This year's first season will have a prize pool of 180,000 RMB (~$27,000), a very large sum even for an event held in China. Just like all previous seasons, there will be two phases: online qualifiers and then an offline finals.
EHOME has been banned from this first season due to violating the rules whereby they did not show up for one of their matches on the scheduled time, in past seasons. Team to take note in this tournament is none other than LGD.sGty who has a very good run in G-League, winning three out of five in 2010.
Prize distribution will be 150,000 RMB (~$23,000) for the champions and 10,000 RMB (~$1,500) for second, third and fourth place.
Links
SGamer - Source(Chinese)