“KUNG FOO!” ANNOUNCES CLOSED BETA REBOOT New Expansion to Be Rolled into New Closed Beta 

February 12, 2010 – Redwood City, Calif. – Perfect World Entertainment Inc., a wholly owned US subsidiary of Perfect World Co., Ltd. (NASDAQ: PWRD), today announced that Kung Foo!, which has been in closed beta, will be relaunched later this year with a new expansion containing additional content and optimized localization. Based on Legend of Martial Arts, a popular MMO in China, Kung Foo! parodies the MMO experience in a fun and frivolous manner. In preparation, closed beta servers will be taken down on Tuesday, February 16.

“We want to thank all of our Kung Foo! closed beta testers for their great feedback about the game,” said Craig Beers, Product Manager for Kung Foo! “The closed beta reboot for Kung Foo! means that we will be able to implement players’ feedback so that we can provide players with the best experience possible. When Foo! returns later this year it will be bigger and badder than ever! ”

For the latest updates on Kung Foo!, players can sign up for the newsletter at the official website at http://foo.perfectworld.com/

About Perfect World Entertainment

Perfect World Entertainment, a subsidiary of Perfect World Co., Ltd. (NASDAQ: PWRD), publishes free-to-play online games and provides online services in North America. The Company primarily publishes three-dimensional, or 3D, online games based on the Perfect World proprietary Angelica 3D game engine and game development platform. The Company’s releases include “Ether Saga Online,” “Jade Dynasty” and “Perfect World International,” a free-to-play MMORPG which is currently played by millions of people worldwide; and a single-player action-RPG “Torchlight.”