Perfect World Announces Share Repurchase From A Major Shareholder

BEIJING, June 1 /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 that it has entered into an agreement
to repurchase a total of 1,203,812 shares of its Class A ordinary shares and
11,296,188 shares of its Class B ordinary shares for approximately $52.4
million from SB Asia Investment Fund II, L.P. ("SAIF"). Prior to Perfect
World's IPO in July 2007, SAIF had invested in the Company's Series A
Convertible Preferred Shares which automatically converted into the Company's
Class A ordinary shares, with a portion thereof further converted into Class B
ordinary shares, upon the IPO. Currently, the Company has two classes of
ordinary shares, consisting of Class A ordinary shares and Class B ordinary
shares. All ordinary shares have the same rights except for voting and
conversion rights. Each Class A ordinary share is entitled to 10 votes while
each Class B ordinary share is entitled to one vote on all matters submitted
to shareholder approval. Each of the Company's ADSs trading on the Nasdaq
Global Select Market represents five Class B ordinary shares of the Company.
Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World
commented, "We believe that this presents a good opportunity to repurchase our
Class A and Class B ordinary shares. On the strength of our cash position, we
continue to be fully confident in our ability to successfully execute our
business strategies and deliver long-term shareholder value."
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 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 massively multiplayer online
role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts,"
"Perfect World II," "Zhu Xian," "Chi Bi," "Pocketpet Journey West" and "Battle
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, Europe and South America. The Company also generates
revenues from game operation in North America. 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," "future," "plans,"
"believes" 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 protect
our intellectual property rights, our ability to respond to competitive
pressure, 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.
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
http://www.pwrd.com

Christensen Investor Relations
Kathy Li
Tel: +1-480-614-3036
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.

Vivien Wang, Investor Relations Officer of Perfect World Co., Ltd.,
+86-10-5885-1813, or fax, +86-10-5885-6899, or ir@pwrd.com; Or Kathy Li,
+1-480-614-3036, or fax, +1-480-614-3033, or kli@christensenir.com; Or Roger
Hu, +852-2117-0861, or fax, +852-2117-0869, or rhu@christensenir.com, both of
Christensen Investor Relations