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Perfect World Announces Shareholder Resolution Adopted at Extraordinary General Meeting

2008-10-07 16:36 2803

BEIJING, Oct. 7 /Xinhua-PRNewswire/ -- Perfect World Co., Ltd. (Nasdaq: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator in China, announced shareholder resolution adopted at its extraordinary general meeting of shareholders held in Hong Kong today.

Perfect World's shareholders adopted the following resolution proposed by the Company:

The amendment to the Company's articles of association (the "Articles") by deleting and replacing Article 13(b) of the Articles in its entirety with the following be and is approved and confirmed, and where necessary ratified, and each director or officer of the Company be and is authorised to take any and every action that might be necessary to effect the foregoing resolutions as such director or officer, in his or her absolute discretion, thinks fit:

"13(b) Subject to the provisions of the Statute, the Company may purchase

its own shares (including any redeemable shares) provided that the

Members shall have approved the manner of purchase by Ordinary

Resolution or that the manner of purchase is in accordance with the

following Articles (this authorisation being in accordance with

Section 37(2) of the Statute or any modification or re-enactment

thereof for the time being in force).

13(c) Purchase of shares listed on any securities exchange or other system

on which shares of the Company may be listed or otherwise authorised

for trading from time to time (an "Exchange"): The Company is

authorised to purchase any share listed on such Exchange in

accordance with the following manner of purchase: The maximum number

of shares that may be repurchased shall be equal to the number of

issued and outstanding shares less one share, at such time, at such

price and on such other terms as determined and agreed by the Board

of Directors in their sole discretion, provided, however, that (i)

such repurchase transactions shall be in accordance with the

relevant code, rules and regulations applicable to the listing of

the shares on the Exchange; and (ii) at the time of the repurchase

the Company is able to pay its debts as they fall due in the

ordinary course of its business.

13(d) Purchase of shares not listed on an Exchange. The Company is

authorised to purchase any share not listed on an Exchange in

accordance with the following manner of purchase: The Company shall

serve a repurchase notice in a form approved by the Directors on the

Member from whom the shares are to be repurchased at least two days

prior to the date specified in the notice as being the repurchase

date; the price for the shares being repurchased shall be such price

agreed between the Board of Directors and the applicable Member; the

date of repurchase shall be the date specified in the repurchase

notice; and the repurchase shall be on such other terms as specified

in the repurchase notice as determined and agreed by the Board of

Directors and the applicable Member in their sole discretion.

13(e) The purchase of any share shall not oblige the Company to purchase

any other share other than as may be required pursuant to applicable

law and any other contractual obligations of the Company.

13(f) The Company may make a payment in respect of the redemption or

purchase of its own shares in any manner permitted by the Statute,

including out of capital.

13(g) The holder of the shares being purchased shall be bound to deliver

up to the Company at its registered office or such other place as

the Board of Directors shall specify, the certificate(s) (if any)

thereof for cancellation and thereupon the Company shall pay to him

the purchase or redemption monies or consideration in respect

thereof."

About Perfect World Co., Ltd. ( http://www.pwrd.com )

Perfect World Co., Ltd. (Nasdaq: PWRD) is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional ("3D") online games based on the proprietary Angelica 3D game engine and game development platform. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games that are designed to cater to changing customer preferences and market trends in China. The Company's current portfolio of self-developed online games includes 3D massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," "Chi Bi" and "Pocketpet Journey West;" and a 3D online casual game: "Hot Dance Party." While most 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, Europe and South America. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.

For further information, please contact:

Perfect World Co., Ltd.

Vivien Wang

Investor Relations Officer

Tel: +86-10-5885-1813

Fax: +86-10-5885-6899

Email: ir@pwrd.com

Web: http://www.pwrd.com

Christensen Investor Relations

Kathy Li

Tel: +1-212-618-1978

Fax: +1-480-614-3033

Email: kli@christensenir.com

Roger Hu

Tel: +852-2117-0861

Fax: +852-2117-0869

Email: rhu@christensenir.com

Source: Perfect World Co., Ltd.
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Keywords: Entertainment
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