C Y Foundation Group Ltd.

News and Bulletins


‘Rohan’ Granted Approval from GAPP C Y Foundation Announces Kick off of Pre-launch Test for Guild 08-12-2010 -- The PRC’s leading digital entertainment company, C Y Foundation announced it received approval from The General Administration of Press and Publication (GAPP) to operate Rohan, its flagship MMORPG, in China - the largest online game market in the world. Read More

C Y Foundation Announces 2009/2010 Annual Results Losses Trimmed Sharply During the Year under Review Explore Digital Entertainment Business ‘Rohan’ to be Launched in the PRC market Soon 08-01-2010 -- The PRC’s leading electronic tournament and digital entertainment company, C Y Foundation announced its annual results for the year ended 31 March 2010 on 30 July 2010. Read More

C Y Foundation Exhibits at ChinaJoy Digital Entertainment Expo & Conference Rohan Demo Receives Overwhelming Response 07-30-2010 -- The PRC’s leading electronic tournament and digital entertainment company, C Y Foundation showcased its leading online game Rohan at ChinaJoy. The annual event, held at the Shanghai New International Expo Centre, is expected to attract over 100,000 thousand visitors this year. The increasing demand for online entertainment in China among youth has created huge market potential. Read More

C Y Foundation to Explore Further Cooperation with China Trends To Co-develop Computer Games Competition in Internet Cafes in the PRC 06-03-2010 -- Read More

The 2010 “T- Matrix Cup” co-organized by C Y Foundation enjoys successful launch The First E-sport National Team Selected After Fierce Competition 05-24-2010 -- The first 2010 “T-Matrix Cup” National Team Trial, organised by the General Administration of Sports of the PRCco-organized by C Y Foundation and China Sports Industry wrapped up successfully at the China International Exhibition Center in Beijing.T Read More

Mr. Zhang Jiang Ting, Mayor of Yantai and officials visited C Y Foundation’s Hong Kong Headquarters Mr. Zhang Jiang Ting, Mayor of Yantai and officials visited C Y Foundation’s Hong Kong Headquarters 05-19-2010 -- Mr. Zhang Jiang Ting, Mayor of the People's Municipal Government of Yantai city and the relevant authorities paid a visit to the headquarters of C Y Foundation in Hong Kong recently for a meaningful exchange on the subject of the development of cultural property projects with Mr. Theodore Cheng Chee Tock, Chairman of C Y Foundation. Read More

C Y Foundation Co-organizes 2010 E-sport National Team Trial Fully Supporting Development of China’s E-Sport Industry 04-18-2010 -- The press conference for China’s 2010 E-sport National Team Trial was held in the Beijing Olympic Committee New Center on 16 April. The National Team Trial, organized by the General Administration of Sports of the PRC and co-organized by C Y Foundation and China Sports Industry, will be held from 20 May 2010. During the press conference, organizer representatives activated a laser ball to officially kick off preparation work for the event. Read More

C Y Foundation Launches Co-branded Discount Card with Diversified E-functions Points rewards earned via credit top-up in i-cafés, strengthening the bond of users and members with the Group 04-11-2010 -- The PRC’s leading electronic tournament and digital entertainment company, C Y Foundation Group Limited (“C Y Foundation” or the “Group”; SEHK: 1182), announces that the Group has reached a consensus with a well-known Chinese discount card company to offer a co-branded discount card. The Group has the exclusive right to promote and market the card in i-cafés throughout the PRC. Read More

C Y Foundation Co-organizes China’s E-sport National Team Trial with China Sports Industry National Team Trial Named “C Y Foundation Cup” Fully Supports the Development of China E-Sport Industry 04-07-2010 -- The PRC’s leading electronic tournament and digital entertainment company, C Y Foundation Group Limited (“C Y Foundation” or the “Group”; SEHK: 1182), announces that the Group will co-organize the China’s e-sport national representative team trial 2010 ( the “National Team Trial”) with China Sports Industry Group Co., Ltd (“China Sports Industry”; SH:600158). The National Team Trial is led by the General Administration of Sports of the PRC (“國家體育總局”), which is in charge of supervising and promoting the development of the Chinese e-sport industry, as well as all other sports. This National Team Trial will be named as “C Y Foundation Cup” and a press conference will be hosted in mid-April in the Great Hall of the People, Beijing. Read More

