Perfect World Announces Recent Business Developments

BEIJING, Nov. 21, 2011 /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 November 21, 2011.

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

Press Releases Issued During the Period:

September 27, 2011 -- Perfect World Provides Update on Share Repurchase Program
November 10, 2011 -- Perfect World and Nexon Announce Strategic Alliance

EXPANSION PACKS

"Empire of the Immortals" Expansion Pack -- "Battle of the Gods"

On October 13, 2011, Perfect World released the expansion pack "Battle of the Gods" for "Empire of the Immortals," the Company's second 2.5D MMORPG in Perfect World's "Immortals" franchise. This expansion pack introduces new content including a new map, a new profession and new skills, as well as an updated players-vs-players system and beast summoning system. These new elements are added to further enhance the fun gaming experience for players.

"Fantasy Zhu Xian" Expansion Pack -- "Perfect Life"

On October 21, 2011, Perfect World released the expansion pack "Perfect Life" for "Fantasy Zhu Xian," the Company's first 2D turn-based MMORPG. This expansion pack introduces new content including a child-raising system, a new instance, and a player-vs-player battlefield system, creating for players a game world containing more exciting elements.

OVERSEAS LAUNCHES THROUGH LICENSEES

Launch of "Dragon Excalibur" in Taiwan, Hong Kong and Macau

In November 2011, Perfect World launched its 2D MMORPG "Dragon Excalibur" in Taiwan, Hong Kong and Macau through Wayi International Digital Entertainment Co., Ltd. ("Wayi"). "Dragon Excalibur" is Perfect World's first 2D real-time MMORPG, set against a backdrop based on ancient Chinese mythology. The game was first launched in Mainland China in 2010.

Launch of "Forsaken World" in the Russian Federation and other Russian Speaking Territories

In November 2011, Perfect World launched its 3D MMORPG "Forsaken World" in the Russian Federation and other Russian speaking territories through Nival Network Ltd. ("Nival"). Set against the backdrop of a fantasy world, "Forsaken World" is a 3D MMORPG catering to the tastes of global game players. The game was first launched in Mainland China in 2010 and has been licensed to dozens of countries and regions.

OVERSEAS OPERATIONS

Launch of "Empire of the Immortals" in Japan

In November 2011, Perfect World launched its 2.5D MMORPG "Empire of the Immortals" in Japan through C&C Media Co., Ltd., its wholly-owned Japanese subsidiary. Following "Battle of the Immortals," "Empire of the Immortals" is the second 2.5D MMORPG in Perfect World's "Immortals" franchise. It was first launched in Mainland China in 2011.

AWARDS

Perfect World Wins Award at "China International Digital Content Expo 2011"

In October 2011, "China International Digital Content Expo 2011" was held in Beijing successfully. This was the 9th China International Digital Content Expo. Perfect World won the "China Online Culture Social Responsibility Award" during the Expo.

Perfect World Wins Four Awards at "2011 ChinaJoy Golden Plume Awards Annual Best Games Election"

In November 2011, Perfect World was announced as the winner of four awards from ChinaJoy's "2011 Golden Plume Awards Annual Best Games Election."  Perfect World's online games "Zhu Xian," "Perfect World II," "Forsaken World" and "Heaven Sword and Dragon Saber," won awards for the "Top 10 Most Favorite Online Games among Game Players," the "Best Self-Developed Online Games," the "Best 3D Online Games" and the "Top 10 Most Anticipated Online Games by Game Players," respectively.

About Wayi International Digital Entertainment Co., Ltd. (http://www.wayi.com.tw)

Established in 1993, Wayi International Digital Entertainment Co., Ltd., is a Taiwan-based developer, distributor and operator of online games. Wayi became one of the leading online game developers and operators in Taiwan after successfully launching a number of popular online games, including "Stone Age," "Elysium Online," "SF Online" and "Xi-you Online." Devoted to expanding its proprietary R&D and globalization activities, Wayi has distributed its self-developed "Lord of the Key" to countries including Japan, Indonesia, Turkey and China.

About Nival (http://www.nival.com)

Nival is a global game developer and publisher with extensive experience in strategy game development and publishing operations on the Russian market.  Nival was founded by Russian industry veteran Sergey Orlovskiy.  Since 1996, Nival has created many successful games and series, such as "Heroes of Might and Magic V," "Blitzkrieg," "Silent Storm" and "Etherlords and Allods."  Nival's flagship product is the cross-platform social strategy game, "Prime World."  With offices in Moscow and St. Petersburg, Russia; Minsk, Belarus; Kiev, Ukraine and Los Angeles, USA; Nival currently has more than 250 employees.  Nival operates the popular Russian gaming platform, ZZima.com.

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.  Perfect World'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.  Perfect World'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," "Fantasy Zhu Xian," "Forsaken World," "Dragon Excalibur," "Empire of the Immortals" and "Heaven Sword and Dragon Saber;" an online casual game: "Hot Dance Party;" and a number of web games and social networking games.  While a substantial portion of the revenues are generated in China, Perfect World operates its games in North America, Europe and Japan through its own subsidiaries. Perfect World's games have also been licensed to leading game operators in a number of countries and regions in Asia, Latin America, Australia, New Zealand, and the Russian Federation and other Russian speaking territories.  Perfect World 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
Vice President, Investor Relations & Corporate Communications  
Tel: +86-10-5780-5700  
Fax: +86-10-5780-5713
Email: [email protected]
http://www.pwrd.com

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

Teal Willingham
Tel: +86-10-5826-4727
Fax: +86-10-5826-4838
Email: [email protected]

SOURCE Perfect World Co., Ltd.