Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of Perfect World, Ltd.

Law Offices of Howard G. Smith announced that it is investigating potential claims on behalf of investors of Perfect World., Ltd concerning possible violations of the federal securities laws. The investigation focuses on allegations that certain statements issued by the Company regarding Perfect World’s business, operations and financial condition were false and misleading. Perfect World, through its subsidiaries, operates as an online game developer and operator in China, the United States, Japan and Southeast Asia. Specifically, the investigation relates to recent allegations posted on an Internet forum alleging that the Company is under investigation by both Chinese and U.S. regulators due to possible related-party transactions between Perfect World and the Company’s chief executive officer. On this news, the Company’s shares declined $3.19 per share, more than 26%, to close on January 9, 2012, at $8.81 per share on heavy trading volume.