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Perfect World Closed Beta Testing on Fantasy Zhu Xian

Perfect World Co., Ltd. [[PWRD]], a leading online game developer and operator based in China, today announces that it will launch the closed beta testing for its first 2D turn-based MMORPG “Fantasy Zhu Xian” on September 10, 2009.

“Fantasy Zhu Xian” is Perfect World’s first 2D turn-based MMORPG, which is based on a popular internet fantasy novel “Zhu Xian.” The game represents the world of “Zhu Xian” in a refreshing cartoon style. The game is run on the Company’s proprietary EPARCH 2D engine and can exhibit such special visual effects as “reflections,” “particle effects” and “translucency effects.” It also features a flying system that introduces a concept of altitude into a 2D game, which is very creative and advanced in terms of technology.

In the closed beta testing of “Fantasy Zhu Xian,” the players will not only experience the excitement of fighting in player vs. player turn-based battlefields, but they will also enjoy the multitude of experiences within the many instances available to the players throughout the game world. The players will also be able to engage in various round-the-clock activities in the game during the closed beta testing.

Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World, commented, “‘Fantasy Zhu Xian’ is an integral part of our diversified product portfolio. Both the storyline and play modes have shown a promising market potential. I believe that ‘Fantasy Zhu Xian’ will perform well in the closed beta testing.”

About Perfect World Co., Ltd. ( )

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 knowledge and experiences in the online game market, enable it to frequently introduce popular games that are designed to cater to changing customer preferences and market trends promptly. 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.

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