"Zhu Xian" an MMORPG (massive multiplayer online role-playing game) based on a popular Internet fantasy novel of the same name, has been well-received by domestic online game players since its launch in China in 2007. In January 2008, Perfect World entered a licensing agreement with Cubinet to license "Zhu Xian" in Malaysia, Singapore, Vietnam and Thailand. The move made "Zhu Xian" the Company's third online game to enter the overseas markets following "Perfect World II" and "Legend of Martial Arts."

Of the prospects for "Zhu Xian" in Malaysia and Singapore, Mr. Andy Choe, the CEO of Cubinet, said, " 'Zhu Xian' is an online game characterized by Chinese culture, which is generally well received in Malaysia and Singapore. As such, I believe 'Zhu Xian' will be popular with the online game players of the two countries. As Cubinet's cooperation with Perfect World has become more frequent and our mutual understanding has deepened, I believe 'Zhu Xian' will be another success in the Southeast Asian market."

Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World, commented, " We have been cooperating frequently with Cubinet over the past two years to successfully introduce three of Perfect World's products into the Southeast Asia. The launch of 'Zhu Xian' is another important move in our market expansion plan. I am confident that, through the joint marketing efforts of Perfect World and Cubinet, more online game players can enjoy themselves with Chinese online games."