MSCI Inc. (“MSCI”), a globally recognised index provider, recently announced the results of its February 2026 Quarterly Index Review, pursuant to which Tanwan Inc. (9890.HK)(“Tanwan”) has been added as a constituent of the MSCI China Small Cap Index, which forms part of the MSCI Global Small Cap Indexes. The inclusion will officially take effect after the market close on February 27.
As one of the world’s most widely recognized index providers, MSCI operates a comprehensive index system covering major global markets and serves as an important benchmark for institutional investors in asset allocation, risk management, and investment decision-making. Inclusion in an MSCI index generally indicates that a company has met international standards in respect of corporate governance, operational quality and market performance, and is representative of its market to a certain extent. This review may also prompt international investment institutions to rebalance their portfolios accordingly, further enhancing market attention on the relevant stocks.
As a leading games publisher in China, Tanwan Game has consistently pursued global IP publishing as its core strategic focus, developing long-cycle operation of premium games alongside a diversified business footprint covering trendy collectible toys and other derivatives. As the “AI + Game” era advances rapidly, the Company has made forward-looking investments in artificial intelligence, deploying AI to empower the entire publishing value chain. Combined with its two core strengths — precision marketing and long-term operation — the Company continues to maximise game lifecycle value and unlock the potential of its IP portfolio. Its representative published titles include City of Dragontrail (《龙迹之城》), Legend of Origin (《原始传奇》), Yulgang: Return (《热血江湖：归来》) and the mini-program version of The Demi-Gods and Semi-Devils 2: Flying Dragon Battles against the Heavens (《天龙八部2：飞龙战天》), all of which have built a broad user base and a strong reputation in the market.
Tanwan Game’s inclusion in the MSCI China Small Cap Index fully demonstrates the capital market’s strong recognition of the Company’s overall capabilities, innovation capacity and long-term growth potential. This is expected to help the Company broaden its international investor base and raise its brand profile in global capital markets, while attracting the attention of a more diversified investor community. As the shareholder structure continues to optimise, both the trading liquidity and the valuation of the Company’s shares are expected to see positive improvement, further enhancing its overall investment value.
Looking ahead, Tanwan Game will continue to execute its global publishing strategy and IP ecosystem strategy, driven by technological innovation, to further consolidate its leading position in game publishing, deliver higher-quality digital entertainment experiences to players worldwide, and create sustainable long-term value for shareholders.