Perfect World Announces Recent Business Developments

BEIJING, Nov. 15, 2010 /PRNewswire-Asia/ -- Perfect World Co., Ltd. (Nasdaq: PWRD) ("Perfect World" or the "Company"), a leading online game developerswa and operator in China, today announced its recent business developments as of November 15, 2010.

Press Releases Issued During the Period:

October 11, 2010 – Perfect World to Launch Open Beta Testing for "Forsaken World" on October 21

October 12, 2010 – Perfect World to Launch Open Beta Testing for "Dragon Excalibur" on October 28

OVERSEAS LICENSING AGREEMENTS

Licensing "Battle of the Immortals," "Legend of Martial Arts," "Chi Bi" and "Hot Dance Party" to the Philippines

In September 2010, Perfect World signed an agreement with Cubinet Interactive Philippines Corporation, a subsidiary of Cubinet Interactive (MSC) Sdn Bhd., to license "Battle of the Immortals" to the Philippines.  Cubinet Interactive (MSC) Sdn Bhd and its group companies, or Cubinet Interactive Group, are a famous game operator in Southeast Asia. "Battle of the Immortals" is the Company's first 2.5D mysterious adventure MMORPG. It was launched in Mainland China in 2009 and has since been licensed to dozens of countries and regions.  In November 2010, the two parties cooperated again to license "Legend of Martial Arts," "Chi Bi" and "Hot Dance Party" to the Philippines.  "Legend of Martial Arts" is a 3D cartoon adventure MMORPG based on a popular TV drama series with the same Chinese name. It was launched in Mainland China in 2006. "Chi Bi" is a war epic 3D MMORPG based on the Three Kingdoms, a well-known period in the ancient Chinese history; while "Hot Dance Party" is the Company's first 3D online casual game. Both of them were launched in Mainland China in 2008.

Licensing "Zhu Xian" to Indonesia

In October 2010, Perfect World signed an agreement with PT. Lyto Datarindo Fortuna to license "Zhu Xian" to Indonesia.  Originally released in 2007 in Mainland China, "Zhu Xian" is a 3D MMORPG based on a popular internet novel. To date, "Zhu Xian" remains the favorite title among online games in China, and has enjoyed successful licensing to dozens of countries and regions since its release.

Licensing "Fantasy Zhu Xian" to the Russian Federation and Other Russian Speaking Territories

In October 2010, Perfect World signed an agreement with Drylander Limited, a subsidiary of Digital Worlds JSC, to license "Fantasy Zhu Xian" to the Russian Federation and other Russian speaking territories.  Digital Worlds JSC is a Russia-based game company. "Fantasy Zhu Xian" is the Company's first 2D turn-based MMORPG, first launched in Mainland China in 2009.

OVERSEAS LAUNCH

Launch of French Version and German Version of "Zhu Xian" in Europe

In October 2010, Perfect World launched its French version and German version 3D MMORPG "Zhu Xian" in Europe through its wholly-owned European subsidiary, Perfect World Europe B.V. The game was released as "Jade Dynasty" in Europe and localized by the Company's R&D teams to cater to European gamers.

AWARDS

Perfect Word Wins Three Grand Awards in the "2010 ChinaJoy Golden Plume Awards Annual Best Games Election"

In October 2010, Perfect World was announced as the winner of several awards from ChinaJoy's "2010 Golden Plume Awards Annual Best Games Election." Perfect World's online games "Zhu Xian," "Swordsman Online" and "Forsaken World," won awards for the "Top 10 Most Favorite Online Games among Game Players," the "Top 10 Most Anticipated Online Games by Game Players," and the "Best Self-Developed Online Games," respectively.

Perfect World Wins Award at "China International Digital Content Expo 2010"

In October 2010, "China International Digital Content Expo 2010" was held in Beijing successfully.  This was the 8th China International Digital Content Expo.  Perfect World won the "China Online Culture Achievement Award" during the Expo.

About Cubinet Interactive Group (http://www.cubinet.com)

Cubinet Interactive Group ("Cubinet Interactive") is engaged in developing and publishing high-quality game products in the Southeast Asia market. Composed of a large number of senior experts in all aspects, Cubinet Interactive also has strong network support and a strong user's community. In addition to the publication and operation of games in Malaysia and Singapore, Cubinet Interactive also develops business throughout the rest of Southeast Asia region. Through cooperation with Perfect World, the company successfully launched "Perfect World II" in Malaysia and Singapore. "Perfect World II" was one of the best performing online games in Southeast Asia in 2007. In addition, the company also introduced Perfect World's other games such as "Legend of Martial Arts," "Chi Bi," "Zhu Xian" and "Hot Dance Party" to the region where they also became popular.

About PT. Lyto Datarindo Fortuna (http://www.lytogame.com/)

PT. Lyto Datarindo Fortuna ("LYTO"), established in 2003, is the largest online game entertainment publisher in Indonesia. LYTO's mission is to provide the new way of gaming experiences through the introduction of Massive Multiplayer Online Games (MMOGs). Headquartered in Jakarta, LYTO has more than 10 branch offices throughout Indonesia. As of 2010, LYTO has published 14 games, including "Perfect World," which became one of the most popular games in Indonesia.  The genres of LYTO's titles vary from RPG, casual and RTS to webgames. Currently, LYTO has a large number of Internet Café players and home players.  In the future, LYTO will continue to build relationships with more game developers to bring bigger and better online entertainment to Indonesia.

About Digital Worlds JSC (http://www.dworlds.ru/en)

Founded in 2003, Digital Worlds JSC ("Digital Worlds") is a Russian-based publisher and developer of MMO games, web systems and iPhone applications.  In 2009, Digital Worlds launched its licensing branch and partnered with Mail.ru to release "Silkroad Online" in the Commonwealth of Independent States.  In 2011, Digital Worlds will bring a famous Korean game "ARGO" to the Commonwealth of Independent States market, as well as other big MMO titles from preeminent global companies.    

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," "Fantasy Zhu Xian," "Forsaken World" and "Dragon Excalibur;" 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, South America and the Russian Federation and other Russian speaking territories.  The Company also generates revenues from game operations in North America, Europe 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.