GAPP Approved for Rohan, Closed Beta Testing Begins C Y Foundation and YNK entered into Supplemental Agreement to Extend the Exclusive Rights of Rohan 03-31-2010 -- The PRC’s leading e-sport tournament and digital entertainment company, C Y Foundation Group Limited (“C Y Foundation” or the “Group”; SEHK: 1182), has announced that “Rohan”, the Group’s massive multiplayer online role playing game (MMORPG) for which the Group had earlier obtained the exclusive right to distribute and market in China, has been granted approval from the General Administration of Press and Publication (“GAPP”) for entering into closed beta testing, a major step prior to the game’s launch in the China market. Read More

“LittleBig Soldier”– Movie Online Game to hit Asia C Y Foundation and International Superstar Jackie Chan Team Up 02-17-2010 -- C Y Foundation announcedtoday that it has entered into a joint cooperation with Euro Websoft, a Chinese creative online games design and development company, to promote a new online game called “Little Big Soldier”. This will be an adventure style massively multiplayer online role playing game (MMORPG) based on the action comedy of the same name premiering in February and featuring international superstar Jackie Chan. This is also Jackie Chan’s first movie to be reproduced as an online game. Read More

C Y Foundation Announces 2009/10 Interim Results 12-21-2009 -- Interactive digital entertainment company, C Y Foundation Group Limited, today announced vastly improved revenue figures when it released its 2009/10 interim results for the period ended 30 September 2009. Read More

C Y Foundation co-organizes the 1st Campus TV Festival Three-day event attracts more than 400 schools nationwide 12-14-2009 -- C Y Foundation Group Limited (SEHK: 1182) (“C Y Foundation” or the “Company”) co-organized the 1st Campus TV Festival, which was successfully held in Wuxi, Jiangsu Province from 11-13 December 2009. The 1st Campus TV Festival was hosted by the National Center for Educational Technology, People’s Government of Wuxi and Wuxi Education Television Station. The three-day event generated an overwhelming response, attracting more than 500 students and teachers representing 400 schools from across China. Read More

C Y Foundation Receives “Internet Green Lifestyle Promotion Award” 12-11-2009 -- Read More

C Y Foundation receives “Internet Green Lifestyle Promotion Award” at the 7th China International Internet Culture Expo Showcase of four core product lines under spotlights 12-07-2009 -- C Y Foundation Group Limited joined the 7th International Internet Culture Expo in Beijing from 4-7 December 2009 to help promote the most influential must-visit Internet event in the PRC. It was honored to receive the “Internet Green Lifestyle Promotion Award” by the Ministry of Culture in recognition for its contribution in promoting a healthy Internet culture. Read More

“Miss HK IEF 2010” Competition 11 candidates entered the Final 12-01-2009 -- C Y Foundation, Zoho D.I.Y. Muzik Factory, Msystem.com.hk Limited and E-Sport HK jointly host the 1st “Miss HK IEF 2010”. Read More

2009 IEF Final Opens in Suwon, Korea Over 1 Million Visitors From 17 Countries & Regions Expected 10-31-2009 -- C Y Foundation Group Limited is pleased to announce that 2009 IEF final successfully opened on 30 October 2009 in Suwon, Korea. Over 1 million visitors are expected to attend or participate in the three day e-sport event. Read More

IEF 2009 Hong Kong Qualifier a Big Success Winners in HK heading to 2009 IEF Final in Suwon, Korea 09-29-2009 -- C Y Foundation Group Limited hosted the 2009 second annual Hong Kong qualifying tournament for the International E-sports Festival (“IEF”) this past weekend, 26th and 27th September 2009. The number of participants this year was three times larger than last year’s inaugural tournament, signalling the growing interest and demand for e-sports entertainment. Read More

C Y Foundation Enters Into Agreement with Paradise Entertainment for Subscription of New Convertible Notes and Option 08-27-2009 -- C Y Foundation Group Limited, a Chinese interactive digital entertainment company, today announced that the Company entered into an Agreement with Paradise Entertainment Limited on 21 August 2009 for the subscription of 6% New Convertible Notes in the aggregate principal amount of HK$20 million with an option to subscribe for the Additional Notes in an aggregate principal amount of HK$20 million. Read More

C Y Foundation Launches Rohan Website in China Renowned Korean game acquisition enriches 07-09-2009 -- [9 July 2009 – Hong Kong] C Y Foundation Group Limited (SEHK: 1182; “C Y Foundation”) announced the authorized website of ‘Rohan’ of China (www.rohan.cn) is officially launched. C Y Foundation obtained exclusive rights to distribute and market ‘Rohan’ in China. Rohan is a massive multiplayer online role playing game (“MMORPG”) that has been ranked one of Korea’s top 10 multiplayer online games for the past three years. Read More

