*This Press Release is #sponsored by Forgame Holdings Limited

San Francisco, CA, July 1, 2024

Forgame Holdings Limited, a premier investment firm listed on the Hong Kong Stock Exchange, has issued an updated formal demand to HumanCode AI. This follows ongoing corporate deception and misuse of proprietary technology by HumanCode AI, led by founders Hua Yang and Zhang Dong (aka Tim Zhang).

Forgame Holdings Limited is committed to addressing the serious issues involving HumanCode AI, including:

  • Theft of Proprietary Software

  • Investor Misrepresentation

  • Fiduciary Breach: 

  • Non-Compete Violation

Updated Formal Demands

Forgame Holdings Limited demands, via a legal letter, immediate compliance from HumanCode AI with the following:

  • Cease all use and promotion of Redrock Biometrics’ proprietary technology.

  • Halt any activities involving the misused intellectual property.

  • Return all misappropriated intellectual property.

  • Inform of the identities of all parties to whom the technology and trade secrets were disclosed and misrepresented.

  • Provide written confirmation of compliance within seven days.

  • Disclose further details about the purported “strategic partnership” and relevant agreements.

Consequences for Non-Compliance

Failure to comply with these demands will result in Forgame Holdings Limited pursuing comprehensive legal action against HumanCode AI and its co-founders, Hua Yang and Zhang Dong. This will include, but is not limited to, claims for breach of fiduciary duties, violation of non-compete agreements, and other serious infractions. Forgame Holdings Limited is prepared to seek substantial damages and injunctive relief to prevent further misuse of the proprietary technology and protect its business interests.

Furthermore, there are indications that HumanCode AI is using the misappropriated technology to raise funds and secure clients, including a most recently announced partnership with TON. Forgame Holdings Limited reserves the right to seek legal action against those involved in these practices.

A representative from Forgame Holdings Limited stated: "The ongoing non-compliance by HumanCode AI and its leadership continues to exemplify corporate misconduct. Forgame Holdings Limited remains unwavering in its commitment to protect its investments and will take all necessary legal steps, including seeking injunctions, to hold those responsible accountable. Additionally, we are prepared to take legal action against any investors who are found to be complicit in these deceptive practices"

Forgame Holdings Limited is resolute in its efforts to safeguard Redrock’s assets and market position from unethical competitors.


About Forgame Holdings Limited

Forgame Holdings Limited is a leading investment firm listed on the Hong Kong Stock Exchange,  dedicated to fostering innovation and protecting the integrity of its portfolio companies. As a major shareholder of Redrock Biometrics, Inc., Forgame Holdings Limited is determined to defend Redrock’s intellectual property against any acts of infringement and unethical behavior.

Contact: contact@forgame.com