(Beijing China - December 16, 2009) -- Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator based in China, today announced its recent business developments as of December 16, 2009.

Press Releases Issued During the Period:
November 14, 2009 – Perfect World Announces Shareholder Resolutions Adopted at 2009 Annual General Meeting
November 16, 2009 – Perfect World Announces Third Quarter 2009 Unaudited Financial Results

EXPANSION PACKS

"Chi Bi" Expansion Pack — "Warrior Spirit"
On November 23, 2009, the Company launched the expansion pack "Warrior Spirit" for "Chi Bi," an epic 3D MMORPG adapted from the history of Three Kingdoms Period. "Chi Bi" has been a popular game with players since its launch in 2008. The new expansion pack includes enhanced content such as the "Warrior Spirit System" that expands players' potential, the "Garrison System" which allows players to manage player-controlled cities, two new weapons - mace and tomahawk, and a new battlefield - Baidi City.

"Perfect World II" Expansion Pack — "Tale of the Mermaid"
On December 2, 2009, the Company launched the expansion pack "Tale of the Mermaid" for its fantasy 3D MMORPG, "Perfect World II." A new race, "Tideborn," and two new occupations, "assassin" and "wizard" were added to the expansion pack. Thus the players' adventures in "Perfect World II" have been enriched with a setting where they can choose among four races and eight occupations for a role. Other new content included marine battle mode and new instances.

"Battle of the Immortals" Expansion Pack — "Holy War in the Netherworld"
On December 8, 2009, the Company launched the expansion pack "Holy War in the Netherworld" for its mysterious adventure 2.5D MMORPG "Battle of the Immortals." This is the third expansion pack released for "Battle of the Immortals," following "The Encounter with the Hidden Dragon" and "The Path to Divinity." In the expansion pack, players will go on a brand new adventure from the human realm to the Netherworld. New content such as an instance "Judgment in the Abyss," as well as the "Oracle Armor System" and the "Deification System" was also added.

OVERSEAS LAUNCHES

Launch of "Chi Bi" in Vietnam
In December 2009, Perfect World launched "Chi Bi" in Vietnam through Cubinet Interactive Int'l Co., Ltd. ("Cubinet Interactive"). "Chi Bi" is a 3D MMORPG adapted from the Chinese history of the Three Kingdoms Period. Cubinet Interactive has been Perfect World's long-time partner and has helped promote Perfect World's games in Southeast Asia.

AWARDS

Won Five Grand Awards at the 2009 Annual Conference of the Chinese e-Game Industry
In December 2009, the Seventh Annual Conference of the Chinese e-Game Industry was held in the Great Hall of the People in Beijing, China. At the conference, Perfect World was awarded "2009 Excellent Enterprise of the Chinese e-Game Industry" and "2009 Leading R&D Technology Company of the Chinese e-Game Industry." Michael Chi, Chairman and CEO of Perfect World, won "2009 Outstanding Entrepreneur of the Chinese e-Game Industry." Perfect World's game "Fantasy Zhu Xian" won "2009 Best Light-hearted Online Game – Golden Finger Award," and "Dragon Excalibur," an upcoming release won "Most Anticipated Online Games – Golden Finger Award."

Won Two Grand Awards at the China International Digital Content Expo 2009
In December 2009, the Seventh Annual China International Digital Content Expo was held in Beijing, China. Perfect World won "Online Game Culture Export Award" and "Online Gaming Enterprise Achievement Award" for its outstanding performance and achievement in online game R&D, operation and export.

About Cubinet Interactive Int'l Co., Ltd.(www.cubinet.com)

Cubinet Interactive Int'l Co., Ltd. ("Cubinet Interactive") is engaged in developing high-quality game products in the Southeast Asia market. Composed of a large number of senior experts in all aspects, Cubinet Interactive also has strong network support and a strong user's community. In addition to the publication and operation of games in Malaysia and Singapore, Cubinet Interactive also develops business throughout the Southeast Asia region. Through cooperation with Perfect World, the company successfully launched "Perfect World II" in Malaysia and Singapore. "Perfect World II" was one of the best performing online games in Southeast Asia in 2007. In addition, the company also introduced Perfect World's other games such as "Legend of Martial Arts," "Chi Bi," "Zhu Xian" and "Hot Dance Party" to the region where they also became popular.

About Perfect World Co., Ltd.(http://www.pwrd.com)

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," "Battle of the Immortals" and "Fantasy Zhu Xian;" 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.

For further information, please contact

Perfect World Co., Ltd.
Vivien Wang
Investor Relations Officer
Tel: +86-10-5885-1813
Fax: +86-10-5885-6899
Email: ir@pwrd.com
http://www.pwrd.com

Christensen Investor Relations
Kathy Li
Tel: +1-480-614-3036
Fax: +1-480-614-3033
Email: kli@christensenir.com

Roger Hu
Tel: +852-2117-0861
Fax: +852-2117-0869
Email: rhu@christensenir.com