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The9 Announces Clarification Against the Rumor

2008-09-08 09:08 626

SHANGHAI, China, Sept. 5 /Xinhua-PRNewswire/ -- The9 Limited (Nasdaq: NCTY), a leading online game operator in China, today announces clarification against the rumor regarding the World of Warcraft's renewal contract.

The9 is currently in contract negotiations regarding World of Warcraft's future operation in China. Recently, there have been rumors that surfaced regarding the contract details. These rumors are completely unfounded. The9 encourages all parties to refrain from believing in and spreading out such rumors. The9 is actively conducting the contract extension negotiations, and will announce to the market once a final decision is made. The9 reserves all of the rights to take legal action to those parties that spread the rumors.

About The9 Limited

The9 Limited is a leading online game operator and developer in China. The9's business is primarily focused on operating and developing high-quality games for the Chinese online game market. The9 directly or through affiliates operates licensed MMORPGs, consisting of MU(R), Blizzard Entertainment(R)'s World of Warcraft(R), Soul of The Ultimate Nation(TM), Granado Espada, and its first proprietary MMORPG, Joyful Journey West(TM), in mainland China. It has also obtained exclusive licenses to operate additional MMORPGs and advanced casual games in mainland China, including Hellgate: London, Ragnarok Online 2, Emil Chronicle Online, Huxley(TM), FIFA Online 2, Audition 2, Field of Honor, Audition and Atlantica. In addition, The9 is also developing various proprietary games, including Warriors of Fate Online(TM) and Fantastic Melody Online(TM).

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of 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. Among other things, the business outlook and quotations from management in this press release contain forward-looking statements. The9 may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about The9's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, The9's limited operating history as an online game operator, political and economic policies of the Chinese government, the laws and regulations governing the online game industry and information disseminated over the Internet in China, intensified government regulation of online game operators and Internet cafes in China, The9's ability to retain existing players and attract new players, license, develop or acquire additional online games that are appealing to users, anticipate and adapt to changing consumer preferences and respond to competitive market conditions, and other risks and uncertainties outlined in The9's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1, as amended, and annual reports on Form 20-F. The9 does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For further information, please contact:

Investor Relations

The9 Limited

Tel: +86-21-5172-9990

Email: IR@corp.the9.com

Website: http://www.corp.the9.com/

Source: The9 Limited
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Keywords: Entertainment
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