Perfect World Co., Ltd. (Nasdaq: PWRD; "Perfect World" or the "Company"), a leading online game developer and operator in China, today announced that "Legend of Martial Arts," ("Dream World - Legend of Martial Arts" in Japan) the Company's light-hearted adventure game, was successfully launched in Japan on February 29, 2008 by C&C Media Co., Ltd. ("C&C Media"), a famous online game operator in Japan.
 
 
C&C Media has many years of online game operating experience. C&C Media successfully operates "Perfect World II," ("Perfect World" in Japan) the Company's first 3D MMORPG licensed to overseas markets, in Japan. Perfect World signed a licensing agreement for "Legend of Martial Arts" with C&C Media in the end of June, 2007, and both parties have devoted great efforts in localization. On December 14, 2007, the closed beta testing was launched and was greatly welcomed by Japan's online game players.

"During the first week of operating 'Dream World - Legend of Martial Arts' in Japan, we have seen that it was very well received by Japan's online game player community and we are satisfied with the result so far," commented Mr. Kensuke Chikaishi, President and Chief Executive Officer of C&C Media. "'Dream World - Legend of Martial Arts' is the second 3D MMORPG we have licensed from Perfect World. Since the successful launch of "Perfect World" in Japan, we have been building a close and good relationship with Perfect World, which is the main factor accounting for the successful localization of 'Dream World - Legend of Martial Arts.' Since the official launch, we have seen positive feedback and we are confident in the operation of 'Dream World - Legend of Martial Arts' in Japan."

"After the successful launch of 'Legend of Martial Arts' in Taiwan, I am pleased to see that it has also been successfully launched in Japan, the first time in Non-Chinese speaking region," commented Mr. Michael Chi, Chairman and Chief Executive Officer. "As a popular light hearted 3D MMORPG in China, 'Legend of Martial Arts' has been well received by many players since its launch. The name, 'Dream World - Legend of Martial Arts' in Japan, portrays Perfect World's vision of promoting its self-developed MMORPGs to the world. Through closer cooperation, I believe that 'Legend of Martial Arts' will create a successful track record in Japan's market."

About C&C Media Company Limited ( http://www.cc-media.co.jp )

C&C Media Company Limited ("C&C Media") was founded in June, 2001. Because of its operation philosophies and strength in today's increasingly competitive Japanese internet business, C&C Media has successfully created a unique market position. In terms of on line game sales channels, C&C Media has successfully leveraged its market resources and its experience operating internet cafes. Currently, among more than 2600 internet cafes all around Japan, C&C Media has built a strong sales channel including 2100 internet cafes. Presently, the number of internet cafes cooperating with C&C Media is still increasing. In addition, C&C Media has built a website, "MK-STYLE", featuring online games and game services for individual users. Supported by its strong operations team, the breadth of C&C Media's operations will continue to grow.

Along with the popularization of bandwidth in Japan, the business of C&C Media will extend to digital entertainment areas besides online games.

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

Perfect World Co., Ltd. (Nasdaq: PWRD - News) is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional ("3D") online games based on the proprietary Angelica 3D game engine and game development platform. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games designed to cater to changing customer preferences and market trends in China. The Company's current portfolio of self-developed 3D massively multiplayer online role playing games ("MMORPGs") includes "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian" and "Chi Bi." The Company uses a time-based revenue model for "Perfect World," and an item-based revenue model for "Legend of Martial Arts," "Perfect World II," "Zhu Xian" and "Chi Bi." While most revenues are generated in China, the Company's games have been licensed to leading game operators in more than ten countries and regions. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.