The9 Announces Its President's Contract Will Expire and Not Be Renewed

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Mar 19, 2010, 06:30 ET

SHANGHAI, March 19 /PRNewswire-Asia-FirstCall/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an online game developer and operator in China, announced today that, for personal development reasons, its President, Ms. Xiaowei Chen, will not renew her employment contract with the Company. Ms. Chen's employment contract expires on May 16, 2010. The Company's Chairman and Chief Executive Officer, Mr. Jun Zhu, will assume Ms. Chen's duties as President of the Company after this date.

Ms. Chen said, "I would like to thank the Board of Directors of The9 for their trust in me and all the employees for their support during my service to the Company. I believe that the Company will continue to enjoy rapid growth and reach new heights under the leadership of Mr. Zhu Jun."

"I would like to thank Xiaowei for her service to The9 during the past two years," said Mr. Zhu, "Xiaowei brought to The9 her deep understanding of international business and laid a good foundation for the Company's international development. We wish her success in all of her future endeavors."

About The9 Limited

The9 Limited is an online game operator and developer in China. The9's business is primarily focused on developing and operating high-quality games for online game market. The9 directly, or through affiliates, operates licensed MMORPGs and advanced casual games including Soul of The Ultimate Nation(TM), Granado Espada, EA SPORTS(TM) FIFA Online 2 and Atlantica, as well as its proprietary games World of Fighter and Jiu Zhou Zhan Ji, in mainland China. It has also obtained exclusive licenses to operate other games in mainland China, including Audition 2 and Kingdom Heroes 2 Online. In addition, The9 is developing various proprietary games, including Miracles: Ultimate X, Tiny Tribe, Monster of War and other MMORPGs and advanced causal games.

    For further information, please contact:

     Ms. Phyllis Sai
     IR Manager, Investor Relations
     The9 Limited
     Tel:   +86-21-5172-9990
     Email: [email protected]
     Web:   http://www.corp.the9.com/

SOURCE The9 Limited