(Hong Kong, 20 July 2020) – XD Inc (“XD” or the “Group” ;Stock Code: 2400), a top five PRC game operator who earns a majority of game operating revenue overseas, announced today that it has been included as one of the constituent stocks of the Hang Seng TECH Index, which will be launched on 27 July 2020.
The index universe covers Hong Kong-listed companies that have high business exposure to selected technology themes, including internet, fintech, cloud, e-commerce and digital activities. Eligible candidates are further screened by whether they operate via a technology-enabled platform, their research and development expenses to revenue ratio, and their revenue growth. After this screening, the top 30 stocks in terms of market capitalisation will be selected as index constituents. Hang Seng Indexes Company launched the index to reflect the performance of sizeable companies in this sector, and to facilitate the development of various index-linked products, including funds and derivatives. It believes that this new index could join the Hang Seng Index and the Hang Seng China Enterprises Index to become one of the flagship indexes.
Mr. Huang Yimeng, Chairman and Chief Executive Officer of XD, said, “XD is proud to be included in the Hang Seng TECH Index. In addition to XD, a number of mobile game concept shares have also entered the Index, accounting for close to 12% of the constituent. This shows that the Hong Kong capital market is optimistic about the prospects for the mobile game industry and is giving it greater attention. XD will maintain its principal strategy to direct greater focus on raising the Company’s R&D capabilities rather than income, as well as increasing the number of users rather than profits. XD cares about the Company’s long-term value as opposed to short-term share price, hence all decisions made will be towards achieving the former. The Company is also committed to delivering information in a transparent manner and which fulfil its responsibility to investors.”
About XD Inc. (心动有限公司)
XD Inc. (2400.HK) is a top five PRC game operator who earns a majority of game operating revenue overseas. The Group also operates TapTap, the largest game community and platform in China. As of 31 December 2019, the Group operates 38 online games including RPG (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 19.6 million as of 31 December 2019; and 11 pay-to-play 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.