The9 LTD — Director's Dealing 2026

Mar 17, 2026

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: The9 LTD (NCTY)
CIK: 0001296774
Period of Report: 2026-03-17

Reporting Person: Lai Kwok Ho (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
American Depositary Shares	306701	Direct
Class A Ordinary Shares	14500100	Direct
Class A Ordinary Shares (Restricted)	116500000	Direct
Class A Ordinary Shares (Restricted)	10500000	Direct

Footnotes

F1: Each American Depositary Share represents 300 Class A Ordinary Shares.

F2: These Class A Ordinary Shares represent the vested Restricted Shares held by the reporting person in the form of Class A Ordinary Shares without transfer restrictions. These Class A Ordinary Shares were granted on March 10, 2025 in the form of Restricted Shares.

F3: These Class A Ordinary Shares represent the unvested Restricted Shares held in the form of Class A Ordinary Shares by the reporting person. Among these Class A Ordinary Shares, 58,000,000 were granted on March 10, 2025 in the form of Restricted Shares and would vest each month in 1/36th of the total granted amount; 58,500,000 were granted on September 18, 2025 in the form of Restricted Shares, among which 50% would vest on the first anniversary of the grant, and another 50% will vest on the second anniversary of the grant.

F4: These Class A Ordinary Shares represent the unvested Restricted Shares held in the form of Class A Ordinary Shares by the reporting person. These Class A Ordinary Shares were granted on September 7, 2023, and would vest and be released from lock-up each month in 1/12th of the total amount during the third year, only if the closing trading price of the Issuer's American Depositary Shares reaches US$20 or higher on any trading day after the date of the grant.