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