App Store and fifth on Google Play in Macau [3]. Group 3: Company Communication - Gravity expressed gratitude to users for their patience leading up to the launch and announced various events to celebrate the official release of "Ragnarok: Rebirth" [4].