XD Entertainment inks strategic alliance, provides $40m loan to Golden Arc

XD Inc. announced that its indirect wholly-owned subsidiary, XD Entertainment, signed a Strategic Cooperation Agreement and a Facilities Agreement with Golden Arc, dated November 26, 2025. The Facilities Agreement involves XD Entertainment providing term loan facilities totaling $40 million to Golden Arc, comprising Facility A of $25 million and Facility B of $15 million, at an interest rate of 6% per annum.

The loans are intended to finance Golden Arc's acquisition of shares or equity interests in the Target Group, which manages a diverse game portfolio including "Star Trek Online," "Neverwinter," and "Hyper Light Breaker." Repayment for Facility A is due within 12 months, and for Facility B within 60 months, from their respective utilisation dates. The agreements establish a strategic partnership focused on R&D, industrialization, policy insights, and joint marketing.

Security for the loans includes a pledge of 100% of Golden Arc's equity interests and a security interest in substantially all of its present and future property and assets, granted by Project Golden, Inc. (Golden Arc's immediate holding company) and Golden Arc to XD Entertainment. Golden Arc is ultimately controlled by Yoon Im, Zheng Zeng, and Jason Park, who collectively hold 96.77% of its interests.