Company Overview

　　Changyou is a leading developer and operator of online games in China, with a diverse portfolio of popular online games. Its flagship title Tian Long Ba Bu (“TLBB”) was launched in 2007. With around 300 million registered users, it has enjoyed great popularity among game players and continues to do so. Legacy TLBB Mobile, developed by the original TLBB PC team, was launched in May 2017. The game re-attracted many players that were once playing TLBB PC. It set a new record for MMORPG games in terms of monthly gross billings in China. TLBB Honor, a mobile game with a special portrait screen mode, which was launched in 2019, also performed well. 　　Changyou has an advanced technology platform that includes advanced 2.5D and 3D graphics engines, a uniform game development platform, effective anti-cheating and anti-hacking technologies, proprietary cross-networking technology and advanced data protection technology. 　　Going forward, Changyou will continue to execute its core strategy of ‘Top Games’ with a strategic focus on MMORPG mobile games, and seek to make breakthroughs in developing casual games and strategy games. 　　Changyou also owns and operates the 17173.com website, which provides news, electronic forums, online videos, mobile game distribution and other information services on online games to game players. Covering more than 80 thousand games and 60 mainstream new media and video platforms, 17173.com website is the leading game information portal in China.