According to the latest SEC filing, The9 Limited announced it will suspend quarterly cash dividends on common stock, and this adjustment will take effect in the third quarter of fiscal year 2026.

This major decision marks a strategic shift in the company’s dividend policy. Amid a challenging macroeconomic environment, the company’s management has decided to retain more cash resources to strengthen the balance sheet, while also reserving flexibility for future business expansion and technology research and development. Suspending dividend payments will enable the company to respond more flexibly to market fluctuations and prioritize investments in core areas with growth potential. This move reflects the board’s focus on long-term value creation rather than short-term shareholder returns.