CMGE Is Well Positioned To Capitalize on Mobile Games Developed From Licensed IPs

CMGE is one of the earliest Chinese game companies focusing on intellectual property, being the first to bring Disney and Toei IPs into China. According to Analysis, as of the end of 2020, CMGE was the Chinese gaming company that has the most mobile IP games. We think that games with well-known IPs should attract some players, at least at the initial launch, because these titles already have their own loyal fan following whether they are based on films, TVs, or novels.