Perfect World Announces Recent Business Developments

BEIJING, June 12 /PRNewswire-Asia/ -- Perfect World Co., Ltd. (Nasdaq: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator based in China, today announced its recent business developments as of June 12, 2010.

(Logo: http://photos.prnewswire.com/prnh/20090416/CNTH023LOGO )

Press Releases Issued During the Period:

May 17, 2010 - Perfect World Announces First Quarter 2010 Unaudited Financial Results

EXPANSION PACKS

"Fantasy Zhu Xian" Expansion Pack - "Rise of the Dragons"

On May 20, 2010, the Company launched the expansion pack "Rise of the Dragons" for its 2D turn-based MMORPG "Fantasy Zhu Xian." A new system "Samsara Awakening System" has been added that allows players to experience the excitement of battles through challenging the gigantic dragon BOSS, overcoming obstacles in dungeons and using the battle mode of the "Warrior Spirits of Five Elements."

"Zhu Xian" Expansion Pack - "The New World"

On June 10, 2010, Perfect World launched the expansion pack "The New World" for its 3D MMORPG "Zhu Xian." In this expansion pack, new features were added to the game, including new classes, new storylines and maps as well as new technological applications, bringing a rich gaming experience to players.

OVERSEAS LICENSING AGREEMENTS

Licensing "Fantasy Zhu Xian" to Taiwan

In May 2010, Perfect World entered into a licensing agreement with Taiwan Index Corporation Ltd. ("TIC"), a subsidiary of famous online game company Gamania Digital Entertainment Co., Ltd. (OTC: 6180) ("Gamania"). Under the terms of the agreement, TIC will operate "Fantasy Zhu Xian" in Taiwan. "Fantasy Zhu Xian" is Perfect World's first 2D turn-based MMORPG. "Fantasy Zhu Xian" is based on a popular internet fantasy novel "Zhu Xian," and runs on the Company's proprietary EPARCH 2D engine, bringing entirely new gaming experiences to players.

OVERSEAS LAUNCHES

Launch of "Battle of the Immortals" in Vietnam

In May 2010, Perfect World launched its 2.5D MMORPG "Battle of the Immortals" in Vietnam through its Vietnamese partner Vina Group Corporation. "Battle of the Immortals" is Perfect World's first 2.5D mysterious adventure MMORPG and was launched in mainland China in April 2009. The game runs on Perfect World's proprietary "Cube" engine and blends content from Eastern and Western cultures.

Launch of "Zhu Xian" in the Russian Federation and Other Russian Speaking Territories

In May 2010, Perfect World launched its 3D MMORPG "Zhu Xian" in the Russian Federation and other Russian speaking territories through its partner Astrum Nival, LLC ("Astrum Nival"), a famous online game developer and operator in Russia as well as a subsidiary of Mail.Ru. "Zhu Xian" is one of Perfect World's flagship titles.

Launch of "Zhu Xian" in Korea

In June 2010, Perfect World launched its 3D MMORPG "Zhu Xian" in Korea through its Korean partner CJ Internet Corporation, following their previous cooperation to launch "Perfect World II" in Korea.

About Gamania Digital Entertainment Co., Ltd. (http://www.gamania.com)

Gamania Digital Entertainment Co., Ltd. (OTC: 6180) ("Gamania") is the pan-Asia leading online game developer, publisher and operator, providing high quality online game service to customers. Established in 1995, Gamania, with its headquarters in Taipei, has been working toward expanding the Asian markets and today has operations in Taiwan, Hong Kong, Korea, Japan, and mainland China. In addition to its famous licensed online games, Lineage I and Maple Story, Gamania recently has been striving to develop its in-house titles and other diversified business such as animation. The optimal goal of Gamania is to build a world-class digital entertainment platform.

About Vina Group Corporation (http://www.vinagame.com.vn)

Vina Group Corporation ("VNG Corporation") is a leading online game operator in Vietnam. VNG Corporation was established on September 9, 2004, and currently has a staff of over 1,000.

About Mail.Ru (http://mail.ru)

Mail.Ru is the foremost Russian Internet portal, serving the entertainment and communication needs of the global Russian-speaking community with a comprehensive array of more than 40 services including the largest Russian free e-mail service, instant messenger Mail.Ru Agent, national social network My [email protected], and search engine [email protected]. With over 50 percent market share and more than 40 titles to satisfy a full range of individual preferences, Mail.Ru is also the leading Russian online gaming publisher. The company's portfolio includes hits such as Legend: Legacy of the Dragons, which is developed by its subsidiary Astrum Nival, and Allods Online, as well as successful international licenses such as Perfect World II, Lord of the Rings Online, Silkroad Online, Jade Dynasty (Zhu Xian), Cross Fire and ZT Online.

About CJ Internet Corporation (http://www.cjinternet.com)

CJ Internet Corporation (KOSDAQ:037150) ("CJ Internet") is the first company in the digital content industry in Korea to turn an online game publishing business into what it is today - a successful business model. Its success produced achievements such as "Sudden Attack" and "Ma9Ma9", proving that CJ Internet is Korea's top online game publisher. To expand its business from Korea to the rest of the world, CJ Internet has also entered other countries such as Japan, China, and America. With the establishment of its own game studio "CJIG (CJ Internet Game Studio)," CJ Internet has put forth extensive investment and efforts on strengthening the development of digital content, which will not only solidify its game content lineup, but also act as a strong catalyst in accelerating its global publishing business.

About Perfect World Co., Ltd. (http://www.pwrd.com)

Perfect World Co., Ltd. (NASDAQ: PWRD) is a leading online game developer and operator based in China. Perfect World primarily develops online games based on proprietary game engines and game development platforms. The Company's strong technology and creative game design capabilities, combined with extensive knowledge and experiences in the online game market, enable it to frequently and promptly introduce popular games designed to cater changing customer preferences and market trends. The Company's current portfolio of self-developed online games includes massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," "Chi Bi," "Pocketpet Journey West," "Battle of the Immortals" and "Fantasy Zhu Xian;" and an online casual game: "Hot Dance Party." While a substantial portion of the revenues are generated in China, the Company's games have been licensed to leading game operators in a number of countries and regions in Asia, Europe and South America. The Company also generates revenues from game operations in North America and Japan. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.

Safe Harbor Statements

This press release contains forward-looking statements. These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, our limited operating history, our ability to develop and operate new games that are commercially successful, the growth of the online game market and the continuing market acceptance of our games and in-game items in China and elsewhere, our ability to protect our intellectual property rights, our ability to respond to competitive pressure, our ability to maintain an effective system of internal control over financial reporting, changes of the regulatory environment in China, and economic slowdown in China and/or elsewhere. Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

    For further information, please contact:

    Perfect World Co., Ltd.
     Vivien Wang
     Investor Relations Officer
     Tel:   +86-10-5885-1813
     Fax:   +86-10-5885-6899
     Email: [email protected]
     Web:   http://www.pwrd.com

    Christensen Investor Relations
     Kathy Li
     Tel:   +1-480-614-3036
     Fax:   +1-480-614-3033
     Email: [email protected]

     Roger Hu
     Tel:   +86-10-5971-2001
     Fax:   +86-10-5971-2001
     Email: [email protected]

SOURCE Perfect World Co., Ltd.