C Y Foundation Completed Business Transformation in 2008/09 E-Sport & Digital Entertainment Business Expected to Drive Future Earnings 06-19-2009 -- An e-sport tournament and interactive digital entertainment company, C Y Foundation Group Limited (SEHK: 1182; “C Y Foundation” or the “Group”), announced today its 2008/09 annual results for the year ended 31 March 2009. Read More

C Y Foundation and Network Movie Centre Co-host Expo 2010 Shanghai Ceremonial Officers 06-05-2009 -- (5 June 2009, Hong Kong) C Y Foundation Group Limited, a Chinese interactive digital entertainment company, (“C Y Foundation” or “the Group”, HK Stock Code: 1182) and Network Movie Centre of the Chinese Communist Youth League are co-organizing a nationwide contest to select candidates to represent China as Ceremonial Officers at Expo 2010 Shanghai. Read More

C Y Foundation Enters Into Supplemental Agreement with YNK Better Terms for Obtaining Exclusive PRC Distribution Rights of 04-01-2009 -- Read More

C Y Foundation Acquires Exclusive Game Licensing Rights of Rohan A Top Ranking MMORPG Game in Korea’s Market 12-31-2008 -- [31 December 2008 – Hong Kong] C Y Foundation Group Limited (SEHK: 1182; “C Y Foundation” or the “Group”) announced on 18 December 2008, the Group had entered an exclusive license and distribution agreement with YNK Korea Inc. (“YNK Korea”), a leading game developer listed on Korea Exchange, to acquire exclusive rights to distribute and market Rohan, an online role-playing game. Rohan is a massive multiplayer online game (“MMORPG”) and has been ranked one of Korea’s top 10 multiplayer online games for the past three years. Read More

C Y Foundation signs important MOU with China and Korea Parties Aiming to promote digital entertainment industry 12-15-2008 -- C Y Foundation Group Limited (SEHK: 1182; “C Y Foundation”) announced that it has entered into a memorandum of understanding (“MOU”) with Network Media Center of the Communist Youth League of China (“Network Media Center”) and MBC Plus Media (“MBC”) to promote the International E-Sports Festival (“IEF”). Read More

2008 IEF E-Sports Festival Thrills China Participants Gather in Wuhan for RMB 1 million Prizes 12-08-2008 -- 2008 International E-sports Festival (“IEF”) hosted by C Y Foundation Group Limited (SEHK: 1182) (“C Y Foundation”) in Wuhan, China has proven to be a resounding success. Read More

2008 IEF Opens in Wuhan Over 150,000 Visitors Expected for Three-Day Event 12-05-2008 -- The International E-sports Festival (IEF) hosted by C Y Foundation Group Limited (SEHK: 1182; “C Y Foundation”) opened today in Wuhan, China. It runs through to 7 December. Considered one of the industry’s most spectacular international online games tournaments, more than 150,000 visitors are expected to attend the three-day event. Read More

HK’s Representatives Aim to Win at 2008 IEF in Wuhan, China 12-03-2008 -- The International E-sports Festival (“IEF”) hosted by C Y Foundation Group Limited (SEHK: 1182; “C Y Foundation”) will be held in Wuhan, China from the 5th to 7th December. Winners of the Hong Kong preliminary trials are now preparing for the international tournament finals, hoping to win glory for Hong Kong. Read More

2008 IEF Tournament HK Preliminary Trials Conclude with Success 11-20-2008 -- The International E-sports/entertainment Festival (IEF) hosted by C Y Foundation Group Limited (SEHK: 1182) (“C Y Foundation” or the “Company”) has kicked off one of the industry’s most spectacular international online games tournament, in Hong Kong. Winners at the Hong Kong preliminary trials will go on to represent the SAR to battle for the top prize at the tournament finals in Wuhan, China. Read More

C Y Foundation Acquires Exclusive Rights to Host 2008-2009 IEF Tournament 11-11-2008 -- C Y Foundation Group Limited (SEHK: 1182) (“CY Foundation” or the “Company”), a company providing a digital entertainment platform across China, is delighted to announce it has obtained authorization to exclusively host the 2008-2009 International e-Sports Festival (“IEF”). Read More

