The9 Limited Authorizes $10M Share Buyback

The9 Limited ("The9" or the "Company")

, an online game developer and operator, today announced that its Board of Directors has authorized a share repurchase program under which the Company may purchase up to U.S. $10 million of its American Depositary Shares over the next 12 months. The Company may make repurchases in the open market and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "1934 Act"). The program will be conducted in compliance with Rule 10b-18 of the 1934 Act and other applicable legal requirements. The program may be modified or suspended at any time at the Company's discretion. About The9 Limited The9 Limited is an online game developer and operator. The9 develops and operates, directly or through its affiliates, its proprietary online game FireFall and other online games, web games and social games. It has also obtained exclusive licenses to operate other games in mainland China such as Planetside 2. In 2010, The9 established its Mobile Internet Unit to focus on mobile internet business. Safe Harbor Statement This announcement contains forward-looking statements.  These statements are made under the "safe harbor" provisions of