Giant Interactive Hires VP of Webgame Development

SHANGHAI, February 6, 2012 /PRNewswire-Asia-FirstCall/ -- Giant Interactive Group Inc. (NYSE: GA) ("Giant" or "Company"), a leading Chinese online game developer and operator, today announced that Mr. Meng Wu, former president of Dovo Technology, Inc., a webgame developer and operator in China, has joined the Company as Vice President of Strategic Planning and Development of Webgames.

Mr. Wu brings to Giant a wealth of experience in the internet and online game industry. He joined Dovo Technology, Inc. in 2007 as president and game producer, and under his leadership the company produced several successful webgames including Business Tycoon Online, Fu Ren Guo Online and Super Star Online.

Ms. Wei Liu, Giant's president commented, "I am delighted to welcome Mr. Wu, who brings his vision and talent to Giant. During our third quarter 2011 earnings conference call, we announced our strategy to establish several webgame design teams, with the goal of capturing new growth opportunities in today's online game markets. The development of successful webgames adds another arm to our existing strong pipeline of mostly MMORPG ("massively multiplayer online role playing games"), and Mr. Wu's appointment will ensure that our webgame development teams are knowledgeable, visionary and of the highest quality. Mr. Wu possesses ample knowledge and experience in webgame design and his addition to our R&D team marks an important milestone in the continued execution of our webgame strategies."

About Giant

Giant Interactive Group Inc. (NYSE: GA) is a leading online game developer and operator in China in terms of market share, and focuses on massively multiplayer online role playing games. Currently, Giant operates multiple games, including the ZT Online 1 Series, ZT Online 2, Giant Online, XT Online, The Golden Land, and Elsword. Giant has built a nationwide distribution network to sell the prepaid game cards and game points required to play its games. For more information, please visit Giant Interactive Group on the web at www.ga-me.com.

Safe Harbor Statement

Statements in this release contain "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the 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 and among others, include statements regarding new growth opportunities in China's online game markets, the establishment of several webgames design teams and the successful development, future launches, growth or quality of Giant's webgames and our existing pipeline of MMOPRG. These forward-looking statements are not historical facts but instead represent only our belief regarding future events, many of which, by their nature, are inherently uncertain and outside of our control. Our actual results and financial condition and other circumstances may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information regarding risks and uncertainties that could cause our actual results to differ from those in the forward-looking statements is included in our filings with the U.S. Securities and Exchange Commission, including our annual report on Form 20-F.