Kaiying Network announced on the evening of September 12 that the company plans to take an indirect stake in the Korean company Warming. Entertainment Virtue is a game company listed on the Korea Exchange KOSDAQ. It is a first-generation online game R&D company in Korea, and the original owner of the “Legend” IP with great influence. After the transaction is completed, the company will indirectly hold 49% of the 40.25% control of Entertainment Virtue, and Entertainment Virtue will become the company's indirect shareholding in overseas listed companies. For this transaction, the company's overall estimated investment is 298 million US dollars. As the original rights holder of the “Legend” series IP, Entertainment Virtue's core IP assets are highly scarce and have long-term commercial value. The company has long participated in the commercial cooperation of “Legend” IP in China. This transaction will help the two sides form a more stable long-term cooperation mechanism and further deepen cooperation between the two sides in commercializing “Legend” IP, releasing new game products, and operating in the Chinese market.

Kaiying Network announced on the evening of September 12 that the company plans to take an indirect stake in the Korean company Warming. Entertainment Virtue is a game company listed on the Korea Exchange KOSDAQ. It is a first-generation online game R&D company in Korea, and the original owner of the “Legend” IP with great influence. After the transaction is completed, the company will indirectly hold 49% of the 40.25% control of Entertainment Virtue, and Entertainment Virtue will become the company's indirect shareholding in overseas listed companies. For this transaction, the company's overall estimated investment is 298 million US dollars. As the original rights holder of the “Legend” series IP, Entertainment Virtue's core IP assets are highly scarce and have long-term commercial value. The company has long participated in the commercial cooperation of “Legend” IP in China. This transaction will help the two sides form a more stable long-term cooperation mechanism and further deepen cooperation between the two sides in commercializing “Legend” IP, releasing new game products, and operating in the Chinese market.