HONG KONG, May 26 /Xinhua-PRNewswire-FirstCall/ -- One of the leading online game developers and operators in the PRC, NetDragon Websoft Inc. ("NetDragon" or the "Company", with its subsidiaries collectively the "Group"; Stock Code: 8288) has been granted an approval in principal from the Listing Committee of The Stock Exchange of Hong Kong Limited ("SEHK") on 23 May 2008 for the listing on the Main Board of the SEHK by way of introduction.
First Shanghai Capital Limited is the Sponsor in relation to the proposed listing of the Group on the Main Board.
An extraordinary general meeting ("EGM") will be convened by the Group on 12 June 2008 (Thursday) to seek the approval of the shareholders for the proposed withdrawal of listing on the Growth Enterprises Market ("GEM") of the SEHK as well as the proposed listing of the entire issued share capital of the Group on the Main Board of the SEHK. The proposed listing by way of introduction will not involve issuance of any new shares of the Group.
The Group was listed on GEM of SEHK in November 2007. It has achieved significant business growth with impressive financial performance over the past year. Revenue of the Group soared by more than 4 times from approximately RMB122,061,000 in 2006 to approximately RMB645,214,000 in 2007. Profit for the year of the Group also surged by more than 7 times from approximately RMB42,985,000 in 2006 to approximately RMB374,837,000 in 2007.
Mr. Liu Dejian, Chairman and Executive Director of NetDragon, says, "Operating in the rapidly developing online game market in the PRC, the Group is able to capture the rising market opportunities and achieved overwhelming success. Going forward, listing on the Main Board of the SEHK will enhance our profile. We intend to attract larger institutional and retail investors and increase trading liquidity of our shares. We will continue to deliver rapid growth and strive to maintain our position as the leading online game developer and operator in the PRC."
The expected timetable for the withdrawal of listing on GEM and listing on the Main Board of the SEHK:
27 May 2008 Dispatch of circular and form of proxy
to the shareholders for the EGM
Dispatch of the listing document to
shareholders
12 June 2008, 10am EGM
12 June 2008 Result of the EGM published
23 June 2008 Last day of dealings on GEM
24 June 2008 First day of dealings on Main Board
About NetDragon Websoft Inc.
NetDragon Websoft Inc. is one of the leading online game developers and operators in the PRC. The Group's game portfolio consists of a range of MMORPGs (Massively Multiplayer Online Role-Playing Games) that cater to various types of players and gaming preferences. The Group has successfully developed and marketed many popular online games in various styles. Its current offerings include the games Eudemons Online, Conquer Online, Zero Online, Tou Ming Zhuang Online, Era of Faith, and Monster & Me. Some of the games are available in foreign languages, including English, French and Spanish. The Group also has three new games in the pipeline, namely Heroes of Might and Magic Online, Way of the Five and Tian Yuan, all expected to be launched in 2008. NetDragon was listed on the GEM board of the Stock Exchange of Hong Kong on 2 November 2007 (Stock Code: 8288). For more information, please visit http://www.nd.com.cn .
Issued by Porda International (Finance) PR Group for and on behalf of NetDragon Websoft Inc.
