(Hong Kong, 12 December 2019) – XD Inc. (“XD” or the “Group”), a top five PRC game operator who earns most of its revenue from overseas[1], commenced trading of shares on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEX”) today, under the stock code 2400.
Mr. HUANG Yimeng, Executive Director, Chairman of Board of Directors and Chief Executive Officer of XD, said, “Since its inception, XD has stayed true to its original aspiration of ‘impacting each and every gamer by promoting the spirit of craftsmanship’ in developing and introducing quality games to the world, and establishing TapTap[2], the largest game community and platform in the PRC. Listing on the Main Board of HKEX presents us with a good opportunity, giving us a strong drive to grow our business and engagement. Looking ahead, we will keep strengthening our game portfolio, increase the active user base and engagement of TapTap, enhance overseas operation, upgrade our information infrastructure facilities and technologies, and also look for strategic investment and acquisitions. It is our hope that the Group can, with excellence results in the future, reward shareholders and investors for their strong support and trust.”
XD has maintained high growth. Between 2016 and 2018, its revenue and profit increased at a CAGR of 57.0% and 288.5% to RMB1,887.1 million and RMB352.7 million respectively. XD also operates TapTap2, the leading game community and platform in China, which together with its online games, has presented it with strong synergies. The Group’s games were offered in more than 100 countries and regions across the globe. In the five months ended 31 May 2019, overseas market accounted for 67.8% of its total revenue from game operation. The Group has a diverse portfolio of games of different genres. As at 30 September 2019, the Group operated 42 online games and 12 premium games. Its game pipeline included 11 online games and seven premium games expected to be released by 2020.
Photo caption
Mr. Huang Yimeng, Executive Director and Chairman of the Board and Chief Executive Officer of XD (Left), and Mr. Dai Yunjie, Executive Director and President of XD (Right) strike the gong at the listing ceremony to mark the official listing of XD shares on the Main Board of HKEX.
Mr. Huang Yimeng, Executive Director and Chairman of the Board and Chief Executive Officer of XD, presents an illustration as a souvenir to the HKEX. The artwork, consisting of characters of the Group’s games and also landmarks of Hong Kong, displays the Group’s creativity and strong game publishing and operating capabilities.
Officiating guests from the Group and HKEX representatives together celebrate the listing of the Group.
(From left to right)
| 1 | Managing Director of Listing Department, HKEX | Ms. Lin Shi |
| 2 | Chief Financial Officer of XD Inc. | Mr. Gong Rui |
| 3 | Head of Legal Department for Investment,Bytedance (HK) Limited | Mr. Li Rui |
| 4 | Managing Director of China Merchants Fund Management Co., Ltd. | Mr. Zhang Jun |
| 5 | General Manager of Hyperz | Mr. Zhao Yuyao |
| 6 | Executive Director and Joint Company Secretary of XD Inc. | Mr. Fan Shuyang |
| 7 | Head of Corporate Finance and Capital Markets,CLSA Capital Markets Limited | Mr. Richard Taylor |
| 8 | CEO of Global IBD, CLSA Capital Markets Limited | Mr. Frank Yu |
| 9 | Executive Director, Chairman of the Board and Chief Executive Officer of XD Inc. | Mr. Huang Yimeng |
| 10 | Listing Committee Member, HKEX | Mr. David Lau |
| 11 | Executive Director and President of XD Inc. | Mr. Dai Yunjie |
| 12 | Partner of X.D. Global Limited and TapTap | Mr. Huang Xiwei |
| 13 | Executive Director and Chief Technology Officer of XD Inc. | Mr. Shen Sheng |
| 14 | Partner of TapTap | Mr. Zhang Qian |
| 15 | Senior General Manager of NetEast Games | Mr. Zhu Yuan |
| 16 | Executive Director and General Manager of Xiamen Jixiang Equity Investment Company Limited | Mr. Xu Chao |
| 17 | Founder of miHoYo Limited | Mr. Liu Wei |
| 18 | Vice General Manager of Dongfang Xinghui (Shanghai) Investment Center | Ms. Li Di |
| 19 | Head of Events Management, HKEX | Ms. Bonnie Chan |
— End —
About XD Inc. (心动有限公司)
XD Inc. is a top five PRC game operator who earns a majority of game operating revenue overseas[3]. The Group also operates TapTap, the largest game community and platform in China[4]. As at 30 September 2019, the Group operates 42 online games including MMORPG (Ragnarok M (仙境傳說：守護永恆的愛) and Shen Xian Dao (HD) (神仙道高清重製版)), CCG (Girls’ Frontline (少女前線)), SLG (Heng Sao Qian Jun (橫掃千軍)) and battle arena game (Sausage Man (香腸派對)), with an average MAUs of its online games at 19.2 million for the nine months ended 30 September 2019; and 12 premium games, such as ICEY (艾希) and Muse Dash (喵斯快跑). With established overseas game publishing and operating capabilities, the Group ranked first among all PRC game operators in the mobile game market of South Korea in 2018[5].
Investor Relations Website: https://ir.xd.com
Media Enquiries:
Strategic Financial Relations Limited
Heidi So
Tel: (852) 2864 4826
Email: heidi.so@sprg.com.hk
Angelus Lau
Tel: (852) 2864 4805
Email: angelus.lau@sprg.com.hk
Elaine Wang
Tel: (852) 2114 2821
Email: elaine.wang@sprg.com.hk
Website: http://www.sprg.com.hk
[1] According to Frost & Sullivan, in terms of revenue from mobile games in 2018
[2] According to Frost & Sullivan, in terms of average MAUs in 2018
[3] According to Frost & Sullivan, in terms of revenue from mobile games in 2018
[4] According to Frost & Sullivan, in terms of average MAUs in 2018
[5] According to Frost & Sullivan, in terms of gross billings in 2018