C Y Foundation and AsianLogic Roll Out Innovative Game Network across China 07-28-2008 -- Read More

C Y Foundation Acquires Kingbox - Profitable Packaging and Gift Sourcing Company Acquisition raises the bottom line and provides vital link in corporate strategy 07-15-2008 -- Read More

C Y Foundation Enters into Licensing Agreement with Canadian software provider Las Vegas From Home.com Entertainment 01-14-2008 -- China Gateway Proves attractive to 3rd Party Software developers C Y Foundation receives an Exclusive Right Payment of CDN$850,000.00 (HK$6,630,000.00) Read More

C Y Foundation Wuxi Final China Youth Electronic Tournament (CYET) Holds Successful Doudizhu Final 12-07-2007 -- The Tournament (named China Youth Electronic Tournament, or CYET) launched on October 27, 2007 and proved hugely popular, with over 29,000 players signing up. Read More

China Youth Electronic Tournament (CYET) Tournament Platform Daily Player Growth Is Over 50% 11-23-2007 -- C Y Foundation Group Limited (SEHK:1182) (“C Y Foundation” or the “Company”), the interactive media entertainment company focused on providing quality entertainment across China, is delighted to announce the tournament KPI results from its first major tournament held in Wuxi. The tournament of popular Asian card game Doudizhu (kick out the landlord) was launched on October 27 2007 and attracted over 17,000 sign ups in its first three weeks. The tournament was strictly a play for free tournament up until 12 November 2007 following which there have been 1,600 paying players paying entry fees of 10rmb. The number of paying players has shown a daily growth rate of over 50% since 12 November. Read More

C Y Foundation Re-designates Senior Management Members 11-22-2007 -- C Y Foundation Group Limited (SEHK:1182) (“C Y Foundation” or the “Company”), the interactive media entertainment company which focuses on providing quality entertainment across China, is pleased to announce the appointment of Mr. Kar Loon SNEAH as new Group CEO and the re-designation of Mr. Sam Woelm as the Executive Director. Read More

C Y Foundation launches China Youth Electronic Tournament in Beijing CY Electronic Tournament Association is formed 10-11-2007 -- C Y Foundation Group Limited is delighted to announce that its PRC subsidiary, C Y Foundation Culture Company Limited (“CYFCC”), together with the China Youth League’s Network Media Center, the China Youth Association for Network Development and China Youth Net, today launched the biggest digital entertainment event in China – the China Youth Electronic Tournament (“Tournament”) – in Beijing today. The day also saw the founding of the first China electronic tournament industry association –China Youth Association for Network Development Electronic Tournament Working Committee. Read More

C Y Foundation Launches China Youth Internet Fund and e-Classroom Program 10-11-2007 -- As a major event within its “Green Internet Policy”, C Y Foundation today announces the launch of its “Digital Hongqiao” e-Classroom program and the joint establishment of the China Youth Internet Fund by the organizing committee of the China Youth Electronic Tournament and C Y Foundation. Read More

C Y Foundation Group Acquires Office Premises for its Own Use 10-02-2007 -- C Y Foundation Group Limited, the interactive media entertainment company focused on providing quality entertainment across China, today announces the purchase of premises in both Hong Kong and Beijing for its own use for an aggregate consideration of about HK$118 million (US$15.13 million). Read More

Commercial Launch of Chinese Tournament Product 09-27-2007 -- C Y Foundation (SEHK: 1182), the interactive media entertainment company focused on providing quality entertainment across China, is delighted to announce the commercial launch of its Peer to Peer (P2P) card tournament product following a number of successful beta testing tournaments organised throughout China over the past few months. Read More

C Y Foundation Group Launch of Flagship Entertainment Center 09-16-2007 -- C Y Foundation Group Limited, the interactive media entertainment company focused on providing quality entertainment across China, today announced the opening of its first flagship entertainment center, located in Shanghai. Read More

Enternet The Ultimate Experience in P2P Tournament Etertainment 09-01-2007 -- C Y Foundation is pleased to announce the official launch of Enternet - the company's first flagship entertainment center in Shanghai. Enternet is a new and unique entertainment experience which is expected to capture the online tournament market by storm and set a new benchmark for entertainment centers across China. Read More

