"Chi Bi" is a 3D MMORPG developed by Perfect World which is based on the Three Kingdoms period in the Chinese history. The Company is co-promoting "Chi Bi" alongside the movie "Red Cliff," which has the same Chinese name as "Chi Bi," in mainland China with China Film Group Corporation.

Cubinet will work with Perfect World on the localization of "Chi Bi" after signing the licensing agreement. To meet the needs of various local markets, "Chi Bi" will be introduced in different languages including Chinese, English, Vietnamese, and Thai.

"'Chi Bi' is the fourth 3D MMORPG that we have licensed from Perfect World," commented Mr. Andy Choe, Chief Executive Officer of Cubinet. "Our previously licensed games from Perfect World include 'Perfect World II,' 'Legend of Martial Arts' and 'Zhu Xian.' 'Perfect World II' has been very well received after its commercial launch in Thailand, Malaysia and Singapore, and 'Legend of Martial Arts' has also been very well received after its commercial launch in Malaysia and Singapore. Through our seamless cooperation, I believe 'Chi Bi,' which is a masterpiece based on the Three Kingdoms period, will also deliver great results."

"Cubinet is one of Perfect World's major overseas partners," said Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "I believe the response we have seen from Thailand, Malaysia and Singapore for our previously licensed games can be largely attributed to Cubinet's strong operating capabilities. Given that 'Chi Bi' has been well-received in China's online game market and that Cubinet has extensive experience in operating games in South East Asia, I believe this agreement will be another success."