NetDragon Websoft Holdings Limited (“NetDragon” or “the Company”, Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that NetDragon will be included as a constituent of the new Hang Seng TECH Index, which will be launched on 27 July 2020 by Hang Seng Indexes Company Limited.
Hang Seng TECH Index will track the 30 largest technology companies listed in Hong Kong that pass the index’s screening criteria. The index universe covers Hong Kong-listed companies that have high business exposure to selected technology themes, including internet, fintech, cloud, e-commerce and digital activities. Eligible candidates are further screened by whether they operate via a technology-enabled platform, their research and development expenses to revenue ratio, and their revenue growth. After this screening, the top 30 stocks in terms of market capitalisation will be selected as index constituents.
The Index will facilitate the development of various index-linked products, including funds and derivatives, and is expected to become a major index in Hong Kong alongside Hang Seng Index and Hang Seng China Enterprise Index.
The inclusion serves as the Company’s another major milestone in the capital market, following its inclusion in Hang Seng Composite Index and Stock Connect (Southbound).
2020 marks the “20+1” anniversary of NetDragon, and also the beginning of another decade. NetDragon will continue to lead the trend in the development of internet technologies, and integrate them into its gaming and education businesses to achieve new breakthroughs in the years to come. NetDragon will continue to leverage its unique set of technologies and operational capabilities across multiple gaming genres and markets to ensure sustainable growth of its gaming business; and continue to empower education with technologies, promote educational equality, and promote the digitalization of global education.