 SHANGHAI, March 31, 2021 PRNewswire -- The9 Limited Nasdaq: NCTY The9, an established Internet company, today announced that it has entered into an underwriting agreement with Maxim Group LLC under which the underwriter has agreed to purchase, on a firm commitment basis, 3,765,100 American depositary shares the ADSs of the Company, and warrants to purchase 2,823,825 ADSs, at a price of 33.20 per ADS and accompanying warrant, less underwriting discounts and commissions. The warrants offered in this offering has a term of three years and are exercisable by the holder at 36.00 per ADS at any time after the date of issuance. 