Perfect World Announces Recent Business Developments

BEIJING, September 23, 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 September 23, 2011.

Press Releases Issued During the Period:

September 5, 2011 - Perfect World to Invest in a Venture Capital Fund

September 15, 2011 - Perfect World Adjusts Guidance for the Third Quarter of 2011

EXPANSION PACKS

"Dragon Excalibur" Expansion Pack - "Divine Pearl"

On August 25, 2011, Perfect World released the expansion pack "Divine Pearl" for "Dragon Excalibur," the Company's first 2D real-time MMORPG. This expansion pack introduces new content including a new profession, map and riding animal, as well a series of new instances. These new elements are added to further enhance the fun gaming experience for players.

"Battle of the Immortals" Expansion Pack - "Legend of the Orient"

On August 30, 2011, Perfect World released the expansion pack "Legend of the Orient" for "Battle of the Immortals," the Company's first 2.5D mysterious adventure MMORPG. This expansion pack introduces a new profession and instance. Exciting new content including territory combat vehicles and a beast armor system is also included to provide players with special entertaining experience that reflects both western and eastern cultures.

"Perfect World" Expansion Pack - "Glory Renaissance"

On September 15, 2011, Perfect World released the expansion pack "Glory Renaissance" for "Perfect World," the Company's 3D adventure and fantasy MMORPG. This expansion pack introduces new story plots and skills for its new class and professions. A new instance and several beautiful scenes are also included in the expansion pack, adding more exciting elements into the game.

"Zhu Xian" Expansion Pack - "The Search for Nirvana"

On September 22, 2011, Perfect World released the expansion pack "The Search for Nirvana" for the Company's 3D MMORPG "Zhu Xian." The expansion pack introduces new professions and a new instance, as well as numerous upgraded armors and skills, all of which deliver enhanced gaming experience for players.

"Hot Dance Party" Expansion Pack- "The Pursuit of the Happiness"

On September 23, 2011, Perfect World released the expansion pack "The Pursuit of the Happiness" for "Hot Dance Party," the Company's 3D online casual game. The expansion pack introduces new content including a new social networking system and an upgraded marriage system, bringing a new level of fun to players.

OVERSEAS LICENSING AGREEMENTS

Licensing "Forsaken World" to Brazil and the Spanish-speaking Countries in Latin America

In August 2011, Perfect World signed agreements with Level Up! Interactive S.A. ("Level Up!") to license "Forsaken World" to Brazil and the Spanish-speaking countries in Latin America. "Forsaken World" is Perfect World's 3D MMORPG which caters to the tastes of global game players. Set against the backdrop of a fantasy world, "Forsaken World" breaks new ground by introducing a multitude of innovative features and novel gaming concepts. Players themselves are able to alter the fate of the world through their individual actions in the game. "Forsaken World" was first launched in Mainland China in 2010, and has since been successfully licensed to several countries and regions.

Licensing "Perfect World II" to Australia

In September 2011, Perfect World signed an agreement with Cyber Gaming Pty Ltd. ("Cyber Gaming") to license "Perfect World II" to Australia. "Perfect World II" is a 3D MMORPG launched in Mainland China in 2006 by Perfect World, and has since been successfully launched in dozens of countries and territories throughout Asia, Europe and North America.

Licensing "Perfect World II" to New Zealand

In September 2011, Perfect World signed an agreement with its overseas partner to license "Perfect World II" to New Zealand.

OVERSEAS OPERATIONS

Launches of "Rusty Hearts" in North America and Europe

In September 2011, Perfect World launched the highly-anticipated MORPG "Rusty Hearts" in North America and Europe through its wholly-owned subsidiaries, Perfect World Entertainment Inc. and Perfect World Europe B.V., respectively. "Rusty Hearts" is an action-based MORPG developed by Stairway Games, and WindySoft Co., Ltd. ("WindySoft") possesses the global publishing rights. With its advanced action features and game-play design, "Rusty Hearts" has won great attention of publishers and players from many countries.

About Level Up! Interactive S.A. (http://levelupgames.uol.com.br)

Established in 2004, Level Up! Interactive S.A. is a leading online game operator and publisher in Brazil. Level Up! is dedicated to entertaining players with high-quality and highly-anticipated products. To date, Level Up! has successfully launched a number of popular online games, including "Perfect World II," "Ragnarok," "Grand Chase" and "Combat Arms." Level Up! will continue to provide players with more sensational titles and world-class services, developing a leading brand in the gaming industry worldwide.

About Cyber Gaming Pty Ltd. (http://www.17level.com)

Established in 2004, Cyber Gaming Pty Ltd. is an internet service provider in the Oceania region. Cyber Gaming's main business includes online gaming, regional portal and online trading. Since the start of its online gaming business in 2008, Cyber Gaming has built an independent platform for product promotion and membership. Cyber Gaming also has deep experience in cooperating with several well-known Chinese companies. Cyber Gaming currently operates online games including "Wen Dao," "JX World Online" and "Business Tycoon Online," and will continue to bring more great games and high-quality service to its players.

About WindySoft Co., Ltd. (http://www.windysoft.net)

Established in 2002, WindySoft Co., Ltd. is a leading Korea-based online gaming company. It has gained a high reputation by successfully publishing "GetAmped" in Korea. The development or publishing of other games such as "GA2," "Cosmic Break," "Katamari Damacy Online," "MegaTen Online," "Rusty Hearts" and "HEVA" led to the build-up of its action-gaming portal "Windyzone.com." WindySoft has also successfully licensed a number of games to its partners in various countries and areas, such as Japan, China, Taiwan, Brazil, Europe and other South East Asian territories. Providing a variety of game business models to its selective partners, WindySoft continues to extend its resources and efficient business partnerships throughout the world.

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. Perfect World'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. Perfect World'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," "Empire of the Immortals" and "Heaven Sword and Dragon Saber;" and an online casual game: "Hot Dance Party." While a substantial portion of the revenues are generated in China, Perfect World's games have been licensed to leading game operators in a number of countries and regions in Asia, Latin America, Australia, New Zealand, and the Russian Federation and other Russian speaking territories. Perfect World also generates revenues from game operations in North America, Europe and Japan. Perfect World 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, Perfect World's limited operating history, its ability to develop and operate new games that are commercially successful, the growth of the online game market and the continuing market acceptance of its games and in-game items in China and elsewhere, its ability to protect intellectual property rights, its ability to respond to competitive pressure, its 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.