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: Zhu Jun (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
American Depositary Shares	571347	Direct
American Depositary Shares	3040	Indirect
Class A Ordinary Shares	270000100	Direct
Class A Ordinary Shares (Restricted)	365000000	Direct
Class A Ordinary Shares (Restricted)	54000000	Direct
Class B Ordinary Shares	57500000	Direct
Class B Ordinary Shares	6107334	Indirect

Footnotes

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

F2: These American Depositary Shares are held in the name of Incsight Limited, which is a company registered in the British Virgin Islands and wholly-owned by the reporting person.

F3: These Class A Ordinary Shares represent vested Restricted Shares held by the reporting person in the form of Class A Ordinary Shares without transfer restrictions. Among these Class A Ordinary Shares, 5,000,100 were granted on September 7, 2023, 100,000,000 were granted on March 10, 2025, and 165,000,000 were granted on September 18, 2025, each in the form of Restricted Shares at the granting

F4: 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, 200,000,000 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; 165,000,000 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% would vest on the second anniversary of the grant.

F5: 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.

F6: Each Class B Ordinary Share is convertible into one Class A Ordinary Share of the Issuer at any time at the option of the reporting person.