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REAL-TIME GLOBAL RESEARCH

China Internet: July 2026 Games Approval Batch:193/4 Domestic/Imported; NTES Got One

Published: 2026-07-23Institution: CitiCompany / ticker: 0700.HK,NTES,0799.HK,BILI,3888.HK,2400.HK,002602.SZ,002558.SZ,002555.SZ,002624.SZ,600373.SS,002517.SZ,300315.SZ,002174.SZ,603444.SS,HUYA,036570.KSPages: 12Original language: EnglishEvidence page: 11

Research evidence excerpt

China Internet: July 2026 Games Approval Batch:193/4 Domestic/Imported; NTES Got One

Product is made available in United States and Canada by Citigroup Global Markets Inc., which is a member of FINRA and

registered with the US Securities and Exchange Commission. 388 Greenwich Street, New York, NY 10013.

Unless specified to the contrary, within EU Member States, the Product is made available by Citigroup Global Markets Europe

AG ("CGME"), which is regulated by the European Central Bank and the German Federal Financial Supervisory Authority

(Bundesanstalt für Finanzdienstleistungsaufsicht-BaFin).

The Product is not to be construed as providing investment services in any jurisdiction where the provision of such services

would not be permitted.

Subject to the nature and contents of the Product, the investments described therein are subject to fluctuations in price

and/or value and investors may get back less than originally invested. Certain high-volatility investments can be subject to

sudden and large falls in value that could equal or exceed the amount invested.The yield and average life of CMOs

(collateralized mortgage obligations) referenced in this Product will fluctuate depending on the actual rate at which mortgage

holders prepay the mortgages underlying the CMO and changes in current interest rates. Any government agency backing of

the CMO applies only to the face value of the CMO and not to any premium paid. Certain investments contained in the Product

may have tax implications for private customers whereby levels and basis of taxation may be subject to change. If in doubt,

investors should seek advice from a tax adviser. The Product does not purport to identify the nature of the specific market or

other risks associated with a particular transaction.

The English excerpt is extracted automatically from the cited source page and may contain layout or recognition errors. It is never batch translated.

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