On July 16, Paris time, Ubisoft officially announced the appointment of Christophe Derennes and Charlie Guillemot as Co-Chief Executive Officers (Co-CEOs) of its newly established subsidiary, which was first introduced on March 27. The formation of this subsidiary is progressing smoothly. It's worth noting that Tencent's investment in this venture remains contingent upon regulatory clearance and is anticipated to conclude by the end of 2025.