International E-sports Festival (IEF) Final in Korea Co-organized by C Y Foundation - a Big Success 08-27-2007 -- C Y Foundation Group Limited (“CY Foundation” or the “Group”, SEHK:1182)announced that the International E-sports Festival (“IEF”) co-organized by it and held in Gangneung City, Korea ended on 12 August 2007as a big success, with the Group Champion and Individual Champion winning cash prizes of US$14,000 (RMB100,000) and US$10,000 (RMB75,000) respectively. Read More

Co-organizer for International E-sports Festival 08-08-2007 -- C Y Foundation Group Limited (“C Y Foundation” or the “Group”, SEHK:1182) announced today that it will be one of the co-organizers of the International E-sports Festival (“IEF”) – an ongoing digital entertainment tournament event held by China and Korea for the third consecutive year. Read More

2006/2007 Annual results 07-24-2007 -- C Y Foundation Group Limited (“C Y Foundation” or “the Group”, SEHK:1182) announced its 06/07 annual results for the year ended 31 March, 2007. Since the last quarter of the financial year under review, the Group’s new management had raised over HK$715 million net proceeds to develop the Group’s new online gaming business in the PRC. Read More

Appointment of COO 07-14-2007 -- C Y Foundation Group Limited (“C Y Foundation” or “the Group”, SEHK: 1182) has appointed Mr. Alan LEUNG (“Mr. LEUNG”) as Chief Operating Officer of the Group, effective 1 June 2007. Mr. LEUNG will be responsible for overseeing the operations of the Group’s business in China. Read More

Pilot Test Run of Popular Card Game - Doudizhu 07-12-2007 -- C Y Foundation Group Limited (“C Y Foundation” or “the Group”, SEHK:1182) has begun pilot testing tournaments with a popular casual game called Doudizhu - a 3-player card game that attracts millions of players throughout China. The Group is using a 4-player game version to increase excitement. The Group is performing the beta test tournaments in the 200 internet café and community center network they have established across Shanghai. Read More

Strategic Partnership with Galaxy Entertainment 07-05-2007 -- Galaxy Entertainment Group Limited (“Galaxy”, SEHK: 27) and C Y Foundation Group Limited (“C Y Foundation”, SEHK:1182) today announced that the two companies have signed a Memorandum of Understanding (“MOU”) wherein Galaxy agreed to offer vacation packages as prizes for C Y Foundation’s online gaming tournaments. Read More

Launch of Second Online Mahjong Tournament 06-29-2007 -- C Y Foundation Group Limited (“C Y Foundation” or “the Group”, SEHK:1182) is launching an expanding range of exciting gaming tournaments in China by leveraging an established Internet café network across the country. Following hot on the heels of the successful first Zhongqingbei Mahjong Tournament in Shanghai, the second Zhongqingbei Mahjong Tournament began on 15 June. Read More

Acquisition of T-Matrix 06-06-2007 -- C Y Foundation Group Limited (“C Y Foundation” or “the Group”, SEHK:1182) announced the acquisition of T-Matrix Culture Company Limited (“T-Matrix”), a nationwide Internet café chain in China. The acquisition costs less than RMB22.5 million, an investment that will allow the Group to rapidly roll out its online tournament game platform to a network of Internet café franchisees across China. Read More

First Online Mahjong Tournament a Success 05-30-2007 -- C Y Foundation Group Limited (“CY Foundation” or “the Group”, SEHK:1182) announced that the Group’s first online gaming tournament, Zhongqingbei Mahjong Tournament, hosted in Shanghai on 26 May 2007, ended successfully with the Grand Prize Winner taking home RMB12,800 from a total prize package of close to RMB40,000. Read More

JV with China Youth League was Granted Licence 05-13-2007 -- Foundation Group Limited (“Foundation Group” or the “Group”, SEHK:1182) announced that the PRC government authorities have officially issued operating licence to C Y Foundation Culture Co Ltd (“C Y Foundation Culture”), the JV with CYL Network Movie Center, to conduct on the ground business operations in the PRC. The Group is now ready to aggressively push forward with its roll out strategy of operating electronic game tournaments in the qualified internet cafes across China. Read More

Launch of First Online Mahjong Tournament 05-06-2007 -- Foundation Group Limited (“Foundation Group” or ”the Group”, SEHK:1182) announced it has signed, through an 80% interest entity, 50 Internet cafés in Shanghai to launch the Zhongqingbei Mahjong Tournament in Shanghai, the Group’s first online gaming tournament. From April 25, 2007, players have been logging onto www.178Games.com to join the tournament, which will offer prizes to the top 128 finalists. Read More

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