Perfect World to Invest in Two Gaming Portals

Perfect World

today announced that it has entered into definitive agreements to acquire 100% equity interest in Wuhu Huitian Shengshi Network Technology Co., Ltd. ("Wuhu Huitian") for approximately RMB255 million and a minority equity interest in Beijing Shouyou Daqu Technology Co., Ltd. ("Daqu") from Beijing Huitian Shengshi Technology Co., Ltd. ("Beijing Huitian") for approximately RMB40 million. Wuhu Huitian and Daqu run TGBus.com ("TGBus") and PTBus.com ("PTBus"), two leading Chinese gaming portals, respectively. Prior to Perfect World's investments, Wuhu Huitian and Beijing Huitian were ultimately controlled by an individual unrelated to Perfect World. The consummation of the transactions contemplated in these agreements is subject to the satisfaction of customary closing conditions. "We are very pleased to enter into agreements for these investments," commented Mr. Robert Xiao, Chief Executive Officer of Perfect World. "As two of the most popular gaming portals among Chinese players, TGBus and PTBus have accumulated valuable knowledge about the industry and rich experiences with gamers. We believe these strategic investments would create synergies and provide better support for our gaming business, and help us capture new