Lai Kwok Ho - 17 Mar 2026 Form 3 Insider Report for The9 LTD (NCTY)

Role: Director
Signature: /s/ Lai Kwok Ho
Issuer symbol: NCTY
Transactions as of: 17 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 17 Mar 2026, 06:31:37 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Lai Kwok Ho	Director	FLAT C, 15/F, THE HUDSON, NO. 11, DAVIS STREET, KENNEDY TOWN, HONG KONG, HONG KONG	/s/ Lai Kwok Ho	17 Mar 2026	0002109692

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	NCTY	American Depositary Shares						306,701	17 Mar 2026	Direct	F1
holding	NCTY	Class A Ordinary Shares						14,500,100	17 Mar 2026	Direct	F2
holding	NCTY	Class A Ordinary Shares (Restricted)						116,500,000	17 Mar 2026	Direct	F3
holding	NCTY	Class A Ordinary Shares (Restricted)						10,500,000	17 Mar 2026	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each American Depositary Share represents 300 Class A Ordinary Shares.
F2	These Class A Ordinary Shares represent the vested Restricted Shares held by the reporting person in the form of Class A Ordinary Shares without transfer restrictions. These Class A Ordinary Shares were granted on March 10, 2025 in the form of Restricted Shares.
F3	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, 58,000,000 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; 58,500,000 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% will vest on the second anniversary of the grant.
F4	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.