Perfect World to Launch Open Beta Testing for 'Empire of the Immortals' on March 22

Following "Battle of the Immortals," "Empire of Immortals" is another new title in Perfect World's "Immortals" franchise. The game has received great attention from gamers since its unlimited closed beta testing which was launched in December 2010. Featuring the international style of the "Immortals" series, "Empire of the Immortals" runs on an upgraded "Cube" engine to render exciting visual effects, and innovative game play and battle modes.

In the upcoming open beta testing on March 22, "Empire of the Immortals" will be enhanced based on feedback from the previous unlimited closed beta testing. In addition to its existing features and play modes, including various classes, "Family Wonder," "Spirit System" and "Turf War System;" the game will also introduce additional new elements, such as personalized equipment, "Royal Title System" and "Clan Altar."

Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World, commented, "With the debut of 'Empire of the Immortals', I am very pleased to kick off 2011 with another great title to our players. 'Empire of the Immortals' is another important product in our portfolio that fuels our global expansion and product diversification strategy. We look forward to wowing our global players with the exciting contents of the game."

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," "Dragon Excalibur," and "Empire of the Immortals;" 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.