Shanghai, China – March 22, 2010. The9 Limited (NASDAQ: NCTY) ("The9"), an online game developer and operator in China, and Red 5 Studios, Inc. ("Red 5"), an online game developer in United States, today jointly announced that they have entered into a definitive investment agreement pursuant to which The9 will invest a total amount of approximately US$20 million for a majority interest in Red 5.