Perfect World Names Alan Chen as Senior Vice President and General Manager at the Company's Shanghai Office |
Beijing, China (January 16, 2008) --Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World" or "the Company"), a leading online game developer and operator, today announced that Mr. Alan Chen has been appointed as the Company's Senior Vice President and General Manager at its Shanghai office, which is currently in the process of being established. Mr. Chen will lead the Company's initiatives to expand its game development capacity in Shanghai and grow the Company's business in other potential markets. Mr. Chen brings to Perfect World over eighteen years of experience in business management and operations in China and internationally. Prior to joining Perfect World, Mr. Chen held a number of executive positions with responsibilities in sales, marketing, product development, and operations. From 2006 to 2007, Mr. Chen served as Chief Technology Officer for The9 Ltd., a leading online game operator in China, where he led game development and technical operations. Prior to The9 Ltd., Mr. Chen was Executive Vice President of Hewlett-Packard (China) Ltd., where he was in charge of the company's server and storage business. He also served as Vice President of Professional Services at Lucent Technologies (China) Ltd., and General Manager of Carrier Packet Solutions at Nortel Networks (China) Ltd. Mr. Chen received both his Bachelor's degree and Master's degree in telecommunications engineering from the Beijing University of Posts and Telecommunications in 1982 and 1987, respectively. He went on to earn his Ph.D. degree in 1992 in electrical engineering from the University of Ottawa. "I am excited to join such an outstanding company with strong game development and operation capabilities in the online games market," said Mr. Chen. "I look forward to working with Perfect World colleagues to contribute to the future growth of the business." "Alan brings great experience to Perfect World with his strong knowledge of the online game industry and his operational expertise," added Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "I believe he will facilitate the development of our Shanghai office and accelerate our growth in other potential markets." About Perfect World Co., Ltd. (http://www.pwrd.com) 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" 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, and changes of the regulatory environment in China. Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. 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. Christensen Investor Relations Jung Chang |