Perfect World Announces Recent Business Developments

BEIJING, July 19, 2011 /PRNewswire-Asia/ -- Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator based in China, today announced its recent business developments as of July 19, 2011.

Press Releases Issued During the Period:

May 9, 2011 - Perfect World Files 2010 Annual Report on Form 20-F

May 23, 2011 - Perfect World Announces First Quarter 2011 Unaudited Financial Results

May 31, 2011 - Perfect World and Atari Announce Agreement for the Acquisition of Cryptic Studios

EXPANSION PACK

"Chi Bi" Expansion Pack - "The Five Tiger Generals"

On June 20, 2011, Perfect World released the expansion pack "The Five Tiger Generals" for its 3D MMORPG "Chi Bi." This expansion pack introduces new features including re-forged weapons, fight tournaments and a new battleground, providing players with enhanced gameplay and gaming experience.

OVERSEAS LICENSING AGREEMENTS

Licensing "Chi Bi" to Indonesia

In May 2011, Perfect World signed an agreement with its partner in Indonesia to license "Chi Bi" to Indonesia. "Chi Bi" is Perfect World's 3D MMORPG based on the Three Kingdoms, a well-known period in ancient Chinese history. The game was first launched in Mainland China in 2008.

Licensing "Forsaken World" to the Russian Federation and other Russian Speaking Territories

In May 2011, Perfect World signed an agreement with Nival Network Ltd. ("Nival Network") to license "Forsaken World" to the Russian Federation and other Russian speaking territories. Set against the backdrop of a fantasy world, "Forsaken World" is a 3D MMORPG catering to the tastes of global game players. The game was first launched in Mainland China in 2010.

OVERSEAS LAUNCHES THROUGH LICENSEES

Launch of "Battle of the Immortals" in Indonesia

In June 2011, Perfect World launched its 2.5D MMORPG "Battle of the Immortals" in Indonesia through PT. Buana Online Internasional, a subsidiary of PT. Prodigy Infinitech ("Prodigy"). First launched in Mainland China in 2009, "Battle of the Immortals" is Perfect World's mysterious adventure MMORPG well received by gamers both in China and overseas.

Launch of "Forsaken World" in Hong Kong and Macau

In June 2011, Perfect World launched its 3D MMORPG "Forsaken World" in Hong Kong and Macau through Gamania Digital Entertainment (HK) Co., Ltd., a wholly owned subsidiary of Gamania Digital Entertainment Co., Ltd. (OTC: 6180) ("Gamania"). "Forsaken World" was first launched in Mainland China in 2010, and has since been successfully licensed to several countries and regions.

Launch of "Fantasy Zhu Xian" in the Russian Federation and other Russian Speaking Territories

In June 2011, Perfect World launched its cartoon style MMORPG "Fantasy Zhu Xian" in the Russian Federation and other Russian speaking territories through Drylander Limited, a subsidiary of Digital Worlds JSC ("Digital Worlds"). "Fantasy Zhu Xian" is Perfect World's first 2D turn-based MMORPG. The game was first launched in Mainland China in 2009.

Launch of "Empire of the Immortals" in Taiwan

In July 2011, Perfect World launched its 2.5D MMORPG "Empire of the Immortals" in Taiwan through Gameastor Digital Entertainment Co., Ltd., a subsidiary of Gamania Digital Entertainment Co., Ltd. (OTC: 6180). Following "Battle of the Immortals," "Empire of the Immortals" is another 2.5D MMORPG in Perfect World's "Immortals" franchise. It was first launched in Mainland China in 2011.

OVERSEAS OPERATIONS

Obtained License to Publish "Blacklight Retribution"

In April 2011, Perfect World Entertainment Inc., a wholly-owned U.S. subsidiary of Perfect World, signed a licensing agreement with US-based Zombie Studios, Inc. ("Zombie") to publish "Blacklight Retribution". "Blacklight Retribution" is a free-to-play first-person shooter (FPS) game developed by Zombie.

Launch of "Forsaken World" in Japan

In June 2011, Perfect World launched its 3D MMORPG "Forsaken World" in Japan through C&C Media Co., Ltd., a wholly-owned Japanese subsidiary of Perfect World. The game was localized by the Company's R&D teams to cater to Japanese gamers.

Launch of French Version and German Version of "Perfect World II" in Europe

In July 2011, Perfect World launched both French version and German version of its 3D MMORPG "Perfect World II" in Europe through its wholly-owned European subsidiary, Perfect World Europe B.V. The game was localized by the Company's R&D teams to cater to European gamers.

About Nival Network Ltd. (http://www.nival.com)

Nival Network Ltd. is a global game developer and publisher of social strategy games with extensive experience in strategy game development and massively multiplayer online game publishing. Nival Network is headquartered in Moscow and was founded by Russian games industry veteran Sergey Orlovskiy, who currently serves as company president. With offices in Moscow and St. Petersburg, Russia; Minsk, Belarus and Los Angeles, USA; Nival Network currently has more than 200 employees and three development studios. Nival Network also operates the popular Russian social networking platform, Zzima.com.

About PT. Prodigy Infinitech (http://www.prodigy.co.id)

PT. Prodigy Infinitech was founded in April 2008 by a management team with a passion to bring the world's best games to Indonesia. In June 2009, Prodigy acquired exclusive license to operate "Runes of Magic" in Indonesia. In 2010, Prodigy released in Indonesia a popular online game called "Canaan Online," which won a huge following in the country's gaming community and gained great attention in a gaming exhibition jointly held by Prodigy. Prodigy aims to unite the diverse communities in Indonesia through online gaming, and foster a lifestyle of fun and enjoyment with interactive entertainment. Prodigy also aims to grow into a top game publisher, and continues its mission to introduce localized versions of high-end game titles from all around the world to the growing Indonesian gaming society.

About Gamania Digital Entertainment Co., Ltd. (http://www.gamania.com)

Gamania Digital Entertainment Co., Ltd. (OTC: 6180) is a leading PC online game and digital entertainment corporation, providing high quality online games and digital entertainment content to consumers all over the world. Gamania has established a number of overseas branch offices in China, Japan, Korea, Hong Kong, the United States and Europe. With its core-business being PC online gaming, Gamania aims to become a leading digital entertainment brand, providing diversified digital entertainment content including online games, animations, and other entertainment platform to the world.

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

Founded in 2003, Digital Worlds JSC 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 Zombie Studios Inc. (http://www.zombie.com/)

Seattle-based Zombie Studios Inc. is a leading independent developer of PC, Xbox360 and PS3 titles across multiple third party engines including Unreal and Unity. Zombie has been an independent game developer for 17 years with development focus on everything from military simulation and serious games, to hand-held and retail quality Xbox360 and PC games. Zombie is also focused on developing properties for use in graphic novels and movies.

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, Latin 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.