Perfect World Announces Recent Business Developments

BEIJING, May 14 /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 May 14, 2010.

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Press Releases Issued During the Period:

March 1, 2010 - Perfect World Announces Fourth Quarter and Fiscal Year 2009 Unaudited Financial Results

March 26, 2010 - Perfect World Announces Agreement to Acquire C&C Media

May 7, 2010 - Perfect World Announces Change of Board of Directors

May 7, 2010 - Perfect World to Announce First Quarter 2010 Financial Results on May 17, 2010

EXPANSION PACKS

"Perfect World II" Expansion Pack - "When Fairies Encounter Devils"

On March 31, 2010, the Company launched the expansion pack "When Fairies Encounter Devils" for its 3D MMORPG "Perfect World II." The expansion pack allows players to swap between the camps of the fairies and the devils. It also features the magical power of the sea-dwelling Tideborn race, and a new episode "Calamity of Fairies and Devils" on a large map.

"Hot Dance Party" Expansion Pack - "Drum Your Heart Out"

On April 13, 2010, the Company launched the expansion pack "Drum Your Heart Out" for its online casual game "Hot Dance Party." A new dance style, the Taiko drum style was introduced in this expansion. Compared with the dance style previously introduced, the Taiko drum style has stronger musical rhythm and is simpler to play, allowing users to concentrate on the exciting content of the game.

"Chi Bi" Expansion Pack - "The Rookie and the General"

On April 19, 2010, the Company launched the expansion pack "The Rookie and the General" for its 3D epic MMORPG "Chi Bi," which is based on the history of Three Kingdoms period in China. In the expansion pack, the "Warrior Spirit System" has been upgraded and the "Garrison System" has been updated to further enhance the game's playability.

OVERSEAS LICENSING AGREEMENTS

Licensing "Battle of the Immortals" and "Hot Dance Party" to the Russian Federation and Other Russian Speaking Territories

In April 2010, Perfect World signed respective agreements with Astrum Nival, LLC ("Astrum Nival"), a famous online game developer and operator in Russia as well as a subsidiary of Mail.Ru, to license its "Battle of the Immortals" and "Hot Dance Party" to the Russian Federation and other Russian speaking territories. "Battle of the Immortals" is Perfect World's first 2.5D mysterious adventure MMORPG and was launched in 2009 in mainland China. "Hot Dance Party" is Perfect World's first online casual game and was launched in 2008 in mainland China.

OVERSEAS LAUNCHES

Launch of "Battle of the Immortals" in North America

In May 2010, Perfect World launched its 2.5D MMORPG "Battle of the Immortals" in North America through its wholly-owned U.S. subsidiary, Perfect World Entertainment Inc. "Battle of the Immortals" runs on Perfect World's proprietary "Cube" engine and blends content from Eastern to Western cultures. The U.S. release has been localized to cater to North American game players.

Launch of "Pocketpet Journey West" in Korea

In May 2010, Perfect World launched its 3D MMORPG "Pocketpet Journey West" in Korea through its Korean partner Synopex Greentech Co., Ltd. "Pocketpet Journey West," Perfect World's first pet-themed 3D MMORPG in a fun cartoon style, was launched in 2008 in mainland China.

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, ZX Online, Cross Fire and ZT Online.

About Synopex Greentech Co., Ltd. ( http://www.synopexgreentech.com )

Synopex Greentech Co., Ltd. (KDQ: 037320) ("Synopex Greentech")is engaged in the information technology (IT) industry. Synopex Greentech operates its business under six segments: an oil pressure engineering segment, a pulp molding equipment segment, a ship parts segment, a wastewater segment, an IT server deal segment and an online game segment. On December 31, 2009, Synopex Greentech merged with HI-WIN Co., Ltd. ("HI-WIN"), an online game developer and operator in Korea. HI-WIN released the popular online game "Final Step" in May 2002. The online game has since been licensed to a number of countries and regions, including Taiwan, Japan and mainland China. HI-WIN is now developing a sequel "Final Step II" and a casual shooting game "Project M".

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 introduce popular games that are designed to cater to changing customer preferences and market trends promptly. 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," "future," "plans," "believes" 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 protect our intellectual property rights, our ability to respond to competitive pressure, 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.