On July 12, according to official news, Spruce Technology HK Limited, a wholly-owned subsidiary of Kaiying Network, has obtained licenses No. 4 (advising on securities) and No. 9 (asset management) issued by the Hong Kong Securities and Futures Commission (SFC), marking an important breakthrough in its globalization strategy. In the future, Kaiying Network will rely on its strong international compliance capabilities to accelerate its global market expansion.

At the same time, Kingnet AI, an AI full-process game development platform developed by SmileCobra Studio and technically supported by Kaiying Network, will help promote innovative development in game content creation, gameplay generation, and economic system design.

SmileCobra Studio will also actively develop in the fields of virtual asset management, AI collaboration tools, and Web3 game innovation. This license acquisition demonstrates Kaiying Network's compliance strength and lays a solid foundation for building a trustworthy global game ecosystem, promoting the global commercialization process.